Smart Water Management is the new system of management of water, revolutionizing the conventional distribution of water with new technologies. Modern utility distribution networks can exchange a large amount of data, which is helpful in efficiency in operation and optimization in the water management. In current water network systems based on large and centralized systems, the management options are limited, some of the major limitation in this management include, less operating efficiency because of the imbalance between supply of and demand for fresh water, high energy requirement for distribution and supply of fresh water, high treatment cost of waste water and low treatment efficiency. Therefore, to overcome these difficulties, smart water management is being adopted by many industries, manufacturing firms, and organizations.
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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.
North America led the smart water management market and is expected to exhibit a CAGR of 19.3% during the forecast period (2017-2025) to reach US$ 14.05 billion by 2025. Rising demand for sustainable energy solution along with stringent government regulations propelling the demand for smart water management market in the region. Safe Drinking Water Act (SDWA), Clean Water Act (CWA) and regulations on waste water discharge are forcing companies to examine their manufacturing processes. In addition to this, municipal and other facilities in the U.S. need to obtain permits under National Pollutant Discharge Elimination System (NPDES) permit program, if their discharge goes directly to surface water. Europe is the second largest market after North America in the smart water management due to healthy economy and advancement in technology. Asia Pacific is the fastest growing market in the smart water management due to development in smart city projects.
Among the advanced water meters, Advanced Metering Infrastructure (AMI) dominating due to operational benefits such as energy theft detection, meter reading accuracy and response to power outages, along with financial and security benefits.
Supervisory Control and Data Acquisition (SCADA) dominated in the smart water management solutions segment. SCADA program is specifically designed to provide a real time historian data base, remote alerting functionality, alarm management, notification and optimization along with an open integration platform and a powerful HMI (Human Machine Interface). In open integration platform multiple SCADA systems, information can be organized and unified and HMI provides real time situation awareness, graphical visualization and alarm management on a centralized remote control room or on mobile devices such as smartphone or tablet.
North America led the smart water management market in 2016 and is expected to retain market dominance throughout the forecast period. Advancements in technology such as satellite remote sensing, and web-enable sensors and communication networks in water management and stringent government regulations such as Safe Drinking Water Act (SDWA), Clean Water Act (CWA) and regulations regarding the wastewater management are factor boosting growth of smart water management market in this region, with region accounting for 32.80% share in 2016.
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Major Players in the Smart Water Management Market:
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 Seimens Ag.
• 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
• Global Smart Water Management Market, By Solution:
◦ Advanced Analytics
◦ Advanced Pressure Management
◦ Network Monitoring
◦ Residential Water Efficiency
◦ Enterprise Asset Management for Water and Wastewater Utilities
◦ SCADA Systems for Water and Wastewater Utilities
◦ Smart Irrigation Management System
◦ Meter Data Management (MDM) of Water
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