Market Overview:

The Global Smart Water Management Systems market was valued at USD 14.3 billion in 2022, and is projected to reach USD 53.6 Billion by 2030, growing at a CAGR of 14.2% from 2022 to 2030.

Smart Water Management Systems are ways to get water to people that use the latest technology instead of the old ways. Smart Water Management Systems are also being used by a lot of assembly and science companies to cut down on water waste and make better use of energy. Water resource management options also suggest using data and the changes that come with it to deal with different problems.

The market for Smart Water Management Systems is growing because more and more people are using them to track and gather data. The market for smart water management systems is also rising because more and more smart towns are being built and more and more digital transformation technologies are being used. But the Smart Water Management Systems market isn't going to grow as fast because there isn't enough money to build facilities and there aren't enough people with digital skills. The growing number of government programs to use Smart Water Management Systems is also expected to help the market for Smart Water Management Systems.

Market Dynamics:

Key Trends: The growing need to control water will drive the market

UN-Water says that by 2025, there may not be enough water for 1.8 billion people to live where they are. Most water problems, like floods and bad water quality, happen in countries that are still growing. Different countries are working on the goals of the UN's 2030 Agenda for Sustainable Development. Water is a part of all 17 of the Sustainable Development Goals.

According to the World Water Council, nearly four billion people will have trouble getting enough water by 2025. When drinking water is dirty, it puts people's health at risk. Failing dams and old water structures also hurt people. Long-term droughts and systems for getting water to people that don't work well are also bad for the water source. In these cases, old ways of managing water assets slow down efficiency and put people's lives in danger.

There isn't enough fresh water in the world, so governments are putting a lot of thought into how to handle water. The UN says that people have basic access to water if they can get clean water within 30 minutes. The goal of saving water was just added to the list of goals for sustainable growth.

On the other hand, a study by the ESRI GIS Company shows that 25% of water points break within the first four years. This is a huge number of fails. Big water companies, especially in South Asia, are being hurt by extreme weather, a lack of water, and crumbling infrastructure. For instance, SADA, a water company in Kedah, Malaysia, has had trouble making sure that water is always available for more than two million people.

The economies of Asia and the Pacific are likely to grow the most

More than 2.1 billion people live in towns in Asia-Pacific. More than two-thirds of these people are likely to live in towns by 2050. There are a lot of non-revenue water (NRW) losses in the region, such as in India (where almost 60% of the water distributed is lost as money) and Singapore. These numbers show how important it is to keep track of water and how the local market could grow. 

IoT platforms are in higher demand in the area because there are more connected devices and IoT technologies are used to manage water. For instance, the Indian start-up Agua Water Systems uses smart systems to keep track of how much water is used. The plug-and-play system uses AI to figure out how much water is being used, how much water is in the pump, and how much water is going to each place. In the process, smart wireless devices like motor controllers, ultrasonic sensors, and flow meters are used.

People are making their homes better with the help of smart water control apps and hardware. This rate of uptake is quickly going up as software and tools get cheaper and easier to get.

Digitization and the use of linked technologies in developing countries are changing how smart water management systems interact with their environments in the residential sector. This changes how smart water management options are used.

Driver: As cities get smarter and more technologically advanced, there is a greater need for smart ways to handle natural water supplies

The world has a problem with the growing demand for (renewable) water resources. This is caused by things like population growth, economic growth, continued urbanization, and a rise in the amount of food each person eats. More than 2 billion people live in places where there isn't enough water, according to the UN World Water Development Report 2021. About 3.4 billion people, or 45 percent of the world's population, do not have access to clean toilets. They thought that by the year 2030, the world would be 40% short of water. With the way they manage water now, countries can't meet the rising demand for water because they don't have enough water resources and the demand is growing. Existing water sources are also overused or not well managed, which causes problems for water companies like NRW losses, contaminated water, and not being able to provide a steady flow of water. Because of this, water companies have to find new ways to use the water they have in a way that is good for the environment and saves money.

Lack of people who know how to use computers

Workforce Renewal and Skills Strategy, published by Energy & Utility Skills in 2017, says that water companies will need 221,000 more workers over the next ten years. The ageing of the workforce, a tight job market, and a lack of professional skills in the workforce all contribute to the gap. Since technologies like smart networks and the Internet of Things (IoT) are used at every level in the utilities sector, everyone who works in water utilities, whether they are new or not, has had to learn new skills right away. During this COVID-19 outbreak, however, it has become important for utility companies to reach out to their most vulnerable customers, try to predict their needs, and offer proactive help, such as different payment options for cash customers and people who are suffering financially. The utilities industry has been put to the ultimate test by the pandemic. It has made it possible for people to use the tools they already have in a more flexible and adaptable way. In this digital age, one of the biggest problems is that water businesses don't have enough people with digital skills. Another reason why millennials don't want to work in the water services industry is that they don't understand why it's growing. The rise of the smart water management market is also slowed by these things.

