The global Smart Water Management (SWM) Market was valued at USD 13.2 Bn in 2021 and is anticipated to grow at a CAGR of 10.2% and is expected to reach USD 31.6 Bn by 2030.
The increased adoption of Smart Water Management (SWM) in the Next Generation Technologies industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Smart Water Management (SWM) also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Smart Water Management (SWM) in many sectors also boosts the market growth during the forecast period.
Smart water management (SWM) is a well constructed system that collects useful and usable data about a city’s water pressure, flow, and distribution. The fundamental goal of SWM is to guarantee that the infrastructure and energy utilised for water transportation are handled efficiently. SMW also reduces energy use in water utility pumping, the expense of detecting leaks and theft, and increases consumer involvement in water conservation. Smart water solutions and services are still failing to gain traction in many areas of the world due to government regulatory backing, a lack of money, and fragmented technological solutions from many suppliers without an integrated platform.
Smart Water Management (SWM) Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Component (Hardware, Solution, Service), By Application (Water Pipeline Monitoring & Leak Detection, Water Level Monitoring and Dam Management, Water Consumption & Distribution, Irrigation Management, Waste Water Monitoring), By End Use (Commercial, Public Sector, Residential) and companies (Oracle Corporation, Schneider Electric SE, Siemens AG, Suez, Takadu, Trimble Inc., Xenius, Ayyeka, Ketos, ABB Ltd, Badger Meter, Honeywell International Inc., Hydropoint, IBM Corporation, Itron, Landis+Gyr, Neptune Technology), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 10.2%, over the forecast period of 2022–2030.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||31.6 Billion|
|By Component||Hardware, Solution, Service|
|By Application||Water Pipeline Monitoring & Leak Detection, Water Level Monitoring and Dam Management, Water Consumption & Distribution, Irrigation Management, Waste Water Monitoring.|
|By End use||Commercial, Public Sector, Residential.|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Oracle Corporation, Schneider Electric SE, Siemens AG, Suez, Takadu, Trimble Inc., Xenius, Ayyeka, Ketos, ABB Ltd, Badger Meter, Honeywell International Inc., Hydropoint, IBM Corporation, Itron, Landis+Gyr, Neptune Technology.|
The COVID-19 pandemic has had a substantial negative influence on the Smart Water Management (SWM) market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Oracle Corporation, Schneider Electric SE, Siemens AG, Suez, Takadu, Trimble Inc., Xenius, Ayyeka, Ketos, ABB Ltd, Badger Meter, Honeywell International Inc., Hydropoint, IBM Corporation, Itron, Landis+Gyr, Neptune Technology.
Market Segment Analysis:
- (AMR (Automatic Meter Reading)
- AMI (Advanced metering Infrastructure))
- Enterprise Asset Management
- Network Management
- Smart Irrigation
- Water Pipeline Monitoring & Leak Detection
- Water Level Monitoring and Dam Management
- Water Consumption & Distribution, Irrigation Management
- Waste Water Monitoring
By end use
- Public Sector
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Smart Water Management (SWM) industries in the region.
Key Smart Water Management (SWM) Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Smart Water Management (SWM) Market segments.
– Largest Market Share Held by Industry to Industry for Smart Water Management (SWM)
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Smart Water Management (SWM) Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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