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Industrial Water
Industrial water markets are seeing a lot of change — from rising demand for data, the energy transition, and a focus on corporate sustainability strategies. The demand for internet of things (IOT) and data is pushing niche opportunities and water usage higher. The power sector’s water needs are expected to decline through the end of the decade. Corporate leadership teams are paying attention to their water footprints and looking to improve water usage management practices.
How will emerging technologies (e.g., hydrogen, renewable natural gas) influence future forecasts and spend? How will corporate sustainability measures be impacted by upcoming legislation?
Municipal Water
The capital investment forecast over the next decade for municipal water, globally, exceeds US$3 trillion. The challenges to address this mounting need is bifurcated between developed and developing countries.
For the latter, governments, infrastructure investors, and regional development banks are making moves to address basic water and wastewater needs for billions of underserved people. Whereas the former group of developed countries in the U.S. and Europe are confronting the collateral impacts of underinvestment in an aging network of pipes and treatment systems, developing countries continue to work to build out greenfield infrastructure to connect underserved communities. Irrespective of the market, strategic innovative solutions are on the rise to ensure the one thing people cannot live without is reliably available.
Digital Water
The water sector is being transformed by a wave of new technologies for connectivity, mobility, automation, and data analytics. Proactive utilities and industrial firms are now incorporating more digital water solutions into everyday operations from customer and asset management, to maximizing operational efficiency.
Globally, water and wastewater utility sector expenditure on digital solutions is forecasted to grow 8.8% annually, from US$25.9 billion in 2021 to US$55.2 billion in 2030. The question is no longer, will the water industry go digital? Instead, we ask how quickly, by which utilities, at what impact, and how big is the opportunity?
U.S. & Canada
The once slow moving water industry is now seeing significant change in the U.S. and Canada. The myriad of challenges, including the deterioration of existing assets, changing demographic and industrial demands, and environmental stresses—is growing at a pace unforeseen decades ago. Water and wastewater utilities across the U.S. are responsible for almost 4 million miles of pipes and new infrastructure solutions such as trenchless are offering beneficial alternatives to more traditional replacement methods.
Accelerating technology innovations—including cloud computing, communications protocols, and connected assets—have thrust utility operators into a new water landscape. The proliferation of digital water solutions and services is expected to grow and support utilities navigating the transition towards the Internet of Things.
Verticals
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