This April, we published a post on the expanding North American water crisis, and the subsequent boom in sales of clean water technology, namely: treatment chemicals. What we didn’t discuss, is the corresponding growth in the Global Water IT Market.
The need for access to safe drinking water has spurred a desperate need for innovative water solutions, and unfortunately the standard filtration methods of the past are simply not enough to deal with the scale of treatment required to accommodate the billions of people across the globe. As such, more and more attention is being geared towards the Global Water IT Market which is expected to rise at a CAGR of 35.98 percent in the 2012-2016 period. Water IT technologies include the following:
All of these products and solutions have immense potential for profit as governments across the world launch a flurry of initiatives to address the depletion of water sources and to promote water conservation.
Ultimately, the success of the water IT solutions seems inevitable, if solely based on the fact that there’s not a single person on Earth who doesn’t have a stake in clean water technology. Pushed by the needs of almost-7-billion people behind it, it’s no wonder that the Global Water IT Market is poised to more-than-triple in value in the next four years.
For more info, view our 2012-2016 report on the Global Water IT Market.
Other Related Reports:
Global Water Desalination Market 2012-2016
Global Water Treatment Products Market 2012-2016
