An Overview of the Digital Water Solutions Market

The digital water solutions market refers to the use of advanced technologies like IoT, AI, big data, and blockchain to efficiently manage water resources and distribution. The market is expected to grow at 15.00% CAGR during 2023-2032. Key solutions include smart water meters, sensors, automated systems, advanced data analytics, and mobile apps. Adoption of digital water solutions enables improved visibility, conservation, quality and predictive insights.

Key Companies

Leading companies offering digital water solutions include,

  • Bentley systems (US)
  • Innovyze (US)
  • Schneider Electric (France)
  • Minsait,
  • Atonix Digital (US)
  • Plutoshift (US)
  • Assetic (Australia)
  • ABB (Switzerland)

These companies provide smart meters, monitoring systems, analytics software, leak detection, and network management solutions.

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Market Segmentation

Based on offering, the market is segmented into hardware, software, and services. The hardware segment accounts for the largest share. Key hardware includes smart water meters, sensors, data loggers, and data analysis units. Based on solution type, the market is segmented into Enterprise Asset Management (EAM), Network Monitoring, Advanced Pressure Management, SCADA systems, Advanced Analytics, Residential Water Efficiency, and Smart Irrigation Management Systems among others.

Regional Insights

North America accounted for the largest share of the global digital water solutions market in 2022, followed by Europe and Asia Pacific. High adoption of smart water technologies owing to supportive government initiatives and investments in smart city projects is favoring the North American market. Rapid urbanization in developing economies like China, India, Singapore, Australia, etc. is key factor driving adoption in Asia Pacific.

Industry Latest

News In January 2023, Grundfos acquired Webee, a provider of software solutions for leak monitoring and water conservation. This strengthened Grundfos' digital water offerings. In November 2022, Landis+Gyr partnered with VPS and Google Cloud to provide advanced water analytics solution for utilities companies globally. In June 2022, FATHOM launched a Digital Customer Engagement solution for municipal water service providers to boost customer experience.

Market Opportunities

Increasing water scarcity globally, rising energy costs, need for operational efficiency, stringent regulations around safe water access, and government support are key market growth drivers. Expanding smart city projects and integration of digital water solutions with smart energy grids provide significant expansion opportunities. Cloud-based solutions, predictive maintenance, water reuse technologies also unlock new prospects.

Reasons to Procure this Report
A detailed study of the global digital water solutions market can help companies understand growth opportunities, market dynamics, competitive landscape as well as technology innovations and key trends. Granular, region-specific data and analysis helps set expansion strategy considering target markets. Stakeholders can take data-driven decisions for new product launches and partner ecosystem creation.

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