Between 2015 and 2025, the world will invest $35.9 billion in smart water infrastructure, according to a new study published today by Northeast Group.
The market will be driven by the water scarcity challenges spreading across the globe, the research said. According to reports, 28 percent of water is lost during distribution due to leakage, theft and billing process failures.
Smart water infrastructure – including metering, networks and software – is a cost effective means to address the challenges faced by municipalities and utilities. It helps utilities to reduce what is known in the industry as “non-revenue water” (NRW) or water lost before reaching the customer.
“Increasing water scarcity and poor distribution infrastructure are major challenges for water utilities across the globe,” according to Ben Gardner, president of Northeast Group.
Smart water infrastructure has the potential to save $27.5 billion per year globally. This is a conservative estimate and potential savings could be much higher, Gardner added.