Frost & Sullivan: Massive Energy Savings With Smart Water Grids
Opportunities forecasted to reach $20B by 2020
Water utilities are poised to make unprecedented savings from the deployment of smart water grids, which will serve to maximize operational and management performance. According to Frost & Sullivan, smart water grids can deliver 30% reductions in energy expenditures which is very large considering many water utilities easily spend 60% of their annual budgets on energy.
Savings and operational efficiencies are the largest drivers of the smart water grid market. The other top drivers are technological capability; social awareness; and environmental pressures.
Frost & Sullivan Environment Research Analyst Seth Cutler discussed the opportunities within the smart water grid market in a webcast that took take place on November 2, 2011.
Water utilities are undergoing a global transformation as smart water grid ICT solutions are used to trim long-term spending and reduce carbon footprints. Deteriorating infrastructure, rising energy prices, economic uncertainty, and water supply pressures enhance the market's attractiveness and carve out an opportunity worth over $20B annually by 2020 for solutions providers. This reality is drawing the focus of leaders and innovators from multiple industries as they seek to capitalize on future growth," observes Research Analyst Seth Cutler.
The webinar examined this rapidly growing market with a global analysis and an assessment of future opportunities and emerging trends that can benefit several stakeholders in the value chain of the water sector.
To receive a link to the recording please contact Chiara Carella, Corporate Communications, at chiara.carella@frost.com with your full contact details.
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SOURCE: Frost & Sullivan