The UK smart water management market is estimated to grow at a CAGR of 11.9% during the forecast period. UK smart water management is expected to have significant growth rate due to its planned water management hierarchy, the country ensures to manage the water collected in an organized manner in order to reduce the water wastage efficiently. Thames Water is the largest water and wastewater services provider in UK serving 15 million customers across London and the Thames Valley, every day. As per UK government, it is estimated that in 2020, around 133 million litres of water will be consumed daily by Thames Water customers, while by 2040, that number will rise significantly to 414 million. 

Moreover, the increasing public sector expenditure on water supply offers a substantial growth opportunity to the smart water management market in UK. As per the government of UK the public sector spending on water supply was $646 million in 2015 that increased to $872 million in 2018. Moreover, various companies and government collaborate to provide smart water management solution in UK. For Instance, Sensus Communication Technology provides support to the UK government for its project. The project intended to the installation of smart meters in millions of homes and small businesses in 2020. These types of partnerships propel the growth of the UK smart water management market.

As a result of the growing population, it is estimated that demand in UK for water will exceed supply by 10% by 2025. In addition, climate change poses a threat to UK’s flood-prone areas. Smart technology has not been used to its absolute potential to address these challenges and therefore presents opportunities for the market, for instance to provide water utility companies with solutions in the areas of smart leakage detection, smart metering, data analytics, and smart flood risk management. The key players of UK smart water management include I2O WATER, LTD., Pentair PLC, Casperon, Veolia, HONEYWELL INTERNATIONAL, INC., Schneider Electric SE and Siemens AG. 

Research Methodology

The market study of the UK Smart Water Management market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown 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 macro-economic 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 authenticity to our reports.

Secondary Sources Include

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

The report is intended for the electronic industry, ICT (Information and Communication Technology) and other related companies for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. UK  Smart Water Management Market Research and Analysis by Product

2. UK  Smart Water Management Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the UK Smart Water Management 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 UK Smart Water Management market.
• Insights about market determinants which are stimulating the UK Smart Water Management market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.