Smart Water Management Market: was valued at US$ 15.40 Bn. in 2022 and is expected to reach US$ 29.63 Bn. by 2029, at a CAGR of 9.8% during a forecast period.
Smart Water Management Market Overview:
Maximize Market Research’s new report, Global Smart Water Management Market 2022-2029, is useful for understanding the market’s competitors. The research provides a broad and basic examination of the market, including an examination of subjective factors that might provide readers with vital business insights. The research provides a market overview that explains the value chain structure, geographical analysis, applications, market size, and forecast (2022-2029). The research will serve as a vehicle for a more accurate assessment of the current and future conditions of the worldwide Smart Water Management market.
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Market Scope:
The research provides an analytical view of the business by studying several elements such as worldwide Smart Water Management market growth, consumption volume, market trends, and company pricing structures throughout the projected period. The analysis includes extensive research to explore the market’s complexities. The research provides an overview of the worldwide Smart Water Management market, including market characteristics, market segmentation analysis, market size, customer landscape, and geographical landscape. The study considers growth drivers, current trends, advancements, prospects, and the competitive environment in its research. This market has been examined in several areas based on productivity and manufacturing base.
Segmentation:
Smart Water Management Market, by Advanced Water Meters (2022-2029)
• By Meter Solution
• By Meter Read Service
Smart Water Management Market, by Solution (2022-2029)
• Enterprise asset management for water and wastewater utilities
• Network monitoring
• Advanced pressure management
• SCADA systems for water and wastewater utilities
• Advanced analytics
• Meter data management (MDM) for water
• Residential water efficiency
• Smart irrigation management systems
According to the proposed solution, smart water management SCADA systems are anticipated to have the biggest revenue share in the water and wastewater utility market in 2022. A strong Human Machine Interface (HMI) and an open integration platform are used by SCADA programmers to provide remote alerting, real-time historical databases, alarm management, optimisation, and notification. Such attributes are expected to drive segment expansion in the near future for SCADA systems.
Smart Water Management Market, by Service (2022-2029)
• Professional services
o Maintenance and support
o Deployment and integration
o Consulting services
• Managed services
In 2022, the Professional service segment had the biggest market share overall (%).The maintenance service includes information analysis on the market, supply, costs, and pricing, It is challenging to find information on cost and TCO models, supplier details, and performance benchmarks. macroeconomic, regional, and other developments all have an impact on price, supply, and other market dynamics. assistance with sourcing and negotiating for specific categories.
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Key Players:
It then discusses the top competitors in the worldwide Smart Water Management market, as well as emerging players, in detail, including market share based on revenue, demand, high-quality product makers, sales, and service providers. In addition, the research assesses capacity utilization, raw material sources, import-export, the value chain, price structure, and the industrial supply chain. The following players are featured in this report:
1. ABB Group
2. General Electric Company
3. IBM Corporation
4. Itron, Inc.
5. Schneider Electric SE
6. Arad Group
7. Elster Group SE
8. Sensus
9. Siemens AG
10. TaKaDu Ltd.
11. Aclara Technologies LLC.
12. Neptune Technology Group
13. Global Water Resources
14. Cambrian Innovation Inc.
15. A.U.G. Signals Ltd.
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Regional Analysis:
The report has analyzed the global Smart Water Management market in the following regions:
- America, North (the United States, Canada, and Mexico)
- European Union (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia, and Rest of South America)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)
The research provides comprehensive insights into numerous development opportunities and challenges in the regions mentioned above based on various types of goods, applications, end-users, and countries, among others. The research also includes key features of the worldwide Smart Water Management market, such as sales growth, product price and analysis, growth potential, and suggestions for tackling market issues in the given regions.
COVID-19 Impact Analysis on Smart Water Management Market:
COVID-19 is an unprecedented worldwide public health emergency that has impacted practically every business, and the long-term impacts are expected to have an influence on industry growth throughout the projection period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and potential next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The revised report contains insights, analysis, projections, and predictions based on the influence of COVID-19 on the market.
Key Questions Answered in the Smart Water Management Market Report are:
- Which are the major companies in the Smart Water Management market?
- Which is the potential market for Smart Water Management in terms of the region?
- Which application area of Smart Water Management is expected to grow at a significant rate in the market in the next 5 years?
- What are the opportunities for new market entrants?
- What will be the Smart Water Management market size by 2027?
- What are the growth prospects for the Smart Water Management market?
- What is the base year considered in the Smart Water Management market report?
- Which region holds the largest market share in the Smart Water Management market?
- What factors are anticipated to drive the Smart Water Management market?