Lucintel's latest market report analyzed that smart water management provides attractive opportunities in the commercial & industrial and residential end use industries The smart water management market is expected to reach $XX billion by 2028 with a CAGR of 10% to 12%. In this market, solutions is the largest segment by offering, whereas commercial and industrial is largest by end use industry. Rise in number of smart cities and investment in water infrastructure development provides strategic growth path in this market.
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Based on offering, the smart water management market is segmented into water meters, solutions, and services. The solutions segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the rising awareness of the quality of water, scarcity of natural freshwater resources, and technological developments over time.
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XX – Tables
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The Smart Water Management Market is marked by the presence of several big and small players. Some of the prominent players offering smart water management include ABB, Arad Group, AquamatiX, Badger Meter, HydroPoint, IBM Corporation, and i2O.
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