Exploring the Growth Opportunities in the Smart Water Grid Market from 2022 to 2032

In 2021, the global smart water grid market was valued at around US$ 18,664.5 Million, with a CAGR of 16.8% expected to reach US$ 101,248.3 Million by 2032. Because of its cost-effectiveness, efficiency, time and energy savings, and dependability, smart water grid technology is expected to gain popularity.

Some of the cutting-edge features in smart water grid that are expected to drive the market are demand prediction, real-time sensing, quality monitoring, ease of detecting leaks and bursts, support for planning and operations, and assistance in reducing water loss.

Water utilities are automating, controlling, automating, designing, and other aspects of their operations to save money and reduce their carbon footprint. Remote maintenance, monitoring, and tracking are becoming increasingly important as the smart water grid is integrated with information and communication technologies.

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Some of the factors driving the growth of the smart water grid market include increased emphasis on improving water management and supply, the development of accurate billing methods, and the reconstruction of old water infrastructure.

Municipalities throughout the world are focusing on implementing smart water grid technology, which can integrate information and communication technologies into a single smart water management scheme, increasing efficiency. Increased investment in repairing old water infrastructure and improving water distribution systems is also driving the market for smart water grid.

Key Highlights on the Global Smart Water Grid Market

The global market for smart water grid is segmented on the basis of application, technology, and region. On the basis of region, North America is expected to remain dominant in the global market for smart water grid throughout the forecast period 2017-2026. Owing to the advancement in technologies, increasing initiatives by the government to improve water infrastructure and stringent regulations, North America is witnessing a significant growth in the smart water grid market.

Meanwhile, Asia Pacific Excluding Japan (APEJ) and Europe are also likely to witness the growth in the market during 2017-to 2026. Due to the increasing demand for new installations for water supply, and the increasing awareness about using smart water grid in order to conserve the limited fresh water are fueling the growth in APEJ. While, Europe is witnessing rise in the water infrastructure development and strong government support, thereby resulting in the increasing deployment of smart water grid.

On the basis of technology, the market is segmented into design & engineering, ICT & analytical software, smart infrastructure, and control & automation. Among these, smart infrastructure is expected to witness the highest growth in the global market for smart water grid. By the end of 2026, smart infrastructure is projected to exceed US$ 2,200 million revenue.

Based on the application, the market segment consists of commercial, residential, and utility. Smart water grid is expected to find the largest application in the utility segment. By 2026 end, utility is estimated to bring in nearly US$ 24,900 million revenue. Meanwhile, commercial segment is also likely to witness robust growth in the global market for smart water grid.

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Key Players Competing to Sustain in the Market

Siemens AG, Itron Inc., Sensus Worldwide Holdings Ltd., Badger Meter, Inc., Neptune Technology Group Inc., Schneider Electric, Toshiba Corporation, The Whitmore Group Arqiva, Wetsus, ABB Group, ICT, co., Ltd., Prezi Inc., and Xinapse Systems Ltd., are some of the key players operating in the global smart water grid market.

Market Taxonomy

Market Taxonomy

Technology:

  • Smart Infrastructure
  • Control & Automation
  • ICT & Analytical Software
  • Design & Engineering

Application:

  • Residential
  • Commercial
  • Utility

Region:

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

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Table of Content

  1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

  1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

  1. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

  1. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product USPs / Features

4.3. Strategic Promotional Strategies

  1. Global Smart water grid Market Demand Analysis 2012 – 2021 and Forecast, 2022 – 2032

5.1. Historical Market Volume (Units) Analysis, 2012 – 2021

5.2. Current and Future Market Volume (Units) Projections, 2022 – 2032

5.3. Y-o-Y Growth Trend Analysis

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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