Water Management Systems Global Market Report 2024

The water management systems market size has grown rapidly in recent years. It will grow from $13.43 billion in 2023 to $15.21 billion in 2024 at a compound annual growth rate (CAGR) of 13.2%. The growth in the historic period can be attributed to growing awareness about water scarcity, industrialization and expansion of manufacturing sectors, concerns over water pollution and contamination, shift towards decentralized water management systems, and climate change impacts such as droughts and floods.

The water management systems market size is expected to see rapid growth in the next few years. It will grow to $25.19 billion in 2028 at a compound annual growth rate (CAGR) of 13.4%. The growth in the forecast period can be attributed to continued urbanization and industrialization, adoption of smart water management technologies, IoT solutions for improved efficiency, rising investments in water recycling, and expansion of agriculture and irrigation activities. Major trends in the forecast period include decentralized water treatment, sustainable infrastructure development, integrated water resource management, circular economy initiatives, and climate resilience strategies.

The anticipated rise in industrialization is poised to drive the expansion of the water management systems market in the foreseeable future. Industrialization involves transitioning an economy from primarily rural and craft-based to one dominated by industry, manufacturing, and mechanized production methods. This upward trend in industrialization is fueled by technological advancements, government initiatives supporting industrial growth, globalization, and the growing demand for manufactured goods. This trend presents a significant opportunity for water management systems providers as industries seek solutions to address water-related challenges, enhance operational efficiency, and achieve sustainable growth amid increasing water scarcity and environmental pressures. For example, according to the Office for National Statistics in July 2023, the total value of UK manufacturers' product sales reached £429.8 billion ($518.3 billion) in 2022, marking a 7% increase from £401.5 billion ($484.1 billion) in 2021. Thus, the surge in industrialization is a key driver behind the growth of the water management systems market.

Leading companies in the water management systems market are prioritizing the development of innovative solutions, such as next-generation water management solutions, to solidify their market position. A next-generation water management solution typically refers to an advanced system or approach that utilizes technology, data analytics, and innovation to enhance the efficiency, sustainability, and resilience of water resource management. For instance, in March 2023, WINT Water Intelligence, a US-based provider of AI-based water management technologies, unveiled its new WINT3 platform to enhance its water management capabilities. The platform employs artificial intelligence to detect and halt leaks at their source, reducing water waste and minimizing damage to buildings and construction sites. It features automated leak mitigation with real-time detection and auto shutoff, advanced anomaly detection and analytics powered by sophisticated AI algorithms, and enterprise-grade management suitable for large and mid-sized facilities.

In October 2023, BW Water Pte. Ltd., a Singapore-based provider of industrial water and wastewater systems, completed the acquisition of SafBon Water Technology Inc. for an undisclosed sum. Through this acquisition, BW Water aims to expand its global presence, bolster its market share for industrial and municipal solution sales in the US, and diversify into the desalination market. SafBon Water Technology Inc. is a US-based company specializing in comprehensive solutions for advanced wastewater and water treatment systems.

Major companies operating in the water management systems market are Siemens Water Technologies LLC, General Electric Company, International Business Machines Corporation, Veolia Environnment S.A., Asea Brown Boveri Ltd., Schlumberger Limited, Emerson Electric Co., Xylem Inc., Aker Solutions ASA, Pentair plc, Tetra Tech Inc., Kurita Water Industries Ltd., Horiba Ltd., Evoqua Water Technologies Inc., Landis+Gyr, Northumbrian Water Group Limited, Aclara Technologies, ACWA Power International, Aqualia Infraestructuras S.A., Kamstrup, Schneider Electric SE, Aquatech International LLC, CETCO, Nijhuis Industries B.V., Alderley plc, Eco Tec Inc.

North America was the largest region in the market in water management systems 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the water management systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the water management systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Water management systems encompass the infrastructure, technologies, and practices employed to oversee, regulate, and enhance the utilization, distribution, and treatment of water resources. These systems play a vital role in monitoring water consumption, managing distribution networks, optimizing resource allocation, treating water for diverse purposes, and identifying leaks within the infrastructure.

The primary components of water management systems are hardware, software, and services. In the water management systems market, hardware pertains to tangible equipment such as sensors, meters, pumps, valves, and controllers utilized for monitoring, controlling, and managing water resources. These systems find applications in water management, leak detection, monitoring water quality and quantity, and various other uses across residential, industrial, and commercial sectors.

The water management systems market research report is one of a series of new reports that provides water management systems market statistics, including the water management systems industry global market size, regional shares, competitors with a water management systems market share, detailed water management systems market segments, market trends and opportunities, and any further data you may need to thrive in the water management systems industry. This water management systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The water management systems market consists of revenues earned by entities providing services such as water treatment, purification, distribution, water audits and assessments, and water metering and monitoring. The market value includes the value of related goods sold by the service provider or included within the service offering. The water management systems market also includes sales of water treatment equipment, pumps and pumping systems, valves and flow control devices, rainwater harvesting systems, and monitoring and control systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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