Press release
Water as a Service (WaaS) Market to Reach US$ 129.76 Billion by 2032 | Growing at a CAGR of 10.5% | North America Leads Adoption, Asia Pacific Fastest-Growing | Key Players - Veolia, Seven Seas Water Group, WEB N.V., Ekopak
Water as a Service (WaaS) Market
As per DataM Intelligence research report "Water as a Service (WaaS) Market 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% from 2025 to 2032"
The market is driven by rising water scarcity affecting billions globally, stringent environmental regulations, corporate sustainability goals, government initiatives via public-private partnerships (e.g., India's Jal Jeevan Mission), and integration of IoT/AI for real-time monitoring and efficiency gains (reducing losses by 15-20%). Industries and municipalities seek cost-effective, no-capex solutions for water supply, treatment, recycling, and maintenance amid urbanization and industrial demand. Despite challenges like high initial/operational costs (e.g., energy at 30-40% of total), demand remains strong for sustainable, scalable models reducing non-revenue water and supporting SDG 6 goals.
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Water as a Service Market: Competitive Intelligence
WEB N.V., Seven Seas Water Group, Veolia, Ekopak, R3 Sustainability, Waterleau, HydroFloTech, Hacom Energy, Rainmaker Worldwide Inc., AquaVenture Holdings Limited
The Water as a Service Market continues to gain structural strength through the combined influence of WEB N.V., Seven Seas Water Group, Veolia, Ekopak, R3 Sustainability, Waterleau, HydroFloTech, Hacom Energy, Rainmaker Worldwide Inc., and AquaVenture Holdings Limited. Together, these companies support critical end-use sectors such as municipal (urban/rural water supply), industrial (power, food & beverage, pharmaceuticals), and commercial, where reliable water treatment, recycling, reuse, and operations & maintenance without upfront capital remain essential. Their portfolios address demanding requirements including desalination, wastewater treatment, IoT-enabled monitoring, and circular water solutions across high-scarcity and regulated regions. As a result, the Water as a Service Market benefits from steady demand, technological integration, public-private models, and broad relevance despite investment and energy cost barriers.
The collective momentum created by these companies enhances the competitive depth of the Water as a Service Market by combining specialized service models with global expertise and regional partnerships. WEB N.V., Seven Seas Water Group, and Veolia bring extensive BOOT agreements, infrastructure financing, and large-scale treatment capabilities that reinforce market leadership. At the same time, Ekopak, Waterleau, and Rainmaker Worldwide Inc. contribute innovative circular and decentralized solutions, particularly for Asia and emerging markets. This balance of scale, sustainability focus, and geographic reach supports consistent service delivery and adaptation to evolving water stress, regulations, and smart infrastructure needs.
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Product Launches & Partnerships
✅ April 2024 - WEB N.V. and Seven Seas Water Group (Aruba)
WEB N.V. and Seven Seas Water Group signed a 10-year Build-Own-Operate-Transfer (BOOT) agreement to enhance Aruba's water infrastructure and add drought resilience.
✅ December 2023 - Ekopak, Vyncke NV, and Mr. Saku Rantanen (Asia)
Formation of WaaS Asia joint venture to promote circular water use and decentralized solutions in Asia.
Segment Covered in the Water as a Service Market:
By Service Type
The market is segmented into Water Supply, Water & Wastewater Treatment, Water Recycling & Reuse Services, Operations & Maintenance Services, Others, with municipal wastewater solutions prominent due to urbanization and aging infrastructure.
By Capacity
Capacity includes Less than 25,000L, 25,001 to 50,000L, 50,001L to 100,000L, More than 100,001L.
By Deployment Model
Deployment models include On-Premises, Cloud-Based Services, Hybrid Models.
By End-User
End-users include Municipal (dominant due to urban/rural needs and government programs), Industrial (power, food/beverage, pharmaceuticals), Commercial, Others.
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Regional Analysis
North America - Largest Share
North America holds the largest share driven by advanced infrastructure, strict regulations (e.g., U.S. Clean Water Act, WaterSense), significant investments (US$1 trillion projected over 25 years), and adoption in recycling and smart systems (e.g., California, Canada's Clean Water Fund).
Asia Pacific - Fastest-Growing
Asia Pacific is the fastest-growing region due to rapid industrialization, urbanization, severe water scarcity, government initiatives (e.g., China's 14th Five-Year Plan, India's Jal Jeevan Mission), and high investment needs (US$800 billion 2016-2030 per Asian Development Bank); examples include Singapore's NEWater and growing adoption in India/China.
Europe
Europe supports growth through EU Water Framework Directive, sustainability mandates, and efficient municipal/industrial solutions.
Latin America
Latin America shows emerging growth with increasing focus on water access and infrastructure.
Middle East & Africa
Middle East & Africa expands with water stress challenges and solar-powered/PPP projects (e.g., Morocco).
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