Smart Water Management (SWM) Market
By Component;
Devices, Solutions, and ServicesBy Solutions;
Security, Smart Irrigation Management, Advanced Pressure Management, Mobile Workforce Management, Network Management, CIS and Billing, Leak Detection, and Other SolutionsBy Deployment Mode;
On-Premise and Cloud-Based DeploymentBy Technology;
IoT, AI, Big Data & Analytics, Cloud Computing, and OthersBy End User ;
Residential, Commercial, and IndustrialBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Smart Water Management (SWM) Market Overview
Smart Water Management (SWM) Market (USD Million)
Smart Water Management (SWM) Market was valued at USD 18,554.34 million in the year 2024. The size of this market is expected to increase to USD 36,619.85 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 10.2%.
Smart Water Management (SWM) Market
*Market size in USD million
CAGR 10.2 %
Study Period | 2025 - 2031 |
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Base Year | 2024 |
CAGR (%) | 10.2 % |
Market Size (2024) | USD 18,554.34 Million |
Market Size (2031) | USD 36,619.85 Million |
Market Concentration | Low |
Report Pages | 358 |
Major Players
- ABB Ltd
- Aclara
- Arad Technologies
- Badger Meter
- Capgemini
- Cisco
- Elster
- General Electric
- HydroPoint Data Systems, Inc
- IBM Corporation
- Itron
- Landis+Gyr
- Mueller Systems
- Neptune Technology Group
- Oracle
- Schneider Electric
- Sensus
- Siemens AG
- Tata Consultancy Service
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Smart Water Management (SWM) Market
Fragmented - Highly competitive market without dominant players
The Smart Water Management (SWM) Market is advancing swiftly as industries and utilities aim to reduce water waste. Over 60% of utilities are affected by non-revenue water, spurring adoption of intelligent monitoring and control systems. These solutions help streamline water usage through data-driven automation, improving efficiency at every stage of the water cycle.
Technology Integration Reshaping Infrastructure
The adoption of smart meters, IoT sensors, and real-time data tools is revolutionizing water utilities. About 55% of organizations are leveraging these innovations to gain actionable insights into consumption patterns. The result is more accurate leak detection, better asset management, and enhanced decision-making capabilities.
Regulatory Support Fueling Growth
Government directives focused on sustainable water practices are fueling SWM investments. Nearly 50% of utilities are undergoing digital transformations to comply with environmental regulations. This has increased demand for remote control systems, AI-driven analytics, and automated operations across water networks.
Operational Efficiencies and Lower Costs
Smart water technologies are delivering up to 30% reductions in operational costs by minimizing inefficiencies. Features like automated alerts, predictive analytics, and cloud-based management platforms are replacing traditional methods and significantly reducing labor and maintenance expenses.
Smart Water Management (SWM) Market Recent Developments
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In July 2023, SUEZ, a leader in digital and circular solutions in waste and water services, and Schneider Electric, the leader in the digital transformation of energy management and automation, joined forces to accelerate the deployment of digital solutions for energy efficiency, resource conservation, and the control of carbon impact of water cycle management systems.
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In June 2023, SUEZ joined forces with Northumbrian Water Ltd. (NWL) as one of the key partners in the groundbreaking Hydro Powered Concentric Smart Meter Project, the recipient of the Ofwat1 Innovation Fund’s Catalyst Stream prize.
Smart Water Management (SWM) Market Segment Analysis
In this report, the Smart Water Management (SWM) Market has been segmented by Component, Solutions, Deployment Mode, Technology, End User, and Geography.
Smart Water Management (SWM) Market, Segmentation by Component
The Smart Water Management (SWM) Market has been segmented by Component into Devices, Solutions, and Services.
Devices
This segment includes physical components like smart meters, sensors, and controllers that enable real-time data collection and system automation. With the rise of IoT, devices form the backbone of smart infrastructure by facilitating efficient water flow monitoring and asset tracking.
Solutions
Solutions encompass integrated software and platforms designed to optimize resource allocation, pressure control, and data analytics. These tools enable predictive maintenance, demand forecasting, and leak detection, supporting utility companies and municipalities in driving digital transformation.
Services
Service offerings include installation, consulting, training, and managed services, playing a key role in the deployment and scaling of smart water systems. These services ensure system interoperability, regulatory compliance, and performance optimization over time.
Smart Water Management (SWM) Market, Segmentation by Solutions
The Smart Water Management (SWM) Market has been segmented by Solutions into Security, Smart Irrigation Management, Advanced Pressure Management, Mobile Workforce Management, Network Management, CIS and Billing, Leak Detection, and Other Solutions.
Security
This segment focuses on securing water infrastructure from cyber threats, unauthorized access, and data breaches. With growing digital connectivity, smart water systems require robust cybersecurity frameworks to ensure uninterrupted and safe operations.
