Global IoT in Water Utility Market: Trends & Forecast to 2035
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Global IoT in Water Utility Market By Type (Device, Gateways), By Application (Commercial, Residential), And By Geography – Market Size, Opportunities, Trends And Forecast From 2023 to 2035
Global IoT in Water Utility Market: Trends & Forecast to 2035
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The global IoT in Water Utility Market has reached a crucial inflection point in 2024, with the market valued at USD 18.10 billion and exhibiting robust growth drivers underpinned by digital transformation trends worldwide. Advancements in smart water monitoring, regulatory mandates, and a paradigm shift toward sustainable, data-driven water management practices are accelerating adoption at scale. Over the next decade, this market is forecasted to witness a powerful CAGR of 14.81%, propelling revenues to an anticipated USD 90.31 billion by 2035. This unprecedented momentum reflects both technology-driven disruption and the rising urgency to address water scarcity and operational inefficiencies in utilities around the globe.
Strategic Overview of Key Market Segments
Among the market’s core segments, device solutions dominate—comprising intelligent water meters, distributed sensors, pressure and flow monitoring systems, and smart actuators. In 2024, these devices captured the largest market share by revenue, bolstered by falling sensor costs, greater IoT hardware longevity, and increased interoperability with cloud and software management platforms. The strong CAGR for device-based water management is propelled by ongoing investments in real-time analytics, AI-enabled anomaly detection, and more granular data collection at every network node.
Within applications, the commercial segment continues leading due to structural modernization across municipal water utilities and corporate water managers, all seeking to reduce non-revenue water, identify leaks earlier, and optimize water quality monitoring. The widespread rollout of large-scale distribution networks, demand for regulatory compliance, and growing awareness of environmental sustainability have driven commercial entities to be forerunners in IoT deployment.
Regional Market Dynamics and Drivers
North America stands as the preeminent regional market in 2024, a reflection of its early and comprehensive adoption of advanced metering infrastructure (AMI), strong legislative support, and deeply rooted technological vendor networks. Major U.S. cities and Canadian municipalities have implemented smart grid and AMI initiatives for over a decade, putting the region at the forefront of water utility digitalization. This leadership is further fueled by ongoing federal and state policies mandating efficiency improvements, leak reduction, and sustainability integration across all utility operations.
Asia Pacific represents the fastest-growing region, with a projected CAGR exceeding 15% through 2035. The region’s dynamic growth is underpinned by government investment in water infrastructure, national smart city blueprints, and mounting population pressures in markets like China, India, and Southeast Asia. Initiatives to reduce non-revenue water, cut water losses, and expand urban utility networks have led to strong demand for distributed IoT solutions, especially in rapidly urbanizing centers. These efforts have transformed water utilities’ strategic priorities, placing digital transformation at the top of the agenda.
Europe retains a strong market position, characterized by progressive regulatory frameworks around environmental conservation and water resource management. Countries including the UK, Germany, France, and the Netherlands are aggressively rolling out real-time monitoring and smart network optimization platforms, encouraged by the EU’s ambitious environmental and sustainability targets. Emerging regions in the Middle East, Africa, and South America are experiencing steady IoT adoption, particularly where improving access to basic water services, mitigating resource stress, and building climate resilience are top priorities.
Technology Advancements and Market Innovations
Breakthroughs in edge computing, AI-powered analytics, and automated predictive maintenance are shaping the future of water utilities globally. Water utilities are integrating machine learning algorithms to detect leaks, identify system anomalies, and direct predictive asset maintenance—reducing costs and preventing water loss. Edge analytics allow for decentralized, rapid response to field events without over-reliance on centralized command centers, significantly improving system resiliency and reducing latency in response times.
Cybersecurity is becoming non-negotiable as Smart Water Networks scale up and interconnected IoT infrastructure comes under increasing risk of cyberattacks and data breaches. Water utilities and technology providers are strengthening their protocols through advanced encryption, secure firmware updates, and real-time network monitoring to safeguard critical assets and sensitive data.
Integration with cloud-based SaaS and platform technologies has enabled utilities to centralize monitoring, orchestrate control across distributed assets, and harness powerful analytics—delivering operational insights that drive cost savings, regulatory compliance, and improved customer experience. Digital-twin simulation and 3D modeling technologies are also gaining traction, empowering proactive planning and risk mitigation.
