Digital Water Solutions Market–Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Technology (Metering & Customer Management, Network Management, Work & Asset Management, Plant Management, and Information Management), By Solution Type (Hardware, Software and Services), By Utility Tier (Tier 1, Tier 2, and Tier 3), By Region, Competition
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Water and Waste Management | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationDigital Water Solutions Market–Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Technology (Metering & Customer Management, Network Management, Work & Asset Management, Plant Management, and Information Management), By Solution Type (Hardware, Software and Services), By Utility Tier (Tier 1, Tier 2, and Tier 3), By Region, Competition
The Global Digital Water Solutions Market
It opens up new opportunities—using the capabilities of the Internet of Things (IoT) and sensor systems aids in the transition from traditional to more innovative and advanced methods.
The two most important forces driving the growth of global digital water solutions market are higher demand for high-quality water services and increased digitization of the distribution sector. While utility firms create carbon pollution and intelligent water technologies, the digital water solutions business is expected to grow over the predicted timeframe. While the global digital water solutions business is predicted to grow, the lack of digitally proficient people is a hindrance.
Water utilities may now integrate business activities more effectively, thanks to technological advancements, propelling them towards success. Combining a range of new technology may improve the overall running efficiency of the water network, with minimum physical expenditure. These breakthroughs and intelligent infrastructures are employed within the innovative water sector to produce unique solutions for clients. Intelligent solutions are expected to gain appeal and desired momentum in the following years, as people become more concerned about water quality and technology advances.
Adoption of Software and AI and ML-Based Data Analytics Solutions
The adaptation of AI (Artificial Intelligence), ML (Machine Learning) based data analytics solutions and Digitization, are the first steps in the shift. The digital data can be used to develop innovative water solutions for cities, buildings, and private homes. The Industrial Internet of Things (IoT) is the backbone over which water data moves in both directions, between the edge and control centers.
The Replacement of Aging Water Infrastructure.
Due to technological advancements, the replacement of old water infrastructure is becoming a key source of taking efforts to improve digital water solutions. Companies that provide industrial cleaning services to towns, power plants, commercial buildings, and other facilities provide a variety of technologies and services. The good news is that this technology is continually improving, making it simpler for municipalities and other end-users to assure that they are getting clean and efficient water pipeline services. As a result, the increased use of smart technology by firms is driving the market growth.
In 2022, the Software Sector will Account for Most of the Revenue in the Global Digital Water Solution Market.
The global digital water market is divided into three segments based on solution typehardware, software, and services. During the forecast period, the software sector will likely dominate in revenue contribution, to the worldwide digital water market. Intelligent water metering software solutions, wastewater treatment employing AI, blockchain technology, and other technologies are in great demand. Based on the IoT factory software platform, the intelligent solution water meter enables the integration of various sensors and water meters to monitor humidity, carbon dioxide (CO), temperature, smoke detection, or the presence of water. Such meters may also be used to manage water flow, get automated monthly bills, and receive leakage warnings, all of which are projected to promote the expansion of the software industry.
Global
Market player
Recent Development
- In Nov 2022, Schneider
Electric, the global leader in digital energy management and automation,
announced significant enhancements to its popular digital twin tools for water
and district energy utilities, EcoStruxureTM Water Cycle Advisor - District
Energy (formerly 'Termis') and EcoStruxure Water Cycle Advisor - Water
Simulation (formerly 'Aquis'). These new developments, which are part of the
software's version 8.2, provide significant benefits to customers looking to
utilize digital capabilities to ensure efficiency, quality, and insight across
the water and district energy lifecycles. With advanced data and formula
capabilities, as well as variety of usability enhancements, Schneider
Electric's District Energy and Water Simulation deliver on the company's
promise to ensure maximum efficiency while supporting decarbonization, reducing
water and heat loss, and optimizing network operations
|
Attribute |
Details |
|
Base Year |
2022 |
|
Historic Data |
2018 –
2021 |
|
Estimated Year |
2023 |
|
Forecast Period |
2024
– 2028 |
|
Quantitative Units |
Revenue in USD Million and CAGR for 2018-2022 and 2024-2028 |
|
Report coverage |
Revenue
forecast, company share, growth factors, and trends |
|
Segments covered |
By Technology By Solution Type By Utility Tier |
|
Regional scope |
North
America; Asia-Pacific; Europe; South America; Middle East & Africa |
|
Country scope |
United States; Canada; Mexico; China; Indian; Japan; South
Korea; Australia; Singapore; Malaysia; Germany; United Kingdom; France;
Russia, Spain; Belgium; Italy; Brazil; Colombia; Argentina; Peru; Chile;
Africa, Saudi Arabia; South Africa; UAE; Israel; Turkey |
|
Key companies profiled |
Autodesk Innovyze, Schneider Electric, Bentley systems, Minsait,
Atonix Digital, Aqueduct, TaKaDu, ABB Ltd, Assetic, Space-Time Insight, Intelliflux
Controls,
Power Plan, Analytical Technology, Inc, Copperleaf Technologies, and SUEZ. |
|
Customization scope |
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope. |
|
Pricing and purchase options |
Avail
customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery Format |
PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request) |
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