Market Overview:
The global smart water product 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 products in residential, industrial, and commercial applications across the globe. In addition, factors such as rising awareness about conserving water resources and technological advancements are also contributing to the growth of this market. On the basis of type, the global smart water product market is segmented into leak detectors, sprinkler controllers, and others. The leak detectors segment is expected to account for a major share of this market during the forecast period owing to their growing demand in residential applications worldwide. On the basis of application, this market is divided into residential, industrial, commercial, and others segments.
Product Definition:
A smart water product is a device that uses technology to improve the quality and management of water. This can include devices like sensors that detect leaks or meters that track water usage. Smart water products can help save money and conserve resources by detecting and preventing leaks, reducing waste, and providing real-time information about water use.
Water Leak Detector:
Water leak detector is a device used to detect the slow leakage of water in residential and commercial buildings. It consists of an electronic sensor, which is attached to the pipe with a rubber gasket or seal.
Smart Sprinkler Controller:
The smart sprinkler controller is a device that helps in automatic control of water from the garden hose or faucet. It works on the wireless technology and has an inbuilt sensor to detect nearby objects. The product is battery operated and can be attached to a garden hose for easy control.
Application Insights:
The industrial application segment accounted for the largest revenue share of over 60% in 2017. The growth can be attributed to the increasing demand for water across various industries including chemical, paper and pulp, food and beverages, mining and minerals processing. In addition to this, a rise in disposable income levels coupled with urbanization has led to an increased demand for safe drinking water supply systems in industrial settings.
The commercial application segment is expected witness significant growth over the forecast period owing to rising awareness regarding energy efficiency among businesses along with a growing need for sustainable solutions that not only conserve natural resources but also reduce costs associated with utility bills. Furthermore, smart sprinkler controllers help control irrigation systems by monitoring weather conditions such as humidity and temperature which helps save on energy costs while enhancing overall system performance.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing awareness regarding water conservation and usage, growing population, and government initiatives. For instance, in India, the ‘Ujjwal Yojana’ was launched by the Indian government in 2016 for urban local bodies to develop a comprehensive action plan for rainwater harvesting and water conservation measures including landscape irrigation systems using smart sensors.
The market in North America is anticipated to witness considerable growth over the forecast period owing to rising demand from residential applications due its high rate of adoption among single-family users. The U.S.
Growth Factors:
- Increasing demand for water conservation and efficient use of resources
- Rising population and growing demand for clean water
- Rapid industrialization and urbanization in developing countries
- Proliferation of new technologies and their adoption in the water sector
- Growing awareness about the benefits of smart water products
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Water Product Market Research Report
By Type
Water Leak Detector, Smart Sprinkler Controller, Others
By Application
Residental, Industrial, Commercial, Others
By Companies
ABB Group (Switzerland), General Electric (U.S.), Itron (U.S.), IBM Corporation (U.S.), Schneider Electric (France), ABB Group (Switzerland)
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
174
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Smart Water Product Market Report Segments:
The global Smart Water Product market is segmented on the basis of:
Types
Water Leak Detector, Smart Sprinkler Controller, Others
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
Residental, Industrial, Commercial, Others
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:
- ABB Group (Switzerland)
- General Electric (U.S.)
- Itron (U.S.)
- IBM Corporation (U.S.)
- Schneider Electric (France)
- ABB Group (Switzerland)
Highlights of The Smart Water Product 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:
- Water Leak Detector
- Smart Sprinkler Controller
- Others
- By Application:
- Residental
- Industrial
- Commercial
- Others
- 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 Product 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 products are those that use sensors and other technologies to improve the quality of water. They can include devices that monitor water usage, filter systems, and more.
Some of the major companies in the smart water product market are ABB Group (Switzerland), General Electric (U.S.), Itron (U.S.), IBM Corporation (U.S.), Schneider Electric (France), ABB Group (Switzerland).
The smart water product market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Water Product 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 Product Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Water Product 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 Product 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 Product Market Size & Forecast, 2020-2028
4.5.1 Smart Water Product Market Size and Y-o-Y Growth
4.5.2 Smart Water Product 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 Water Leak Detector
5.2.2 Smart Sprinkler Controller
5.2.3 Others
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 Residental
6.2.2 Industrial
6.2.3 Commercial
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Water Product 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 Product 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 Water Leak Detector
9.6.2 Smart Sprinkler Controller
9.6.3 Others
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 Residental
9.10.2 Industrial
9.10.3 Commercial
9.10.4 Others
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 Water Leak Detector
10.6.2 Smart Sprinkler Controller
10.6.3 Others
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 Residental
10.10.2 Industrial
10.10.3 Commercial
10.10.4 Others
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 Water Leak Detector
11.6.2 Smart Sprinkler Controller
11.6.3 Others
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 Residental
11.10.2 Industrial
11.10.3 Commercial
11.10.4 Others
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 Water Leak Detector
12.6.2 Smart Sprinkler Controller
12.6.3 Others
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 Residental
12.10.2 Industrial
12.10.3 Commercial
12.10.4 Others
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 Water Leak Detector
13.6.2 Smart Sprinkler Controller
13.6.3 Others
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 Residental
13.10.2 Industrial
13.10.3 Commercial
13.10.4 Others
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 Product Market: Competitive Dashboard
14.2 Global Smart Water Product Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB Group (Switzerland)
14.3.2 General Electric (U.S.)
14.3.3 Itron (U.S.)
14.3.4 IBM Corporation (U.S.)
14.3.5 Schneider Electric (France)
14.3.6 ABB Group (Switzerland)
