The UK smart water management market is estimated to grow at a CAGR of 11.9% during the forecast period. UK smart water management is expected to have significant growth rate due to its planned water management hierarchy, the country ensures to manage the water collected in an organized manner in order to reduce the water wastage efficiently. Thames Water is the largest water and wastewater services provider in UK serving 15 million customers across London and the Thames Valley, every day. As per UK government, it is estimated that in 2020, around 133 million litres of water will be consumed daily by Thames Water customers, while by 2040, that number will rise significantly to 414 million.
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Moreover, the increasing public sector expenditure on water supply offers a substantial growth opportunity to the smart water management market in UK. As per the government of UK the public sector spending on water supply was $646 million in 2015 that increased to $872 million in 2018. Moreover, various companies and government collaborate to provide smart water management solution in UK. For Instance, Sensus Communication Technology provides support to the UK government for its project. The project intended to the installation of smart meters in millions of homes and small businesses in 2020. These types of partnerships propel the growth of the UK smart water management market.
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Market Segmentation
UK Smart Water Management Market by product
- Hardware
- Automated Meter Reading
- Advanced Meter Infrastructure
- Other Hardware
- Software And Services
UK Smart Water Management Market by Application
- Residential
- Commercial
- Industrial
Company Profiles
- Veolia
- Casperon
- I2O WATER, LTD.
- HONEYWELL INTERNATIONAL, INC.
- Emerson Electric Co.
- Diehl Stiftung& Co. KG
- Badger Meter, Inc.
- ABB, Ltd.
- Pentair PLC
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