Smart Water Networks

Smart Water Networks
Summary
Water infrastructure is in dire need of improvement. Many regions of the world do not have sufficient infrastructure for their population, and other areas face aging, degraded water mains that must be replaced. This, combined with increasing water scarcity, calls for a total replacement of drinking water distribution systems. Water consumption meters, traditionally inaccurate and with short lifespans, are being replaced in favor of communicating static meters with lifetimes as long as 10-20 years.
Smart water network infrastructure will continue to be slowly upgraded until 2023, when growth will accelerate. Old, inefficient meters will be replaced by automated meter reading (AMR) and, eventually, advanced metering infrastructure (AMI) meters. By 2025, the total smart water meter installed base is expected to exceed 1.3 billion meters. The increasing installed base will promote the growth of other smart water technologies like network monitoring and control devices, data management systems, and robust communications infrastructure. According to Navigant Research, global revenue from smart water networks is projected to grow from $2.6 billion in 2016 to $7.2 billion in 2025.
This Navigant Research report examines the global market for smart water network products and services. The study analyzes the major market issues, including the business case for communicating water infrastructure, opportunities, and barriers to market expansion, related to smart water networks. Global market forecasts for installed capacity and revenue from meters and other smart water network technologies, segmented by technology, meter type, and region, extend through 2025. The report also examines the key technologies related to smart water networks, as well as the competitive landscape.