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Global Smart Water Management Market 2021 Production, Revenue, Price and Gross Margin Analysis with Forecasts

Smart Water Management

Smart Water Management Market” report provides strategic supports mentioned by the business specialists with market sources, amount of manufacturing cost structure, raw materials, forecasts, turnover, manufacturing outlays, latest market trends, labor cost, demands and much more. Smart Water Management market report covers a comprehensive market structure through the globe with an in-depth study of major dynamics (Drivers, Challenges, Opportunities).  

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Key Market Trends:

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 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.
– Further, SCADA adoption is set to penetrate with the growth in smart cities and smart water projects worldwide. In , 100 smart cities have a great scope for 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 14 billion USD smart water projects which is further expected to augment the market growth.

to be One of the Early Adopters of Smart Water Management Systems

– 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 , the Investments are for maintaining the existing systems and in the Mediterranian region, the investments need to be made to comply with ‘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.

Market Overview:

  • The global smart water management market was valued at USD 11.9 billion in 2018 and is expected to reach USD 22.5 billion by 2024, recording a CAGR of over 13.18%, during the forecast period (2019 – 2024). There will be more than two-thirds of people will be living in water scares areas by 2025 according to Xylem. By 2050 water demand will increase by 55% compared to 2015 levels due to the destruction of water resources by humans due to contamination.
  • – The major drivers for the smart water management market are technological advancement, growing population and decrease in water resources globally. Increase in supervisory control and data acquisition is also a major driver for the market.
  • – However, the major restraints to the market include high investments required initially and a very low and slow rate of return. Moreover, lack of expertise to implement these technologies across the globe and slow rate of adoption is also a challenge for the market.
  • – Nevertheless, the proliferation of IoT and smart cities across various regions promote the growth of the market studied. Technological advancements pertaining to smart meters and their integration with communication solutions (SCADA, GIS, etc.) have transformed water management, to address the challenges faced by water utilities, residents, and industries, in terms of erroneous billing and water management.

    Key Manufacturers Like 

  • ABB Ltd
  • IBM Corporation
  • GE Water & Process Technologies (Suez group)
  • Honeywell International Inc
  • Schneider Electric (+ Aveva)
  • Siemens AG
  • Utility Systems (Micro Mega Holdings Limited)
  • Hitachi Ltd
  • Arad Metering Technologies
  • TaKaDu Limited
  • Sensus Inc. (Xylem Inc.)
  • Itron Inc.
  • i2O Water Ltd
  • Huawei Technologies Co. Ltd
  • Esri Geographic Information System Company.

    Scope of the Report:

  • Smart water management is a technology used for collecting, share and analyze 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.

    Smart Water Management market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Smart Water Management market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Smart Water Management market have also been involved in the study.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

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    Key Questions Answered in Market Report: –

    • What will the market growth rate, Overview and Analysis by Type of Smart Water Management market in 2023?
    • What are the key factors driving, Analysis by Applications and Countries Smart Water Management market?
    • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Smart Water Management ?
    • Who are Opportunities, Risk and Driving Force of Smart Water Management market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
    • Who are the opportunities and threats faced by the vendors in Smart Water Management space? Business Overview by Type, Applications, Gross Margin and Market Share
    • What are the Smart Water Management market opportunities, market risk and market overview of the Market?

    Lastly, the Global Smart Water Management Market Research covers a complete market structure across the world with a comprehensive analysis of major key factors. This report provides planned orientations referred by the industry experts.

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    Study objectives of Smart Water Management Market Report:

    • To provide a detailed analysis of the market structure along with the Smart Water Management market forecast of various segments and sub-segments of the Smart Water Management market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Smart Water Management market trends that influence the global Smart Water Management market

    Detailed TOC of Smart Water Management Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Need to Manage the Increasing Global Demand for Water
    4.3.2 Need to Reduce Non-Revenue Water Losses
    4.4 Market Restraints
    4.4.1 Lack of Capital Investments to Install Infrastructure
    4.5 Value Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Solution
    5.1.1 Asset Management
    5.1.2 Distribution Network Monitoring
    5.1.3 Supervisory Control and Data Acquisition (SCADA)
    5.1.4 Meter Data Management (MDM)
    5.1.5 Analytics
    5.1.6 Other Solutions
    5.2 By Service
    5.2.1 Managed Service
    5.2.2 Professional Service
    5.3 By End User
    5.3.1 Residential
    5.3.2 Commercial
    5.3.3 Industrial
    5.4 Geography
    5.4.1 North America
    5.4.2
    5.4.3 Asia-Pacific
    5.4.4 Latin America
    5.4.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 COMPANY PROFILES
    6.1.1 ABB Ltd
    6.1.2 IBM Corporation
    6.1.3 GE Water & Process Technologies (Suez group)
    6.1.4 Honeywell International Inc
    6.1.5 Schneider Electric (+ Aveva)
    6.1.6 Siemens AG
    6.1.7 Utility Systems (Micro Mega Holdings Limited)
    6.1.8 Hitachi Ltd
    6.1.9 Arad Metering Technologies
    6.1.10 TaKaDu Limited
    6.1.11 Sensus Inc. (Xylem Inc.)
    6.1.12 Itron Inc.
    6.1.13 i2O Water Ltd
    6.1.14 Huawei Technologies Co. Ltd
    6.1.15 Esri Geographic Information System Company

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

    8 INVESTMENT ANALYSIS

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