Market Developments: Collaborative Ecosystems and Smart Networks
Growing collaboration between municipal authorities, water management companies, and IoT technology vendors is a defining feature of current market evolution. Large-scale, cross-sector partnerships are enabling faster, more cost-effective rollout of digital water networks in both urban and rural contexts. These alliances are critical for achieving smart city objectives, expanding access to high-quality water services, and fostering private-public innovation ecosystems.
There is an ongoing expansion of smart water network offerings, with utilities investing heavily in non-revenue water (NRW) reduction platforms, modular sensors, and cloud-integrated management software. These investments are enabling utilities to maximize resource use, improve safety and reliability, and respond to emerging threats such as climate extremes and population growth.
Market participants are also ramping up product development in next-generation IoT sensors and multi-modal monitoring equipment, resulting in more accurate, scalable, and cost-effective solutions—meeting the nuanced demands of utilities in both developed and developing markets.
Competitive Landscape: Leading Companies and Differentiation
The global IoT in Water Utility Market is highly competitive, yet leadership is consistently demonstrated by vendors such as Xylem, Sensus (Xylem), IBM, Siemens, Schneider Electric, Itron, ABB, and Honeywell. These companies stand out for their robust product suites, advanced analytics, global project experience, and extensive service support infrastructure. They are environmental technology pioneers, continually pushing the envelope on cloud integration, AI, and real-time monitoring to address both operational challenges and the broader sustainability agenda.
Their offerings cover the spectrum from intelligent field hardware to powerful centralized management platforms, which enable utilities to meet regulatory mandates, reduce water waste, and build resilient utility infrastructures—vital for meeting the water security needs of future generations
Global IoT in Water Utility Market, By Region, 2023 - 2035 ($ Million)
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Global IoT in Water Utility Market, By Application, 2023 - 2035 ($ Million)
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Global IoT in Water Utility Market, By Type, 2023 - 2035 ($ Million)
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North America IoT in Water Utility Market, By Country, 2023 - 2035 ($ Million)
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North America IoT in Water Utility Market, By Application, 2023 - 2035 ($ Million)
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North America IoT in Water Utility Market, By Type, 2023 - 2035 ($ Million)
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US IoT in Water Utility Market, By Application, 2023 - 2035 ($ Million)
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US IoT in Water Utility Market, By Type, 2023 - 2035 ($ Million)
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Canada IoT in Water Utility Market, By Application, 2023 - 2035 ($ Million)
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Canada IoT in Water Utility Market, By Type, 2023 - 2035 ($ Million)
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Mexico IoT in Water Utility Market, By Application, 2023 - 2035 ($ Million)
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Mexico IoT in Water Utility Market, By Type, 2023 - 2035 ($ Million)
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Europe IoT in Water Utility Market, By Country, 2023 - 2035 ($ Million)
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Europe IoT in Water Utility Market, By Application, 2023 - 2035 ($ Million)
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Europe IoT in Water Utility Market, By Type, 2023 - 2035 ($ Million)
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UK IoT in Water Utility Market, By Application, 2023 - 2035 ($ Million)
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UK IoT in Water Utility Market, By Type, 2023 - 2035 ($ Million)
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Germany IoT in Water Utility Market, By Application, 2023 - 2035 ($ Million)
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Germany IoT in Water Utility Market, By Type, 2023 - 2035 ($ Million)
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France IoT in Water Utility Market, By Application, 2023 - 2035 ($ Million)
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France IoT in Water Utility Market, By Type, 2023 - 2035 ($ Million)
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Italy IoT in Water Utility Market, By Application, 2023 - 2035 ($ Million)
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Italy IoT in Water Utility Market, By Type, 2023 - 2035 ($ Million)
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Spain IoT in Water Utility Market, By Application, 2023 - 2035 ($ Million)
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Spain IoT in Water Utility Market, By Type, 2023 - 2035 ($ Million)
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BeNeLux IoT in Water Utility Market, By Application, 2023 - 2035 ($ Million)
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BeNeLux IoT in Water Utility Market, By Type, 2023 - 2035 ($ Million)
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Russia IoT in Water Utility Market, By Application, 2023 - 2035 ($ Million)
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Russia IoT in Water Utility Market, By Type, 2023 - 2035 ($ Million)
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Rest of Europe IoT in Water Utility Market, By Application, 2023 - 2035 ($ Million)
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Rest of Europe IoT in Water Utility Market, By Type, 2023 - 2035 ($ Million)
