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Industry Landscape
The water and wastewater utility industry is undergoing a significant transformation, driven by aging infrastructure, increasing regulatory pressures (like LCRR), and a growing emphasis on sustainability. Utilities are shifting from reactive to proactive maintenance, leveraging AI/ML for predictive analytics to optimize operations, reduce costs, and ensure compliance. Digitalization and smart solutions are key to addressing these challenges.
Total Assets Under Management (AUM)
Water & Wastewater Infrastructure Spending in United States
~$105 billion (2023 estimate)
(3.5% CAGR)
- Capital investments in new infrastructure.
- Rehabilitation and replacement of aging systems.
- Operational expenditures for maintenance and repairs.
Total Addressable Market
25 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Digital Twins
Digital Twins create virtual replicas of physical infrastructure assets, enabling real-time monitoring, predictive modeling, and scenario planning for optimal asset performance and capital allocation.
Edge AI for Sensors
Integrating AI directly into sensors and IoT devices at the network edge allows for immediate data processing and anomaly detection, reducing latency and improving responsiveness for predictive maintenance.
Blockchain for Water Rights & Traceability
Blockchain technology can provide immutable records for water usage, rights management, and supply chain transparency, enhancing trust and efficiency in water resource allocation and management.
Impactful Policy Frameworks
Lead and Copper Rule Revisions (LCRR) 2021
The LCRR (effective 2021) requires all community water systems to develop and maintain a lead service line inventory, replace lead service lines, and provide public notification about lead in drinking water.
This rule directly drives demand for VODA.ai's Lead Management solutions (LeadFinder & LeadZero) by mandating utilities to identify and replace lead service lines.
Bipartisan Infrastructure Law (BIL) 2021
The BIL (2021) allocates over $50 billion to the EPA for water infrastructure improvements, including significant funding for lead service line replacement, clean water, and drinking water state revolving funds.
The substantial funding from BIL accelerates infrastructure upgrade projects, increasing the budget available for utilities to invest in VODA.ai's predictive maintenance and capital planning solutions.
Cybersecurity and Infrastructure Security Agency (CISA) Industrial Control Systems Cybersecurity Performance Goals (2023)
CISA released voluntary cybersecurity performance goals in 2023 for critical infrastructure sectors, including water and wastewater, aimed at reducing risks to operational technology (OT) and industrial control systems (ICS).
While voluntary, these goals encourage water utilities to enhance their cybersecurity postures, which aligns with VODA.ai's ISO 27001:2022 compliance and emphasis on data security for sensitive operational data.
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