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Water Utility Services Market Presents a $450 billion Opportunity that will Grow with the Adoption of Circular Economy
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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.
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