Global Smart Online Water Sensor Solutions Market Overview
A smart online water sensor is an electronic device that sends alerts to the users' smartphones or tablets in case of a water leak. Some smart water sensors work via and others connect to a smart-home hub using wireless technologies.Smart online water sensor solutions market accounted for US$ 3.2 billion in 2019 and is estimated to be US$ 9.9 billion by 2029 and is anticipated to register a CAGR of 11.9%.
Impact of COVID-19 on the market
Artificial Intelligence (AI), Augmented Reality (AR), and Virtual Reality (VR), solutions are expected to substantially contribute while responding to the COVID-19 pandemic and address continuously emerging challenges. The existing situation due to the outbreak of the crisis will inspire healthcare establishments, pharmaceutical vendors, business traders to improve their R&D investments in AI, acting as a core technology for permitting multiple initiatives. This report will quantify the impact of this pandemic on the smart online water sensor solutions market.
Global Smart Online Water Sensor Solutions Market Dynamics
Launch of new technologies
The rising need for equipment to decrease the wastage of water across the world had motivated key players to introduce smart online water sensors solutions equipped with advanced features such as easy setup, personalization, alarm system, Wi-Fi direct connect etc. For instance, Samsung’s SmartThings ADT Water Leak detector is easy to set up and allows personalization. Whereas, Honeywell’s Lyric Wi-Fi Water Leak and Freeze detector is easy to set up and does not require a smart home hub to operate.
In addition, remote sensing technologies coupled with GPS, GIS, and satellite radio communication systems help track freshwater resources and examine environmental issues. Currently, smart metering is being positioned rapidly across the industrial sector and provides lucrative opportunities to govern usage & allocation effectively as well as address systemic operational inefficiencies in emerging regions.
However, high price is limiting consumer adoption in low-and middle-class population, thus hampering the growth of the target market.
Nevertheless, tracking total household water consumption through smart water controllers is projected to offer key trend to the target market growth in the coming years.
Global Smart Online Water Sensor Solutions Market Segmentation
Smart online water sensor solutions market is segmented based on the component, application, and region.
On the basis of the component, the global smart online water sensor solutions market is segmented into devices, solutions, and services. Based on the application, the target market is segmented into commercial and residential.
In the region, the global smart online water sensor solutions market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific smart online water sensor solutions market is projected to be the fastest-growing regional industry in the coming years. The growth can be attributed to rising scarcity in the region and capital investments which have positively influence the regional industry growth. North America is expected to dominate the smart online water sensor solutions demand due to the incubation facilities, financial incentives, and demonstration sites. Regulators measures on undertaking activities such as setting leakage reduction targets and imposing fines in case of failure to comply with the regulations will help mitigate waste by introducing standards and code. The emergence of widespread regulatory supplies such as California Water Conservation Act is also anticipated to propel the regional industry growth.
|
Attribute |
Details |
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The base year for estimation |
2019 |
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Forecast period |
2019 – 2029 |
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Market representation |
Revenue in USD Million & CAGR from 2019 – 2029 |
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Market Segmentation |
By Component - Devices, Solutions, and Services By Application - Commercial and Residential |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global smart online water sensor solutions market report based on component, application, and region.
Smart Online Water Sensor Solutions Market, By Component:
- Devices
- Solutions
- Services
Smart Online Water Sensor Solutions Market, By Application:
- Commercial
- Residential
Smart Online Water Sensor Solutions Market, By Region:
- North America
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Global Smart Online Water Sensor Solutions Market Key Players
The key players operating in the smart online water sensor solutions market include EcoNet Controls, FIBAR GROUP, SAMSUNG, LIXIL Group, and Winland Holdings. Key players are involved in launching various products in order to expand its presence. For instance, in 2018, Belkin Phyn announced its first consumer product, the Phyn Plus, a smart water monitoring system for homes. Phyn Plus looks like a glowing nuclear battery that attaches to water main — directly into their plumbing system, where the device is able to monitor tiny changes in water pressure to track water usage and identify blockages, burst pipes, and leaks.
Global Smart Online Water Sensor Solutions Market Company Profile
- EcoNet Controls
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- FIBAR GROUP
- SAMSUNG
- LIXIL Group
- Winland Holdings
“*” marked represents similar segmentation in other categories in the respective section.
Global Smart Online Water Sensor Solutions Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for Smart Online Water Sensor Solutions Strategies
- Key Questions this Study will Answer
- Market Snippet, By Component
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Component, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Devices
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Solutions
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Services
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Market Segmentation, By Application, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Commercial
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Residential
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Market, By Region, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Component, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Component, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Component, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Component, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Component, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- EcoNet Controls
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- FIBAR GROUP
- SAMSUNG
- LIXIL Group
- Winland Holdings
- EcoNet Controls
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- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The global smart online water sensor solutions market is segmented based on component, application, and region.
The rising need for equipment to decrease the wastage of water across the world had motivated key players to introduce smart online water sensors solutions equipped with advanced features.
Asia Pacific smart online water sensor solutions market is projected to be the fastest-growing regional industry in the coming years.
Key players are involved in launching various products and up-gradations in order to expand their geographical footprint.