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Asia Pacific IoT in Water Utility Market, By Country, 2023 - 2035 ($ Million)
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Asia Pacific IoT in Water Utility Market, By Application, 2023 - 2035 ($ Million)
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Asia Pacific IoT in Water Utility Market, By Type, 2023 - 2035 ($ Million)
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China IoT in Water Utility Market, By Application, 2023 - 2035 ($ Million)
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China IoT in Water Utility Market, By Type, 2023 - 2035 ($ Million)
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Japan IoT in Water Utility Market, By Application, 2023 - 2035 ($ Million)
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Japan IoT in Water Utility Market, By Type, 2023 - 2035 ($ Million)
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India IoT in Water Utility Market, By Application, 2023 - 2035 ($ Million)
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India IoT in Water Utility Market, By Type, 2023 - 2035 ($ Million)
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South Korea IoT in Water Utility Market, By Application, 2023 - 2035 ($ Million)
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South Korea IoT in Water Utility Market, By Type, 2023 - 2035 ($ Million)
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Thailand IoT in Water Utility Market, By Application, 2023 - 2035 ($ Million)
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Thailand IoT in Water Utility Market, By Type, 2023 - 2035 ($ Million)
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Australia IoT in Water Utility Market, By Application, 2023 - 2035 ($ Million)
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Australia IoT in Water Utility Market, By Type, 2023 - 2035 ($ Million)
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Rest of Asia Pacific IoT in Water Utility Market, By Application, 2023 - 2035 ($ Million)
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Rest of Asia Pacific IoT in Water Utility Market, By Type, 2023 - 2035 ($ Million)
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South America IoT in Water Utility Market, By Country, 2023 - 2035 ($ Million)
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South America IoT in Water Utility Market, By Application, 2023 - 2035 ($ Million)
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South America IoT in Water Utility Market, By Type, 2023 - 2035 ($ Million)
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Brazil IoT in Water Utility Market, By Application, 2023 - 2035 ($ Million)
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Brazil IoT in Water Utility Market, By Type, 2023 - 2035 ($ Million)
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Argentina IoT in Water Utility Market, By Application, 2023 - 2035 ($ Million)
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Argentina IoT in Water Utility Market, By Type, 2023 - 2035 ($ Million)
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Rest of South America IoT in Water Utility Market, By Application, 2023 - 2035 ($ Million)
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Rest of South America IoT in Water Utility Market, By Type, 2023 - 2035 ($ Million)
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Middle East & Africa IoT in Water Utility Market, By Country, 2023 - 2035 ($ Million)
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Middle East & Africa IoT in Water Utility Market, By Application, 2023 - 2035 ($ Million)
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Middle East & Africa IoT in Water Utility Market, By Type, 2023 - 2035 ($ Million)
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Saudi Arabia IoT in Water Utility Market, By Application, 2023 - 2035 ($ Million)
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Saudi Arabia IoT in Water Utility Market, By Type, 2023 - 2035 ($ Million)
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UAE IoT in Water Utility Market, By Application, 2023 - 2035 ($ Million)
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UAE IoT in Water Utility Market, By Type, 2023 - 2035 ($ Million)
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Egypt IoT in Water Utility Market, By Application, 2023 - 2035 ($ Million)
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Egypt IoT in Water Utility Market, By Type, 2023 - 2035 ($ Million)
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South Africa IoT in Water Utility Market, By Application, 2023 - 2035 ($ Million)
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South Africa IoT in Water Utility Market, By Type, 2023 - 2035 ($ Million)
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Rest of Middle East & Africa IoT in Water Utility Market, By Application, 2023 - 2035 ($ Million)
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Rest of Middle East & Africa IoT in Water Utility Market, By Type, 2023 - 2035 ($ Million)
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The report includes the global IoT in water utility market size and forecast data for the following segments within each of the mentioned countries and regions.
DATA PARAMETERS:
- Historic Years: 2023 to 2024
- Base Year (for Calculation): 2024
- Estimated Year: 2025
- Forecast Years: 2026 to 2035
- Market Size & Forecast Parameter(s): Value ($ Million)
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MARKET SEGMENTS |
COUNTRIES & REGIONS COVERED |
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IoT in Water Utility Market by Type
IoT in Water Utility Market by Application
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GLOBAL North America
Europe
Asia Pacific
South America
Middle East & Africa
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