Smart Water Management Market 2023 [Future SCOPE] is Going to Boom with Rate (CAGR) of 14.6% 2031

A reputable market research company just released a thorough analysis on the global Smart Water Management Market, forecasting huge development opportunities. The market is expected to reach a valuation of $37,983.8 million by 2030, exhibiting a strong compound annual growth rate (CAGR) of 14.6% from 2022 to 2030, according to the analysis.

One of the main forces driving market expansion is the increased demand for high-quality water services. The demand for effective and sustainable water management systems has become important as a result of growing population and industrialization. Smart water management technologies enable utilities and authorities to guarantee the availability and quality of water supplies while minimising waste and inefficiency. These technologies also offer enhanced monitoring, control, and optimisation capabilities.

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The deployment of smart water management systems is also being driven by the need to replace ageing water infrastructure. Water loss, leakage, and poor service delivery are caused by antiquated water distribution networks and infrastructure around the world. Real-time monitoring and preventative maintenance capabilities offered by smart water management solutions allow for the proactive detection and repair of infrastructure concerns, increasing the effectiveness and dependability of water supply systems.

The report also emphasises the utilities industry's increasing digitalization as a key driver of market progress. Internet of Things (IoT) solutions are being used more and more by utilities firms to improve service delivery and streamline operations. In order to offer real-time monitoring, remote control, and data-driven decision-making, smart water management systems incorporate IoT sensors, data analytics, and cloud-based platforms. This improves efficiency, sustainability, and customer happiness.

The adoption of smart water management systems is also being greatly influenced by government policies and regulations. Governments all across the world are putting policies and rules into place to encourage water conservation, lessen waste, and improve the management of water resources. Utilities and businesses are being encouraged to invest in smart water management systems by financial incentives, subsidies, and stringent environmental regulations.

This in-depth market research study offers useful information on significant business trends, market dynamics, and expansion prospects, enabling stakeholders to make strategic business decisions in the fast developing global smart water management market.

Highlighted with 96 tables and 72 figures, this 193-page report “Global Smart Water Management Market 2022-2030 by Offering (Water Meters, Software and Solutions, Service), Application (Residential, Commercial, Industrial), and Region: Trend Forecast and Growth Opportunity” is based on comprehensive research of the entire global smart water management market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2019-2021 and provides forecast from 2022 till 2030 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:

• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global smart water management market in every aspect of the classification from perspectives of Offering, Application, and Region.

View Report Scope and Latest Developments in the Market: MW Link https://www.marketwatch.com/press-release/smart-water-management-market-2022-future-scope-is-going-to-boom-with-exhibiting-a-strong-compound-annual-growth-rate-cagr-of-146-2032-2023-06-02?mod=search_headline

Based on Offering, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.

• Water Meters

o             AMR/AMR+ Water Meters

o             AMI Water Meters

• Software and Solutions

o             Asset Management

o             Distribution Network Monitoring

o             Supervisory Control and Data Acquisition (SCADA)

o             Meter Data Management (MDM)

o             Analytics

o             Other Solutions

• Service

o             Managed Services

o             Professional Services

By Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.

• Residential Use
• Commercial Use
• Industrial Use

Geographically, the following regions together with the listed national/local markets are fully investigated:

• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE，Saudi Arabia， South Africa and Rest of MEA)

For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2019-2030. The breakdown of all regional markets by country and split of each national market by Offering and Application over the forecast years are also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players:

• ABB Ltd.
• Arad Group
• Esri Inc.
• General Electric Co.
• Hitachi Ltd.
• Honeywell International Inc.
• Huawei Technologies Co., Ltd.
• i2O Water Ltd.
• IBM Corporation
• Itron Inc.
• Schneider Electric SA
• Sensus Inc. (Xylem Inc.)
• Siemens AG
• Suez Group
• TaKaDu Limited

View Complete TOC and Figures & Graphs of Smart Water Management Industry Report https://marketdatalibrary.com/free-customization/4106

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