Smart Water Management Market: Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2019 - 2029

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Smart Water Management Market: Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2019 - 2029

Status : November, 2021 | Technology & Media

Report Digest


Global Smart Water Management Market: Overview

The global smart water management market is set to witness an increase in its market worth over the forecast period of 2019 to 2029. TMRR notes that it will be a result of moderate but steady growth rate projected for the market over this period. It also delineates how the market is driven by a slew of trends and drivers.

Foremost among the numerous growth factors are climate volatility, increase in awareness regarding water scarcity and need for conservation, and ageing infrastructure that has a massive bearing on the smart water management market. Besides, governments across the world are coming up with stringent regulations such as the California Water Conservation Act that is contributing positively to growth in the global smart water management market.

Global Smart Water Management Market: Competitive Landscape

Multiple growth strategies are being opted for by players operating in the competitive landscape of global smart water management market. These emerge from across the organic and inorganic spectrum.  Some of the most notable ones are improving reduction in leakage, technological advancement, key alliances, and mitigate waste reduction.

Top players operating in the highly fragmented vendor landscape of global smart water management market are:

  • ABB Ltd
  • Aclara
  • Badger Meter
  • Cisco
  • Elster
  • General Electric (GE)
  • HydroPoint Data Systems Inc.
  • IBM Corporation
  • Itron
  • Mueller Systems
  • Oracle
  • Schneider Electric
  • Sensus
  • Siemens AG
  • Tata Consultancy Services

Global Smart Water Management Market:  Key Trends and Drivers

The global smart water management market is growing at the back of a number of trends and drivers. Transparency Market Research provides a deep down into market growth dynamics. A peek into these growth factors is outlines below:

  • Population across the world is growing and this factor is stressing the scarce resource of water. This is driving demand for smart water management world over. By 2050, global population will touch the high mark of 9.7 billion. Currently, the world population is 7.7 billion and that means that an increase of 2 billion will be noted in the intermediate period. This will be a notable contributor to growth in the global smart water management market.
  • Governments across the world are trying to push smart water management in order to manage scare resources. In places, that are witnessing rapid industrialization and urbanization, it gains centre-stage. Additionally, it is worth noting here that in a number of countries such as India, smart city development is underway. This is set to drive growth in the smart water management market over the forecast period.

Global Smart Water Management Market:  Regional Analysis

Over the forecast period, in global smart water management market, North America would top the regional charts while Asia Pacific (APAC) will emerge as a fast growing region. In the former, factors of growth include notable incubation facilities and financial incentives. In the latter, scarcity of water and increase in investment is leading to growth in the regional market. It is pertinent to note here that in Asia Pacific region, rapid industrialization is also leading to high demand for water and this is leading to governments investing in the right kind of infrastructure and smart products. Development of smart cities is also set to drive growth in the regional smart water management market.

Global Smart Water Management Market Segmentation:

By Component

  • Devices
  • Solutions
  • Services

By Technology

  • Fixed Network
  • Cellular

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?