Banyan Water and Apana are two companies marketing their water technology products to businesses. Earlier this month Banyan Water said its smart water management products saved commercial and institutional clients 1.75 billion gallons of water since 2011. And Apana, which sells its sensors, telemetry equipment and data analytics software to retailers and other commercial and industrial building managers, has helped its primary customer Costco realize water savings of about 20 percent, the Guardian says.
Areas of drought in the western US is driving the water technology market. In California, for example, Gov. Jerry Brown earlier this year issued a mandatory 25 percent consumption cut from the 2013 levels for businesses and residences.
Global spending on water technology including smart meters, sensors and software that track and analyze water consumption is expected to grow from $15 billion in 2010 to $25 billion by 2018, according to Global Water Intelligence, a UK research firm.
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