Study: U.S. Water Utilities to Invest $8.3 Billion in Smart Infrastructure
According to US Smart Water Infrastructure: Market Forecast (2017-2027), a new study published today by Northeast Group LLC, U.S. water utilities are projected to invest $8.3 billion in smart infrastructure over the next ten years.
“Our survey results show that water infrastructure in the US is modernizing, but utilities still have not taken full advantage of the technology they have available to them to improve operations and maximize efficiency,” according to Ben Gardner, president of Northeast Group. “Smart metering and other sensors with two-way communications can help a sector in great need of modernization. These investments will grow, especially as cities look to integrate water infrastructure with broader smart city and Internet of Things (IoT) initiatives.”
As part of the new study, Northeast Group conducted a survey of 340 water utilities across all 50 states in the US. The survey revealed that more than 80% of respondents were either already investing or looking to invest in smart water infrastructure to improve their operations. Survey results showed that the leading drivers of this investment were operational efficiency, general modernization of infrastructure and the reduction of non-revenue water. Barriers included logistical challenges, wariness over new technology and financing.
Related News
From Archive
- HDD industry faces challenges as cities push back on fiber drilling disruptions
- 2 workers killed, 1 injured while working on sewer line in Mobile, Ala.
- $5.3 billion, 516-mile pipeline to connect Texas to Arizona through New Mexico
- Tunnel boring continues under Chesapeake Bay for $3.9 billion HRBT Expansion project
- Judge approves construction for key portion of $485 million pipeline in Larimer County, Colo.
- New products: Latest industry developments
- 31 workers rescued after LA tunnel partially collapses
- Ohio Supreme Court rules sewer line location isn’t a ‘defect’ in property dispute
- Faulconer Construction begins rock blasting for water pipeline project in Charlottesville, Va.
- $5.3 billion, 516-mile pipeline to connect Texas to Arizona through New Mexico
Comments