Global Smart Water Management Market is valued USD 11.43 Billion in 2019 and is projected is to exhibit 17.9% CAGR during the forecast period. The market is projected to be around USD 36.21 Billion by 2026. The market is driven by the rapid growth in urbanization and industrialization.

The smart water meter can be used for non-revenue water problem detection and identifying leakage in infrastructure. Smart water management is a technology used for receiving, sharing, and analyzing data from water equipment and water networks. Furthermore, automated meter reading technology provides solutions and services such as advanced analytics and network monitoring. It also helps to identify problem areas within the water management system.
Smart Water Management Market Dynamics
The factors that drive the market growth are such as the rapid growth in urbanization and industrialization. Growing consumption of water in industries such as food & beverage, automotive, manufacturing, construction, and the chemical is expected to drive the market growth. Furthermore, Technological advancement and growing non-government body initiatives to save water are expected to propel market growth across the forecast period.

Smart water management is the ensuing big thing because of the rising water scarcity and the need for water conservation around the world. Various organizations and governments across the globe are under immense pressure to meet the growing demand for water. At the same time, the lack of expertise and the requirement of high initial cost are some factors that are expected to restrict the growth of the market during the forecast period.
Smart Water Management Market Insight
North America is expected to hold the largest market share of smart water management, followed by Europe. On account of the adoption of advanced meter infrastructure technology by various organizations. The major drivers responsible for the growth of smart water management solution in North America are the sustainable energy demand, technological advancements, and reducing aging infrastructure demands. The smart water management in Latin America, Asia-Pacific (APAC) is anticipated to witness a high growth rate due to the demand for infrastructural projects for asset management capabilities across departments, facilities, and business units.
Smart Water Management Market Segmentation
The global Smart Water Management Market is segmented into advanced water meters, solution, services and region. On the basis of the advanced water meters the market is further divided into meter type and meter read technology. The meter type is further segregated into AMR meters, AMI meters. Also meter read technology are further segmented into fixed network, cellular network. Based on the solution the market is segmented into enterprise asset management for water and wastewater utilities, network monitoring, advanced pressure management, SCADA systems for water and wastewater utilities, advanced analytics, meter data management (MDM) for water, residential water efficiency, smart irrigation management systems. Based on the services the market is further divided into value management, pipeline condition assessment, hydrant management, information management. And based on the geography the market is further segregated into North America, Latin America, Europe and Asia Pacific.
Smart Water Management Market Competitive Landscape
The industry is very competitive due to the presence of some dominant smart water management device manufacturers and service providers in the market. The key players in aviation IoT market are listed as ET Water Systems LLC, Schneider Electric SA, Evoqua Water Technologies, General Electric Co., i2O Water Ltd., TaKaDu Ltd., Itron Inc., IBM Corp., and Arad Metering Technologies, and Other. Furthermore, new entrants are focusing on offering a broad array of components and subsystems that are designed specifically for aviation IoT ecosystem.