US water utilities looking to invest $8.3 billion over the next 10 years
RingPlus News Service Los Angeles July 17, 2017:
A smart infrastructure market intelligence firm called Northeast Group have determined in their study that US water utilities expect to invest $8.3 billion in smart infrastructure over the next decade. According to the study, the water infrastructure in the country is aging and is in need of modernization. Also, the report highlights that more than a few water utilities have missing data on their distribution network operations, plus they still rely on manual meters for billing. With cities moving towards becoming smart cities and getting more into the IoT, “updated water infrastructure with updated metering options along with sensors for two way communication can help update a sector that really needs modernization,” according to Ben Gardner, president of the Northeast Group.
Northeast Group conducted a survey of 340 water utilities across all 50 states and around 80% of respondents are either already already investing or looking to invest in smart water infrastructure to improve. The main reasons for the investment in smart water infrastructure is operational efficiency, a general modernization of infrastructure and the reduction of non-revenue water. With the help of the survey, the Northeast Group was able to discover some smart water infrastructure vendors active in the US today. In due time, the number of active vendors will grow as more companies modernize their aging operations.