The
world population is increasing at the annual average growth rate of
approximately 1.1%. This growing population is has created for
efficiency in water market. The water market includes water
utilities, waste water management, and sanitation management through
water, among others. The water industry is estimated to grow by 4-5%
in yearly basis and water utilities account near about 50% of this
industry. The United Nation’s Millennium Development Goals (MDGs),
has set on a target of reducing the number of people without having
sustainable access to drinking water and sanitation. This target is
shared among many countries worldwide, especially developing
countries where the number ofpeople meeting the UN’s criteria is
high. This factors have led the increased investment in the water
utilities market.
In-depth
research report on Water Utility Services Market with
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The
water utility industry comprise of the companies offering safe and
suitable distribution of water and services such as wastewater
treatment. Mostly the companies providing this services are local
government body. However the recent trends show the involvement of
private companies in water market. The water utilities all over the
world function in different arrangement such as integrated water
system and utilities separated by functions, among others. The
integrated systems consist of a single entity handling the water
supply, sanitation system and wastewater treatment. Conversely, in
separated by function type arrangements, the different types of
utilities will be handled by different organization.
The
local authority has the maximum share in the water utilities sector.
However the water utilities all over the world are facing multiple
challenges. The change in regulatory models for Australia and UK, the
water distribution network development in Middle East and Asia, and
the aging infrastructures issues, such as in the US are part of the
challenges faced by water industry. To solve these problems, the
industry needs huge investment to develop operational efficiency,
appropriate customer services, flexible supply, and deployment of
innovative smart technologies. On addition to this, the water market
is highly regulated and the policies and demand may change rapidly.
The customer today is highly conscious about quality of the water and
the efficiency of the related services. This creates additional
burden on the government facing economic crisis such as in European
region and in developing countries of Africa and Asia. However, these
drivers have created huge investment opportunity for private
companies. Many private companies have taken over the water utilities
network in countries such as the France, Italy, Czech Republic and UK
among the others. The investment in water utilities vary according to
the region as the water distribution systems and demands varies from
country to country.
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The
local governments in many countries are selling their water utilities
to the private companies to raise money for other responsibilities.
This has created opportunities in countries such as US. The companies
in this sector are following the policy of merger and acquisitions or
entering the non-regulated market to increase their scope. The need
for modernization and rehabilitation projects has created the demand
for totex approach for investment. In the totex approach, investments
are decided on the basis of cumulative consideration of capital and
operational expenditures. The stress on expansion and increasing
efficiency has also created a booming market for related services to
water utilities.
The
European region is considered to be one of the most efficient service
provider for water utilities. The private sector has already major
share in Europe’s water industry. The US market facing the need of
intensive refurbishment is another developing market for water
utilities’ companies. Asia facing the lack of infrastructure and
technological development, will create huge investment opportunities
in water industry market. The Middle East and Africa are the other
attractive markets as they have water supply shortage. The smart
technology application and water and waste management are among the
water utilities solutions estimated to have highest investment share
in the forecast period.
Some
of the major companies in the water utilities market are Thames Water
Utilities Limited, American Water Works Company, Inc., Messe Berlin
GmbH, SAUR, Veolia Water Technologies, National Oilwell Varco
Connecticut Water Co., LAYNE, Artesian Water Company, Pentair plc,
United Utilities Group PLC, and Watts Water Technologies, Inc.
This
research report analyzes this market on the basis of its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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This
report is a complete study of current trends in the market, industry
growth drivers, and restraints. It provides market projections for
the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
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