Flood and Emergency Events in the North American Water and Wastewater Market
NEW YORK, Feb. 17, 2016 /PRNewswire/ -- Flood and Emergency Events in the North American Water and Wastewater Market : Flooding is the New Normal as Municipalities Must Adapt
North American cities are highly exposed to the risk and damage of flooding, which is becoming the norm New strategies in urban flood management are needed to mitigate the impacts Key Mega Trends affecting the market include climate change, deteriorating infrastructure, and constrained public spending These realities present an opportunity that is layered and highly local in design The market is composed of various segments that include pumping and dewatering, water and wastewater treatment, storm water treatment, emergency and mobile water services, EPC engineering and design, environmental management, and decision-support platforms
Key Findings
The water and wastewater market for flooding and emergency events is becoming much more standardized and nuanced This is the result of 'emergency' events becoming much more regular and expected
- Key Mega Trends affecting the market include climate change, deteriorating infrastructure, and increasingly constrained public spending These three trends compound problems for urban water management strategies
- As a result, the market is increasingly catering towards sophisticated urban defense and mitigation planning for extreme wet weather events and chronic conditions
- North America, in particular, is a region of high exposure to flood risk Out of the top cities highest at risk to flood damage, are located in the US and Canada
- These realities present a market opportunity that is layered and highly local in design The market is composed of various segments, including pumping and dewatering, water and wastewater treatment, stormwater treatment, emergency and mobile water services, EPC engineering and design, environmental management, and decision-support platforms and crisis management centers
- These market segments offer the ability for urban regions to devise various strategies to combat the increased occurrence and damaging impact of flood and emergency events
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