The European smart water management market is estimated to grow at a CAGR of 12.9% during the forecast period. In 2018, the European smart water management market was valued at nearly $2.1 billion to reach nearly $4.8 billion in 2025. Europe is a significant contributor to the global smart water management market owing to its stringent government regulations coupled with increasing infrastructures. Europe has a water distribution network of around 2.2 million miles. The large water distribution network in the market has created a huge challenge for the government related to the management of this water distribution network.
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The hefty investments done by the European Union for the improvement of water infrastructure are further anticipated to fuel the market of European smart water management. As per the EU Commission report, In April 2019, EU invested more than $150 million in better potable water and wastewater system in Timis County. Additionally, in 2019, around $82 million of fund will be allocated to Malta, Gozo, and Comino islands to work on the underground tunnel and for the extension of water and wastewater distribution network. Besides, in Digital Single Market for Water Services Action Plan EU Commission, it has laid out a vision for the future of the smart water system across the Europe. This action plan will further support the growth of the European smart water management market.
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Market Segmentation
European Smart Water Management Market by product
- Hardware
- Automated Meter Reading
- Advanced Meter Infrastructure
- Other Hardware
- Software And Services
European Smart Water Management Market by Application
- Residential
- Commercial
- Industrial
Regional Analysis
- European
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Company Profiles
- Diehl Stiftung& Co. KG
- Elster Group
- I2O Water, Ltd.
- Itron, INC.
- Pentair PLC
- Schneider Electric SE
- Sensus
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