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
- Inside Sempra’s 72-mile pipeline with 18 major trenchless crossings
- Trump vetoes bill to finish $1.3 billion Colorado water pipeline
- PHMSA warns of heat risks in aging plastic gas distribution pipelines following deadly Pennsylvania explosion
- Infrastructure failure releases 100,000 gallons of wastewater in Houston; repairs ongoing
- OSHA seeks $1.2 million fine after fatal trench collapse in Connecticut
- Worm-like robot burrows underground to cut power line installation costs
- First tunnel boring machines complete testing for Hudson Tunnel Project
- Infrastructure failure releases 100,000 gallons of wastewater in Houston; repairs ongoing
- Construction jobs stumble into 2026 after weak year
- NWPX grows water infrastructure portfolio with Colorado precast facility
Comments