Global Water Utility Services Market: Overview
The companies that offer safe and appropriate distribution of water and also provide services such as wastewater treatment comes under the water utility industry. The companies involved in the water utility industry are local government bodies. However, many private companies have shown up their interest in the water utility industry recently. It is always the local authority that has the maximum share in the water utility sector.
Global Water Utility Services Market: Segmentation
The water utility services market is segmented into its functions and regions. There is a different arrangement in which the water utilities function all over the world such as there are utilities that are separated by function and some are integrated water system among others. In the integrated system, there is a single entity that handles different functionalities such as sanitation system, water supply, and wastewater treatment. While in the case of utilities that are separated by functions, separate organizations will be handling different utilities. Geographically, the water utility market can be divided into regions such as Asia-Pacific, Europe, North America, and Rest of the World.
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Global Water Utility Services Market: Growth Factors
In many countries, the local governments are selling their water utilities to the private sector so that they can invest in other responsibilities. The private companies are following the policies of acquisitions and mergers or they are entering into the non-regulated market to increase their scope. The increase in the population and urbanization has created the demand for the water utility services market. Many manufacturing industries require water as their main component, hence driving the water utility services market. The water used in these industries need to be treated and recycled for the further availability of water thus affecting the market growth. The change in the regulations by Australian and the U.K. government, the problems faced in the water distribution in the regions such as the Middle East and Asia, the issues of infrastructure are factors making it necessary for the need to make huge investments and improve the technology in the water utilities services, thus boosting the market growth.
Global Water Utility Services Market: Regional Analysis
Europe is the most efficient service provider for water utilities. In the European region, the private sector has the major share in the water utility services. The other region that is developing in the water utility services market is North America. The U.S. has many companies that are investing in the water utility sector. The Asia Pacific region has the lack of technological development and infrastructure, hence witnessing a sluggish growth in the water utility services market. The Middle East and Africa faces the problem of shortage of water supply; thus the market growth in this region is significant. The wastewater management and the smart technology application for the supply of water are the segments of the water utility services that are estimated to have the huge share in the coming years.
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Global Water Utility Services Market: Competitive Players
Some of the key players in the water utility services market include American Water Works Company, Inc., SAUR, National Oilwell Varco Connecticut Water Co., Pentair plc, Watts Water Technologies, Inc., Thames Water Utilities Limited, Messe Berlin GmbH, Veolia Water Technologies, Artesian Water Company, United Utilities Group PLC, and LAYNE.
Global Water Utility Services Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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