What is the current Smart Water Management Market size?

The Smart Water Management Market is projected to register a CAGR of 13.89% during the forecast period (2024-2029) Read More

Who are the key players in Smart Water Management Market?

ABB Ltd, IBM Corporation, SUEZ Group , Honeywell International Inc. and Schneider Electric SE (+AVEVA) are the major companies operating in the Smart Water Management Market. Read More

Which is the fastest growing region in Smart Water Management Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Smart Water Management Market?

In 2024, the Asia Pacific accounts for the largest market share in Smart Water Management Market. Read More

What years does this Smart Water Management Market cover?

The report covers the Smart Water Management Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Smart Water Management Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the future trends in the Smart Water Management Market?

Future trends in the Smart Water Management Market include a) The integration of AI and machine learning for predictive analytics b) Increased adoption of cloud-based solutions c) Development of more advanced IoT devices for real-time monitoring Read More

Smart Water Management Market Report | Industry Analysis, Size & Growth Trends

Smart Water Management Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Smart Water Management Market Report Covers Smart Water Technology and is Segmented by Type (Solution (Asset Management, Distribution Network Monitoring, SCADA, Meter Data Management, Analytics), Services (Managed Services/Professional Services)), End-user Vertical (Residential, Commercial, Industrial), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa). The market sizes and forecasts are provided in terms of value in USD for all the above segments.

Smart Water Management Industry Overview

The Smart Water Management Market studied comprises several global players and emerging new players vying for attention in a fairly-contested market space. The firm concentration ratio is expected to grow more during the forecast period because several firms consider this market a lucrative opportunity to consolidate their offerings. Various companies are launching new and advanced products in the market.

In May 2023, Lumus Technology (Houston) announced its agreement with Siemens Energy to acquire assets from its water solutions portfolio, including intellectual property and trade secrets, copyrights, and research and development properties.

In April 2023, ABB announced to invest approximately USD 170 million in the United States, creating highly skilled jobs in innovation, manufacturing, and distribution operations. The company is committed to growing in the states by investing in its electrification and automation businesses that meet increased demand from end-user industries.

In April 2022, Suez Group announced the launch of AssetAdvanced, a decision-support platform. The deployment of this platform will enable water service and sanitation managers to not only expand their knowledge of current assets but also reduce risks and cost overruns from infrastructure failures, allowing them to make informed decisions on future investments.