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Top 10 Growth Opportunities in Water Utilities, 2024

  • Report

  • May 2024
  • Region: Global
  • Frost & Sullivan
  • ID: 5983198

Embracing Digital Transformation to Reach Sustainability Goals

Globally, water utilities face unprecedented weather patterns, urbanization trends, and various disruptive events that affect their service quality and asset sustainability. In response, utility operators are exploring various solutions to ensure resilience and are taking major steps toward circular economy and net zero goals to ensure long-term environmental and economic sustainability.

The profound impact of digital transformation and its ability to improve sustainability and resilience have spurred utilities worldwide to invest significantly in digital solutions that will optimize their water and wastewater infrastructure.

Water utilities are relatively more open than other sectors to adopting new everything-as-a-service (XaaS) business models to help more quickly adapt to advanced technologies. XaaS business models offer added value and enable outcomes that align with customers’ sustainability goals.

The Top 10 Growth Opportunities in Water Utilities, 2024 research provides insights and strategies that solution providers can use to best leverage the key drivers that are shaping new growth areas amongst water and wastewater utilities.

Table of Contents

Top Growth Opportunities for 2024
  • Strategic Imperatives
  • Sustainability and Circular Economy Practice
  • Top 10 Growth Opportunities
  • Growth Opportunity 1: Digital Twin and Digital Twin Lite
  • Growth Opportunity 2: Smart Water Metering
  • Growth Opportunity 3: Direct and Indirect Potable Reuse
  • Growth Opportunity 4: Sludge Treatment and AD for RNG and Nutrients
  • Growth Opportunity 5: Cybersecurity
  • Growth Opportunity 6: Green Hydrogen
  • Growth Opportunity 7: Real-time WQQM and Asset Management Platforms
  • Growth Opportunity 8: Smart Wastewater Networks
  • Growth Opportunity 9: Advanced Membrane Solutions Enabling ZLD and Resource Recovery
  • Growth Opportunity 10: PFAS
  • Next Steps
  • Legal Disclaimer