The global water and wastewater networks market earned revenues of $89.86 billion in 2014 and is estimates to reach $156.04 billion in 2020, according to analysis from Frost & Sullivan.
The report covers the segments of analytics and software, automation and ICT, meters, pumps, pipes and allied pipe network services, and design and engineering services.
According to CEO 360 Degree Perspective on Global Water and Wastewater Networks, the global water and wastewater network market is growing steadily due to increasing connectivity and rehabilitation needs.
Currently, less than 60 percent of the world has pipe water connectivity and about 65 percent has access to proper sanitation. A cumulative investment of $0.75 trillion is expected to be made by 2020 to establish and maintain water and wastewater networks, taking access to pipe water and improved sanitation figures up to 70 and 75 percent respectively.
Strong revenue potential exists for market participants. Both developed and developing regions will be lucrative markets, with the former likely to move towards smart systems while the latter leapfrogs to smart networks, the report says.
Smart systems, automation and control, and trenchless technologies will address the requirements of a large segment of the global market and outpace the growth of other network components. The report says water and wastewater network infrastructure providers should focus on providing these products at an affordable price to attract cash-strapped utilities.
Photo Credit: water pipes via Shutterstock
