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Annual revenue growth for 2023 among the 10 publicly traded digital water companies tracked by Bluefield was 7.2%. Five firms recorded double-digit growth, led by Badger Meter’s 24.4% increase from 2022. Trimble reported the largest decline in annual revenue at 6.4%; it also divested its remote network monitoring business, Telog, to Badger. A stabilization of supply chain conditions and cost of capital should benefit digital firms going forward.
This Quarterly Review highlights key trends in project and policy development, mergers & acquisitions, and early-stage funding in digital water, globally.
In this Digital Quarterly Review:
- Digital water revenue share grows as top digital water vendors cap off 2023 with strong gains
- Mixed results continue in digital water M&A and venture capital investments
- Cybersecurity shaping digital water priorities
- Artificial intelligence-based solutions gain traction in digital water