Smart Irrigation Management
Smart irrigation systems leverage weather data, soil sensors, and real-time analytics to optimize water usage in agricultural and landscaping applications. These solutions support sustainability goals by minimizing water waste and enhancing crop productivity.
Advanced Pressure Management
These solutions use AI algorithms and real-time data to maintain optimal pressure levels in water distribution networks. They help in reducing pipe bursts, leakage rates, and energy consumption, thereby increasing infrastructure longevity.
Mobile Workforce Management
This solution streamlines field operations by connecting field technicians to cloud systems for task scheduling, asset tracking, and real-time reporting. It improves operational agility and reduces downtime in utility services.
Network Management
Network management tools provide a centralized dashboard to monitor water supply systems, flow dynamics, and pressure zones. These platforms are essential for quick decision-making and preventing service disruptions across regions.
CIS and Billing
Customer Information Systems (CIS) and billing platforms enable seamless customer account management, metering, and automated invoicing. They improve customer satisfaction while reducing manual processing and errors.
Leak Detection
Leak detection solutions utilize AI, acoustic sensors, and advanced analytics to identify hidden leaks, minimize water loss, and reduce operational costs. These technologies are essential for proactive maintenance strategies.
Other Solutions
This includes asset management, forecasting, and emergency response systems that address specialized needs within the smart water ecosystem. These tools offer modular, scalable functionalities for complex infrastructure environments.
Smart Water Management (SWM) Market, Segmentation by Deployment Mode
The Smart Water Management (SWM) Market has been segmented by Deployment Mode into On-Premise and Cloud-Based Deployment.
On-Premise
On-premise solutions are deployed locally and preferred by agencies seeking full control over data security and compliance. They are widely adopted in regions with strict regulatory mandates or where internet infrastructure is limited.
Cloud-Based Deployment
Cloud-based systems support remote access, scalability, and cost-effective deployment models. This deployment mode is becoming dominant due to its ability to support real-time analytics, seamless upgrades, and multi-device connectivity.
Smart Water Management (SWM) Market, Segmentation by Technology
The Smart Water Management (SWM) Market has been segmented by Technology into IoT, AI, Big Data & Analytics, Cloud Computing, and Others.
IoT
IoT plays a critical role in enabling interconnected water systems, real-time monitoring, and predictive alerts. Sensors and edge devices transmit key operational data, enhancing visibility and automation of water networks.
AI
AI is used for anomaly detection, forecasting, and decision-making optimization in smart water networks. AI algorithms enhance infrastructure planning, leakage prevention, and pressure management with minimal human intervention.
Big Data & Analytics
Big data analytics transforms large datasets into actionable insights for water quality monitoring, consumption trends, and efficiency analysis. This segment supports evidence-based policymaking and operational improvements.
Cloud Computing
Cloud technologies provide remote data access, elastic storage, and centralized system management. They support the integration of multiple smart solutions and ensure data accessibility across departments and locations.
Others
This includes emerging technologies like blockchain and digital twins, offering enhanced transparency, auditing, and virtual simulation capabilities. These innovations are shaping the next phase of digital transformation in water management.
Smart Water Management (SWM) Market, Segmentation by End User
The Smart Water Management (SWM) Market has been segmented by End User into Residential, Commercial, and Industrial.
Residential
The residential segment focuses on smart meters, automated billing, and personalized consumption data. These tools help households monitor water usage, detect leaks, and manage utility expenses more effectively.
Commercial
Commercial buildings adopt smart water systems for centralized monitoring, efficiency tracking, and regulatory compliance. Solutions cater to office complexes, malls, hotels, and hospitals aiming for operational sustainability.
Industrial
Industries use SWM solutions to optimize process water usage, recycling systems, and energy consumption. The industrial segment emphasizes accuracy, reliability, and compliance with environmental regulations.
Smart Water Management (SWM) Market, Segmentation by Geography
In this report, the Smart Water Management (SWM) Market has been segmented by Geography into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Regions and Countries Analyzed in this Report
Smart Water Management (SWM) Market Share (%), by Geographical Region
North America
North America holds about 31% of the market, driven by early smart utility adoption and robust infrastructure investment. The U.S. and Canada are pioneers in deploying IoT-based water management at municipal and industrial levels.
Europe
Europe accounts for nearly 27% of the market, with strong policy backing for resource conservation and smart metering. Nations like Germany, France, and the UK are integrating AI and cloud in municipal water systems.
Asia Pacific
Asia Pacific dominates with a 35% share, driven by large-scale urbanization and government-led smart infrastructure programs. Countries like China, India, and Japan are investing heavily in leak detection and real-time monitoring.
Middle East & Africa
This region holds about 4% of the market, with water-scarce nations focusing on efficiency and smart irrigation. UAE and South Africa are spearheading smart grid integration and pressure optimization initiatives.
