PUBLISHER: The Business Research Company | PRODUCT CODE: 1730916
PUBLISHER: The Business Research Company | PRODUCT CODE: 1730916
The Internet of Things (IoT) in water management utilizes smart sensors, real-time monitoring, and automated systems to optimize water use, detect leaks, and ensure efficient distribution. It enables data-driven decision-making, which helps reduce waste and enhance sustainability. IoT plays a significant role in promoting water conservation across agriculture, industries, and urban infrastructure.
The key components of IoT in water management include hardware, software, and services. Hardware encompasses physical devices such as sensors, meters, and communication modules that collect and transmit data. These devices measure various parameters, such as water flow, quality, and pressure, ensuring precise monitoring. Technologies such as cloud-based solutions, edge computing, and hybrid systems are employed. These applications are used for water quality monitoring, leakage detection, water level monitoring, and water usage tracking, with end-users spanning residential, commercial, industrial, and agricultural sectors.
The IoT in water management market research report is one of a series of new reports from The Business Research Company that provides IoT in water management market statistics, including IoT in water management industry global market size, regional shares, competitors with a IoT in water management market share, detailed IoT in water management market segments, market trends and opportunities, and any further data you may need to thrive in the IoT in water management industry. This IoT in water management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The IoT in water management market size has grown rapidly in recent years. It will grow from $10.29 billion in 2024 to $11.80 billion in 2025 at a compound annual growth rate (CAGR) of 14.7%. The growth during the historic period can be attributed to several factors, including the rising demand for efficient water resource management, the development of smart cities, and the implementation of smart water meters for real-time usage data. Additionally, supportive regulatory frameworks promoting sustainability and reducing water waste, along with government initiatives and the integration of smart sensors and analytics for operational efficiency and regulatory compliance, played significant roles.
The IoT in water management market size is expected to see rapid growth in the next few years. It will grow to $20.23 billion in 2029 at a compound annual growth rate (CAGR) of 14.4%. The projected growth during the forecast period can be attributed to several factors, including the growing use of smart irrigation systems for precision farming and water conservation, increased environmental awareness, the adoption of smart water meters, the integration of IoT in precision agriculture, and the rising trend of smart city initiatives. Key trends during this period include the widespread adoption of smart water meters for accurate measurement, the integration of IoT in precision agriculture, growing government and regulatory support for IoT-based water conservation solutions, the expansion of smart city initiatives driving demand for IoT in water management, and advancements in sensor technologies and machine learning that enhance data collection, analysis, and prediction.
The growing issue of water scarcity is expected to drive the expansion of the IoT in water management market. Water scarcity refers to the insufficient availability of freshwater resources to meet the needs of a population, region, or ecosystem. This problem is exacerbated by climate change, which causes shifts in rainfall patterns, extended droughts, and decreased freshwater availability, all of which put significant pressure on water resources. IoT applications in water management help address this issue by enabling real-time monitoring, leak detection, efficient irrigation, and smart allocation of resources. According to the United Nations Environment Programme (UNEP) in March 2024, around 4 billion people experience water shortages for at least one month each year. By 2025, it's estimated that 1.8 billion people may face absolute water scarcity. As a result, the increasing water scarcity is driving the growth of the IoT in water management market.
Companies operating in the IoT in water management market are focusing on innovations such as real-time data analysis to enhance water conservation, optimize resource use, improve operational efficiency, and enable predictive maintenance. Real-time data analysis involves continuously collecting, processing, and interpreting data to facilitate immediate decision-making and responses. For example, in November 2022, Vedanta Aluminium, an Indian aluminium producer, implemented IoT technology at its power plants to monitor cooling water quality and reduce overall consumption. The IoT system analyzes real-time data and suggests optimal water parameters to enhance water reuse cycles, improving conservation efforts. This initiative has led to better water quality, reduced scaling and corrosion, and improved the operational efficiency of the power plant. This is part of Vedanta's larger digital transformation to enhance resource management and manufacturing performance.
In August 2024, Esyasoft Holding Ltd, a UAE-based provider of smart grid technology solutions, acquired a 70% stake in Float IoT for an undisclosed amount. This acquisition aims to bolster Esyasoft's position in the smart water technology sector by leveraging Float's IoT solutions to enhance water efficiency and sustainability. Float IoT, based in the Netherlands, specializes in providing IoT solutions that improve the insights and operational efficiency of water utilities.
Major players in the IoT in water management market are Microsoft Corporation, Siemens AG, International Business Machines Corporation (IBM), Cisco Systems Inc., Schneider Electric SE, Honeywell International Inc., ABB Ltd., Toshiba Corporation, Xylem Inc., Grundfos Holding A/S, Trimble Inc., Itron Inc., Landis+Gyr Group AG, SMEC Holdings Limited, Bentley Systems Incorporated, Badger Meter Inc., Kamstrup A/S, Mueller Systems LLC, Ayyeka Technologies Ltd., Sensoterra B.V., Hydrific Pty Ltd., Subeca Inc., HydroPoint Data Systems Inc., and Aquiba Pty Ltd.
North America was the largest region in the IoT in water management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in IoT in water management report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the IoT in water management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The IoT in water management market consists of revenues earned by entities providing services such as smart water management services, water quality analysis services, and smart irrigation system services. The market value includes the value of related goods sold by the service provider or included within the service offering. The IoT in water management market also includes sales of smart water meters, IoT-enabled sensors for water monitoring, and leak detection devices. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
IoT In Water Management Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on iot in water management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for iot in water management ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The iot in water management market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.