Press release
Impact Of Growing Industrialization On The Water Management Systems Market: Key Factor Driving The Growth In The Water Management Systems Market
Water Management Systems
What Is the Expected Water Management Systems Market Size During the Forecast Period?
The water management systems market will grow from $15.21 billion in 2024 to $17.28 billion in 2025 at a CAGR of 13.6%. The growth is driven by growing awareness of water scarcity, the expansion of manufacturing sectors, concerns over water pollution and contamination, the shift toward decentralized water management systems, and the impacts of climate change such as droughts and floods.
The water management systems market is expected to grow to $28.54 billion by 2029 at a CAGR of 13.4%. Growth is supported by urbanization, industrialization, smart water management technologies, and investments in water recycling. Key trends include decentralized water treatment, sustainable infrastructure, and climate resilience strategies.
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What Are the High-Growth Segments in the Water Management Systems Market?
The water management systems market covered in this report is segmented -
1) By Offering: Hardware, Software, Services
2) By Application: Water Management, Leak Detection, Water Quality And Quantity Monitoring, Other Applications
3) By End User: Residential, Industrial, Commercial
Subsegments:
1) By Hardware: Sensors And Meters, Pumps And Valves, Controllers And Actuators, Water Treatment Equipment
2) By Software: Water Quality Monitoring Software, Leak Detection Software, SCADA (Supervisory Control And Data Acquisition) Systems, Data Analytics And Reporting Software
3) By Services: Consulting Services, Installation And Maintenance Services, Managed Services, System Integration Services
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What Key Drivers Are Expected to Influence Future Water Management Systems Market Growth?
The rise in industrialization is expected to boost the growth of the water management systems market. Industrialization, driven by technological advancements and globalization, is creating a demand for water management solutions to address water scarcity and environmental challenges. For example, the Office for National Statistics in the UK reported a 7% increase in manufacturing sales from 2021 to 2022. As industrialization grows, the need for effective water management systems increases, driving market growth.
Which Companies Hold the Largest Share Across Different Water Management Systems Market Segments?
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.
What Are the Latest Developing Trends in the Water Management Systems Market?
Companies in the water management systems market are focusing on next-generation solutions that incorporate technology, data analytics, and innovation to improve the efficiency, sustainability, and resilience of water resource management. WINT Water Intelligence, a US-based provider of AI-based technologies, launched its WINT3 platform in March 2023, utilizing AI to detect and stop leaks at the source, offering automated leak mitigation, real-time detection, and enhanced anomaly detection.
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What Are the Emerging Geographies for The Water Management Systems Market Growth?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Water Management Systems Market?
2. What is the CAGR expected in the Water Management Systems Market?
3. What Are the Key Innovations Transforming the Water Management Systems Industry?
4. Which Region Is Leading the Water Management Systems Market?
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