The global water and sewer utilities market was valued at almost USD 563 billion in 2016 and is expected to reach USD 732 billion by 2021.
Procurement market intelligence analysts have announced its latest market research report on water and sewer utilities market for the period 2017-2021. This market analysis discusses the major drivers and key emerging trends that will influence the growth of the water and sewer utilities market during the forecast period. Some of the top vendors listed in this industry analysis include Veolia, Suez Environnement, Xylem, American Water Works, and Thames Water Utilities.
The global market for water and sewer utilities was dominated by Europe with a market share of around 33% during 2016. Modernization of existing infrastructure systems to decrease non-revenue water challenges from aging infrastructure is fueling the growth of the European water and sewers market.
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According to Angad Singh, a procurement specialist at Technavio for research on category spend intelligence, “Increased demand, especially for water treatment and reclaimed water, is prompting many service providers in the market space to partner with equipment manufacturers for projects such as building desalination plants. Top suppliers such as Veolia and Suez have ventured into both service and equipment manufacturing. Such strategic alliances between suppliers create opportunities for innovation and decrease the costs associated with functions such as R&D.”
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The new procurement market intelligence report analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
Regulatory requirements
Many regulations in various countries facilitate the provision of quality water through proper services and infrastructure installations. For instance, regulations such as Water Industry Regulations 2012 (in Australia) and Water Conservation Act 2009 (California) address the use of water and sewers infrastructure and equipment and water conservation measures. Such stringent regulatory measures facilitate the growth of the industry by driving investments in water conservation and sewage treatment.
Growing importance of grey water utilization
The greywater recycling systems collect and treat the used water, which is utilized for non-potable purposes such as irrigation and other commercial uses. Due to increase in water costs, many commercial establishments worldwide focus on grey water systems as they are relatively cost-effective. Such cost focus investments are expected to drive the growth of the water treatment utilities market during the forecast period.
Increased need for water and wastewater treatment from industrial sectors
Revival in various sectors such as manufacturing, oil and gas, and shale gas production is propelling the need for adoption of water and wastewater treatment measures. For instance, the water generated during the production of oil and shale gas is used increasingly, whereas the manufacturing industry reflects heavy water requirements for purposes such as cooling and cleaning.
A more detailed analysis is available in the procurement market intelligence report titled, ‘Global Water and Sewer Utilities – Procurement Market Intelligence 2017’.
