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Smart Water Management Dynamics, Trends, Revenue, Regional Segmented, Outlook & Forecast Till 2026


Smart Water Manageme

iCrowdNewswire   Nov 11, 2020  6:31 PM ET

Smart Water Management Market – 2018-2026

Smart Water Management Industry Overview:

Smart water management is a way to collect, share, and analyze data from water equipment and water networks. It provides a more resilient and efficient water supply system, which reduces cost and improves sustainability. Smart water management is gaining popularity across the globe, owing to water scarcity and the increasing need for water conservation. Smart water management solution providers are offering smart water technologies to help users in managing the chronic shortage of water.

Smart water management has been primarily adopted by chemical and manufacturing industries to reduce water wastage and for the efficient use of their resources. Smart water management technology helps various organizations in identifying the network issues, enhancing customer engagement in water conservation, and most prominently, in reducing non-revenue water losses due to the damage to infrastructure.

There will be more than two-thirds of people who will be living in water scarce areas by 2025 according to Xylem. By 2050, the water demand will increase by 55% compared to the 2015 levels due to the destruction of water resources by humans, due to contamination.

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Top Key Players Of Smart Water Management Industry:

Sensus
Itron
Elster (Honeywell)
Diehl Stiftung & Co. KG
Landis+Gyr
Roper Industries(Neptune)
Siemens
Kamstrup
Jiangxisanchuan
Suntront Tech Co., Ltd
Badger Meter Inc
Iskraemeco
Arad Group(Master Meter)
Huizhong Instrumentation Co., Ltd
Zenner
Ningbo Water Meter

Scope of the Report

Smart water management is a technology used for collecting, sharing, and analyzing data from water equipment and water networks. It is used by water managers to find leaks, lower energy usage, conserve water, predict equipment failure, and ensure regulatory compliance.

The global smart water management system market is expected to reach US$ 29.8 billion by 2023, growing with a high CAGR during the forecast period. The market is witnessing growth due to the growing scarcity of water, coupled with the increasing demand for water conservation across the globe. Various organizations and governments are taking initiatives to meet the rising demand for water globally. In addition to these, regulatory bodies are implementing smart water technologies for the efficient management of distribution channels, for updating water management solutions, decreasing maintenance cost, and for reducing non-revenue losses of water due to thefts and water leakage. Such factors are further expected to drive the smart water management market growth in the coming years.
This Smart Water Management market report covers an in-depth analysis of the market including statistical and subjective data points, along with the key market drivers and opportunities & restraints that have positive or negative effects on the overall global market. An exclusive coverage has been provided for market drivers and challenges & opportunities for a country-level market in the respective regional segments. The report comprises a competitive analysis of the key players functioning in the segments market and covers in-depth data related to the competitive landscape of the market and the recent strategies & products that will assist or affect the market in the near future.

The smart water management market has been segmented based on the product type into the cellular network, advanced water meters, and meter read technology. Advanced water meters are further divided into Advanced Metering Infrastructure (AMI) and Automated Metering Reading (AMR). Advanced Metering Infrastructure (AMI) is expected to dominate the market in the year 2018, due to the operational benefits it offers such as accuracy in meter reading, detection of energy theft, and response to power outages, along with security and financial advantages.

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Key Market Trends | Growth | Share | Sale | Revenue | Manufactures | Technology Component

Supervisory Control and Data Acquisition (SCADA) to Record a Huge Penetration

The remote operability through a distributed network, reduced operational costs, increased water savings are the prime promoters of SCADA adoption.

Moreover, by 2050 it is estimated that 70% of the population will live in urban areas and the historical lack of investment in water management is putting the entire water networks in immense pressure. Owing to this, SCADA is being increasingly used in water control and management.

Furthermore, SCADA adoption is set to penetrate with the growth in smart cities and smart water projects worldwide. In Europe, 100 smart cities have a great scope for the adoption of SCADA for solving the problems of water management. London had deployed SCADA for its Thames water management which saw a 13% decrease in water consumption.

Additionally, from 2018 to 2024 the governments worldwide will invest in USD 14 billion for smart water projects, which is further expected to augment the market growth.

