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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
Industry Report I 2023-06-01 I 117 Pages I TechSci Research
The Global Digital Water Solutions Market is anticipated to grow at a robust pace in the forecast period, 2024-2028, owning to the rise of smart technologies used worldwide. The global population is rapidly growing, and the constant rise in demand for quality water for a variety of uses, as well as the gradual acceptance of digitalization, is one of the solutions that reduce water-related difficulties.
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 the 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. With digital connectivity and operational efficiency, the regions covered by digital water solutions improve quality of life and significantly decrease water shortages. IoT in water utility applications includes the usage of smart water meters, blockchain applications, and smart wastewater treatment systems to enhance water quality, propelling the global digital water solutions market.
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 ensure that they are getting clean and efficient water pipeline services. As a result, the increased use of smart technology by firms is driving 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 type: hardware, 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.
Market Segmentation
Global Digital Water Solutions Market is segmented By Technology, By Solution Type, and By Utility Tier. Based on Technology, the market is segmented into Metering & Customer Management, Network Management, Work & Asset Management, Plant Management, and Information Management. Based on Solution Type, the market is segmented into Hardware, Software, and Services; based on Utility Tier, the market is segmented into Tier 1, Tier 2, and Tier 3.
Market player
Major market players in the global Digital Water Solutions Market are Autodesk Innovyze, Schneider Electric, Bentley Systems, Minsait, Atonix Digital, Aqueduct, TaKaDu, ABB Ltd, Assetic, Space-Time Insight, PowerPlan, Intelliflux Controls, Copperleaf Technologies, Analytical Technology, Inc and SUEZ.
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 a 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.
Report Scope:
In this report, the Global Digital Water Solutions Market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
- Digital Water Solutions Market, By Technology:
o Metering & Customer Management
o Network Management
o Work & Asset Management
o Planning System
o Remote Monitoring
o Information Management
- Digital Water Solutions Market, By Solution Type:
o Hardware
o Software
o Services
- Digital Water Solutions Market, By Utility Tier:
o Tier 1
o Tier 2
o Tier 3
- Digital Water Solutions Market, By Region:
- North America
o United States
o Canada
o Mexico
- Asia-Pacific
o India
o Japan
o South Korea
o Australia
o Singapore
o Malaysia
- Europe
o Germany
o United Kingdom
o France
o Russia
o Spain
o Belgium
o Italy
- South America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
- Middle East & Africa
o Saudi Arabia
o South Africa
o UAE
o Israel
o Turkey
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Digital Water Solutions Market.
Available Customizations:
Global Digital Water Solutions Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. Service Overview
2. Research Methodology
3. Impact of COVID-19 on Global Digital Water Solutions Market
4. Executive Summary
5. Voice of Customers
6. Global Digital Water Solutions Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Technology (Metering & Customer Management, Network Management, Plant Management, and Information Management)
6.2.2. By Solution Type (Hardware, Software and Services)
6.2.3. By Utility Tier (Tier 1, Tier 2, and Tier 3)
6.2.4. By Region
6.3. By Company (2022)
6.4. Market Map
7. North America Digital Water Solutions Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Technology
7.2.2. By Solution Type
7.2.3. By Utility Tier
7.2.4. By Country
7.3. North America: Country Analysis
7.3.1. United States Digital Water Solutions Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Technology
7.3.1.2.2. By Solution Type
7.3.1.2.3. By Utility Tier
