1. Market Research
  2. > Energy & Environment
  3. > Environmental Services
  4. > Water Utility Market Trends
Smart Water Management Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Smart Water Management Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

  • June 2022
  • 151 pages
  • ID: 6272897
  • Format: PDF
  • Mordor Intelligence LLP


Table of Contents

Search Inside

The global smart water management market (henceforth referred to as the market studied) was valued at USD 6.92 billion in 2021, and it is expected to reach USD 14.54 billion by 2027, registering a CAGR of 13.89% during the period 2022-2027 (henceforth referred to as the forecast period).

Key Highlights
In recent years, owing to increasing population and urbanization, the global demand for water and the need to address the cost implications of maintaining aging infrastructure are among the major motivating factors for growth in the smart water management market.
Smart water management (SWM) uses information and communication technology (ICT) and real-time data and responses, which is an integral part of the solution for water management challenges. The potential application of smart systems in water management is vast and includes solutions for water quality, water quantity, efficient irrigation, leaks, pressure and flow, floods, droughts, and much more.
Water scarcity may directly affect nearly 20% of the human population by 2025, UN reports state, and indirectly influence the rest of the planet’s inhabitants. Smart water systems based on the combination of the IoT, big data, and AI technologies may help stop these predictions and undo the damage the imprudent usage of water resources has already caused.
The proliferation of IoT and smart cities regionally is also expected to promote growth in the market. The technological advancements of smart meters and their integration with communication solutions (SCADA, GIS, etc.) have transformed water management to address the challenges faced by water utilities, residents, and industries, in terms of inaccurate billing and water management.
Investments in water security comprise a heterogeneous range of activities. For example, investing in a wastewater treatment plant is different from financing a floodplain to protect a city from flood risks. Similarly, financing the construction and start-up of a new desalination plant raises different challenges and opportunities than financing the refurbishment of one in operation. At the same time, the range of financiers is also diverse, with different mandates, investment objectives, risk appetites, and liquidity needs.
Municipalities globally suffered heavily from the loss of funds due to the COVID-19 pandemic. However, these losses are driving the digitalization of the water sector. The new project out of Duke University, the Internet of Water, unites the United States communities into a national network of users, hubs, and producers to share standardized water usage information and new technologies to create a modern water data infrastructure. After considerable success in the United States, the Internet of Water plans on going global in 2021.

Key Market Trends

The Residential Segment is Expected to Hold the Major Share

Residential water usage accounts for a large portion of water consumption globally, as water is considered a luxury that needs to be conserved efficiently. Therefore, technology also plays a vital role in making people liable for the misuse of water.

Consumers are upgrading their residences by adopting smart water management software and hardware. This adoption rate is rapidly increasing as software and hardware become cheaper and more affordable. Digitization, along with the adoption of connected technologies, is impacting all applications of smart water management solutions by revolutionizing the way smart water management systems interact with the surroundings in the residential sector.
As customers in the residential applications are becoming increasingly aware of the benefits of smart water management solutions in terms of reduced water wastage, the demand for such solutions for home and building automation is expected to increase over the forecast period. For instance, in July 2021, RealPage Inc., a global provider of real estate software and data analytics, launched Smart Water, the first multifamily solution to use submeter technology, to drastically lower the cost of water management for both residential units and common areas.
Moreover, Biz Intellia, an end-to-end IoT solution, helps to manage water leaks in residential societies. It can also cover an entire city, and the range of one gateway is up to 6 miles in urban areas and 10 miles in open country areas. Multiple gateways can also be installed in case of broader area coverage requirements.
Initiatives for saving water from governments worldwide contribute to the rising demand for smart residential water management solutions. Connected systems are anticipated to emerge as one of the most critical components of smart water management software by contributing mainly to the sustainability goals of the projects.

Asia Pacific is Expected to Register the Fastest Growth

The Asia Pacific is home to more than 2.1 billion urban residents, with over two-thirds estimated to live in cities by 2050. The region comprises countries with substantial non-revenue water (NRW) losses like India (with almost 60% of revenue losses from the total distributed water), Singapore, and others. Such figures signify the need for water management and indicate the potential for market growth in the region. ?
The rising number of smart cities in the region is expected to create substantial business opportunities for smart water management solutions providers. India is planning to build over 100 smart cities by 2022, amounting to about half a million dollars, which is expected to impact almost 1 billion people. Also, Singapore had spent over USD 1 billion on smart city initiatives during fiscal 2019. Such smart city initiatives in the region are expected to provide huge scope for adopting advanced metering infrastructure. ?
Significant initiatives to develop smart water systems are evident in Asian countries like Malaysia, Vietnam, Thailand, and others, indicating the scope for the growth of the market. Japan, which has relatively lower NRW (US-24%), has invested in water management infrastructure. With the aid of its Japan Water Research Center (JWRC), Japan has planned to achieve a 100% smart water meter rollout by 2025. ?
The region is also witnessing demand for IoT platforms, owing to the growing number of connected devices and the adoption of IoT technologies for water management. For instance, Agua Water Systems, an Indian Start-up, enables the monitoring of water usage with the help of smart solutions. The plug and play system utilizes artificial intelligence (AI) to analyze water usage, the measure water level in the pump, and control water distribution. Several smart wireless devices, such as motor controllers, ultrasonic sensors, and flow sensors, are used.
Furthermore, digitization, along with the adoption of connected technologies in developing nations, is impacting all applications of smart water management solutions by revolutionizing the way smart water management systems interact with the surroundings in the residential sector.

Competitive Landscape

The smart water management market is pretty fragmented, as the market comprises several global players and emerging new players vying for attention in a somewhat contested market space. The market is witnessing intensifying competitive rivalry due to new startups in IoT and AI-based offerings, which are expected to rise through the forecast period. Some significant companies include ABB Limited, IBM Corporation, Schneider Electric, and Honeywell International Inc. Some noticeable recent developments in the market include:

October 2021 - ABB has signed a partnership agreement with a Danish water environment specialist to collaboratively create the next generation of smart water solutions that encourage more attentive water use. These solutions would enable clients in this market to better control water availability and increase plant operating efficiency in both process and energy optimization.
June 2021 - Mueller Water Products Inc. declared that it had acquired i2O Water Ltd. for approximately USD 20 million in cash. The acquisition will give i2O access to more significant financial resources and help it introduce its products and solutions in North America, where i20 currently has a minimal presence.

Additional Benefits:

The market estimate (ME) sheet in Excel format
3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers


Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on