Smart Water Management Market by Water Meters (AMR & AMI), Solutions (EAM, Network Management, SCADA, Advanced Pressure Management, MDM, Smart Irrigation), Services, End User (Commercial & Industrial, Residential), and Region - Global Forecast to 2024

Abstract
“The global smart water management market size to grow at a CAGR of 12.9% during the forecast period.”

The smart water management market size is projected to grow from USD 11.7 billion in 2019 to USD 21.4 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 12.9% during the forecast period. The smart water management market is driven by factors, such as the rising demand for quality water services, need to replace aging water infrastructure, rising digitalization of utilities sector, and government regulations favoring the development of smart water management solutions. However, factors such as reduced shelf life of smart meters and lack of digitally skilled workforce restrain the growth of the market.

By offering, services segment to grow at the highest CAGR during the forecast period

The smart water management market by offering is segmented into water meters, solutions, and services. The services segment is expected to grow at a rapid pace during the forecast period. Services are the most promising offering in the smart water management market as they create a high degree of smart characteristics and autonomy in the utilities sector. They are designed to meet interoperability challenges that occur due to varied heterogeneous devices, along with managing large volumes of data and offering end users with training, consulting, support, security, and privacy services.

By offering, solutions segment to hold the largest market size during 2019

The smart water management market by offering has been segmented into water meters, solutions, and services. The solutions segment holds the largest market size of smart water management market due to the increasing demand for technology solutions to modernize legacy infrastructure, rising technological adoption, and growing need for cost optimization .

Asia Pacific to grow at the highest CAGR during the forecast period

Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. Factors such as flexible economic conditions, industrialization- and globalization-motivated policies of governments, and expanding digitalization are expected to contribute to the growth of the smart water management market in the region.

In-depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, system integrators, and executives from various key organizations operating in the smart water management market.

? By Company: Tier I: 45%, Tier II: 40%, and Tier III: 15%

? By Designation: C-Level Executives: 40%, Directors: 35%, Managers: 15% and Others: 10%

? By Region: North America: 15%, APAC: 35%, Europe: 40%, and RoW: 10%

The report includes the study of key players offering smart water management solutions and services. It profiles major vendors in the global smart water management market. Major vendors in the smart water management market are ABB (Switzerland), Arad Group (Israel), AquamatiX (UK), Badger Meter (US), Honeywell Elster (US), Huawei (China), HydroPoint (US), IBM (US), i2O (UK), Itron, Inc. (US), Oracle (US), Landis+Gyr (Switzerland), Sensus (US), Schneider Electric (France), Siemens (Germany), Suez (France), SenzIoT (India), TaKaDu (Israel), Trimble Water (US), and XENIUS (India). It further includes an in-depth competitive analysis of key players in the smart water management market, along with their company profiles, business overviews, product offerings, recent developments, and market strategies.

Research Coverage

The market study covers the smart water management market across segments. It aims at estimating the market size and the growth potential of this market, across different segments, such as offering, end user, and region. The study further includes an in-depth competitive analysis of key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall smart water management market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report further helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Content
TABLE OF CONTENTS

