Global Smart Water Management Market Size, Share, Growth Analysis Report - Forecast 2034

Smart Water Management Market: Industry Perspective

The global smart water management market size was worth around USD 17.13 Billion in 2024 and is predicted to grow to around USD 46.73 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 10.56% between 2025 and 2034. The report analyzes the global smart water management market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the smart water management industry.

Request Free Sample

Smart Water Management Market: Overview

Smart water management is designed for gathering meaningful and actionable data on the pressure, distribution, and flow of city water. The primary objective of smart water management is to ensure that the infrastructure and energy utilized for water transportation are effectively managed.

Furthermore, it also assists in reducing energy utilization in water pumping in water utilities. Apart from this, it reduces leak detection costs and theft of water, thereby improving customer engagement in conserving water. Precisely, the use of advanced techniques for replacing traditional water conveyance is also termed smart water management.

Key Insights

• As per the analysis shared by our research analyst, the global smart water management market is estimated to grow annually at a CAGR of around 10.56% over the forecast period (2025-2034).
• Regarding revenue, the global smart water management market size was valued at around USD 17.13 Billion in 2024 and is projected to reach USD 46.73 Billion by 2034.
• The smart water management market is projected to grow at a significant rate due to Growing need for efficient water use, leak detection, and infrastructure modernization fuels demand.
• Based on Component, the Hardware segment is expected to lead the global market.
• On the basis of Technology, the Metering segment is growing at a high rate and will continue to dominate the global market.
• Based on the Application, the Water Treatment segment is projected to swipe the largest market share.
• By End-user, the Residential segment is expected to dominate the global market.
• Based on region, North America is predicted to dominate the global market during the forecast period.

Request Free Sample

Smart Water Management Market: Growth Factors

Humungous Penetration of Smart Water Management Activities In Utilities to Steer the Global Market Surge

Escalating demand for replacing outdated water infrastructure facilities is predicted to drive the growth of the global smart water management market. The massive need for flood prevention, delivery storage, automated water treatment, and resource management will steer the global market trends.

Smart water management activities help in providing clean water to the customers along with providing repair & maintenance of water reservoirs at reasonable costs. Massive demand for smart technologies will steer the expansion of the market across the globe.

Furthermore, rising digitization in the utility sector and supportive government laws are likely to define the smart water management market growth. In addition to this, water management solutions help in utilizing data and effectively handling challenges occurring in water management activities. The surge in the use of supervisory control as well as data acquisition will boost global market expansion.

Smart Water Management Market: Restraints

Less Investment in Infrastructural Development can Restrict the Global Industry Expansion

Low capital funding for strengthening infrastructural facilities and less availability of skilled workforce can create impediments in the growth path of the global smart water management industry. Huge deployment costs of smart water management infrastructure can put brakes on global industry expansion.  

Smart Water Management Market: Opportunities

Favorable Government Policies to open new growth opportunities for the global market

A rise in supportive government schemes promoting smart water management activities will generate new growth opportunities for the global smart water management market. Surge in the smart cities and the onset of digital transformation techniques will help the market explore new growth avenues in the near future.  

Smart Water Management Market: Challenges

Deployment of new technologies poses a big challenge to the global industry expansion

Difficulty in the implementation of new technologies for bringing improvement in the water infrastructure will be a challenging task for the growth of the smart water management industry.  

Smart Water Management Market: Segmentation Analysis

The global smart water management market is segmented based on Component, Technology, Application, End-user, and region.

Based on Component, the global smart water management market is divided into Hardware, Software, Services.

On the basis of Technology, the global smart water management market is bifurcated into Metering, SCADA, Analytics, Remote Sensing, GIS.

By Application, the global smart water management market is split into Water Treatment, Water Distribution, Wastewater Collection.

In terms of End-user, the global smart water management market is categorized into Residential, Commercial, Industrial, Municipal.

Smart Water Management Market: Report Scope

Smart Water Management Market: Regional Insights 

North America Smart Water Management market to accrue massive returns over the forecast timeframe

North America, which accounted for a major share of the global smart water management market in 2022, is anticipated to continue its dominance over the analysis period. The regional market expansion over 2023-2030 can be due to growing awareness about the benefits offered by smart water management services to the end-users. Massive demand for reducing water wastage, enhancing water quality, and controlling water leakage will expand the growth of the market in the region. The presence of key manufacturers in countries such as the US will contribute sizably towards the expansion of the market in the region.

Furthermore, the smart water management industry in Asia-Pacific, which registered lucrative growth in 2022, is set to record the fastest CAGR over the anticipated timespan. The factors that are likely to spearhead the growth of the regional market include a surge in the number of smart cities in the countries such as Japan, China, and India.

Request Free Sample

Apart from this, smart water management is the key priority in smart city ventures in the region. Furthermore, smart water management is likely to assist the state authorities in determining the water leakages and monitoring water distribution across the cities along with enabling them in their decision-making process related to water management.  

Recent Developments

• In the second half of 2021, Xylem Inc., a major U.S.-based water technology provider, made an acquisition of Anadolu Egypt, a key Turkish player providing pump & water treatment system supply, deployment, and after-sales solutions. The move will proliferate the growth of the former in the Middle East region as well as in Europe.
• In the first half of 2021, Itron, a U.S.-based technology firm, signed a strategic partnership deal with United Utilities, a water supply firm based in the UK. Furthermore, the two firms joined hands for executing Temetra, Itron’s new cloud-driven meter management service, aimed at enhancing water delivery & water management solutions. 
• In the first quarter of 2021, Schneider Electric SE, a French multinational firm, along with Suez SA, a key industrial water & process treatment tech firm, helped water operators in accelerating digital transformation by offering various software solutions for operation, optimization, and maintenance.

Smart Water Management Market: Competitive Analysis

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the smart water management market on a global and regional basis.

The global smart water management market is dominated by players like:

• ABB Limited
• Honeywell International Inc
• Arad Group
• IBM Corporation
• Evoqua Water Technologies LLC
• GE Digital
• Schneider Electric SE
• Siemens AG
• Itron Inc.
• and Sensus.   

The global smart water management market is segmented as follows;

By Component

• Hardware
• Software
• Services

By Technology

• Metering
• SCADA
• Analytics
• Remote Sensing
• GIS

By Application

• Water Treatment
• Water Distribution
• Wastewater Collection

By End-user

• Residential
• Commercial
• Industrial
• Municipal

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of The Middle East & Africa