Smart Water Management_ The Way Forward

1. Smart Water Management: The Way Forward As cities become more sophisticated, there is an increasing demand for smart solutions to manage natural resources. Global population growth and urbanization are two main drivers of the huge gap between availability and demand for water resources. Furthermore, the world water supply is being strained by failing water infrastructure. Smart water management has become a necessity due to these factors. Smart water management is a system that collects useful and actionable data about a city's water flow, pressure, and distribution. Its fundamental purpose is to guarantee that water transportation infrastructure and energy are properly handled. Pressure management, smarter leakage strategies for water networks, smart network operations and maintenance of the water cycle, smart water meter technologies, and smart water quality monitoring are some of the most important aspects of water management. Countries all throughout the world are becoming aware of how important the water situation is. According to Technavio researchers, the worldwide smart water management market was worth $7 billion in 2015 and is predicted to be worth $16.73 billion by 2020, rising at a CAGR of 19%. What’s driving the smart water management market? 1. Greater use of technology Technology and smart water management go together. Several vendors are examining water distribution methods, improving the water networking system, and reducing operating expenses with the use of cutting-edge technology solutions. This

2. is why there has been an increase in water abstraction, treatment, and the implementation of alternate water runoff management technologies in metropolitan areas. 2. High operating costs The rise in operational expenses caused as a result of poor water infrastructure is one of the key issues confronting most developing countries today. These nations are looking for methods to save costs, particularly those associated with leak monitoring, chemicals, and energy pumping, which has prompted them to adopt smart watering systems. 3. Demand-supply mismatch Due to a mismatch in water demand and availability, which has resulted in uneven distribution, the twenty-first century is commonly referred to as "the water century." Freshwater found in rivers, lakes, and other bodies of water makes up only 0.01 percent of the total water supply in the world. This will probably not be enough to meet the increased demand for water, especially in emerging countries. This is where firms that specialize in smart water management may help. These businesses are searching for solutions to enhance water quality as well as satisfy their water demand. Aside from the three mentioned factors, the rising trend of employing smart water meter technology and the introduction of real-time monitoring are both contributing to the global smart water management market's growth.