Market Overview:
The global smart water network market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for smart water management solutions across various industry verticals, rising concerns over water scarcity and its impact on businesses, and growing investments in smart city initiatives worldwide. The data management segment is expected to hold the largest share of the global smart water network market in 2018, owing to the increasing need for efficient data collection and analysis for better decision-making with respect to water resources. The monitoring control segment is projected to grow at the highest CAGR during the forecast period, as it enables real-time monitoring of various parameters such as pressure, flow rate, and leakage detection through advanced sensors and analytics tools. In terms of application, industrial sector accounted for majority share of the global smart water network market in 2017; however, residential sector is projected to grow at a higher CAGR during 2018–2030 owingto rising awareness about conservation measures among consumers coupled with government initiatives towards development of Smart Cities across regions.
Product Definition:
A Smart Water Network is a network of sensors, meters and controllers that can collect data about water use in real time. This data can be used to improve water management and reduce wastage. The importance of a Smart Water Network is that it can help municipalities and businesses save money by reducing the amount of water they use.
Data Management:
Data management is the process of collecting, organizing, storing and retrieving information. It includes techniques for storage & retrieval as well as analysis of information. The smart water network market has been witnessing significant growth over the past few years owing to increasing demand for real-time data analytics in order to effectively manage large volumes of data generated from various sources such as sensors and networks.
Smart Meter:
Smart Meter is an electronic device that measures the water or electricity usage and also displays the information on screen. It helps to track real-time water & power consumption, thereby helping consumers manage their resources more efficiently. The smart meter can be connected to a home Wi-Fi or internet service provider through mobile application for data monitoring and controlling purposes.
The growing demand for energy efficiency in residential as well as commercial sectors has led to increased adoption of smart meters across various countries globally.
Application Insights:
The industrial sector accounted for the largest revenue share in 2016 and is expected to continue its dominance over the forecast period. The growing demand for real-time water management solutions, advanced metering infrastructure (AMI) and networked meters has resulted in a substantial increase in investments by various industries across the world.
Industrial applications of smart water networks include manufacturing, power generation, oil & gas and transportation sectors among others. These sectors have a critical requirement of reliable energy supply along with efficient usage of energy resources which results in increased adoption of smart grid technologies worldwide.
Residential sector is projected to be one of the fastest-growing application segments during the forecast period owing to increasing government initiatives on improving public amenities such as drinking water systems coupled with rising awareness about continuous monitoring & control at domestic level regarding consumption patterns.
Regional Analysis:
Asia Pacific region dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The regional growth can be attributed to increasing demand for smart water management solutions from countries, such as China, India, and Japan. Moreover, rising awareness regarding conservation of natural resources is anticipated to fuel industry expansion over the next eight years.
The European region accounted for a significant revenue share in 2017 owing to early adoption of several advanced technologies across various sectors including agriculture & forestry; wastewater treatment; building & construction; and others. However, North America may emerge as a potential market during the forecast period owing to growing concerns regarding water scarcity coupled with government initiatives aimed at reducing consumption levels per capita by approximately 40% by 2030 are likely drive industry growth over this period (2018-2030).
