Guidehouse Insights Estimates Smart Water Systems Market Will Reach $12 Billion By 2031 Globally

Smart water systems increase water resilience in a climate stressed world

BOULDER, Colo., Sept. 20, 2022 /PRNewswire/ -- A new report from Guidehouse Insights analyzes the global market for smart water systems and explores issues surrounding a wide array of Internet of Things (IoT)-based water technologies.

The adoption rate of smart water technologies is rapidly increasing, spurred by economic and sustainability needs for better managed water resources. While the smart water meter market had gained momentum in the years before the COVID-19 pandemic, a post-pandemic focus on improving infrastructure and resiliency is set to accelerate the adoption of many types of smart water systems further. According to a new report from Guidehouse Insights, annual smart water system sales revenue is expected to grow from $4.92 billion in 2022 to $11.82 billion by 2031 at a compound annual growth rate (CAGR) of 10.2%.

"Smart meters are the main focus of investment, but a wide array of solutions is being developed to address all aspects of water-related issues in cities and communities. For example, IoT sensors are being used to monitor treated water supply, wastewater treatment, and warn of flooding from severe storms," says Grant Samms, research analyst with Guidehouse Insights. "These solutions are seeing increased adoption at a time when cities and water utilities are recognizing how climate change will exacerbate water challenges."

Losses of treated water through leakage and theft not only impact profitability today, but also endanger the ability to meet future water demands in regions undergoing aridification. Smart water meters and other IoT sensors inside the water distribution system can help identify the sources of non-revenue water loss—and see them remedied in days or weeks rather than months or years, according to the report.

The report, Smart Water Systems for Smart Cities, provides a market outlook for smart water systems and explores issues surrounding a wide array of IoT-based water technologies. It includes analyses for smart water meters, communications infrastructure, water networking monitoring and control, and data management and analytics, with global unit deployment numbers and revenue projections as well as outlooks for individual geographic regions. An executive summary of the report is available for free download on the Guidehouse Insights website.

Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today's rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.

Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has more than 13,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.

* The information contained in this press release concerning the report, Smart Water Systems for Smart Cities, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.

For more information, contact:

Cecile Fradkin
+1.646.941.9139
[email protected]

SOURCE Guidehouse Insights