Smart Water Management Market Overview
The global smart water management market was valued at USD 13.73 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 10.3% during the forecast period.
Market Drivers
Key factors driving market growth include:
- Rising global demand for sustainable water use and conservation
- Increasing adoption of IoT, AI, and cloud-based solutions in utility management
- Aging water infrastructure in developed countries requiring modernization
- Government initiatives promoting smart city developments and efficient water usage
Market Segmentation
The smart water management market can be segmented by component, solution, end-user, and region:
- By Component: Hardware, Software, Services
- By Solution: Advanced Pressure Management, Network Monitoring, Leak Detection, Analytics & Data Management
- By End-User: Residential, Commercial, Industrial, Utility
- By Region: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa
Key Market Players
Leading companies in the smart water management market include:
- ABB
- Elster Group SE
- General Electric
- Global Water Management
- i2O Water Ltd
- IBM Corporation
- Itron
- Neptune Technology Group
- Oracle Corporation
- Radius Synergies International Pvt Ltd
- SAP SE
- Schneider Electric
- SENSUS USA INC
- SenzIoT
- Siemens
- SUEZ
- TaKaDu
- Trimble Water
Conclusion
With increasing water stress, urbanization, and digital transformation in utilities, the smart water management market is poised for robust growth. Industry leaders are leveraging advanced technologies to enable efficient water distribution, real-time monitoring, and proactive infrastructure maintenance.
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