Report Description

The Global Digital Water Solutions Market is anticipated to grow at a robust pace in the forecast period, 2024-2028 owning by the rise of smart technologies usage across 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, are one of the solutions that reduces 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 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.


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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 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 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 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)

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).

The Global Digital Water Solutions Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Service Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Digital Water Solutions Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Factors Considered while Selecting Vendor

5.3.  Key Satisfaction Level

5.4.  Major Challenges Faced

5.5.  Technological Awareness

5.6.  Key Services in Use

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

6.2.5.    By Company

6.3.  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

9.2.1.1.1.           By Technology

9.2.1.1.2.           By Solution Type

9.2.1.1.3.           By Utility Tier

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

12.1.1. Adoption of software and AI and ML-based data analytics solutions.

12.1.2. The replacement of aging water infrastructure.

12.2. Challenges

12.2.1. Climate change and infrastructural concerns are the major challenges for digital solution market.

12.2.2. Ineffective technologies provided by digital solution companies.

13. Market Trends & Developments

13.1.   The digital data can be used to develop smart water solutions for cities, buildings, and private residences.

13.2.   Government Initiatives

13.3.   Takeover of Water management and billing by third-party vendors.

14. Company Profiles

14.1.              Autodesk Innovyze

14.1.1. Business Overview

14.1.2. Key Revenue and Financials

14.1.3. Recent Developments

14.1.4. Key Personnel

14.1.5. Key Product/End-user Industry

14.1.6. SWOT Analysis

14.2.             Schneider Electric

14.2.1. Business Overview

14.2.2. Key Revenue and Financials

14.2.3. Recent Developments

14.2.4. Key Personnel

14.2.5. Key Product/Services

14.2.6. SWOT Analysis

14.3.             Bentley systems

14.3.1. Business Overview

14.3.2. Key Revenue and Financials

14.3.3. Recent Developments

14.3.4. Key Personnel

14.3.5. Key Product/Services

14.3.6. SWOT Analysis

14.4.             Minsait, Atonix Digital

14.4.1. Business Overview

14.4.2. Key Revenue and Financials

14.4.3. Recent Developments

14.4.4. Key Personnel

14.4.5. Key Product/Services

14.4.6. SWOT Analysis

14.5.             Emerson Electric Company

14.5.1. Business Overview

14.5.2. Key Revenue and Financials

14.5.3. Recent Developments

14.5.4. Key Personnel

14.5.5. Key Product/Services

14.5.6. SWOT Analysis

14.6.             TaKaDu

14.6.1. Business Overview

14.6.2. Key Revenue and Financials

14.6.3. Recent Developments

14.6.4. Key Personnel

14.6.5. Key Product/Services

14.6.6. SWOT Analysis

14.7.             ABB Ltd

14.7.1. Business Overview

14.7.2. Key Revenue and Financials

14.7.3. Recent Developments

14.7.4. Key Personnel

14.7.5. Key Product/Services

14.7.6. SWOT Analysis

14.8.             Assetic

14.8.1. Business Overview

14.8.2. Key Revenue and Financials

14.8.3. Recent Developments

14.8.4. Key Personnel

14.8.5. Key Product/Services

14.8.6. SWOT Analysis

14.9.              Space-Time Insight

14.9.1. Business Overview

14.9.2. Key Revenue and Financials

14.9.3. Recent Developments

14.9.4. Key Personnel

14.9.5. Key Product/Services

14.9.6. SWOT Analysis

14.10.          Aqueduct

14.10.1.              Business Overview

14.10.2.              Key Revenue and Financials

14.10.3.              Recent Developments

14.10.4.              Key Personnel

14.10.5.              Key Product/Services

14.10.6.              SWOT Analysis

14.11.          Intelliflux Controls

14.11.1.              Business Overview

14.11.2.              Key Revenue and Financials

14.11.3.              Recent Developments

14.11.4.              Key Personnel

14.11.5.              Key Product/Services

14.11.6.              SWOT Analysis

14.12.          PowerPlan

14.12.1.              Business Overview

14.12.2.              Key Revenue and Financials

14.12.3.              Recent Developments

14.12.4.              Key Personnel

14.12.5.              Key Product/Services

14.12.6.              SWOT Analysis

14.13.          Copperleaf Technologies

14.13.1.              Business Overview

14.13.2.              Key Revenue and Financials

14.13.3.              Recent Developments

14.13.4.              Key Personnel

14.13.5.              Key Product/Services

14.13.6.              SWOT Analysis

14.14.          Analytical Technology, Inc

14.14.1.              Business Overview

14.14.2.              Key Revenue and Financials

14.14.3.              Recent Developments

14.14.4.              Key Personnel

14.14.5.              Key Product/Services

14.14.6.              SWOT Analysis

14.15.          SUEZ

14.15.1.              Business Overview

14.15.2.              Key Revenue and Financials

14.15.3.              Recent Developments

14.15.4.              Key Personnel

14.15.5.              Key Product/Services

14.15.6.              SWOT Analysis

15. Strategic Recommendations

15.1.   Key focus on smart and cost-effective technologies.

15.2.   Key focus towards Middle East Asia & Africa region.

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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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 are among the major market players in the global digital water solutions market.

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The system captures sensor data like as pressure and usage, as well as alarms such as pressure dips, from a new generation of digital water metres.

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Middle East Asia & Africa is the fastest-growing region in the Digital Water Solutions Market due to more steps taken by state governments towards the same.

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Water management will become more sophisticated as the water sector digitalizes. Digital technology can significantly revolutionize the world's water systems, allowing utilities to become more robust, inventive, and efficient while implementing more cost-effective approaches.

profile

Parvati Sharma

Account Manager BD
Press Release

Rising Need to Replace Old Water Infrastructure is Propelling the Digital Water Solutions Market Worldwide

Jan, 2023

Government initiatives and regulatory measures to promote innovative water solutions are expected to be in high demand over the forecast period of 2024–2028.