RACO Manufacturing and Engineering Co. has introduced Verbatim Connect for its Verbatim alarm autodialer product line. Verbatim Connect—used with...
Improvements in economic conditions & environmental concerns due to water pollution from the industrial & agricultural sectors are expected to drive growth in wastewater & sewage treatment markets
Improvements in global economic conditions, especially in emerging economies, and increasing environmental concerns due to water pollution from the industrial and agricultural sectors are expected to drive growth in wastewater and sewage treatment markets across the globe. The global water utilities industry revenue is forecast to reach an estimated $432 billion in 2017 with a CAGR of 4.2% over the next five years.
Lucintel has analyzed the global water utilities industry and presents its findings in “Global Water Utilities Industry 2012-2017: Trend, Profit and Forecast Analysis.”
The global water utilities industry comprises establishments primarily engaged in water treatment, distribution and sewage removal, which includes collection, treatment and disposal of waste through sewer systems and sewage treatment facilities. Europe dominates the water utilities market. The market is highly fragmented with a few major players. The industry is highly regulated as it needs to meet stringent hygiene standards and there is no product differentiation.
Lucintel’s market research outlines that increasing investment in water infrastructure and sewage removal facilities will drive the market. It also helps in reducing water pollution and theft. Government regulation concerning the reduction of carbon emission boosts the demand of water for power generation. Technological advancement and operation efficiency in wastewater treatment is expected to drive the market by reducing the industry’s carbon footprint and saving the additional capital and operation required for further processing of emitted gas. Leakage and substantial losses due to the aging infrastructure and bridging the demand supply gap are some of the challenges faced by the industry.
This study provides a concise overview of the global water utilities industry, but does not include revenue of extraction in water. Market size is calculated as the revenue generated by distribution of water to the end customer. The report tracks one market segment for four regions; thus, it tracks four segments of the global water utilities industry. Water utilities is a segment of the global utilities industry.