Report: Water Utilities, C&I Customers Drive Water Management Market to Big Bucks

by | Jul 29, 2019

(Credit: Frost & Sullivan)

With the rise of digitalization, water utilities and industrial customers are expected to transition from conventional lab-based quality analysis to real-time and online smart water sensor measurement, driving the water and wastewater market towards $743.77 billion in 2019, according to a new report from Frost & Sullivan.

Water utilities are choosing smart water meters enabled by automated metering infrastructure (AMI) communication modules over automated meter reading (AMR). Many advanced water utilities are likely to explore the use of satellites, drones, and robotics for leak detection, condition assessment, and asset management. Leading water companies are leveraging these types of capabilities to provide one-stop solutions for operations and maintenance, giving them significant revenue opportunities. Software companies are developing asset management platforms – both customizable or used as a one-stop solution – that can integrate multiple data points to provide a packaged data set that can improve overall system efficiency.

The leading software and data analytics solutions providers include Kisters, TaKaDu, Royal HaskoningDHV, IBM, Microsoft, and Accenture, Frost & Sullivan says.


More Opps


Digitalization has significantly bolstered the adoption of circular economy in the water use cycle, and utilities across the world are heavily investing in water reclamation and reuse. But to take advantage of additional growth opportunities, Frost & Sullivan says, they need to:

  • Adopt the data-as-a-service (DaaS) and software-as-a-service (SaaS) models due to the rise of smart sensors and data analytics platforms;
  • Provide smart capabilities that can seamlessly integrate with existing data analytics tools or be compatible with asset management software or other related data visualization/analytics tools;
  • Offer decision intelligence and predictive asset maintenance as they help managers achieve optimal and efficient resource allocation;
  • Develop mobile apps as both utility managers and industrial customers find them valuable due to their ease of use and accessibility;
  • Strategize to make the most of the opportunities in Asia-Pacific.


Leading the Pack


Asia-Pacific, especially China and India, will continue to be the leading growth destinations in both the municipal and the industrial sectors due to rapid urbanization and stable economic growth. Advanced utilities in North America and Europe, meanwhile, are exploring, adopting, and implementing non-revenue water (NRW) reduction, asset management, and predictive maintenance services.

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