The
global water utility services market includes a number of domestic as
well as private companies responsible for the timely and safe
distribution of water and other related services such as sanitation
management, wastewater management, and water utilities, among others.
The industry of water is predicted to expand at 4-5% annually, among
which water utilities account for nearly 50% of the total industry.
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The
demand for water from the agricultural, residential, and industrial
sectors is fuelling the market for water utility services. Water
utility services are highly regulated and they come under state,
municipal, and federal jurisdiction. Safety of the water is
maintained by the local food and drug administration and the central
courts make sure of the fair distribution of supply to all the states
within a country. Local and state authorities also test the quality
of the water supplied.
Economic
Crisis in Europe and Asia Increasing Investment Opportunities for
Private Companies
The
local authority holds the primary share in the water utility sector.
However, currently the water utility services all around the world
have been facing a number of challenges. For instance, the change in
the regulatory models in the UK and Australia, the development of the
water distribution network in Asia and the Middle East, and the aging
infrastructure in the U.S. are amongst the prime challenges
experienced by the global water industry.
To
overcome these challenges, the water industry requires big
investments for improving the customer services, operational
efficiency, deploying smart innovative technologies, and for enabling
flexible supply. Nowadays, individuals have become extremely
conscious about the quality of water as well as the effectiveness of
the related services. Due to this, there is a lot of financial burden
on Europe, Asia, and Africa However, this has actually acted as a
driver for private companies and has created big investment
opportunities for them. Hence, a number of private companies have
taken over the water utility services in countries including Italy,
France, the UK, and the Czech Republic, among others.
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Europe
Emerged as the Most Proficient Water Utility Service Provider
On
the basis of geography, the global water utility services market is
segmented into Europe, North America, Asia Pacific, the Middle East
and Africa, and Latin America. Amongst these, Europe emerged as the
most proficient utility service provider for water utilities. The
water market in the U.S is experiencing the requirement for
exhaustive refurbishment and is also a promising market for the
companies operating in the water utility services market. The Asia
and the Middle East and Africa markets are expected to present
enormous investment opportunities and are attractive markets for
prime players owing to lack of infrastructure and water supply
shortages at present.
The
prominent players operating in the water utility services market
include 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., among others.
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