Opportunities: Smart water management will play a bigger part in the smart city change

Smart tools for economic growth are becoming an important part of urban planning plans all over the world. Smart city efforts began in 2013. They include things like smart energy, smart transportation, smart technology, smart infrastructure, and smart health care. SWM is a part of the smart infrastructure, which treats water and waste water using digital methods. With the growing population, rapid urbanization, rising demand for food, and overuse of resources, smart city projects offer a lot of business opportunities for SWM solution providers. By 2050, 68% of the world's people will live in cities, according to the UN Department of Economic and Social Affairs. Smart water solution providers now have a huge market, and it is very important to measure how much water is used and make accurate estimates about how much water will be used. This makes it important to have smart water systems that can measure the flow, pressure, and distribution of a city's water and use that knowledge to make changes. For example, from July 2020 to December 2023, the IWRA works on its Smart Water Management (SWM) projects with K-water, the Asia Water Council (AWC), and water experts from all over the world.

Challenges: Putting new technology on top of old processes is hard

The water services industry is changing to meet the needs of a very fast-paced and competitive market and to deal with problems in the water sector caused by climate change, infrastructure problems, and droughts, which are causing a lack of water. So, water companies have moved to digital transformation, which is sure to improve how people use water and provide long-term solutions. But change management is one of the problems that water businesses face when they try to adapt old infrastructure to new business and technology needs. Various technology elements, including hardware, software, and network components, require integration with sensors, smart meters, network switches, and valves over the legacy system infrastructure that can create a challenge for solution providers to compel water utilities to implement SWM solutions.

Over the next few years, the Solutions area is likely to grow faster if it has more to offer

As time goes on and technology gets better, water companies are using smart solutions to link their different business processes and grow faster. By mixing different new technologies with the way things are done now, they can make the whole water network work better while spending less money on infrastructure. These technologies and smart networks are used in the business of smart water management to come up with new solutions for customers. During the time frame of the prediction, more people are likely to use smart solutions. This is because people are becoming more aware of the quality of water, natural freshwater resources are becoming scarcer, customer needs are growing, and technology is getting better.

During the time of the forecast, the Commercial and Industrial segment is projected to make up the largest part of the market

In every country, the local government is in charge of getting and distributing water. This is done directly by the government. Water supply systems don't work as well as they could because there isn't enough business in the water field. The public sector doesn't keep an eye on the water supply networks all the time, so there are a lot of leaks and water loss events.

Industries are required to combat many water challenges that include maintaining apt water quality and pressure, disposing industrial wastewater safely in compliance with regulations, and ensuring reduction of process downtime and reduction of production interruptions due to broken assets, such as pumps supplying cooling water or pumping wastewater. As a way to deal with these problems, smart water systems are likely to become more popular among commercial and industrial end users. These ideas can help cut down on billing mistakes, make water use more efficient, find cost-effective solutions, and reduce water costs. In many developing economies, there aren't very good ways to get rid of garbage. For instance, industrial waste is sometimes dumped into natural water bodies by force. This makes it very hard for the government in these places to treat wastewater.

Over the next few years, APAC is projected to grow the fastest by region

APAC is projected to grow at the fastest rate during the time period predicted. The fast growth can be largely attributed to factors, such as a rise in the adoption of smart grid solutions, growth in the levels of urbanization leading to an upsurge in water demands, agricultural production, technological incorporation in the utility sector, and an exponential rise in population. These things have led to a bigger use of technology than in the west, laws that support it, a greater awareness of the need for clean and safe water, and more industrial activities in the area. The smart water management market is expected to grow in APAC because there is a high demand for water efficiency and reusing water resources.

Smart Water Management Systems Market Type Insights:

The market is split into Sensors, Water Meters, Solutions, and Services based on their offers. In the coming years, the solutions segment is likely to have the largest market share. As technology keeps getting better over time, water companies are using smart ways to connect different business processes to speed up their growth. This lets the companies help their customers better.

Even though they only put a small amount of money into the infrastructure, they were able to improve the efficiency of the whole water network by combining a number of cutting-edge technologies with the processes that were already in place. In the smart water industry, these and other types of smart infrastructure are used to come up with unique solutions for clients.

Smart Water Management Systems Market End User Insights:

The market is divided into Commercial, Industrial, and Residential End-Users. The market will be dominated by business and industry. In every country, water supply and delivery are handled by local government. The productivity of water supply is hurt by the lack of privatization in the water sector. Leaks and water loss are common in water supply networks around the world because the government does not keep an eye on them.

Industries must take care of the quality and strength of their water, get rid of their industrial wastewater in a responsible way, and cut down on process downtime and production stops caused by broken assets, like cooling water or wastewater pumps. Smart water solutions will be used by commercial and industrial end-users to optimize water use, reduce inaccurate billing, adopt cost-effective solutions, and reduce water costs. In many developing countries, the methods for getting rid of wastewater aren't very good, and industrial waste is dumped into natural water bodies by force. This makes wastewater treatment a huge problem.

Regional Insights:

Geographically, the global Smart Water Management Systems market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, Middle East, and India. The global region is dominating this market in the upcoming future.

