The smart water management market - Italy

1.1 Introduction

The smart water management market refers to the adoption of advanced technological solutions to improve efficiency, sustainability and safety in water resource management.

The various offerings/products that make up the sector include:

• Smart sensors for detecting water quality and consumption levels.
• Remote monitoring and control systems for water network management.
• Data analytics and artificial intelligence solutions to optimize the use of water resources.
• Management platforms and software to improve the operational efficiency of water services.
• Remote metering and smart metering technologies for accurate measurement of water consumption.

Italy faces significant challenges in managing water resources due to extreme weather conditions and increasing demand for water. The scarcity of water and its strategic importance are evident, with millions of people around the world lacking access to clean water. Water management companies play a key role in adopting modern technologies and infrastructure to ensure responsible use of water resources. However, water management requires an integrated approach that involves all stakeholders in the supply chain and makes use of data for optimal water management. Italy needs to take advantage of the opportunities offered by the PNRR to address future water crises and promote innovation in the sector.[ESG360]

The smart water management market is projected to exceed $45.1 billion by 2032, up from $15.6 billion in 2022, with a compound annual growth rate (CAGR) of 11.5 percent from 2023 to 2032.[Globenewswire]

This study focuses on the smart water management market in Italy. For information on complementary markets, such as renewable energy, please refer to the specific studies available in the Businesscoot catalog.