European Smart Water Management Market to see Rapid Growth by 2025

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.

In November 2017, the EU commission has launched Smart Water for Europe (SW4E) project in Europe. This project includes the demonstration of innovative and smart water network sustainable water supply, reliable quality control, and optimized utilization of energy. The launch of this project will create awareness related to smart water treatment which in turn will fuel the demand for smart water management in Europe. 

European Smart Water Management Market Segmentation

By product

·        Hardware

·        Automated Meter Reading

·        Advanced Meter Infrastructure

·        Other Hardware

·        Software And Services

By Application

·        Residential

·        Commercial

·        Industrial

Regional Analysis

·        European

·        UK

·        Germany

·        Italy

·        Spain

·        France

Rest of Europe

A full Report of European Smart Water Management Market is Available @  https://www.omrglobal.com/industry-reports/european-smart-water-management-market

Company Profiles

·        Diehl Stiftung& Co. KG

·        Elster Group

·        I2O Water, Ltd.

·        Itron, INC.

·        Pentair PLC

·        Schneider Electric SE

·        Sensus 

·        Siemens AG

·        SUEZ Group

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