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  • Published On : Jun 2022
  • Code : CMI805
  • Industry : Smart Technologies
  • Pages : 130
  • Formats :

Smart water management (SWM) is a smartly designed system to collect meaningful and actionable data on the pressure, flow, and distribution of a city’s water. The primary objective of SWM is to ensure that the infrastructure and energy used for transport of water are efficiently managed. SMW also helps to minimize energy usage in pumping of water at water utilities, the cost of detection of leaks and theft and enhances customer engagement in water conservation. Smart water solutions and services are still struggling for rapid adoption in major parts of the globe owing to regulatory support from the governments, lack of funds, and fragmented technology solutions from various vendors without an integrated platform.

Recent Developments:

  • In October 2021 Xylem acquired Anadolu Flygt, a market leader in Turkey that provides pump and water treatment system supply, installation, and after-sales service. This will augment Xylem’s growth in the Middle East region
  • In June 2021, Itron announced a partnership with United Utilities, the UK's largest publicly traded water business company. The two businesses have partnered to implement Temetra, Itron's innovative cloud-based meter management solution, to improve water delivery and water management.
  • In March 2021, Schneider Electric and SUEZ SA, an industrial water and process treatment technology company collaborated to help water operators and industrial players globally to accelerate their digital transformation by providing an innovative variety of software solutions for the operation, planning, maintenance, and optimization of water treatment infrastructure.

Growing need to replace present and obsolete water infrastructure is driving the global smart water management market. Water management includes activities such as flood prevention, automated water treatment, delivery, storage, and resource management systems. These water systems have been in place for a long time and are now being worn out due to increased demand for clean water. As a result, regular attention, repair, and maintenance are required to simplify the water supply process. Furthermore, these old constructions incur high maintenance costs, reducing their efficiency over time. To meet these issues, water utilities have begun to adopt smart technologies for reducing maintenance cost and provide good water management facilities to customers.

Restraint:

High installation cost advanced metering infrastructure (AMI) is expected to restrain growth of the global smart water management market during the forecast period Installing advanced metering infrastructure (AMI) requires significant initial investment. For instance, in 2013, the American Water Works Association stated in a publication that over a million miles of water pipelines have reached the end of their life cycle and need to be replaced. The cost of replacing and expanding these pipelines in the U.S. would be more than USD 1 trillion over the next couple of decades.  Furthermore, the long-term payback period of the smart water technologies is hindering its adoption. Therefore, these factors are expected to restrain growth of the global smart water management market during the forecast period.

Global Smart Water Management Market - Impact of Coronavirus (Covid-19) Pandemic

The Covid-19 pandemic has had a significant impact on the global economy. In addition, it has endangered public health to a greater extent. It has also created job crises that have affected many people financially. As economic loses were faced by the companies, employees were reduced. There was shortage of resources in all industries including the water management industry. Projects were delayed and put on hold due to the lockdown and shortage of manpower, this led to slow growth of the global smart water management market. 

North America held a dominant position in the global smart water management market in 2021

Statistics:

North America dominant position in the global smart water management market in 2021, accounting for 35.0% share in terms of volume, followed by Asia Pacific and Europe.

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Smart Water Management Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 18,397.2 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 17 % 2030 Value Projection: US$ 71,511.9 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:
  • By Component: Hardware (AMR (Automatic Meter Reading), AMI ((Advanced metering Infrastructure), and Others), Solutions, and Service
Companies covered:

IBM Corporation, TaKaDu Ltd., Arad Metering Technologies, Sensus USA Inc., i2O Water Ltd, ABB Ltd, ET Water Systems, LLC, Schneider Electric SA, General Electric Company, Evoqua Water Technologies (Siemens), Emerson Electric Corporation, Itron, Inc., Trimble Inc., and Badger Meter, Inc.

Growth Drivers:
  • Need to replace existing water infrastructure
  • Rise in number of smart cities
Restraints & Challenges:
  • High cost for replacement of existing water infrastructure

Figure 1: Global Smart Water Management Market Share (%), By Region, 2021

Smart Water Management  | Coherent Market Insights

North America is expected to account for the largest market share in the global smart water management market during the forecast period. The people in residential areas of North America are becoming aware of the benefits of all smart water management solutions such as it helps to reduce water wastage, improve water quality, help control leakage, and help control water usage. Hence, demand for such solutions is increasing in North America region, which is expected to drive the market growth of smart water management market.

Asia Pacific region is expected to witness significant growth in global smart water management market during the forecast period, owing to rise in number of smart cities in countries such as India, Indonesia, and others. Water management is one of the top priorities of the smart city project as the number of people residing in the urban areas are increasing tremendously. Smart water management in smart cities will help in detecting leaks, monitoring water distribution across the cities and help make informed decisions about water management. This will directly increase the requirement for clean water in the urban areas, along with better water management facilities to meet the basic requirement of people such as clean water and less wastage of water, and others. Hence, Asia Pacific region will witness significant market growth for smart water management in the forecast period.

