PUBLISHER: Grand View Research | PRODUCT CODE: 1771692
PUBLISHER: Grand View Research | PRODUCT CODE: 1771692
The global smart water management market size is expected to reach USD 50,740.8 million by 2033, registering a CAGR of 12.7% from 2025 to 2033, according to a new report by Grand View Research, Inc. water management has emerged as a significant priority for governments and water utilities, which is expected to fuel the global smart water management market. Infrastructure revitalization, growing population, fluctuating climate, and rise in water shortage issues are also some of the key forces driving the market growth. Although water management and conservation practices are continuously evolving, the aforementioned forces have spurred demand for smart technology solutions for more efficient and sustainable water systems.
Technological advancements enable water utility operators to proactively control and manage distribution systems and enhance efficiency, which is expected to favorably impact the market. The proliferation of cloud-based solutions to monitor distribution networks provides opportunities for market growth. Concerns among water utilities regarding the adoption of these solutions may pose a challenge to the market. Low adoption of smart water management systems by several water utilities owing to high investments is also expected to hinder the market growth.