Market Share of Smart Water Management Industry
The Smart Water Management Market studied comprises several global players and emerging new players vying for attention in a fairly-contested market space. The firm concentration ratio is expected to grow more during the forecast period because several firms consider this market a lucrative opportunity to consolidate their offerings. Various companies are launching new and advanced products in the market.
In May 2023, Lumus Technology (Houston) announced its agreement with Siemens Energy to acquire assets from its water solutions portfolio, including intellectual property and trade secrets, copyrights, and research and development properties.
In April 2023, ABB announced to invest approximately USD 170 million in the United States, creating highly skilled jobs in innovation, manufacturing, and distribution operations. The company is committed to growing in the states by investing in its electrification and automation businesses that meet increased demand from end-user industries.
In April 2022, Suez Group announced the launch of AssetAdvanced, a decision-support platform. The deployment of this platform will enable water service and sanitation managers to not only expand their knowledge of current assets but also reduce risks and cost overruns from infrastructure failures, allowing them to make informed decisions on future investments.
Smart Water Management Market Leaders
ABB Ltd
IBM Corporation
SUEZ Group
Honeywell International Inc.
Schneider Electric SE (+AVEVA)
*Disclaimer: Major Players sorted in no particular order