7.3.2. Canada Digital Water Solutions Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Technology
7.3.2.2.2. By Solution Type
7.3.2.2.3. By Utility Tier
7.3.3. Mexico Digital Water Solutions Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Technology
7.3.3.2.2. By Solution Type
7.3.3.2.3. By Utility Tier
8. Asia-Pacific Digital Water Solutions Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Technology
8.2.2. By Solution Type
8.2.3. By Utility Tier
8.2.4. By Country
8.3. Asia-Pacific: Country Analysis
8.3.1. China Digital Water Solutions Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Technology
8.3.1.2.2. By Solution Type
8.3.1.2.3. By Utility Tier
8.3.2. India Digital Water Solutions Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Technology
8.3.2.2.2. By Solution Type
8.3.2.2.3. By Utility Tier
8.3.3. Japan Digital Water Solutions Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Technology
8.3.3.2.2. By Solution Type
8.3.3.2.3. By Utility Tier
8.3.4. South Korea Digital Water Solutions Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Technology
8.3.4.2.2. By Solution Type
8.3.4.2.3. By Utility Tier
8.3.5. Australia Digital Water Solutions Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Technology
8.3.5.2.2. By Solution Type
8.3.5.2.3. By Utility Tier
8.3.6. Singapore Digital Water Solutions Market Outlook
8.3.6.1. Market Size & Forecast
8.3.6.1.1. By Value
8.3.6.2. Market Share & Forecast
8.3.6.2.1. By Technology
8.3.6.2.2. By Solution Type
8.3.6.2.3. By Utility Tier
8.3.7. Malaysia Digital Water Solutions Market Outlook
8.3.7.1. Market Size & Forecast
8.3.7.1.1. By Value
8.3.7.2. Market Share & Forecast
8.3.7.2.1. By Technology
8.3.7.2.2. By Solution Type
8.3.7.2.3. By Utility Tier
9. Europe Digital Water Solutions Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Technology
9.2.2. By Solution Type
9.2.3. By Utility Tier
9.2.4. By Country
9.3. Europe: Country Analysis
9.3.1. Germany Digital Water Solutions Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Technology
9.3.1.2.2. By Solution Type
9.3.1.2.3. By Utility Tier
9.3.2. United Kingdom Digital Water Solutions Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Technology
9.3.2.2.2. By Solution Type
9.3.2.2.3. By Utility Tier
9.3.3. France Digital Water Solutions Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Technology
9.3.3.2.2. By Solution Type
9.3.3.2.3. By Utility Tier
9.3.4. Russia Digital Water Solutions Market Outlook
9.3.4.1. Market Size & Forecast
9.3.4.1.1. By Value
9.3.4.2. Market Share & Forecast
9.3.4.2.1. By Technology
9.3.4.2.2. By Solution Type
9.3.4.2.3. By Utility Tier
9.3.5. Spain Digital Water Solutions Market Outlook
9.3.5.1. Market Size & Forecast
9.3.5.1.1. By Value
9.3.5.2. Market Share & Forecast
9.3.5.2.1. By Technology
9.3.5.2.2. By Solution Type
9.3.5.2.3. By Utility Tier
9.3.6. Belgium Digital Water Solutions Market Outlook
9.3.6.1. Market Size & Forecast
9.3.6.1.1. By Value
9.3.6.2. Market Share & Forecast
9.3.6.2.1. By Technology
9.3.6.2.2. By Solution Type
9.3.6.2.3. By Utility Tier
9.3.7. Italy Digital Water Solutions Market Outlook
9.3.7.1. Market Size & Forecast
9.3.7.1.1. By Value
9.3.7.2. Market Share & Forecast
9.3.7.2.1. By Technology
9.3.7.2.2. By Solution Type
9.3.7.2.3. By Utility Tier
10. South America Digital Water Solutions Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Technology
10.2.2. By Solution Type
10.2.3. By Utility Tier
10.2.4. By Country
10.3. South America: Country Analysis
10.3.1. Brazil Digital Water Solutions Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Technology
10.3.1.2.2. By Solution Type
10.3.1.2.3. By Utility Tier
10.3.2. Argentina Digital Water Solutions Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Technology
10.3.2.2.2. By Solution Type
10.3.2.2.3. By Utility Tier
10.3.3. Colombia Digital Water Solutions Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Technology
10.3.3.2.2. By Solution Type
10.3.3.2.3. By Utility Tier
10.3.4. Peru Digital Water Solutions Market Outlook
10.3.4.1. Market Size & Forecast
10.3.4.1.1. By Value
10.3.4.2. Market Share & Forecast
10.3.4.2.1. By Technology
10.3.4.2.2. By Solution Type
10.3.4.2.3. By Utility Tier
10.3.5. Chile Digital Water Solutions Market Outlook
10.3.5.1. Market Size & Forecast
10.3.5.1.1. By Value
10.3.5.2. Market Share & Forecast
