Smart Water Management Market To Reach $50,740.8 Million By 2033

Smart Water Management Market Growth & Trends

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.

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Smart Water Management Market Report Highlights

• Water meters dominated the market and accounted for a share of 44% in 2024. Smart water meters offer precise measurement of water consumption, which ensures accurate billing for consumers and significantly reduces revenue losses for utilities.

• Services segment is expected to grow at 14% CAGR over the forecast period. The increased demand for consulting and advisory services in the smart water management sector reflects utilities' and municipalities' growing need for expert guidance in implementing efficient and effective solutions.

• The industrial segment held the highest revenue market share 2024. Smart water management systems provide industrial facilities with substantial operational cost savings through several key mechanisms.

• The commercial segment is expected to witness the highest CAGR from 2025 to 2033. Stringent regulations and mandates governing water usage and conservation exert significant pressure on commercial establishments to adopt smart water technologies.

• The North America region held the highest market share of 34% in terms of revenue in the year 2024. Rapid urbanization and population growth in North American cities are significantly increasing the demand for smart water solutions.

Smart Water Management Market Segmentation

Grand View Research has segmented the global smart water management market report based on offering, end use, and region:

Smart Water Management Offerings Outlook (Revenue, USD Million, 2021 - 2033)

• Water Meters

• Solutions

  • Asset Management

  • Distribution Network Monitoring

  • Supervisory Control and Data Acquisition (SCADA)

  • Meter Data Management (MDM)

  • Analytics

  • Others

• Services

  • Integration & Deployment

  • Support & Maintenance

  • Consulting

Smart Water Management End Use Outlook (Revenue, USD Million, 2021 - 2033)

• Residential

• Commercial

• Industrial

Smart Water Management Regional Outlook (Revenue, USD Million, 2021 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • UAE

  • Saudi Arabia

  • South Africa

List of Key Players of Smart Water Management Market

• Siemens

• International Business Machines Corporation

• Xylem.

• Honeywell International Inc

• Schneider Electric

• Itron Inc.

• SUEZ

• Oracle

• Landis+Gyr

• Trimble Inc.