Smart Water Management Market Size worth $31.73 Billion By 2030 | CAGR: 10.3%

The global smart water management market size is expected to reach USD 31.73 billion by 2030, according to a new study by Polaris Market Research. The report Smart Water Management Market Share, Size, Trends, Industry Analysis Report, By Water Meter (AMR, AMI); By Solution; By Service (Professional, Managed); By End-Use (Commercial & Industrial, Residential); By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Water is regarded as one of the luxuries that must be saved efficiently, and residential H2O use accounts for a substantial share of world H2O use. As a result, technology plays a critical role in holding people accountable for H2O misuse. Consumers are using these software and devices to upgrade their homes.

This adoption rate is rapidly growing as software and hardware become more affordable. Digitization, combined with the adoption of connected technologies, is transforming the way intelligent H2O administration systems interact with their surroundings in the residential sector, affecting all these applications.

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For example, WEGoT, a utility solution provider, offers sensor-based Internet of Things (IoT) devices and the VenAqua software platform, which tracks real-time flow and cuts H2O demand by more than 50%, notably in residential buildings. The granular data gathered from numerous installations throughout residential complexes are processed, and the results are communicated with end-users via a mobile app.

Based on the offering, the solutions segment accounted for the leading share in the market in 2021. With the advancement of technology, H2O utilities are implementing intelligent solutions to combine diverse business operations and accelerate their market growth. With small infrastructure development, integrating various advanced technologies with existing processes enhances the overall operating capacity of the H2O network.

In the smart H2O sector, these technologies and smart infrastructure are employed to provide novel solutions for clients. Because of increased awareness about H2O quality, limitation of natural H2O supplies, rising consumer expectations, and technology improvements, the usage of smart solutions is likely to boost market growth during the forecast period.

Market players such as ABB, General Electric, Itron, IBM Corporation, SAP SE, Schneider Electric, Elster Group SE, SENSUS USA INC, Global Water Management, Neptune Technology Group, Radius Synergies International Pvt Ltd, Trimble Water, TaKaDu, Siemens, Oracle Corporation, i2O Water Ltd, SenzIoT, and SUEZ are some key players operating in the global market. In June 2021, the latest edition of ABB Ability used a scalable advanced analytics platform with the pre-built and the concerned services to deliver actionable intelligence.

Polaris market research has segmented the smart water management market report based on water meter, solution, service, end-use, and region:

Smart Water Management, Water Meter Outlook (Revenue - USD Billion, 2018 - 2030)

• AMR
• AMI

Smart Water Management, Solution Outlook (Revenue - USD Billion, 2018 - 2030)

• Enterprise Asset
• Analytics and data
• Security
• Advanced pressure management
• Network Management
• Smart Irrigation Management
• Customer information system and billing
• Others

Smart Water Management, Service Outlook (Revenue - USD Billion, 2018 - 2030)

• Professional
  • Consulting services
  • System integration and deployment services
  • Support and maintenance services
• Managed

Smart Water Management, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)

• Commercial & Industrial
• Residential

Smart Water Management, Regional Outlook (Revenue - USD Billion, 2018 - 2030)

• North America
  • U.S.
  • Canada
• Europe
  • France
  • Germany
  • UK
  • Italy
  • Netherlands
  • Russia
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Malaysia
  • South Korea
  • Indonesia
• Latin America
  • Mexico
  • Brazil
  • Argentina
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa