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Smart Water Management Market: By Water Meter, By End Use, By Solution, By Service, By Application and Geography
Smart Water Management Market size was valued at US$ 14,289.3 million in 2023 and is poised to grow at a CAGR of 11.2% from 2024-2030. Smart Water Management (SWM) involves the integration of advanced technologies and data analytics to optimize the use and distribution of water resources. It includes monitoring, controlling, and regulating water supply systems to ensure efficient use, minimize waste, and maintain water quality. Key components include smart meters, sensors, data analytics, and automated control systems. Growing global water scarcity drives the need for efficient water management solutions thus increasing the market growth.
Additionally, governments and regulatory bodies mandate adopting sustainable water management practices. In addition, the government of Manitoba declared in November 2022 the introduction of a new water management strategy that would guide future choices, actions, and expenditures to protect the water ecosystems and resources of the province while building communities and the economy sustainably. Also, rapid urbanization increases the demand for smart water management solutions to handle growing water needs in cities. The implementation of smart water management industry revenue can be costly, deterring some municipalities and organizations. The need for specialized skills to operate and maintain smart water management systems limits their widespread adoption and restrains the market.
Study Period
2024-2030Base Year
2023CAGR
11.2%Largest Market
Asia-PacificFastest Growing Market
Asia-Pacific
The global water scarcity is a critical issue that necessitates the adoption of efficient water management solutions, significantly driving the growth of the smart water management market. Governments and organizations worldwide are investing in technologies and infrastructure to address this challenge. For instance, Cape Town, South Africa faced a severe water crisis in 2018, prompting the implementation of smart water management solutions such as smart meters and leak detection systems. These technologies helped monitor and reduce water consumption, delaying the city's "Day Zero".
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 14,289.3 million |
Market CAGR |
11.2% |
By Water Meter |
|
By Application |
|
By Solution |
|
By Service |
|
By End User |
|
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Smart water management involves using advanced technologies like IoT, AI, and data analytics to optimize water distribution, reduce waste, and maintain water quality.
It is essential for addressing water scarcity, reducing wastage, and ensuring sustainable water use, especially in urban areas.
Xylem Inc. launched a new smart water platform called "Avensor" in 2021.
North America is leading the market due to its advanced infrastructure, strong government support, and technological leadership.
Challenges include high initial costs, data privacy concerns, and the need for a skilled workforce to operate and maintain the systems.
1.Executive Summary |
2.Global Smart Water Management Market Introduction |
2.1.Global Smart Water Management Market - Taxonomy |
2.2.Global Smart Water Management Market - Definitions |
2.2.1.Water Meter |
2.2.2.Application |
2.2.3.Solution |
2.2.4.Service |
2.2.5.End-user |
2.2.6.Region |
3.Global Smart Water Management Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Smart Water Management Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Smart Water Management Market By Water Meter, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. AMR |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. AMI |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
6.Global Smart Water Management Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Water Pipeline Monitoring & Leak Detection |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Water Level Monitoring and Dam Management |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Water Consumption & Distribution |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Irrigation Management |
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Waste Water Monitoring |
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
6.6. Others |
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.6.3. Market Opportunity Analysis |
7.Global Smart Water Management Market By Solution, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. Enterprise Asset Management |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Analytics and data management |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Security |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Advanced pressure management |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Network Management |
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
7.6. Smart Irrigation Management |
7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.6.3. Market Opportunity Analysis |
7.7. Customer information system and billing |
7.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.7.3. Market Opportunity Analysis |
7.8. Other |
7.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.8.3. Market Opportunity Analysis |
8.Global Smart Water Management Market By Service, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. Professional |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Managed |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
9.Global Smart Water Management Market By End-user, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. Commercial |
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Public Sector |
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Residential |
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
10.Global Smart Water Management Market By Region, 20110 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. North America |
10.1.1. Market Analysis, 20110 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
10.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
10.1.3. Market Opportunity Analysis |
10.2. Europe |
10.2.1. Market Analysis, 20110 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
10.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
10.2.3. Market Opportunity Analysis |
10.3. Asia Pacific (APAC) |
10.3.1. Market Analysis, 20110 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
10.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
10.3.3. Market Opportunity Analysis |
10.4. Middle East and Africa (MEA) |
10.4.1. Market Analysis, 20110 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
10.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
10.4.3. Market Opportunity Analysis |
10.5. Latin America |
10.5.1. Market Analysis, 20110 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
10.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
10.5.3. Market Opportunity Analysis |
11.North America Smart Water Management Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Water Meter Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.AMR |
11.1.2.AMI |
11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Water Pipeline Monitoring & Leak Detection |
11.2.2.Water Level Monitoring and Dam Management |
11.2.3.Water Consumption & Distribution |
11.2.4.Irrigation Management |
11.2.5.Waste Water Monitoring |
11.2.6.Others |
11.3. Solution Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Enterprise Asset Management |
11.3.2.Analytics and data management |
11.3.3.Security |
11.3.4.Advanced pressure management |
11.3.5.Network Management |
11.3.6.Smart Irrigation Management |
11.3.7.Customer information system and billing |
11.3.8.Other |
11.4. Service Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.Professional |
11.4.2.Managed |
11.5. End-user Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.5.1.Commercial |
11.5.2.Public Sector |
11.5.3.Residential |
11.6. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.6.1.United States of America (USA) |
11.6.2.Canada |
12.Europe Smart Water Management Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Water Meter Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.AMR |
12.1.2.AMI |
12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Water Pipeline Monitoring & Leak Detection |
12.2.2.Water Level Monitoring and Dam Management |
12.2.3.Water Consumption & Distribution |
12.2.4.Irrigation Management |
12.2.5.Waste Water Monitoring |
12.2.6.Others |
12.3. Solution Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Enterprise Asset Management |
12.3.2.Analytics and data management |
12.3.3.Security |
12.3.4.Advanced pressure management |
12.3.5.Network Management |
12.3.6.Smart Irrigation Management |
12.3.7.Customer information system and billing |
12.3.8.Other |
12.4. Service Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.Professional |
12.4.2.Managed |
12.5. End-user Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.5.1.Commercial |
12.5.2.Public Sector |
12.5.3.Residential |
12.6. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.6.1.Germany |
12.6.2.France |
12.6.3.Italy |
12.6.4.United Kingdom (UK) |
12.6.6.Spain |
13.Asia Pacific (APAC) Smart Water Management Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
13.1. Water Meter Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.AMR |
13.1.2.AMI |
13.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Water Pipeline Monitoring & Leak Detection |
13.2.2.Water Level Monitoring and Dam Management |
13.2.3.Water Consumption & Distribution |
13.2.4.Irrigation Management |
13.2.5.Waste Water Monitoring |
13.2.6.Others |
13.3. Solution Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Enterprise Asset Management |
13.3.2.Analytics and data management |
13.3.3.Security |
13.3.4.Advanced pressure management |
13.3.5.Network Management |
13.3.6.Smart Irrigation Management |
13.3.7.Customer information system and billing |
13.3.8.Other |
13.4. Service Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Professional |
13.4.2.Managed |
13.5. End-user Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.5.1.Commercial |
13.5.2.Public Sector |
13.5.3.Residential |
13.6. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.6.1.China |
13.6.2.India |
13.6.3.Australia and New Zealand (ANZ) |
13.6.4.Japan |
13.6.6.Rest of APAC |
14.Middle East and Africa (MEA) Smart Water Management Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
14.1. Water Meter Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.1.1.AMR |
14.1.2.AMI |
14.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.2.1.Water Pipeline Monitoring & Leak Detection |
14.2.2.Water Level Monitoring and Dam Management |
14.2.3.Water Consumption & Distribution |
14.2.4.Irrigation Management |
14.2.5.Waste Water Monitoring |
14.2.6.Others |
14.3. Solution Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.3.1.Enterprise Asset Management |
14.3.2.Analytics and data management |
14.3.3.Security |
14.3.4.Advanced pressure management |
14.3.5.Network Management |
14.3.6.Smart Irrigation Management |
14.3.7.Customer information system and billing |
14.3.8.Other |
14.4. Service Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.4.1.Professional |
14.4.2.Managed |
14.5. End-user Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.5.1.Commercial |
14.5.2.Public Sector |
14.5.3.Residential |
14.6. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.6.1.GCC Countries |
14.6.2.South Africa |
14.6.3.Rest of MEA |
15.Latin America Smart Water Management Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
15.1. Water Meter Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
15.1.1.AMR |
15.1.2.AMI |
15.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
15.2.1.Water Pipeline Monitoring & Leak Detection |
15.2.2.Water Level Monitoring and Dam Management |
15.2.3.Water Consumption & Distribution |
15.2.4.Irrigation Management |
15.2.5.Waste Water Monitoring |
15.2.6.Others |
15.3. Solution Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
15.3.1.Enterprise Asset Management |
15.3.2.Analytics and data management |
15.3.3.Security |
15.3.4.Advanced pressure management |
15.3.5.Network Management |
15.3.6.Smart Irrigation Management |
15.3.7.Customer information system and billing |
15.3.8.Other |
15.4. Service Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
15.4.1.Professional |
15.4.2.Managed |
15.5. End-user Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
15.5.1.Commercial |
15.5.2.Public Sector |
15.5.3.Residential |
15.6. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
15.6.1.Brazil |
15.6.2.Mexico |
15.6.3.Rest of LA |
16. Competition Landscape |
16.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
16.2.1.ABB |
16.2.2.Elster Group SE |
16.2.3.General Electric |
16.2.4.Global Water Management |
16.2.5.i2O Water Ltd |
16.2.6.IBM Corporation, Itron |
16.2.7.Neptune Technology Group |
16.2.8.Oracle Corporation |
16.2.9.Radius Synergies International Pvt Ltd |
16.2.10.SAP SE |
16.2.11.Schneider Electric |
16.2.12.SENSUS USA INC |
16.2.13.TaKaDu |
16.2.14.Trimble Water |
17. Research Methodology |
18. Appendix and Abbreviations |
Key Market Players