Adoption of Smart Water Management Systems to Soar as Water Demand Rises

Posted by aclimaadmin | marzo 6, 2019 | Noticias del Sector

The market for smart water management systems is expected to grow at a CAGR of 18.5%, reaching $31.6 billion by 2024, up from $9.6 billion in 2017, according to a new report from Zion Market Research. Smart water management systems include advanced water meters, meter reading technology, advanced analytics, advanced pressure management, residential water efficiency management, and SCADA systems.

Increasing scarcity of water coupled with rising demand for water conservation across the world is expected to drive the smart water management market growth over the forecast period. Water losses through dilapidated pipes and infrastructure, dripping faucets and running toilets, and other leaks represent $2.6 billion in lost revenue for US water utilities each year, according to the EPA (via the Washington Post). Theft, unbilled/unmetered consumption, and meter inaccuracy can also lead to lost revenue.

Advanced water metering technology and other water management technology can mitigate those factors with data and analytics that offer actionable insights to identify and resolve issues, improve systems and recover revenues.

Weather-related events are also driving the adoption of smart water management, according to infrastructure solution provider Aclara. For example, in 2012, Hurricane Sandy affected more than 690 water utilities across 11 states, per the EPA, Aclara points out.

Some of the major players in the market, according to Zion, include:

  • Aclara
  • Mueller
  • Neptune Technology Group
  • Arad Technologies/Master Meter
  • Sensus
  • Airborne Underwater Geophysical Signals
  • Schneider Electric
  • Global Water Resources
  • Cambrian Innovation
  • Arcadis
  • Oracle

Zion Market Research says the promising regions and countries in the smart water management space will be the US, Germany, France, the UK, China, Japan, India, Brazil, and the Middle East and Africa.

Fuente: ENVIRONMENTAL LEADER

Tags

Add a comment

*Please complete all fields correctly

Posts Relaccionados

Posted by aclimaadmin | 30 julio 2021
La Comunidad #PorElClima ha puesto en marcha, por cuarto año consecutivo, los 101 Ejemplos Empresariales de Acciones #PorElClima. Se trata de una iniciativa con la que se busca reconocer el...
Posted by aclimaadmin | 30 julio 2021
De las 167 ciudades examinadas en el estudio, las mayores emisoras de carbono resultaron ser grandes ciudades asiáticas como Shanghái. Entre los principales responsables, se encuentran las 1.058 centrales eléctricas...
Posted by aclimaadmin | 30 julio 2021
According to an analysis from Reports and Data, the global microbiological testing of water market was valued at $1.19 billion in 2018 and is expected to reach $2.03 billion by 2026,...
X