Smart Water Network Monitoring Market Size & Growth Report to 2030

The global smart water network monitoring market size is anticipated to register a considerable CAGR of xx.x% during the forecast period from 2023 to 2030. The growth of the market is driven by factors such as increasing water scarcity concerns, aging water infrastructure, and the need for efficient water resource management. Stricter regulations, cost savings, and operational efficiency also contribute to the adoption of these solutions. Advanced data analytics and AI technologies enable real-time monitoring, predictive modeling, and actionable insights. Furthermore, the focus on environmental sustainability, the demand for smart cities, and the potential for significant cost savings drive the implementation of smart water network monitoring solutions. These factors collectively propel the growth of the market and address water management challenges effectively.

Driving Factors:

Water Scarcity and Resource Management: The increasing global population, urbanization, and industrialization are putting pressure on water resources. Smart water network monitoring solutions help optimize water usage, detect leaks, and manage water distribution, contributing to efficient water resource management and addressing water scarcity challenges.

Aging Water Infrastructure: Many water distribution networks are aging and prone to leaks, pipe bursts, and inefficiencies. Smart water network monitoring technologies enable real-time monitoring of infrastructure, early detection of issues, and proactive maintenance, minimizing water losses and improving infrastructure performance.

Regulatory Compliance: Governments and regulatory bodies are implementing stricter regulations to ensure water quality, reduce non-revenue water, and minimize environmental impacts. Smart water network monitoring solutions help water utilities and industries meet these compliance requirements by monitoring water quality, leak detection, and asset management.

Cost Savings and Operational Efficiency: Smart water network monitoring solutions enable proactive leak detection, efficient water distribution, and optimized asset management. By reducing water losses, improving maintenance practices, and streamlining operations, organizations can achieve significant cost savings and enhance overall operational efficiency.

Advanced Data Analytics and AI: The advent of advanced data analytics and artificial intelligence (AI) technologies has enhanced the capabilities of smart water network monitoring. These technologies enable real-time data analysis, predictive modeling, and actionable insights, empowering water utilities and industries to make informed decisions and optimize their operations.

Environmental Sustainability: Smart water network monitoring solutions support environmental sustainability by reducing water wastage, minimizing energy consumption, and lowering greenhouse gas emissions. By improving water management practices, these solutions contribute to sustainable water resource usage and conservation.

Increasing Demand for Smart Cities: The development of smart cities is gaining momentum worldwide. Smart water network monitoring solutions are integral to the infrastructure of smart cities, as they provide efficient water management, enable data-driven decision-making, and enhance the overall quality of life for residents.

Market Insights:

Global Smart Water Network Monitoring Market Analysis by Component

The global smart water network monitoring market is bifurcated into component, technology, application, end-user, and geography. On the basis component, the software segment has been emerging as a dominant and crucial component in smart water network monitoring systems. Software solutions play a vital role in collecting, processing, analyzing, and visualizing the data generated by the hardware components. They enable real-time monitoring, data management, advanced analytics, and decision-making, providing actionable insights to water utilities and other stakeholders.

The dominance of the software segment can be attributed to several factors. Firstly, advancements in data analytics, machine learning, and artificial intelligence technologies have enhanced the capabilities of software solutions, allowing for more accurate and intelligent monitoring and control of water networks. Furthermore, software solutions enable remote monitoring and control, facilitating efficient management of distributed and geographically dispersed water infrastructure. They offer features such as leak detection algorithms, predictive maintenance, and optimization algorithms, which help reduce water losses, improve operational efficiency, and prioritize maintenance activities.

Hardware: This component encompasses the physical devices and equipment used in smart water network monitoring systems. It includes sensors, meters, data loggers, communication modules, and other hardware components that collect data and facilitate communication within the network.

Software: The software component comprises the applications, platforms, and tools used for data management, analytics, visualization, and control in smart water network monitoring systems. It includes software solutions that process and analyze the collected data, generate insights, and enable decision-making for efficient water management.

Services: Services play a crucial role in the implementation, operation, and maintenance of smart water network monitoring systems. This component includes installation, integration, training, consulting, and support services provided by vendors or third-party service providers. Services ensure the successful deployment and ongoing functionality of the monitoring solutions.

Global Smart Water Network Monitoring Market Analysis by Application

On the basis of application, the global smart water network monitoring market is bifurcated into leakage detection, water quality monitoring, flow monitoring, pressure management, and asset management. The leakage detection tends to emerge as a dominant and crucial application in smart water network monitoring systems.

Leakage detection is a critical concern for water utilities as it directly impacts water conservation, operational efficiency, and financial sustainability. Water loss through leaks in distribution networks can be substantial, leading to increased costs, resource wastage, and potential infrastructure damage. As a result, the ability to detect and locate leaks accurately and promptly is of paramount importance.

Smart water network monitoring systems offer advanced sensors, data analytics, and algorithms that can detect anomalies, abnormal flow patterns, or pressure variations that indicate potential leaks. These systems provide real-time monitoring and alerts, enabling swift response and proactive maintenance to minimize water losses and prevent further damage.

The dominance of leakage detection as a segment can be attributed to several factors. Firstly, it addresses a critical and immediate need for water utilities, aligning with their goals of reducing non-revenue water and optimizing water distribution. Furthermore, leakage detection directly contributes to water conservation efforts and supports sustainability objectives.

Additionally, leakage detection solutions often leverage advanced technologies such as acoustic sensors, pressure sensors, and data analytics algorithms, making them increasingly accurate and efficient. They can detect both visible and hidden leaks, facilitating proactive and targeted maintenance actions.

