Global Smart Water Management Market Size, Share, Growth, and Forecast Report 2030

  • Jun 23, 2023
  • | 96
In 2022, the size of the global smart water management market was estimated to be $14.01 billion, and it is expected to reach $30.01 billion by the end of 2030 with a CAGR of roughly 10.3% between 2023 and 2030. Smart Water Management Market: Overview The concept of "smart water management" refers to a system that is intended to collect data that is both meaningful and useful regarding the pressure, distribution, and flow of city water. The fundamental goal of smart water management is to ensure that the infrastructure and energy used for water transportation are successfully controlled. This can be accomplished by ensuring that smart water management is implemented. In addition to this, it helps to reduce the amount of energy that is used for pumping water in municipal water utilities. In addition to this, it lowers the expenses of leak detection as well as the theft of water, which ultimately results in increased consumer participation in water conservation. Specifically, the term "smart water management" refers to the practice of employing modern methods in place of more conventional means of transporting water. Smart Water Management Market: Growth Factors Massive Inroads Made by Smart Water Management Practises Into Utility Sectors, Positioning These Sectors to Drive Global Market Growth The expansion of the global market for smart water management is anticipated to be driven, in large part, by the rising demand for the replacement of aging water infrastructure facilities. The enormous need for flood protection, delivery storage, automated water purification, and resource management will direct the trends that emerge in the global market. The operations that comprise intelligent water management contribute to the delivery of clean water to customers, as well as the repair and maintenance of water reservoirs at costs that are more affordable. The rapid growth of the market in every region of the world will be guided by the enormous need for increasingly sophisticated technology. Smart Water Management Market: Segmentation The offering, water meters, end-user, and region are the four segments that make up the global market for smart water management. In terms of the products and services on offer, the global market for smart water management may be broken down into three distinct categories: water meters, services, and solutions. In addition, the solutions sector, which was responsible for the greatest share of the global market in 2022, is on track to solidify its position as the most dominant segment during the time period covered by the forecast. It is possible that an increase in the acceptability of intelligent solutions in the water utilities sector may contribute to the segmental growth that will occur over the next eight years. In addition, smart solutions reduce the amount of money that must be invested in infrastructure while simultaneously increasing the operational efficiency of the water network. Smart Water Management Market: Regional Insights North America Smart Water Management market to accrue massive returns over the forecast timeframe North America, which accounted for a major share of the global smart water management market in 2022, is anticipated to continue its dominance over the analysis period. The regional market expansion over 2023-2030 can be due to growing awareness about the benefits offered by smart water management services to the end-users. Massive demand for reducing water wastage, enhancing water quality, and controlling water leakage will expand the growth of the market in the region. The presence of key manufacturers in countries such as the US will contribute sizably towards the expansion of the market in the region. Smart Water Management Market: Competitive Space The global smart water management market profiles key participants such as ABB Limited Honeywell International Inc Arad Group IBM Corporation Evoqua Water Technologies LLC GE Digital Schneider Electric SE Siemens AG Itron Inc. Sensus. The global smart water management market is segmented as follows: By Offering Water Meters Services Solutions By Water Meters AMR Meters AMI Meters By End-User Commercial & Industrial Residential By Region North America The U.S. Canada Europe France The UK Spain Germany Italy Rest of Europe Asia Pacific China Japan India South Korea Southeast Asia Rest of Asia Pacific Latin America Brazil Mexico Rest of Latin America Middle East & Africa GCC South Africa Rest of The Middle East & Africa

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Read Also: https://oty.co.in/global-electrical-engineering-services-market-size-share-trends-growth-report-2030/ https://tefwins.com/global-bridal-gowns-market-size-share-growth-analysis-and-forecast-to-2030/ https://issuu.com/rohitdigitalmarketing/docs/phenoxycycloposphazene_market.pptx    


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