|Growth Opportunities in Global Smart Water Leakage Management Solutions Market, Forecast to 2025|
|Global Non-revenue Water (NRW) Losses of about $40 Billion is Driving Growth Opportunities for Smart Water Leakage Management Solutions|
Water is one of the most valuable resources across the globe. Rapid urbanisation across all regions has led to the rise in water demand. Water stress, coupled with climate change, has significantly impacted the availability of water to meet the rising urban demand. Non-revenue water (NRW) is water that is lost before it reaches the end users. Physical loss, i.e., water lost through leaking pipelines is a key contributor to NRW. Most urban centres across the globe have water pipelines that are more than 60 years old. The global NRW is estimated at 126 billion litres per year, which has a monetary value of around $40 billion/year.
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