The hardware segment is expected to drive the global smart water management market growth during the forecast period

Among the component segment, hardware segment is expected to drive the global smart water management market growth during the forecast period. Municipalities, government bodies and people in the residential areas have become aware of the need to replace the worn out hardware in the water management systems. There is a need to replace the old hardware with new modernized hardware due to the benefits they provide in water management in a smart way such as monitoring the distribution network, predictive maintenance, real time water metering, and others. IoT (Internet of things) based devices are in high demand in the smart water management market.

Figure 2: Global Smart Water Management Market (US$ Mn) Analysis and Forecast, 2017 - 2030

Smart Water Management  | Coherent Market Insights

Global smart water management market was valued at US$ 18,397.2 Mn in 2021 and is expected to reach US$ 71,511.9 Mn by 2030, at a CAGR of 17% between 2022 and 2030.

Major players operating in the global smart water management market include IBM Corporation, TaKaDu Ltd., Arad Metering Technologies, Sensus USA Inc., i2O Water Ltd, ABB Ltd, ET Water Systems, LLC, Schneider Electric SA, General Electric Company, Evoqua Water Technologies (Siemens), Emerson Electric Corporation, Itron, Inc., Trimble Inc., and Badger Meter, Inc.

Smart water technology can change the traditional water and wastewater systems into an interconnected and intelligent water transmission system. The smart water management system provides a resilient and efficient water supply system and improves sustainability. Smart water management contains AMI (Advanced Metering Infrastructure), it is a system of water meters, communication networks, and data management technology, furthermore, this metering system provides greater visibility across the system for data riven strategic decisions.

Market Dynamics

The growth of smart management is get attributed to increasing technological advancements in water management systems such as the use of advanced metering technology, and supervisory control and data acquisition systems. Moreover, many organizations are working on developing advanced metering systems that can help to reduce the water wastage, and provides better visibility in the watering system.  AECOM partners with IBM for a “Smarter Water” solution. This solution will help water management agencies to manage the watering system using smart, advanced technology solutions. Moreover, the government of many courtiers such as India is focusing on sustainable water management policies, which is expected to increase the demand for smart water management over the forecast period. 

Key features of the study:

  • This report provides an in-depth analysis of global smart water management market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022 to 2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading  market players
  • It profiles leading players in the global smart water management market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
  • Companies covered as a part of this study include IBM Corporation, TaKaDu Ltd., Arad Metering Technologies, Sensus USA Inc., i2O Water Ltd, ABB Ltd, ET Water Systems, LLC, Schneider Electric SA, General Electric Company, Evoqua Water Technologies (Siemens), Emerson Electric Corporation, and Itron, Inc., Trimble Inc., and Badger Meter, Inc.
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
  • The global smart water management market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Global Smart Water Management Market

Detailed Segmentation

  • Global Smart Water Management Market, By Component:
    • Hardware
      • AMR (Automatic Meter Reading)
      • AMI (Advanced Metering Infrastructure)
      • Others
    • Solutions
    • Service
  • Global Smart Water Management Market, By Region
    • North America
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Country:
        • Germany
        • Italy
        • U.K.
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East & Africa
      • By Country:
        • GCC Countries
        • South Africa
        • Rest of Middle East and Africa
  • Company Profiles
    • IBM Corporation*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/ Updates
    • TaKaDu Ltd.
    • Arad Metering Technologies
    • Sensus USA Inc.
    • i2O Water Ltd
    • ABB Ltd
    • ET Water Systems, LLC
    • Schneider Electric SA
    • General Electric Company
    • Evoqua Water Technologies (Siemens)
    • Emerson Electric Corporation
    • Itron, Inc.
    • Trimble Inc.
    • Badger Meter, Inc.

“*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

Global smart water management market is expected to reach US$ 71,511.9 million by 2030.
Market is expected to witness a CAGR of 17% during the forecast period (2022-2030).
Emergence of smart cities is expected to drive growth of the market.
The hardware segment held the largest market share among the component in 2021.
North America held the largest share in the market in 2021.
Key players operating in the market include IBM Corporation, TaKaDu Ltd., Arad Metering Technologies, Sensus USA Inc., i2O Water Ltd, ABB Ltd, ET Water Systems, LLC, Schneider Electric SA, General Electric Company, Evoqua Water Technologies (Siemens), Emerson Electric Corporation, Itron, Inc., Trimble Inc., and Badger Meter, Inc.

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