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Published Date: 2014-06-26Number of Pages: 92

Smart Water Management Market (Component Types - Hardware, Solutions, Services; Meter Read Technology - Fixed network, Cellular network) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2013 - 2019

Global Smart Water Management Market: Snapshot

The high operating cost of water management is boosting the demand for smart water management. Other key factors fueling the need for smart water management include growing cost of energy, tightening regulations, financial crunch, and a need for managing cost. Extremely high energy consumption and thus, high cost have been observed at water facilities and this is becoming a concern worldwide, leading to the advent and high adoption of smart water management. Government support is another encouraging factor propelling the growth of this market. The large amount of energy consumed is pushing governments across the globe to implement smart water management solutions.

Automation Having Positive Impact on Smart Water Management Market

The increasing use of automated meter reading technology is driving the growth prospects of the global smart water management market. Many utilities worldwide are now making use of automated meter reading technology to manage water resources for energy production. Automated meter have helped many countries collect data which is then used for improving customer services apart from helping them to manage high consumption periods. Use of automated smart meters for water management has also helped utilities to mitigate issues relating to non-usage periods.

Ability to Perform Theft and Leak Detection to Drive Demand for Smart Water Management

The need to save water as fresh water is a limited resource is now being felt across the globe and this is increasingly becoming a challenge with the rise in population and heightened use of water by industrial and residential sectors. It is thus driving water regulatory bodies to implement smart water management in utilities so as to manage processes and distribution channel efficiently and optimally. Most importantly, the implementation of these systems helps in detecting any form of theft and leaks.

In addition to this, smart water management helps bring about an overall reduction in maintenance and repair costs, minimize the energy required for pumping the water at utilities, and reduces non-revenue water (NRW). The growing need for mapping water resources and ageing water infrastructure are some of the other factors aiding the growth of the global smart water management market. Solution such as supervisory control and data acquisition, advanced metering infrastructure, and meter data management are gaining traction and being accepted globally by utilities sector. In addition to this, new solutions such as smart irrigation an dnetwork monitoring shall drive the growth prospects of this industry.

North America Receives Boost from Regulatory Bodies and Continues to Lead in Market

On the basis of geography, the region that has been most lucrative in the smart water management market is North America. The market in North America is anticipated to continue to hold a dominant position for the rest of the forecast period on account of the evolution of smart cities in this region coupled with strict government regulations. Water authorities in the region is proactively encouraging the adoption of smart water management technology for streamlining the operations. Asia Pacific on the other hand, is estimated to display the fastest growth rate in the coming years. Scarcity of potable water resources and large amount of water loss in the agriculture sector on account of over watering are some of the factors expected to drive the adoption of smart water management in the region.

In urban areas, water is the most neglected natural resource. Smart water solutions and services are still struggling for rapid adoption in major part of the globe owing to lack of regulatory support from the governments in some regions such as Africa, and Western Asia among others. Aging water infrastructure especially in developed economies such as the U.S.A., Canada, and Germany among others is a major driver for adoption of smart water technology solutions. Aging water infrastructure results in bursts, pipe leakage, and increased customer complaints. Water regulatory bodies are mandating stricter environmental standards related to smart water management which is another important driver for this market. Smart water management market is expected to witness substantial growth in the coming years due to stricter environmental standards mandated by water regulatory bodies across the globe and need to minimize water loss and non-revenue water (NRW). Sustainable water management policies are high on the agenda of various governments across the world. Adverse effects of climate change such as risk of flooding, rising sea levels, and longer drought periods have affected the availability of fresh water resources needed to maintain economic growth and increasing populations.
The major reason for growing demand for smart water management in urban area is increasing urban population. In 1900, about 13% of people lived in cities; however, this has gone up to over 50% and in 2013 is further expected to reach nearly 70% by 2050. These issues are compounded by aging pipe networks in various established cities. In London, for instance, around 40% of pipes are more than 100 years old. According to a survey conducted at the District of Columbia Water and Sewer Authority, the average age of pipes was 76 years with some pipes having been laid more than a century ago. IBM’s smart water management system is helping Sonoma County Water Agency (SCWA) meet California’s goal for all its water agencies to reduce water use by 20% by 2020. The system uses a real time collaboration platform to help balance environmental, agricultural and other needs in the Russian river water system allowing SCWA to make dynamic, informed decisions about resource allocation.
The report includes segmentation of smart water management market by component, by meter read technology, and by geography. Further, it provides current market size and forecast in terms of revenue for the aforementioned categories. Cross sectional analysis for component and geography segments is a part of the scope. Factors influencing and inhibiting the growth of the market have been analyzed. Porter’s five forces analysis offers insights on market competition. 
Smart water management is equally important for both developed and developing nations. At present, the focus is more on adopting meter data management (MDM), SCADA (supervisory control and data acquisition), and advanced water meter solutions for water utilities across many countries. The trend is expected to change from traditional water management technologies gradually to smart technology solutions such as advanced pressure management, analytics and distribution network monitoring. For distribution network, the adoption of cloud-based solutions which require no capital expenditure from utility’s end is expected to witness greater grip in the coming years. The use of smart water management technology solutions across water utilities is expected to rise globally during the forecast period.
This study includes profile of key players in the market and the strategies adopted by them to sustain the competition. Recent developments and barriers of the market will help emerging players to design their strategies in an effective manner. The study is expected to help key players providing smart water systems and solutions formulating and developing their strategies. The global SWM market is fragmented in nature with a large number of local players across different geographies. Majority of the market share was held by local and regional players offering solutions and services for smart water management. Other players in the market include Arad Metering Technologies, Itron Inc., ABB Ltd., Sensus USA Inc., Schneider Electric SA, I2O Water Ltd., General Electric Company, and TaKaDu Ltd.
The global market for smart water management is segmented as follows:
Smart water management market analysis, by component
  • Hardware
    • AMR
    • AMI
    • Others
  • Solutions
  • Services
Smart water management market analysis, by meter read technology
  • Fixed Technology
  • Cellular Technology
Smart water management market, by geography
  • North America
  • Europe
  • Asia-Pacific
  • RoW (Rest of the World) 

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