Press release
Major Force in the Water Management Systems Market 2025: Impact Of Growing Industrialization On The Water Management Systems Market
Water Management Systems Market Size
There has been a swift expansion in the size of the water management systems market in the past few years. It is projected to escalate from $15.21 billion in 2024 to $17.28 billion in 2025, with a compound annual growth rate (CAGR) of 13.6%. Contributing factors to the growth in the preceding period include increased consciousness about water scarcity, the growth of industrialization and manufacturing sectors, worries over water pollution and contamination, a shift towards decentralized water management systems, as well as the impacts of climate change like droughts and floods._x000D_
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Over the coming years, a quick expansion is anticipated in the water management systems market. The market is set to escalate to a value of $28.54 billion by 2029, with a compound annual growth rate (CAGR) of 13.4%. The forecasted upsurge hinges on numerous factors such as ongoing urban and industrial expansion, the incorporation of smart water management technology and IoT solutions to heighten efficiency, escalated investments in water recycling, and the augmentation of agricultural and irrigation undertakings. The forecast period will also witness key trends like decentralized water treatment, the development of sustainable infrastructure, management of integrated water resources, initiatives around the circular economy, and strategies aimed at climate resilience._x000D_
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What Key Elements Are Boosting Growth in the Water Management Systems Market?_x000D_
The water management systems market is predicted to expand due to escalating industrial growth. Industrialization denotes the shift from a predominantly rural and craft-based economy to one that is powered by industry, manufacturing, and automated production techniques. Increased industrialization can be attributed to technological progresses, government policies that encourage industrial expansion, globalization, and a rising demand for manufactured products. This escalation in industrial growth provides an excellent opportunity for water management system vendors as industries seek remedies for water-related issues, magnify operational productivity, and strive for constant growth amidst mounting water scarcity and environmental demands. For example, in July 2023, as reported by the Office for National Statistics, a UK government department, there was an increase of £28.4 billion ($34.2 billion) (7%) in sales of UK manufacturers' products, valued at £429.8 billion ($518.3 billion) from £401.5 billion ($484.1 billion) in 2021. Therefore, rising industrialization is propelling the enlargement of the water management systems market._x000D_
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Who Are the Major Industry Players Fueling Water Management Systems Market Expansion?_x000D_
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._x000D_
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Which Key Developments Are Influencing the Water Management Systems Market?_x000D_
Top players in the water management systems market are concentrating on the creation of innovative solutions such as advanced water management solutions to solidify their presence in the marketplace. Advanced water management solutions generally encompass cutting-edge systems and tactics that utilize technology, data analysis and innovation to increase efficiency, sustainability, and resilience in the management of water resources. For example, WINT Water Intelligence, an organization based in the US and specializing in AI-powered water management technologies, introduced its new WINT3 platform in March 2023 to upgrade its water management capabilities. The platform combines artificial intelligence to detect and stop water leaks at the source, leading to less water waste and structural damage to buildings and construction sites. The system integrates automated leak control with real-time detection and auto shut down, exceptional abnormality detection and analysis powered by sophisticated AI algorithms, and large-scale enterprise-grade management appropriate for large and mid-sized facilities._x000D_
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How Is the Segmentation of the Water Management Systems Market Defined?_x000D_
The water management systems market covered in this report is segmented -_x000D_
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1) By Offering: Hardware, Software, Services_x000D_
2) By Application: Water Management, Leak Detection, Water Quality And Quantity Monitoring, Other Applications_x000D_
3) By End User: Residential, Industrial, Commercial_x000D_
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Subsegments:_x000D_
1) By Hardware: Sensors And Meters, Pumps And Valves, Controllers And Actuators, Water Treatment Equipment_x000D_
2) By Software: Water Quality Monitoring Software, Leak Detection Software, SCADA (Supervisory Control And Data Acquisition) Systems, Data Analytics And Reporting Software_x000D_
3) By Services: Consulting Services, Installation And Maintenance Services, Managed Services, System Integration Services_x000D_
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What Is the Leading Region in the Water Management Systems Market?_x000D_
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._x000D_
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What Is Covered In The Water Management Systems Global Market Report?_x000D_
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- Market Size Analysis: Analyze the Water Management Systems Market size by key regions, countries, product types, and applications._x000D_
- Market Segmentation Analysis: Identify various subsegments within the Water Management Systems Market for effective categorization._x000D_
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape._x000D_
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market._x000D_
- Market Contribution: Evaluate contributions of different segments to the overall Water Management Systems Market growth._x000D_
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers._x000D_
- Industry Challenges: Analyze challenges and risks affecting the Water Management Systems Market._x000D_
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market._x000D_
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