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
- TxDOT advances massive drainage tunnel beneath I-35 in Austin
- Glenfarne Alaska LNG targets late-2026 construction start for 807-mile pipeline project
- U.S. water reuse boom to fuel $47 billion in infrastructure spending through 2035
- $2.3 billion approved to construct 236-mile Texas-to-Gulf gas pipeline
- Major water pipe break in Puerto Rico hits over 165,000 customers
- Pennsylvania American Water launches interactive map to identify, replace lead water service lines
- Trump's tariffs drive $33 million cost increase for Cincinnati sewer project
- Utah city launches historic $70 million tunnel project using box jacking under active rail line
- Tulsa residents warned after sewer lines damaged by boring work
- Fatal trench collapse halts sewer construction in Massachusetts; two workers hospitalized
Comments