Global Smart Water Management Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3600/- USD | Published Date: April 23, 2020 |


The global smart water management market size was estimated at around USD 10.5 billion in 2019 and expected to register at a higher CAGR of 12% during the forecast period 2020 to 2027. Smart meters are used in two-way communication for monitoring and controlling water flow, which has spurred the growth of the market. According to U.N. projections, the world will experience a 40 percent water shortfall by 2030 unless action is taken to reduce global water use. The increasing scarcity of water coupled with the rising demand for water consumption if fueling the market growth.

Population growth, climate change, and pollution are disrupting the world’s freshwater supplies. The United Nations Environment Program has predicted that half the globe’s population could face severe water stress by 2030. Annual expenditures of $200 billion, up from a historical average of about $40 billion to $45 billion, are needed now to keep spigots running, the U.N. said in a 2016 report.

The market is segmented on the basis of product, end-use, and region. By product, the hardware segment is dominating the market in terms of revenue with around 70% of the market share. The hardware segment includes automated meter reading (AMR) meters, advanced meter infrastructure (AMI) meters, and others. The end-use segment includes residential, commercial, and industrial application. The residential segment held the largest smart water management market share in 2019 with more than 50% market share globally. This segment contributed more than $5 billion in 2019.

The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The report on the smart water management market offers in-depth analysis covering key regional trends, market dynamics, and provides country-level market size of the smart water management industry. Some of the key factors considered during the course of research included product definition, product classification, industry structure, various participants in the smart water management ecosystem, etc. The report includes market sizes and forecast for the period from 2018 to 2027, and compounded annual growth rate (CAGR%) measured for individual segments and regional markets, competitive landscape of leading market players, critical analysis of market dynamics and profiling of key providers participating in the smart water management market.

According to Research Corridor, this study will provide in-depth analysis of segments on the basis of current trends, market dynamics and country level analysis of smart water management industry. This report provides market estimates and forecast for the period 2018-2027, along with respective CAGRs for each segment and regional distribution for the period 2020-2027. In depth analysis of competitive landscape, porter's five forces model, value chain analysis, and pricing strategies are also covered in the report scope.

Historical & Forecast Period

  • 2018 - Historical Year for smart water management Market
  • 2019 - Base Year for smart water management Market
  • 2020-2027 - Forecast Period for smart water management Market

The smart water management market report offers a primary overview of the smart water management industry covering different product definitions, classifications, and participants in the industry chain structure. The quantitative and qualitative analysis is provided for the global market considering competitive landscape, development trends, and key critical success factors (CSFs) prevailing in the smart water management industry.

Smart Water Management Market Segmentation:

By Product:

  • Hardware
  • Software & Services

By End-Use:

List of Key Companies:

  • ABB
  • Arad Group
  • AquamatiX
  • Badger Meter
  • Honeywell Elster
  • Huawei
  • HydroPoint
  • IBM
  • i2O

Smart Water Management Market Report Scope

This report provides an investigative analysis of the smart water management market encapsulated in detailed sections such as

  • Research Methodology
  • Research Scope
  • Executive Market Summary: Industry Snapshot
  • Industry Outlook
  • Critical Success Factors (CSFs) for the Market
  • Market Dynamics
  • Key Opportunities
  • Market Porters Five Force Analysis
  • Market Value Chain/Ecosystem Analysis
  • Market Attractive Investment Proposition
  • Market PESTEL Analysis
  • Market Positioning of Key Vendors
  • Market Segmentation Outlook
  • Regional Outlook
  • Company Profiles of Key Vendors

COVID-19 Impact on the Smart Water Management Market

The novel COVID-19 epidemic has affected the development of an array of industrial areas, technology sector, food & beverage industry, healthcare, and other sectors is no doubt. Instability of production and Supply chain interruption are some of the factor that is influencing the expansion of the smart water management market.

  • V Shaped Recovery
  • U Shaped Recovery
  • L Shaped Recovery
  • W Shaped Recovery
COVID-19 Impact on the Smart Water Management Market

COVID-19 Impact on the Smart Water Management Market - L Shaped Recovery

Geographic Coverage

Geographically, the smart water management Market report comprises dedicated sections centering on the regional market revenue and trends. The smart water management market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific and Rest of the World (RoW). The RoW segment consists Latin America and the Middle East & Africa. The smart water management market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance and others. smart water management Market estimates have also been provided for the historical years 2017 & 2018 along with forecast for the period from 2018 - 2027.

  • North America smart water management Market Revenue and Forecast
  • Europe smart water management Market Revenue and Forecast
  • Asia Pacific smart water management Market Revenue and Forecast
  • Latin America smart water management Market Revenue and Forecast
  • Middle East and Africa smart water management Market Revenue and Forecast

Key Questions Answered by Smart Water Management Market Report

  • Market size and forecast of the smart water management market for the period from 2018 to 2027
  • Compounded annual growth rate (CAGR%) for individual segments in various regional markets through 2025
  • Value chain analysis
  • Market share analysis combined with competitive landscape of key players
  • Profiles of key market players covering overall business operations, geographic presence, product portfolio, financial status and news coverage
The global smart water management market size was estimated at around USD 10.5 billion in 2019 and expected to register at a higher CAGR of 12% during the forecast period 2020 to 2027. Smart meters are used in two-way communication for monitoring and controlling water flow, which has spurred the growth of the market. According to U.N. projections, the world will experience a 40 percent water shortfall by 2030 unless action is taken to reduce global water use. The increasing scarcity of water coupled with the rising demand for water consumption if fueling the market growth.

Population growth, climate change, and pollution are disrupting the world’s freshwater supplies. The United Nations Environment Program has predicted that half the globe’s population could face severe water stress by 2030. Annual expenditures of $200 billion, up from a historical average of about $40 billion to $45 billion, are needed now to keep spigots running, the U.N. said in a 2016 report.

The market is segmented on the basis of product, end-use, and region. By product, the hardware segment is dominating the market in terms of revenue with around 70% of the market share. The hardware segment includes automated meter reading (AMR) meters, advanced meter infrastructure (AMI) meters, and others. The end-use segment includes residential, commercial, and industrial application. The residential segment held the largest smart water management market share in 2019 with more than 50% market share globally. This segment contributed more than $5 billion in 2019.

The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.
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Impacts of COVID-19
COVID-19 Impact on the Smart Water Management Market

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