Utilities Tech Outlook Weekly Brief
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Smart water management is evolving with technology as predictions of water shortage call for enhanced efficiency and sound resource protection measures.
FREMONT, CA: Technologies are evolving rapidly, offering futuristic opportunities to traditional utilities. Water management is one of the major segments experiencing the benefits of transformational, technology-backed solutions. According to a report, the market for smart water management systems might grow at an average CAGR of 18.5 percent between 2017 and 2024. Water resources protection and sustainability, becoming significant points of focus, have contributed to the growing popularity of smart water management.
Today, advanced metering technologies, analytics tools, smart irrigation equipment, and other such products have attained a lot of value. As a part of the smart approach towards water management, communities and enterprises are adopting the systems that guarantee better usage and reduced losses. Consultancies and technology vendors offering smart water management products and services are playing an instrumental role in making technology accessible and adaptive. By making water management highly customizable, service providers are enabling existing, as well as new water supply, treatment, and distribution facilities to implement upgraded technologies.
A combination of smart water network solutions, advanced metering capabilities, and intelligent software programs are revolutionizing water management in residential as well as industrial contexts. Leak detection and management solutions, pressure management solutions, and supply analytics solutions are some of the popular categories of offerings in the market today. With the increasing focus on making cities smarter, modern water management capabilities are gaining a lot of traction. A hassle-free and sustainable supply of clean water is now viable.
The global population is rising, and the demand for water is quickly escalating. However, the advancement in AI, IoT, data analytics, and robotics is making water management smarter and enabling effective handling and distribution of available resources. Smarter infrastructures, with sensors at their core, are giving utility companies extensive control. Water management costs are falling, and substantial steps towards alleviating water scarcity are now the norm.
