Smart water meter base to surpass 153 million by 2022, finds report
The installed base of advanced and smart water meters is expected reach more than 153 million worldwide by 2022, according to a Navigant Research report.
BOULDER, CO, March 18, 2014 -- Smart water networks help reduce non-revenue water losses, increase reliability and improve operational efficiency, and smart water meters are a key component of these networks. However, other monitoring and control technologies are becoming increasingly important for leak detection, pressure management and water quality monitoring. As such, the installed base of advanced and smart water meters is expected reach more than 153 million worldwide by 2022, according to a recent report from Navigant Research.
"Providing an integrated view of all the elements of the water network, smart water networks will enable better management of water and energy resources while improving customer service," said Eric Woods, research director with Navigant Research. "Yet, this transformation will take time, spanning decades rather than just a few years."
Although water is becoming a focal point of many cities' sustainability agendas, capital constraints present a major barrier to the modernization of existing water systems, according to the report. Replacing aging water infrastructure in established cities is expensive and disruptive, and building new reservoirs is even more challenging. Smart meters present a relatively low-cost opportunity to improve the performance and the economics of the overall water system.
The report, "Smart Water Networks," examines the evolution of the smart water networks market, with a particular focus on drinking water systems. It provides an analysis of the drivers and barriers for the transformation of the water industry, including technological, financial, environmental, and economic factors. Global market forecasts of shipments and revenue related to components of smart water networks, including water meters, smart meters, water network monitoring and control, data management and analytics, and communications infrastructure, extend through 2022. The report also assesses the competitive landscape and various approaches to smart water networks in different world regions and provides case studies of major smart water projects.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings sectors. For more information, vist www.navigantresearch.com.
Navigant is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries to support clients in addressing their most critical business needs. For more information, visit www.navigant.com.