The global market for Water Utility Monitoring Systems was valued at an estimated US$4.3 Billion in 2023 and is projected to reach US$5.1 Billion by 2030, growing at a CAGR of 2.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The water utility monitoring systems market is witnessing the integration of IoT and smart technologies, which enable real-time monitoring and data collection for more accurate and efficient water management. Advanced data analytics and AI are being utilized to predict potential issues, optimize operations, and make data-driven decisions for better resource management. There is a growing emphasis on cybersecurity to protect critical infrastructure from cyber threats and ensure the integrity of water supply systems as they become more digitized. The adoption of cloud-based monitoring solutions is on the rise, offering scalable, flexible, and cost-effective options for managing monitoring systems and data.
The development of smart water grids, which incorporate various monitoring and control technologies, is gaining momentum, providing enhanced efficiency and reliability in water distribution and management. Predictive maintenance, powered by data analytics and AI, is becoming a key trend, helping utilities anticipate and address issues before they become significant problems, thereby reducing downtime and maintenance costs.
Customer-centric solutions, such as smart meters and customer portals, are being developed to allow consumers to monitor their water usage and participate in water conservation efforts. The adoption of sustainable and environmentally friendly technologies is on the rise, with water utilities striving to reduce their environmental impact and promote sustainable water management practices.
The water utility monitoring systems market is witnessing the integration of IoT and smart technologies, which enable real-time monitoring and data collection for more accurate and efficient water management. Advanced data analytics and AI are being utilized to predict potential issues, optimize operations, and make data-driven decisions for better resource management. There is a growing emphasis on cybersecurity to protect critical infrastructure from cyber threats and ensure the integrity of water supply systems as they become more digitized. The adoption of cloud-based monitoring solutions is on the rise, offering scalable, flexible, and cost-effective options for managing monitoring systems and data.
The development of smart water grids, which incorporate various monitoring and control technologies, is gaining momentum, providing enhanced efficiency and reliability in water distribution and management. Predictive maintenance, powered by data analytics and AI, is becoming a key trend, helping utilities anticipate and address issues before they become significant problems, thereby reducing downtime and maintenance costs.
Customer-centric solutions, such as smart meters and customer portals, are being developed to allow consumers to monitor their water usage and participate in water conservation efforts. The adoption of sustainable and environmentally friendly technologies is on the rise, with water utilities striving to reduce their environmental impact and promote sustainable water management practices.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Advanced Metering Infrastructure (AMI) Technology segment, which is expected to reach US$2.9 Billion by 2030 with a CAGR of a 2.8%. The Automatic Meter Reading (AMR) Technology segment is also set to grow at 2.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $1.2 Billion in 2023, and China, forecasted to grow at an impressive 4.9% CAGR to reach $1.0 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Water Utility Monitoring Systems Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Water Utility Monitoring Systems Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Water Utility Monitoring Systems Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Badger Meter, Inc., CGI, Inc., Connected Sensors, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 46 Featured):
- Badger Meter, Inc.
- CGI, Inc.
- Connected Sensors
- Endress+Hauser AG
- Esri Global, Inc.
- Hanwell Solutions Ltd.
- Hubbell, Inc.
- Itron, Inc.
- Landis+Gyr AG
- Lumel SA
- Novatek International
- Unisense A/S
- Wellaware Holdings, Inc.
- Woodfield Systems International
- Xylem, Inc.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- Badger Meter, Inc.
- CGI, Inc.
- Connected Sensors
- Endress+Hauser AG
- Esri Global, Inc.
- Hanwell Solutions Ltd.
- Hubbell, Inc.
- Itron, Inc.
- Landis+Gyr AG
- Lumel SA
- Novatek International
- Unisense A/S
- Wellaware Holdings, Inc.
- Woodfield Systems International
- Xylem, Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 184 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 4.3 Billion |
| Forecasted Market Value ( USD | $ 5.1 Billion |
| Compound Annual Growth Rate | 2.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
