Smart Water Management Market, By Smart Water Meter, By Solutions, By Application - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025

Smart water management refers to the techniques, systems, and devices used to optimize the consumption of water and reduce the impact of polluted water on health, environment, and equipment at minimum cost investment. Rise in urbanization is projected to be a major driver for the smart water management market, which is expected to expand at a significant CAGR over the forecast period.

Existence of outdated infrastructure and rising operating costs for water management to fuel the market growth

According to the Water Environment Research Foundation, the energy potential of wastewater and biogases/bio solids exceeds by over 10 times the energy required for its treatment. Furthermore, according to National Energy Technology Laboratory, thermoelectric power plants use around 41% of the available fresh water for the production of electricity. Over a time period of 2005-2030, the dependence on thermoelectric power generation is expected to increase by over 1.2x, compelling the authorities to manage resources efficiently. This, in turn, is expected to drive the demand for smart water management market. Aging distribution infrastructure, requirement to limit capital costs, increasing cost of energy, and limited finances for optimal management of available resources are projected to create significant growth opportunities for the smart water management market over the forecast period.

Smart Water Management Market Taxonomy

On the basis of smart water meter, the global smart water management market is classified into:

  • Meter Type
    • AMR Water Meters
    • AMI Water Meters
  • Meter Read Technology
    • Fixed Network
    • Cellular Network

On the basis of solution, the global smart water management market is classified into:

  • Enterprise Asset Management (EAM) for Water and Wastewater Utilities
  • Network Monitoring
  • Advanced Pressure Management
  • SCADA Systems for Water and Wastewater treatment
  • Meter Data Management (MDM) for Water
  • Residential Water Efficiency
  • Smart Irrigation Management System

On the basis of services, the global smart water management market is classified into:

  • Consulting (Advanced Analytics)
  • Deployment & Integration
  • Maintenance & Support

On the basis of application, the global smart water management market is classified into:

  • Water Treatment
  • Water Distribution
  • Water Utilization
    • Commercial Applications
    • Domestic Applications
    • Industrial Applications
    • Agricultural Applications
  • Wastewater Treatment
    • Commercial Applications
    • Domestic Applications
    • Industrial Applications
    • Government Applications

Changing climatic conditions, high pollution level, and significant investments for efficient treatment, distribution, and utilization to propel market growth

Singapore was largely dependent on rainfall and Malaysia to fulfill water requirement of its population. Natural calamities such as flood and rising sea level in the Netherlands, large desert areas of Israel, and severe drought conditions in California are a few among the issues that have driven the demand for a technology like smart water management all over the world. Changing climatic conditions, owing to factors such as global warming also augment the need for smart water management over the forecast period.

The U.S. is expected to drive high demand for smart water management, owing to high awareness and user inclination toward advanced technologies

Europe and North America are expected to experience significant demand over the forecast period. However, owing to the availability of natural resources, slow growth is expected in the Asia Pacific smart water management market.

Some of the market participants identified across the value chain of smart water management market are ABB, Arad Metering Technologies, AVEA, General Electric, Honeywell, IBM Corporation, Schneider Electric, Takadu, Topcon, and Trimble.

Research Methodology

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  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
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In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
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Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

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Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

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  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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