PUBLISHER: Roots Analysis | PRODUCT CODE: 1796407
PUBLISHER: Roots Analysis | PRODUCT CODE: 1796407
As per Roots Analysis, the global smart water management market size is estimated to grow from USD 18.24 billion in the current year to USD 67.76 billion by 2035, at a CAGR of 12.67% during the forecast period, till 2035.
The opportunity for smart water management market has been distributed across the following segments:
Type of Management
Type of Services
Type of Water Meter
Type of Offering
Areas of Application
Types of End-Users
Company Size
Geographical Regions
Smart water management incorporates cutting-edge technologies to enhance the monitoring, control, and conservation of water resources. By using sensors, meters, and data analytics, it facilitates real-time analysis for water management, identifies leaks, boosts distribution efficiency, and ensures the quality of water. Developments in the Internet of Things, artificial intelligence, and data analytics are greatly improving the capabilities of smart water management systems, transforming how water resources are preserved and governed.
The outlook for sustainable water resource management is optimistic as global water issues become more pressing. Increasing urban development, the effects of climate change on water management practices, and a rising focus on sustainability are propelling the uptake of smart technologies for effective water management. Additionally, owing to ongoing advancements in water treatment technologies, such as advanced metering and Supervisory Control and Data Acquisition (SCADA), along with growing governmental support for smart water management, the smart water management market is expected to increase during the forecast period.
Based on type of management, the global smart water management market is segmented into advanced analytics, advanced pressure management, distribution network monitoring, enterprise asset management for water and wastewater utilities, meter data management (MDM) for water, network monitoring, residential water efficiency, SCADA systems for water and wastewater utilities, smart irrigation management systems, and solution asset management.
According to our estimates, currently, the meter data management (MDM) for water segment captures the majority share of the market. This can be attributed to the rising demand for efficient metering solutions that improve billing accuracy and leak detection capabilities. However, the advanced analytics segment is expected to grow at a relatively higher CAGR during the forecast period. This expansion is linked to the growing need for data-informed decision-making and enhanced operational efficiency within water management.
Based on type of service, the smart water management market is segmented into managed services and professional services. According to our estimates, currently, the professional services segment captures the majority of the market. This can be attributed to the importance of professional services such as system integration, consulting, and support for the successful implementation and enhancement of smart water management solutions.
However, the managed services sector is expected to grow at a relatively higher CAGR during the forecast period. This growth is driven by a rising demand for outsourcing water management functions. Utilities are increasingly pursuing this trend to lower operational expenses and enhance service quality through specialized providers.
Based on type of water meter, the smart water management market is segmented into AMI and AMR. According to our estimates, currently, AMI segment captures the majority of the market. This can be attributed to the application of these sensors across a wide variety of uses, owing to their capability to deliver real-time data on water usage via two-way communication systems
However, AMR segment is expected to grow at a relatively higher CAGR during the forecast period. This increase is due to a rising demand for effective water management solutions along with the need for real-time monitoring capabilities.
Based on type of offering, the smart water management market is segmented into service outlook, and solution outlook. According to our estimates, currently, the services outlook segment captures the majority of the market. This can be attributed to the increased awareness of water quality, consumer expectations, and advancements in smart water infrastructure technology. Additionally, the growing demand for professional services, such as system integration, consulting, and ongoing support, is further enhancing market growth for smart water management solutions.
Based on areas of application, the smart water management market is segmented into analytics and data management, leak detection, pressure control, water management, water quality & quantity monitoring, water treatment and automation. According to our estimates, currently, the analytics and data management segment captures the majority of the market. This can be attributed to the fact that it equips organizations to gather, analyze, and interpret extensive data, helping them to discern trends and make informed decisions. The increasing dependency on data-driven approaches in water management boosts operational efficiency and resource optimization.
However, the leak detection segment is expected to grow at a relatively higher CAGR during the forecast period. This growth is fueled by the increasing focus on minimizing non-revenue water losses and enhancing operational efficiency within water utilities. The emphasis on leak detection technologies in utilities is vital for promoting water conservation efforts and optimizing resource management.
Based on type of end-user, the smart water management market is segmented into commercial, industrial and residential. According to our estimates, currently, commercial segment captures the majority of the market. This can be attributed to the growing implementation of smart water management solutions by commercial entities, such as offices, hotels, and retail establishments, which aim to optimize water usage, lower operational expenses, and meet sustainability objectives.
However, the industrial segment is expected to grow at a relatively higher CAGR during the forecast period. This growth is fueled by the need for water conservation, process enhancement, and adherence to environmental regulations in water-centric sectors like manufacturing and chemical production.
Based on company size, the smart water management market is segmented into large and small and medium enterprise. According to our estimates, currently, large enterprise segment captures the majority of the market. However, small and medium enterprise segment is expected to grow at a relatively higher CAGR during the forecast period, owing to their flexibility, innovative approaches, focus on specialized markets, and capacity to adjust to evolving customer needs and market dynamics.
Based on geographical regions, the smart water management market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and the rest of the world. According to our estimates, currently, North America captures the majority share of the market. This increase can be attributed to the growing government support for the implementation of smart water management solutions through various initiatives and regulations in North America.
The report on the smart water management market features insights on various sections, including: