Water as a Service (WaaS) Market is expected to reach US$ 129.76 billion by 2032 | Top Companies - Veolia, Seven Seas Water Group, AquaVenture Holdings Limited

Market Size and Growth:

The Global Water as a Service (WaaS) Market Size reached US$ 58.38 billion in 2024 and is expected to reach US$ 129.76 billion by 2032, growing with a CAGR of 10.50% during the forecast period 2025-2032. The Market is growing due to rising demand for sustainable water management solutions and increasing adoption of smart water technologies across industries. According to DataM Intelligence

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The Water as a Service (WaaS) market refers to a business model where water solutions including treatment, supply, monitoring, and management are delivered to customers on a subscription or pay-per-use basis. It enables industries, municipalities, and commercial users to access clean, sustainable water without investing in infrastructure, emphasizing efficiency, cost-effectiveness, and real-time water quality and usage management.

Industry Recent Developments: United States

✅ September 2025: Ecolab acquired a U.S.-based WaaS startup to strengthen its AI-driven water management solutions portfolio, targeting municipal and industrial water systems.

✅ August 2025: Veolia North America partnered with U.S. cities to deploy WaaS-based smart metering, enhancing water consumption transparency, billing accuracy, and conservation.

✅ July 2025: Xylem launched a WaaS platform integrating AI for predictive water management optimized for municipal water distribution, reducing leakages and improving resource efficiency.

Industry Recent Developments: Japan

✅ November 2025: The Japanese government promoted smart meter installation projects, with pilot deployments in 6,000 households for improved water efficiency, supporting the goal to install 80 million smart meters by 2025.

✅ October 2025: Public-private partnerships backed smart water infrastructure modernization, integrating 5G-based water monitoring networks and AI analytics to create disaster-resilient, efficient water grid systems.

✅ September 2025: Toray Industries launched a WaaS platform for industrial and municipal clients, integrating real-time monitoring and AI-based water management focusing on efficiency, sustainability, and resource optimization.

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Major Key Players:

1. Veolia - A French global leader in water, waste, and energy management, Veolia provides ecological‐transformation solutions across the full water cycle, including treatment, distribution, and reuse.

2. Seven Seas Water Group - A "Water‐as‐a‐Service" (WaaS) provider that owns and operates decentralized desalination, water, and wastewater treatment plants, primarily in the U.S., Latin America, and the Caribbean.

3. AquaVenture Holdings Limited - A multinational company delivering Water-as-a-Service via its Seven Seas Water and Quench platforms, offering desalinated water, wastewater treatment, and point-of-use filtered water systems.

4. Waterleau - A water‐technology company focused on reducing water footprints by designing solutions for wastewater treatment, water reclamation, and high‐capacity process water purification.

5. WEB N.V. - The utility company for Bonaire (Dutch Caribbean), responsible for the island's drinking water desalination and electricity supply, operating both water and energy services.

6. Rainmaker Worldwide Inc. - (Assuming this refers to Rainmaker Worldwide) - They develop large-scale atmospheric water generation and moisture-harvesting systems to produce drinking water from air, targeting water-scarce regions.

Market Growth Drivers:

✅ Rising water scarcity and increasing demand for sustainable water management solutions, driven by global concerns about freshwater depletion and the need to optimize water usage.

✅ Stringent government regulations and environmental policies worldwide, pushing industries and municipalities to adopt WaaS models for compliance and efficient water treatment and recycling.

✅ Technological advancements including IoT-enabled water monitoring, AI for predictive maintenance, and smart systems that improve water efficiency, reduce losses, and lower operational costs.

Segments Covered in the Water as a Service Market:

By Service Type: Water Supply, Water & Wastewater Treatment, Water Recycling & Reuse Services, Operations & Maintenance Services, Others.

By Capacity: Less than 25,000L, 25,001 TO 50,000 L, 50,001 L TO 100,000 L, More than 100,001 L.

By Deployment Model: On-Premises Cloud-Based Services Hybrid Models.

By End-Users: Muncipal, Industrial, Commercial, Others.

Regional Analysis for Water as a Service Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Water as a Service market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Water as a Service Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Water as a Service market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Water as a Service Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Water as a Service market?

➠ Who are the global key manufacturers of the Water as a Service Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Water as a Service market opportunities and threats faced by the vendors in the global Water as a Service Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Water as a Service market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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