China and India offer the best business opportunities for local and international water companies and for technologies vendors, according to a new report published by research company Frost & Sullivan.
The report notes that China and India, besides Japan, are the two largest economies in the world, are the most populous nations, and possess the fastest growing urbanization rates. Therefore, these countries will be witnessing a growing need for water infrastructure.
Frost & Sullivan, which named the Arad Group with the 2014 Global Frost & Sullivan Award for Emerging Market Innovation last month, said that the convergence of information and communications technology creates many opportunities for companies in the field of smart water metering,
They added that the potential benefits of this convergence are still largely untapped outside the U.S. and Europe. In Asia, potential markets for smart water meters and smart water grids include developed nations such as Japan, Australia and developing nations such as China.
The authors said that by 2025, global freshwater availability would drop by 11.3 percent from 2011. At the same time, population growth is imminent and industrial activities are expected to increase. Thailand, Malaysia, and China are the top three Asian countries to experience the fastest growing manufacturing entities between 2008 and 2015.
“The possibility of water minimization technologies and smart water metering is expected to reduce the stress on freshwater availability”, said Melvin Leong, Research Manager, Energy & Environment Practice, Frost & Sullivan Asia Pacific. “We believe that water scarcity can be mitigated by innovative water management and by developing unconventional supply sources.”