Market Overview

Smart water management systems are undergoing a rapid wave of technological advancements. Water and wastewater management industries are improving in process transformation by adopting the use of information and communication technologies (ICT) and real time data generation. The aim of smart water management system is to increase the management and operational efficiency by using advanced information technologies to reduce expenditure, water loss, and carbon footprint.

Major drivers propelling the growth of smart water management market include the advancement in the technology such as advanced metering technology and Supervisory Control and Data Acquisition (SCADA) in water and waste water management. Also, with the development of the smart irrigation practices, there is a rise in demand for smart water management market. According to the research of Coherent Market Insights, smart irrigation market is growing at CAGR of 18.0% during the forecast period (2017-2025), which in turn drives the smart water management market in the forecast period.

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Market Dynamics

North America and Europe are the major regions in the advancement of smart water management technologies, owing to the high adoption of the new technologies such as advance meter infrastructure technology and SCADA software system technologies by many industries in the region. North America led the smart water management technology in 2016, with the market in the region valued at US$ 2.90 billion and projected to witness a CAGR of 19.3% during the forecast period (2017-2025). Asia Pacific is the fastest growing market for smart water management market, owing to the rising smart irrigation management systems and rising smart city projects. For instance, in India, 100 cities are being developed under the Smart Cities Mission. Asia Pacific is estimated to be the fastest-growing market, at a CAGR of 23.1% during the forecast period to reach US$ 11.69 billion by 2025.

Detailed Segmentation:

Global Smart Water Management Market, By Advanced Water Meters:

By Water Read Technology

Cellular Network

Fixed Network

By Meter Type

AMI Meters

AMR Meters

Global Smart Water Management Market, By Service:

Managed Services

Professional Services

Consulting services

Maintenance and Support

Deployment and Integration

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Some of the major players in the Smart Water Management Market are General Electric, ABB Group, Itron, Schneider Electric, International Business Machines (IBM) Corporation, Sensus, Elster Group Se, and Siemens Ag.

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