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 : May, 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

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?