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Bluefield Research

Europe Digital Water Market Outlook: Key Drivers, Competitive Shifts, and Forecasts, 2024–2033

Europe Digital Water Market Outlook: Key Drivers, Competitive Shifts, and Forecasts, 2024–2033

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Europe is a global leader in digital water solutions, with countries like Denmark, the Netherlands, and the U.K. at the forefront. The region is shaped by a diverse set of water systems, regulatory frameworks, asset sizes, environmental pressures, and supra-national funding. As such, Bluefield Research anticipates strong demand for digital water solutions in Europe, underpinning a cumulative US$196 billion in spending from 2024 to 2033.

Investment in digital water solutions is fueled by the need for greater efficiency in operations and energy usage along with stringent compliance monitoring and accountability standards. The European Union (EU) plays an important role in financing and regulation, further incentivizing the adoption of digital technologies in the public sector and critical infrastructure.

As utility demand intensifies and the workforce and resources dwindle, the business case for proven digital solutions wins credibility and becomes more widely accepted among utilities, while the vendor landscape becomes more competitive. The market is currently dominated by established water technology players, but new market entrants are making inroads through strategic acquisitions and partnerships. Additionally, emerging startups are challenging the status quo, particularly with software-based solutions.

This report offers a comprehensive analysis of Europe’s digital water market, including hardware, software, services, and connectivity. Bluefield’s bottom-up approach provides a detailed view of the current landscape, potential for future growth, and insights into major drivers and trends, the competitive environment, and detailed company profiles of 20 digital water incumbents.

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