Increasing Adoption of Advanced Water Management Systems is Driving Germany Smart Water Management Market

Germany smart water management market is anticipated to grow at a considerable CAGR of 7.9% during the forecast period (2024-2031). The market growth is driven by the increasing adoption of advanced management systems and government initiatives for the adoption of smart solutions. In addition, the country also launched a program to fund small grid pilot projects. Germany smart water management market is segmented by product (hardware, software, and services), and by application (residential, commercial, and industrial).

Market Dynamics

In 2023, the Federal Cabinet adopted the National Water Strategy to usher in water transition and step up the pace of transformation in the water sector. The government lays down various action points under the plan, of which building water smart cities is prominent. This will review the existing technical guidelines will be reviewed to determine whether they contribute to the preservation of the natural water regime, climate adaptation, and urban nature, and will be revised where necessary.

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The commercial and industrial segment is expected to hold the major market share during the forecast period. Water management by municipal corporations and other government bodies is subject to various challenges including insufficiency. The lack of constant public sector supervision for water delivery globally has increased the frequency of leakage. Thus the commercial and industrial segment is expected to rise.   

The major players in the Germany smart water management market include ABB, Elster Group SE, General Electric, Global Water Management, i2O Water Ltd, IBM Corporation, Itron, Neptune Technology Group, and Oracle Corp., among others. The market players are contributing significantly to the market growth, by the adoption of various business strategies, such as collaborations, mergers and acquisitions, product portfolio diversification, and more. 

Recent Developments 

• In January 2024, ABB acquired Canadian company Real Tech to expand its strong presence in the water segment, by integrating them with optical sensor technology to offer smart water management. 

• In December 2023, the government in the Mediterranean region launched the EU-funded OurMED project, led by the UFZ. The project aims to integrate water management concepts for eight demonstration sites across the Mediterranean by June 2026. 

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