Leakage Detection: This application involves the use of smart water network monitoring systems to detect and locate leaks in the water distribution network. Advanced sensors, data analytics, and algorithms help identify abnormal flow patterns or pressure variations that indicate potential leaks, enabling proactive maintenance and reducing water losses.

Water Quality Monitoring: Smart water network monitoring systems are utilized to monitor and assess various parameters related to water quality, such as pH levels, turbidity, chlorine concentration, and the presence of contaminants. Continuous monitoring ensures compliance with water quality standards and allows for early detection of water quality issues for prompt remediation.

Flow Monitoring: Flow monitoring focuses on measuring and managing the flow rates of water within the distribution network. By continuously monitoring flow rates, anomalies and inefficiencies can be identified, allowing for optimized water distribution, demand management, and conservation efforts.

Pressure Management: Smart water network monitoring systems are employed to maintain optimal pressure levels in the water distribution network. Monitoring and controlling pressure help minimize leaks, pipe bursts, and other issues caused by excessive or inadequate pressure, improving the overall efficiency and reliability of the water network.

Asset Management: This application involves monitoring and managing water infrastructure assets such as pumps, valves, storage facilities, and treatment plants. Smart water network monitoring systems enable real-time monitoring of asset performance, predictive maintenance, and asset optimization, ensuring efficient utilization and prolonging the lifespan of critical infrastructure.

The smart water network monitoring market research report presents the analysis of each segment from 2020 to 2030 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2030.

Historical & Forecast Period

• 2020-21 – Historical Year
• 2022 – Base Year
• 2023-2030 – Forecast Period

Market Segmentation:

By Component:

• Hardware
• Software
• Services

By Technology:

• Advanced Metering Infrastructure (AMI)
• Supervisory Control and Data Acquisition (SCADA)
• Network Monitoring
• Data Analytics

By Application:

• Leakage Detection
• Water Quality Monitoring
• Flow Monitoring
• Pressure Management
• Asset Management

By End-User:

• Water Utilities
• Industrial
• Commercial
• Residential

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Geographic Coverage

On the basis of region, North America holds the largest revenue share of the global smart water network monitoring market in 2022 and is anticipated to grow significantly over the forecast period. The region has well-established water infrastructure systems, often characterized by aging networks. This has created a strong demand for smart water network monitoring solutions to address issues such as leak detection, water quality monitoring, and asset management. Furthermore, there has stringent regulations pertaining to water quality, conservation, and infrastructure management. Compliance with these regulations drives the adoption of smart water network monitoring solutions to meet the required standards and minimize water losses.

The region is known for its technological advancements and research capabilities. This has facilitated the development and deployment of advanced technologies such as sensor networks, data analytics, and cloud-based platforms, which are essential components of smart water network monitoring systems. Furthermore, the governments in North America, at both federal and local levels, have launched initiatives and funding programs to support smart water management and the adoption of innovative technologies. These initiatives provide incentives and resources for water utilities to invest in smart water network monitoring solutions. Moreover, North America faces various water management challenges, including aging infrastructure, water scarcity concerns, and the need for sustainable water resource management. Smart water network monitoring solutions offer the potential to address these challenges effectively, leading to their widespread adoption in the region.

Competitive Assessment:

Some of the major market players operating in the global smart water network monitoring market are ABB Ltd., Schneider Electric SE, Siemens AG, IBM Corporation, and Suez SA. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies.

Notable Development in Recent Years:

Advancements in IoT and Sensor Technologies: The integration of the Internet of Things (IoT) and sensor technologies have continued to advance in the Smart Water Network Monitoring market. This includes the development of more sophisticated and cost-effective sensors, improved connectivity options, and the ability to collect and analyze real-time data from a wide range of water network assets.

Adoption of Artificial Intelligence and Machine Learning: The use of artificial intelligence (AI) and machine learning (ML) techniques has gained traction in the Smart Water Network Monitoring sector. These technologies enable advanced data analytics, predictive modeling, anomaly detection, and optimization algorithms, allowing for more efficient water network management and proactive decision-making.

Cloud-Based Solutions and Data Analytics Platforms: Cloud-based solutions and data analytics platforms have become more prevalent, enabling the storage, processing, and analysis of large volumes of water network data. This facilitates real-time monitoring, remote access, and collaboration among stakeholders, driving operational efficiency and informed decision-making.

Integration of GIS and Mapping Technologies: Geographic Information Systems (GIS) and mapping technologies are being integrated into Smart Water Network Monitoring systems. This integration allows for spatial analysis, visualization of network assets, and accurate location mapping of leaks, enabling more targeted and efficient maintenance and repair activities.

Focus on Cybersecurity: As the adoption of smart technologies increases, the need for robust cybersecurity measures becomes paramount. Recent developments in the Smart Water Network Monitoring market include enhanced security protocols, encryption techniques, and network monitoring tools to protect against cyber threats and ensure the integrity and confidentiality of water network data.

Partnerships and Collaborations: Market players are increasingly forming strategic partnerships and collaborations to leverage each other’s expertise and enhance their offerings. These partnerships may involve technology providers, system integrators, water utilities, and research institutions, fostering innovation, and driving the adoption of Smart Water Network Monitoring solutions.

Key Companies:

• ABB Ltd.
• Schneider Electric SE
• Siemens AG
• IBM Corporation
• Suez SA
• Itron Inc.
• Xylem Inc.
• Badger Meter, Inc.
• Mueller Water Products, Inc.
• Honeywell International Inc.

Key Questions Answered by Smart Water Network Monitoring Market Report

• Global smart water network monitoring market forecasts from 2023-2030
• Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
• Smart water network monitoring submarket forecasts from 2023-2030 covering the market by component, technology, application, end-user, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level smart water network monitoring markets from 2023-2030
• Competitive Landscape and market positioning of top 10 players operating in the market