How smart water technology is driving smarter living.
Across the world, more and more of us are living in cities and urban areas. According to the United Nations, 66% of the world’s population will live in urban areas by 2050. Currently, around half of all urban dwellers live in cities with populations between 100,000 and 500,000 people, and almost 10% of urban dwellers live in mega cities – a city with a population of more than 10 million. This growing trend towards urbanisation is advancing the development of ‘smart’ infrastructure. As unprecedented population growth increases pressure on the systems and structures that support social and economic progress, municipalities and private technology companies are seeking smarter, more efficient ways of supporting Twenty First Century living. Governments and private companies are looking at how cities and their buildings can be more sustainable and ecological. In fact, global smart building technology spending is forecast to grow from $6.3 billion (€5.3billion) in 2014 to $17.4 billion (€14.6billion) in 2019, registering a compound annual growth rate (CAGR) of 22.6%, according to a report by IDC Energy Insights. The report notes that the most aggressive adoption will be in Asia/Pacific, North America, and Western Europe.