Reduction in operating costs is accelerating the penetration of SCADA in water industries
Water utilities are under pressure to provide good quality water, but are struggling with their outdated infrastructure. The SCADA solution helps in reducing energy costs in pumping water through the distribution network, streamlining water utility operations, and in enhancing asset management for water and wastewater utility infrastructure. The option of remote access in SCADA solutions enables utilities to access water usage data even from smartphones, laptops, and tablets.

Europe to be one of the Early Adopters of Smart Water Management Systems

Europe has around 3.5 million kilometers of the water distribution network, which poses great challenges for the government to manage the distribution network presently. For revamping the infrastructure, there is a need for EUR 20 billion investment per year.

In Northern Europe, the investments are for maintaining the existing systems and in the Mediterranean region, the investments need to be made to comply with Europe’s standards and modern water management systems.

The EU Commission has also laid out a vision for the future of smart water across the region in its Digital Single Market for Water Services Action Plan that will further drive the market growth.

North America is dominating the smart water management market
North America is dominating the smart water management market in 2018, owing to the growth of SWM solution in the U.S. and Canada. In addition to this, smart water management is dominating in the market due to its sustainable energy, technological advancements, and reducing aging infrastructure demands.

The Asia Pacific smart water management market is the fastest growing market during the forecast period, due to the rising government initiatives taken to raise awareness among people and development of smart cities. In 2011, the government of China launched its 12th Five-Year Plan that includes the guidelines for economic development during 2011-2015. In this plan, two of the key themes such as “Sustainable Development” and “Scientific Development” are related to smart water management.

The global smart water management market is a highly competitive market due to the presence of various international, regional, and local vendors. The demand for smart water management is expected to grow over the coming years due to rising investments in R&D by the key players, such as Evoqua Water Technologies, General Electric Co., and others. To expand the market, the majority of the vendors are adopting new technologies and product launches to gain competitive advantage in the global market. The smart water management market is being largely driven by new product launches and acquisitions.

The competition in the global smart water management market is intense as various international and regional vendors are providing the new technology to various end-use industries for the expansion of the market. Smart water management vendors are emphasizing on investing in R&D facilities to boost technology development. The key players and emerging vendors have improved manufacturing techniques and their products, in order to have a competitive edge over others. Furthermore, companies are involved in acquisitions and expansions to improve their product offerings and increase the production process. Industry players have developed partnerships and collaborations for addressing the demand and for strengthening their presence across the globe.

Competitive Landscape

The smart water management market is fragmented due to the presence of a large number of companies. Some of the major companies include IBM, GE, Siemens, among others. Some key recent developments in the market include:

November 2018 – Utility Systems deployed smart prepaid meters for water conservation in South Africa, aimed at sustainable water management systems.

January 2018 – ABB partnered with TaKaDu, a cloud-based water management service provider to provide a smart water management solution to a Chinese city, Ho Chi Minh. The partnership will be in addition to ABB’s water business portfolio. The solution offered to the utility of Ho Chi Minh included ABB’s SCADA to monitor and control the water distribution system and TaKaDu’s Event Management Solution, to detect, analyze, and manage leaks, bursts, faulty assets, telemetry, and operational failures.

 The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics Supply and demand
Market size Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

Available Customizations:

With the given market data, We offers customizations as per the company’s specific needs. The following customization options are available for the report:

 The report includes six parts, dealing with:
1.) Basic Information
2.) The Asia Smart Water Management Speaker Market
3.) The North American Smart Water Management Speaker Market
4.) The European Smart Water Management Speaker Market
5.) Market Entry And Investment Feasibility
6.) The Report Conclusion

Table of Content: Smart Water Management Market 2026

1 Study Coverage

2 Executive Summary

3 Breakdown Data by Manufacturers

4 Breakdown Data by Type

5 Breakdown Data by Application

11 Company Profiles

12 Future Forecast

13 Market Opportunities, Challenges, Risks and Influences Factors Analysis

14 Value Chain and Sales Channels Analysis

15 Research Findings and Conclusion

16 Appendix

Continued …

The key insights of The Report Research:

1.The report Research provides key statistics on the market status of the Smart Water Management manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report Research provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report Research presents the company profile, product specifications, capacity, production value, and 2018-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report Research estimates 2018-2026 market development trends of Smart Water Management industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report Research makes some important proposals for a new project of Smart Water Management Industry before evaluating its feasibility.

Reasons to Purchase this Report:

* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.

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