Global Smart Water Management Market Outlook, Opportunities And Strategies – Includes Smart Water Management Market Segments
Learn about the global smart water management market through The Business Research Company, which provides information on smart water management market size, smart water management market drivers and restraints, smart water management market players, the COVID-19 impact on the smart water management market, and more.
The global smart water management market size is expected to grow from $10.94 billion in 2021 to $12.97 billion in 2022 at a compound annual growth rate (CAGR) of 18.5%. The global smart water management market size is then expected to grow to $22.54 billion in 2026 at a CAGR of 14.8%.
Increasing demand for clean water due to the increasing global population is likely to drive the growth of the smart water management market.
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The smart water management market consists of sales of smart water management services entities (organizations, sole traders and partnerships) that are designed to collect meaningful and actionable data about a city’s water flow, pressure, and distribution. Smart water management involves the integration of systems and methods for monitoring, controlling, and regulating the usage and quality of water resources, as well as the maintenance of connected equipment (pipes, pumps, etc.). Its primary purpose is to ensure that the infrastructure and energy utilized to carry water are efficiently managed. Smart water management characteristics include pressure management, better leakage techniques for water networks, smart network operations and water cycle maintenance, smart water meter technologies, and smart water quality monitoring.
Global Smart Water Management Market Segments Include:
By Offering: Water Meters, Solutions, Services
By Product Type: Advanced Water Meters, Meter Read Technology, Cellular Network
By End-User: Residential, Commercial, Industrial
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the smart management water market in 2021.
Strategic collaborations among the companies are shaping the smart water management market. Companies in the smart water management market are undergoing partnerships to develop advanced solutions for their customer.
Major Market Players: Honeywell International Inc., Siemens AG, ABB Ltd, IBM Corporation, Itron, Schneider Electric SE, SUEZ Group, Sensus, Trimble Water, Elentec, HydroPoint Data Systems, TaKaDu, AquamatiX, Nalco Water India Ltd, and Xenius.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Smart Water Management Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides smart water management market overviews, analyzes and forecasts market size, share, smart water management market players, smart water management market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s smart water management market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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