Transparency Market Research has provided top-class market research analytics on the energy sector. One of the key reports in this sector is “Water Utility Services Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 – 2023.” The report makes use of past and present data in order to create a segmented analysis of the drivers, restraints, opportunities, and threats that are relevant to the global water utility services market.
The global population is increasing by 1.10% every year. This provides the primary driver of the global water utility services market, which is to meet the needs and demands of the increasing population. The global water utility services market not only needs to provide more water, but also needs to do it in the most efficient way possible, in order to withhold overconsumption of usable water.
The water industry is expanding by at least 4.0% every year, and the global water utility services market takes up nearly half of this market’s activity.
A large portion of the global water utility services market involves players that provide a secure and safe water distribution mode along with wastewater management services. Until recently, most of these market players were local government bodies. But as the consumption of water increased rapidly, private players began investing in the global water utility services market, which has been the trend till now.
The players in the global water utility services market operate in different modes, which changes according to region and requirement. Most of them operate using integrated water systems, while some may even use functionally separated utilities.
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Europe has been leading the global water utility services market, since a large share of the European water industry is held by its private sector. On the other hand, the U.S. industries are currently in need of major overhauling, creating a high rate of growth in the global water utility services market. Besides, Asia has been showing rapid increase in the rate of industrialization. Despite the current lack of technological advancements and modern infrastructure, Asia Pacific is expected to invest heavily in water utility services in the near future, as well as provide additional investment opportunities for global players. Africa and the Middle East are also set to provide a substantial boost to the global water utility services market in terms of revenue generation.
The key players in the global water utility services market are Watts Water Technologies, Inc., United Utilities Group PLC, Pentair PLC, Artesian Water Company, LAYNE, National Oilwell Varco Connecticut Water Co., Veolia Water Technologies, SAUR, Messe Berlin GmbH, American Water Works Company, Inc., and Thames Water Utilities Limited.
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