Smart Water Management Market Size, Trends and Industry Outlook 2032
The Smart Water Management (SWM) market is poised for rapid growth in the coming years, driven by the increasing demand for efficient water usage, the adoption of advanced technologies, and rising concerns over water scarcity and sustainability. SWM encompasses a range of technologies that leverage data analytics, IoT (Internet of Things), AI (Artificial Intelligence), and automation to optimize water distribution, reduce wastage, improve quality monitoring, and ensure sustainability in water management systems. As governments, municipalities, and industries face mounting pressure to tackle water challenges, the global smart water management market is set to experience significant expansion from 2025 to 2032. The global smart water management market size was valued at USD 18.48 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 11.3% from 2025 to 2032, reaching USD 43.51 billion by 2032. The market is driven by the need for improved water efficiency, ...