The Business Research Company’s report on the IoT In Water Management Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the iot in water management market further?
The increasing water scarcity is expected to propel the growth of the IoT in the water management market going forward. Water scarcity refers to the lack of sufficient freshwater resources to meet the demands of a population, region, or ecosystem. Water scarcity is increasing due to climate change, which leads to altered rainfall patterns, prolonged droughts, and reduced freshwater availability, putting stress on water resources. IoT in water management helps reduce water scarcity by enabling real-time monitoring, leak detection, efficient irrigation, and smart resource allocation. For instance, in March 2024, according to the United Nations Environment Programme (UNEP), a Kenya-based intergovernmental organization, at least 4 billion people face water shortages for at least one month each year. Furthermore, by 2025, an estimated 1.8 billion people may experience absolute water scarcity. Therefore, the increasing water scarcity is driving the growth of the IoT in the water management market.
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What are the key factors influencing the forecasted market size of the iot in water management industry?
The IoT in water management market size has grown rapidly in recent years. It will grow from $10.29 billion in 2024 to $11.80 billion in 2025 at a compound annual growth rate (CAGR) of 14.7%. The growth in the historic period can be attributed to increasing demand for efficient water resource management, rise of smart cities and deployment of smart water meters for real-time usage data, supportive regulatory frameworks promoting sustainability and reducing water waste, government initiatives and integration of smart sensors and analytics for operational efficiency and regulatory compliance.
The IoT in water management market size is expected to see rapid growth in the next few years. It will grow to $20.23 billion in 2029 at a compound annual growth rate (CAGR) of 14.4%. The growth in the forecast period can be attributed to increasing use of smart irrigation systems for precision farming and water conservation, growing environmental awareness, adoption of smart water meters, integration of IoT in precision agriculture, and rising trend of smart city initiatives. Major trends in the forecast period include adoption of smart water meters for precise measurement, integration of iot in precision agriculture, rising government and regulatory support for iot-based water conservation solutions, expansion of smart city initiatives driving demand for iot in water management, and advancements in sensor technologies and machine learning enhancing data collection, analysis, and prediction.
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Who are the leading competitors in the iot in water management market?
Major companies operating in the IoT in water management market are Microsoft Corporation, Siemens AG, International Business Machines Corporation (IBM), Cisco Systems Inc., Schneider Electric SE, Honeywell International Inc., ABB Ltd., Toshiba Corporation, Xylem Inc., Grundfos Holding A/S, Trimble Inc., Itron Inc., Landis+Gyr Group AG, SMEC Holdings Limited, Bentley Systems Incorporated, Badger Meter Inc., Kamstrup A/S, Mueller Systems LLC, Ayyeka Technologies Ltd., Sensoterra B.V., Hydrific Pty Ltd., Subeca Inc., HydroPoint Data Systems Inc., Aquiba Pty Ltd.
Which emerging trends are set to transform the iot in water management market landscape?
Major companies operating in the IoT in the water management market are focusing on technological advancements, such as real-time data analysis, to enhance water conservation, optimize resource utilization, improve operational efficiency, and enable predictive maintenance. Real-time data analysis is the process of continuously collecting, processing, and interpreting data instantly to enable immediate decision-making and response. For instance, in November 2022, Vedanta Aluminium, an India-based aluminium producer, deployed IoT technology in its power plants to analyze cooling water, optimizing water quality and reducing overall consumption. The IoT system studies real-time data, recommending water parameters to increase reuse cycles, enhancing conservation. This technology has led to improved water quality, reduced scaling and corrosion, and boosted the power plant’s operational efficiency. This is part of Vedanta’s broader digital transformation efforts to improve resource management and manufacturing excellence.
How do different geographies compare in terms of market share and growth potential in the iot in water management market?
North America was the largest region in the IoT in water management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the IoT in water management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Which major segments of the iot in water management market are experiencing the fastest growth?
The IoT in water management market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Technology Adoption: Cloud-Based Solutions, Edge Computing, Hybrid Systems
3) By Application: Water Quality Monitoring, Water Leakage Detection, Water Level Monitoring, Water Usage Monitoring, Other Applications
4) By End-Users: Residential, Commercial, Industrial, Agricultural
Subsegments:
1) By Hardware: Smart Water Meters, Sensors, IoT Gateways, Water Level Monitoring Devices, Leak Detection Devices
2) By Software: Water Quality Monitoring Software, Data Analytics And Visualization, Remote Monitoring And Control, Predictive Maintenance Solutions, Cloud-Based Water Management Platforms
3) By Services: Consulting And Deployment Services, System Integration Services, Managed Services, Maintenance And Support Services, Real-Time Monitoring Services
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How is the iot in water management market defined, and what are its core characteristics?
The Internet of Things (IoT) in water management involves using smart sensors, real-time monitoring, and automated systems to optimize water usage, detect leaks, and ensure efficient distribution. It enables data-driven decision-making, reducing waste and improving sustainability. IoT enhances water conservation efforts in agriculture, industries, and urban infrastructure.
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