NEW YORK, Jan. 27, 2016 /PRNewswire/ -- Water utility services are a priority market for governments and private operators. An estimated value of $450 billion was spent on its operations in 2014, driven by the need to build, renew, and improve water and sanitation infrastructure. Need for sustainability and for a circular economy trains focus on innovation and efficiency measures to be deployed in the entire water cycle management—starting from abstraction of water and re-use of treated wastewater to waste disposal. The market is expected to see a regulated growth, at an estimated compound annual growth rate of 3.5%, due to factors such as capital availability and governmental interest.
Key Findings Summary
Focus of water utilities is shifting from make-use-dispose to a circular economy where every resource and every material is recycled for reuse. It brings efficiency and sustainability to utility operations and conserves the environment.
Global water utility services market is expected to grow from $ billion in 2014 to $ billion in 2020 at a compound annual growth rate of %. APAC and Europe are set to be centres of absolute growth and innovation, respectively.
Expansion of utilities' infrastructure, to bring unconnected population to water and wastewater services grid, and renewal of ageing infrastructure will drive investments. However, the growth on spending will be restricted by availability of capital and governmental regulations.
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