Global Outlook of the Water Industry, 2018

Sustainable Water Solutions Through Digitalization
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Published: 18 May 2018

Smart-IoT enabled and digitalized sustainable solutions are the key growth factors in the water industry, which is characterized by an increasing stress of water resources across the globe. The municipal water market is set to extensively adopt new communication technologies like LPWAN, which is suited to support IoT, and explore AI and robotic solutions for process control and management, along with transitioning to sustainable business models. Whereas, there is a growing demand for decentralized/mobile treatment systems in the industrial water market. Smart sensors with self-calibration/cleaning ability and artificial intelligence (AI) for operation and maintenance of the treatment systems are being explored. Revenues for the global water market are estimated to reach $ 695.9 billion in 2018. Membrane-based treatment technologies are set to dominate due to their improved efficiency and easy availability. The municipal segment is set to grow at a rate of 6.4%, while the industrial segment should grow at 7.6%, in 2018.

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