Advanced asset management poised to drive $41 billion in savings, report says

According to a report from Bluefield Research, smarter, more advanced asset management strategies could save water utilities $41.9 billion in capital expenditures by 2027. These savings stem from the proliferation of new technology solutions and companies adjusting their business models to serve the municipal water sector.

Utilities rely on asset management solutions to maximize asset service life and prioritize capital investment for critical infrastructure. For the water sector, concerns over older infrastructure, aging workforces, and increasing climate volatility are bringing this issue to the forefront.