During the time frame of the forecast, North America is projected to have the largest share of the global market for smart water management systems. People in residential parts of North America are starting to see the benefits of smart water management system solutions, like how they help cut down on water waste, improve water quality, stop water from leaking, and keep track of how much water is used. Because of this, the need for these kinds of solutions is growing in North America. This is likely to help the smart water management system market grow.

Due to the growing number of smart cities in places like India, Indonesia, and others, the smart water management system market is projected to grow a lot in Asia Pacific over the next few years. Water resource management is one of the top goals of smart city projects because the number of people living in cities is growing so quickly. In smart cities, smart water management tools will help find leaks, keep track of how water is distributed across the city, and help make decisions about how to manage water. This will directly raise the demand for clean water in cities, as well as for better water management facilities to meet people's basic needs for clean water and cut down on water waste. So, the market for smart water control systems will grow a lot in Asia Pacific over the next few years.
Scope of Report:

Key Vendors:

• IBM
• Aclara Technologies 
• Oracle
• Schneider Electric
• Sensus
• Arad
•  Neptune Technology
• Mueller Water Products
• Arcadis.
• others.

International Business Machines Corporation (IBM), founded in 1991 also known as Big Blue, is an American global technology company with headquarters in Armonk, New York, and operations in more than 175 countries. It focuses on hardware, middleware, and software for computers. It also offers hosting and advising services in areas as diverse as mainframe computers and nanotechnology. IBM is the biggest industrial research organization in the world. It has 19 research facilities in 12 different countries. From 1993 to 2021, IBM held the record for the most U.S. patents created by a business each year.

Aclara is a world-class provider of smart infrastructure solutions (SIS) to more than 800 companies around the world that work with water, gas, and electricity. Smart meters and other field devices, advanced metering infrastructure, software, and services are all part of Aclara SIS. These help utilities predict and react to situations, get the most out of their distribution networks, and talk to their customers. Works on Utility Data Communications, Advanced Metering Infrastructure, Automatic Meter Reading, Smart Grid, Smart Infrastructure Solutions, Software, AclaraConnect, Smart Grid Sensors, and Smart Meters.

Sensus is a brand of Xylem founded in 1870 that helps utilities, cities, industrial complexes, and colleges do more with their infrastructure to improve the quality of life in their communities. Sensus  helps their customers reach more people by using technology and data-driven ideas that make things faster and more flexible. Specialities of sensus are Network Communication, Data Analytics, Smart Grid, Smart Meters, Smart Water Networks, Automation Control, Automatic Meter Reading (AMR), Outdoor Lighting Control, Advanced Metering Infrastructure (AMI), and Demand Response.

Neptune technology: The Company Neptune Technology Group Inc. founded in 1892. The utility company many firsts in the business, like the solid state absolute encoder register, which is the basis of smart water metering. Neptune's history in the water business is built on being loyal to their customers and being a good caretaker. It's a story that goes back more than a hundred years. The technology company Neptune Technology Group Inc. works with more than 4,000 water companies in North America. Make data useful by using software and hardware tools that work well and are linked by a smart network. The knowledge and experience are focused on the business of water, so we can use this to make data useful.

Mueller Water Products, Inc. (MWP), based in Atlanta, Georgia, is a public company with a stock market. It is one of the biggest companies in North America that makes and sells fire hydrants, gate valves, and other parts of the water infrastructure. The Mueller Co. and Mueller Technologies business units of MWP are in charge of more than a dozen names and affiliates, such as Echologics and Mueller Systems.

Industry Development:

In March 2021, Schneider Electric partnered with SUEZ SA, an industrial water and process technology company, to help global water operators and industrial companies accelerate their digital transformation by providing innovative software solutions for operations, planning, maintenance and optimization of the water treatment foundation facility.

Market Segmentation: 

By Type               

• Solution

• Solution Type

• Hardware
• Software

• Service
• Service Type
• Professional Services
• Managed Services

Application       

• Water Pipeline Monitoring & Leak Detection
• Water Level Monitoring and Dam Management
• Water Consumption & Distribution
• Irrigation Management
• Waste Water Monitoring
• Others

End Use

• Commercial
• Public Sector
• Residential

Regional Insights:

• North America

• US
• Canada
• Mexico
• Rest of North America

• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries

• Denmark
• Finland
• Iceland
• Sweden
• Norway

• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe

• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Conclusion:

In the coming years, the solutions segment is likely to have the largest market share. As technology keeps getting better over time, water companies are using smart ways to connect different business processes to speed up their growth. This lets the companies help their customers better.

Furthermore, on the basis of the geography the market is divided into North America, Europe, Asia-pacific, The Middle East & Africa and Latin America. During the time frame of the forecast, North America is projected to have the largest share of the global market for smart water management systems. People in residential parts of North America are starting to see the benefits of smart water management system solutions, like how they help cut down on water waste, improve water quality, stop water from leaking, and keep track of how much water is used. Because of this, the need for these kinds of solutions is growing in North America. This is likely to help the smart water management system market grow.