Latin America
Latin America captures close to 3% of the market, driven by infrastructure modernization and utility automation. Brazil and Chile are early adopters, deploying smart billing and workforce management tools for water networks.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Smart Water Management (SWM) Market. These factors include; Market Drivers, Restraints and Opportunities Analysis
Drivers, Restraints and Opportunity Analysis
Drivers :
- Rising demand for water
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Aging water infrastructure - The Global Smart Water Management (SWM) Market is increasingly addressing the challenge of aging water infrastructure, a critical issue impacting water supply, quality, and distribution worldwide. Aging infrastructure, characterized by deteriorating pipes, valves, and treatment facilities, poses significant risks of water leakage, contamination, and service disruptions, threatening public health, environmental sustainability, and economic stability.
Smart water management solutions offer innovative approaches to mitigate the effects of aging infrastructure by leveraging advanced technologies such as IoT sensors, data analytics, and remote monitoring systems. These solutions enable utilities and municipalities to detect leaks, identify deteriorating assets, and prioritize maintenance and repair efforts proactively. By monitoring water flow, pressure, and quality in real-time, smart water management systems provide actionable insights to optimize asset performance, extend asset lifespan, and minimize water losses.
Restraints :
- High upfront costs
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Lack of awareness - In the Global Smart Water Management (SWM) Market, one of the prominent challenges hindering market growth is the lack of awareness among potential users and stakeholders. Despite the significant benefits offered by smart water management solutions in terms of water conservation, cost savings, and environmental sustainability, many individuals, organizations, and communities remain unaware of these technologies and their potential impact.
This lack of awareness stems from various factors, including limited education and outreach efforts, insufficient marketing and promotion of smart water management solutions, and a general lack of understanding about the importance of water management practices. As a result, there is often resistance to adopting new technologies or investing in water management initiatives, particularly in regions where water resources may be perceived as abundant or where traditional water management practices are deeply entrenched.
Opportunities :
- Technological advancements
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Increased focus on sustainability - In recent years, the Global Smart Water Management (SWM) Market has witnessed a significant uptick in focus on sustainability, driven by mounting concerns over water scarcity, environmental degradation, and climate change. Governments, businesses, and communities worldwide are increasingly recognizing the urgent need to adopt sustainable water management practices to ensure the availability of clean water for future generations.
This heightened focus on sustainability is reflected in the growing demand for smart water management solutions that enable more efficient use of water resources, minimize wastage, and promote conservation. Smart technologies such as IoT-enabled sensors, data analytics platforms, and real-time monitoring systems empower stakeholders to better understand water usage patterns, identify leaks or inefficiencies, and implement targeted interventions to optimize water usage and reduce environmental impact.
Competitive Landscape Analysis
Key players in Global Smart Water Management (SWM) Market include;
- ABB Ltd
- Aclara
- Arad Technologies
- Badger Meter
- Capgemini
- Cisco
- Elster
- General Electric
- HydroPoint Data Systems, Inc
- IBM Corporation
- Itron
- Landis+Gyr
- Mueller Systems
- Neptune Technology Group
- Oracle
- Schneider Electric
- Sensus
- Siemens AG
- Tata Consultancy Service
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Component
- Market Snapshot, By Solutions
- Market Snapshot, By Deployment Mode
- Market Snapshot, By Technology
- Market Snapshot, By End User
- Market Snapshot, By Region
- Smart Water Management (SWM) Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Rising demand for water
- Aging water infrastructure
- Restraints
- High upfront costs
- Lack of awareness
- Opportunities
- Technological advancements
- Increased focus on sustainability
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
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Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Smart Water Management (SWM) Market, By Component, 2021 - 2031 (USD Million)
- Devices
- Solutions
- Services
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Smart Water Management (SWM) Market, By Solutions, 2021 - 2031 (USD Million)
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Security
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Smart Irrigation Management
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Advanced Pressure Management
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Mobile Workforce Management
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Network Management
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CIS
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Billing
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Leak Detection
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Other
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Smart Water Management (SWM) Market, By Deployment Mode, 2021 - 2031 (USD Million)
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On-Premise
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Cloud-Based Deployment
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Smart Water Management (SWM) Market, By Technology, 2021 - 2031 (USD Million)
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IoT
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AI
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Big Data & Analytics
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Cloud Computing
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Others
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- Smart Water Management (SWM) Market, By End User , 2021 - 2031 (USD Million)
- Residential
- Commercial
- Industrial
- Smart Water Management (SWM) Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Smart Water Management (SWM) Market, By Component, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- ABB Ltd
- Aclara
- Arad Technologies
- Badger Meter
- Capgemini
- Cisco
- Elster
- General Electric
- HydroPoint Data Systems, Inc
- IBM Corporation
- Itron
- Landis+Gyr
- Mueller Systems
- Neptune Technology Group
- Oracle
- Schneider Electric
- Sensus
- Siemens AG
- Tata Consultancy Service
- Company Profiles
- Analyst Views
- Future Outlook of the Market