Smart water management is defined as a process of collecting, sharing and analyzing data from water equipment and networks. The system is useful in locating leaks in reservoirs, lowering energy use, and predicting equipment failure. The depletion of water resources has brought up awareness among the people for proper management to reserve water. A number of organizations have started the usage of smart water management systems in order to reduce water shortages and improve operations. The demand for smart water management has been growing in the recent past due to factors such as water scarceness, water pollutions, and insufficient water supplies across the globe. The introduction of smart meters which use two-way communications for monitoring and controlling water flow has fueled the market for smart water management. These advanced meters also feature properties such as pressure control, security, and quality sensors to meet the needs for clean and sanitized water. However, the lack of knowledge in order to increase efficiency can pose a threat to the growth of the market.

The smart water management market has been segmented on the basis of product and applications. The market has been further sub-segmented to hardware and software. Hardware includes automated meter reading (AMR) meters, advanced meter infrastructure (AMI) meters, and other network meters. AMI meters are anticipated to have considerable share in the market during the forecast period attributed to its features such as accurate meter readings, energy voltage detection and reaction to power outgas, financial, and security. Additionally, the utilization of AMI meters allows users to control electricity consumptions, costs, and bills. On the basis of application, the market has been categorized into residential, commercial, and industrial.

The smart water management market is segmented on the basis of regions includes North America, Europe, Asia-Pacific, and Rest of the world (RoW). North America is expected to have considerable market share attributed to its prolonged efforts in conducting awareness programs across countries such as the US and Canada to preserve water resources. Asia-Pacific region is anticipated to witness significant growth in the market attributed to government efforts in countries such as China and India in order to maintain water resources. Furthermore, many international organizations have brought up investments in the region to improve the crisis of water management in the region. Some of the major players in the smart water management market include Schneider Electric SA, Honeywell International, Inc., SUEZ Group, Badger Meter, i2O Water Ltd., ET Water Systems LLC, TaKaDu Ltd., and Itron Inc. The increasing number of international firms has led to increased competition and high initial investment. Company acquisitions and partnerships are the business strategies undertaken by various companies to stay competitive in the market.

Research Methodology:

The market study of the smart water management system market is incorporated by extensive primary and secondary research conducted by a research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Authentic public databases
• Whitepapers, research-papers and news blogs
• Company websites and their product catalog

The report is intended for water management solution providers, research organizations, investment companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.

Market Segmentation:

• Global smart Water management system Market by Product
• Global smart Water management system Market by Application

The Report Covers:

• Comprehensive research methodology of the smart water management system market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global smart water management system market.
• Insights about market determinants which are stimulating the global smart water management system market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.