10.3.5.2.1. By Technology
10.3.5.2.2. By Solution Type
10.3.5.2.3. By Utility Tier
11. Middle East & Africa Digital Water Solutions Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Technology
11.2.2. By Solution Type
11.2.3. By Utility Tier
11.2.4. By Country
11.3. Middle East & Africa: Country Analysis
11.3.1. Saudi Arabia Digital Water Solutions Market Outlook
11.3.1.1. Market Size & Forecast
11.3.1.1.1. By Value
11.3.1.2. Market Share & Forecast
11.3.1.2.1. By Technology
11.3.1.2.2. By Solution Type
11.3.1.2.3. By Utility Tier
11.3.2. South Africa Digital Water Solutions Market Outlook
11.3.2.1. Market Size & Forecast
11.3.2.1.1. By Value
11.3.2.2. Market Share & Forecast
11.3.2.2.1. By Technology
11.3.2.2.2. By Solution Type
11.3.2.2.3. By Utility Tier
11.3.3. UAE Digital Water Solutions Market Outlook
11.3.3.1. Market Size & Forecast
11.3.3.1.1. By Value
11.3.3.2. Market Share & Forecast
11.3.3.2.1. By Technology
11.3.3.2.2. By Solution Type
11.3.3.2.3. By Utility Tier
11.3.4. Israel Digital Water Solutions Market Outlook
11.3.4.1. Market Size & Forecast
11.3.4.1.1. By Value
11.3.4.2. Market Share & Forecast
11.3.4.2.1. By Technology
11.3.4.2.2. By Solution Type
11.3.4.2.3. By Utility Tier
11.3.5. Turkey Digital Water Solutions Market Outlook
11.3.5.1. Market Size & Forecast
11.3.5.1.1. By Value
11.3.5.2. Market Share & Forecast
11.3.5.2.1. By Technology
11.3.5.2.2. By Solution Type
11.3.5.2.3. By Utility Tier
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments
14. Company Profiles
14.1. Autodesk Innovyze
14.1.1. Business Overview
14.1.2. Key Revenue and Financials (if available)
14.1.3. Recent Developments
14.1.4. Key Personnel
14.1.5. Key Product/Service
14.2. Schneider Electric
14.2.1. Business Overview
14.2.2. Key Revenue and Financials (if available)
14.2.3. Recent Developments
14.2.4. Key Personnel
14.2.5. Key Product/Service
14.3. Bentley systems
14.3.1. Business Overview
14.3.2. Key Revenue and Financials (if available)
14.3.3. Recent Developments
14.3.4. Key Personnel
14.3.5. Key Product/Service
14.4. Minsait, Atonix Digital
14.4.1. Business Overview
14.4.2. Key Revenue and Financials (if available)
14.4.3. Recent Developments
14.4.4. Key Personnel
14.4.5. Key Product/Service
14.5. Emerson Electric Company
14.5.1. Business Overview
14.5.2. Key Revenue and Financials (if available)
14.5.3. Recent Developments
14.5.4. Key Personnel
14.5.5. Key Product/Service
14.6. TaKaDu
14.6.1. Business Overview
14.6.2. Key Revenue and Financials (if available)
14.6.3. Recent Developments
14.6.4. Key Personnel
14.6.5. Key Product/Service
14.7. ABB Ltd
14.7.1. Business Overview
14.7.2. Key Revenue and Financials (if available)
14.7.3. Recent Developments
14.7.4. Key Personnel
14.7.5. Key Product/Service
14.8. Assetic
14.8.1. Business Overview
14.8.2. Key Revenue and Financials (if available)
14.8.3. Recent Developments
14.8.4. Key Personnel
14.8.5. Key Product/Service
14.9. Space-Time Insight
14.9.1. Business Overview
14.9.2. Key Revenue and Financials (if available)
14.9.3. Recent Developments
14.9.4. Key Personnel
14.9.5. Key Product/Service
14.10. Aqueduct
14.10.1. Business Overview
14.10.2. Key Revenue and Financials (if available)
14.10.3. Recent Developments
14.10.4. Key Personnel
14.10.5. Key Product/Service
14.11. Intelliflux Controls
14.11.1. Business Overview
14.11.2. Key Revenue and Financials (if available)
14.11.3. Recent Developments
14.11.4. Key Personnel
14.11.5. Key Product/Service
14.12. PowerPlan
14.12.1. Business Overview
14.12.2. Key Revenue and Financials (if available)
14.12.3. Recent Developments
14.12.4. Key Personnel
14.12.5. Key Product/Service
14.13. Copperleaf Technologies
14.13.1. Business Overview
14.13.2. Key Revenue and Financials (if available)
14.13.3. Recent Developments
14.13.4. Key Personnel
14.13.5. Key Product/Service
14.14. Analytical Technology, Inc
14.14.1. Business Overview
14.14.2. Key Revenue and Financials (if available)
14.14.3. Recent Developments
14.14.4. Key Personnel
14.14.5. Key Product/Service
14.15. SUEZ
14.15.1. Business Overview
14.15.2. Key Revenue and Financials (if available)
14.15.3. Recent Developments
14.15.4. Key Personnel
14.15.5. Key Product/Service
15. Strategic Recommendations
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