Growth Factors:
- Increasing demand for water conservation and efficient utilization of resources
- Rising population and rapid urbanization
- Stringent government regulations for water usage
- Growing awareness about the benefits of smart water networks among end users
- Technological advancements in smart meters, sensors, and communication technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Water Network Market Research Report
By Type
Data Management, Smart Meter, Monitoring Control, Communication Network
By Application
Industrial Sector, Residential Sector, Commercial Sector
By Companies
General Electric, IBM, Itron, Elster Water Metering, Xylem Inc, Aclara Technologies, Aquiba, Arad Group, Arqiva, Badger Meter, Capgemini, Diehl Stiftung, Enware Australia, Homerider Systems, i2O Water, Kamstrup, Krohne, Landis+Gyr, Master Meter, Mueller Systems, Neptune Technology, Oracle, Schneider Electric, Sentec, TaKaDu
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Smart Water Network Market Report Segments:
The global Smart Water Network market is segmented on the basis of:
Types
Data Management, Smart Meter, Monitoring Control, Communication Network
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial Sector, Residential Sector, Commercial Sector
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- General Electric
- IBM
- Itron
- Elster Water Metering
- Xylem Inc
- Aclara Technologies
- Aquiba
- Arad Group
- Arqiva
- Badger Meter
- Capgemini
- Diehl Stiftung
- Enware Australia
- Homerider Systems
- i2O Water
- Kamstrup
- Krohne
- Landis+Gyr
- Master Meter
- Mueller Systems
- Neptune Technology
- Oracle
- Schneider Electric
- Sentec
- TaKaDu
Highlights of The Smart Water Network Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Data Management
- Smart Meter
- Monitoring Control
- Communication Network
- By Application:
- Industrial Sector
- Residential Sector
- Commercial Sector
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Water Network Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smart Water Network is a global initiative to connect people and devices to the water supply in order to improve water management. The network provides access to real-time data about water resources, making it possible for municipalities, utilities, and other organizations to make informed decisions about how best to use those resources.
Some of the key players operating in the smart water network market are General Electric, IBM, Itron, Elster Water Metering, Xylem Inc, Aclara Technologies, Aquiba, Arad Group, Arqiva, Badger Meter, Capgemini, Diehl Stiftung, Enware Australia, Homerider Systems, i2O Water, Kamstrup, Krohne, Landis+Gyr, Master Meter, Mueller Systems, Neptune Technology, Oracle, Schneider Electric, Sentec, TaKaDu.
The smart water network market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Water Network Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart Water Network Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Water Network Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart Water Network Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart Water Network Market Size & Forecast, 2020-2028
4.5.1 Smart Water Network Market Size and Y-o-Y Growth
4.5.2 Smart Water Network Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Data Management
5.2.2 Smart Meter
5.2.3 Monitoring Control
5.2.4 Communication Network
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Industrial Sector
6.2.2 Residential Sector
6.2.3 Commercial Sector
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Water Network Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Water Network Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Data Management
9.6.2 Smart Meter
9.6.3 Monitoring Control
9.6.4 Communication Network
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Industrial Sector
9.10.2 Residential Sector
9.10.3 Commercial Sector
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Data Management
10.6.2 Smart Meter
10.6.3 Monitoring Control
10.6.4 Communication Network
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Industrial Sector
10.10.2 Residential Sector
10.10.3 Commercial Sector
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Data Management
11.6.2 Smart Meter
11.6.3 Monitoring Control
11.6.4 Communication Network
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Industrial Sector
11.10.2 Residential Sector
11.10.3 Commercial Sector
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Data Management
12.6.2 Smart Meter
12.6.3 Monitoring Control
12.6.4 Communication Network
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Industrial Sector
12.10.2 Residential Sector
12.10.3 Commercial Sector
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Data Management
13.6.2 Smart Meter
13.6.3 Monitoring Control
13.6.4 Communication Network
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Industrial Sector
13.10.2 Residential Sector
13.10.3 Commercial Sector
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Water Network Market: Competitive Dashboard
14.2 Global Smart Water Network Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 General Electric
14.3.2 IBM
14.3.3 Itron
14.3.4 Elster Water Metering
14.3.5 Xylem Inc
14.3.6 Aclara Technologies
14.3.7 Aquiba
14.3.8 Arad Group
14.3.9 Arqiva
14.3.10 Badger Meter
14.3.11 Capgemini
14.3.12 Diehl Stiftung
14.3.13 Enware Australia
14.3.14 Homerider Systems
14.3.15 i2O Water
14.3.16 Kamstrup
14.3.17 Krohne
14.3.18 Landis+Gyr
14.3.19 Master Meter
14.3.20 Mueller Systems
14.3.21 Neptune Technology
14.3.22 Oracle
14.3.23 Schneider Electric
14.3.24 Sentec
14.3.25 TaKaDu