1 INTRODUCTION 18
1.1 OBJECTIVES OF THE STUDY 18
1.2 MARKET DEFINITION 18
1.2.1 INCLUSIONS AND EXCLUSIONS 19
1.3 MARKET SCOPE 19
1.3.1 MARKET SEGMENTATION 19
1.3.2 REGIONS COVERED 20
1.4 YEARS CONSIDERED FOR THE STUDY 20
1.5 CURRENCY CONSIDERED 21
1.6 STAKEHOLDERS 21
2 RESEARCH METHODOLOGY 22
2.1 RESEARCH DATA 22
2.1.1 SECONDARY DATA 23
2.1.2 PRIMARY DATA 23
2.2 MARKET BREAKUP AND DATA TRIANGULATION 24
2.2.1 KEY INDUSTRY INSIGHTS 25
2.3 MARKET SIZE ESTIMATION 25
2.4 MARKET FORECAST 29
2.5 COMPETITIVE LEADERSHIP MAPPING METHODOLOGY 30
2.6 ASSUMPTIONS FOR THE STUDY 31
3 EXECUTIVE SUMMARY 32
4 PREMIUM INSIGHTS 37
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE SMART WATER MANAGEMENT MARKET 37
4.2 SMART WATER MANAGEMENT MARKET, BY OFFERING, 2019 37
4.3 SMART WATER MANAGEMENT MARKET, BY SOLUTION, 2017–2024 38
4.4 SMART WATER MANAGEMENT MARKET, BY SERVICE, 2019 VS. 2024 39
4.5 MARKET INVESTMENT SCENARIO 39
5 MARKET OVERVIEW AND INDUSTRY TRENDS 40
5.1 MARKET OVERVIEW 40
5.2 MARKET DYNAMICS 40
5.2.1 DRIVERS 41
5.2.1.1 Rising need for sustainable water solutions 41
5.2.1.2 Need for a significant reduction in loss due to non-revenue water 41
5.2.1.3 Rising need to replace the aging water infrastructure 42
5.2.2 RESTRAINTS 42
5.2.2.1 Lack of digitally skilled workforce 42
5.2.2.2 Reduced shelf life of smart meters 42
5.2.3 OPPORTUNITIES 43
5.2.3.1 Rising global smart city initiatives 43
5.2.3.2 Government initiatives and regulatory implementations for promoting smart water solutions 43
5.2.4 CHALLENGES 44
5.2.4.1 Difficulty in technology implementation over the legacy infrastructure 44
5.2.4.2 High initial investments and lower return on investment 44
5.3 USE CASES 44
5.3.1 USE CASE 1: KOREA WATER RESOURCES CORPORATION 44
5.3.2 USE CASE 2: TRIMBLE WATER 45
5.3.3 USE CASE 3: MUELLER SYSTEMS 45
5.3.4 USE CASES 4: HAL24K 45
5.3.5 USE CASES 5: AT&T 46
5.4 VALUE CHAIN ANALYSIS 46
6 SMART WATER MANAGEMENT, BY OFFERING 48
6.1 INTRODUCTION 49
6.2 WATER METERS 50
6.2.1 AMR/AMR+ METERS 52
6.2.1.1 AMR/AMR+ Meters: Smart Water Management Market Drivers 52
6.2.2 AMI METERS 53
6.2.2.1 AMI Meters: Smart Water Management Market Drivers 53
6.3 SOLUTIONS 53
6.3.1 ENTERPRISE ASSET MANAGEMENT 56
6.3.1.1 Enterprise Asset Management: Smart Water Management Market Drivers 56
6.3.1.2 Asset condition monitoring 57
6.3.1.3 Predictive maintenance 58
6.3.2 ANALYTICS AND DATA MANAGEMENT 58
6.3.2.1 Analytics and Data Management: Smart Water Management Market Drivers 59
6.3.2.2 Meter data management 60
6.3.2.3 Supervisory control and data acquisition 60
6.3.3 SECURITY 61
6.3.3.1 Security: Smart Water Management Market Drivers 62
6.3.4 SMART IRRIGATION MANAGEMENT 62
6.3.4.1 Smart Irrigation: Smart Water Management Market Drivers 62
6.3.5 ADVANCED PRESSURE MANAGEMENT 63
6.3.5.1 Advanced Pressure Management: Smart Water Management Market Drivers 63
6.3.6 MOBILE WORKFORCE MANAGEMENT 64
6.3.6.1 Mobile Workforce Management: Smart Water Management Market Drivers 64
6.3.7 NETWORK MANAGEMENT 65
6.3.7.1 Network Management: Smart Water Management Market Drivers 65
6.3.8 CUSTOMER INFORMATION SYSTEM AND BILLING 66
6.3.8.1 Customer Information System and Billing: Smart Water Management Market Drivers 66
6.3.9 LEAK DETECTION 67
6.3.9.1 Leak Detection: Smart Water Management Market Drivers 67
6.3.10 OTHERS 68
6.4 SERVICES 68
6.4.1 PROFESSIONAL SERVICES 70
6.4.1.1 Professional Services: Smart Water Management Market Drivers 70
6.4.1.2 Consulting services 71
6.4.1.3 System integration and deployment services 72
6.4.1.4 Support and maintenance services 72
6.4.2 MANAGED SERVICES 73
6.4.2.1 Managed Services: Smart Water Management Market Drivers 73
7 SMART WATER MANAGEMENT, BY END USER 75
7.1 INTRODUCTION 76
7.2 COMMERCIAL AND INDUSTRIAL 77
7.2.1 COMMERCIAL AND INDUSTRIAL: SMART WATER MANAGEMENT MARKET DRIVERS 77
7.3 RESIDENTIAL 78
7.3.1 RESIDENTIAL: SMART WATER MANAGEMENT MARKET DRIVERS 78
8 SMART WATER MANAGEMENT MARKET, BY REGION 79
8.1 INTRODUCTION 80
8.2 NORTH AMERICA 82
8.2.1 UNITED STATES 87
8.2.1.1 United States: Smart Water Management Market Drivers 87
8.3 EUROPE 91
8.3.1 UNITED KINGDOM 95
8.3.1.1 United Kingdom: Smart Water Management Market Drivers 96
8.4 ASIA PACIFIC 99
8.4.1 CHINA 104
8.4.1.1 China: Smart Water Management Market Drivers 104
8.5 MIDDLE EAST AND AFRICA 107
8.6 LATIN AMERICA 111

9 COMPETITIVE LANDSCAPE 115
9.1 OVERVIEW 115
9.2 COMPETITIVE LEADERSHIP MAPPING 115
9.2.1 VISIONARY LEADERS 115
9.2.2 DYNAMIC DIFFERENTIATORS 115
9.2.3 INNOVATORS 116
9.2.4 EMERGING COMPANIES 116
10 COMPANY PROFILES 117
10.1 INTRODUCTION 117
(Business Overview, Solutions, Products & Services, Organic & Inorganic growth, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
10.2 ABB 117
10.3 IBM 121
10.4 HONEYWELL ELSTER 124
10.5 SIEMENS 127
10.6 ITRON 130
10.7 SCHNEIDER ELECTRIC 133
10.8 SUEZ 136
10.9 ORACLE 139
10.10 LANDIS + GYR 142
10.11 SENSUS 144
10.12 ARAD GROUP 147
10.13 HUAWEI 149
10.14 TRIMBLE WATER 150
10.15 HYDROPOINT 151
10.16 I2O WATER 151
10.17 XENIUS 152
10.18 SENZIOT 153
10.19 TAKADU 153
10.20 BADGER METER 154
10.21 AQUAMATIX 154
10.22 RIGHT-TO-WIN 155
*Details on Business Overview, Solutions, Products & Services, Organic & Inorganic growth, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
11 APPENDIX 156
11.1 DISCUSSION GUIDE 156
11.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 159
11.3 AVAILABLE CUSTOMIZATION 161
11.4 RELATED REPORTS 161
11.5 AUTHOR DETAILS 162