Aging Water Infrastructure & Pressing Need for Water Access Drives Demand for Water Supply Equipment, According to a New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) April 30, 2015 -- Follow us on LinkedIn – Global water demand continues to escalate driven by growing population, rapid economic activity in emerging economies, and the continuous rise in per capita water consumption. The situation is further complicated by the uneven distribution of drinking water reserves across various geographic regions. With government, non-government and international organizations focused on resolving water management issues in countries facing water crisis, there exists strong opportunities for the growth of water equipment. Demand for water pipes and other infrastructure equipment is driven by the rapid progress in the construction industry and increasing investments from private sector.
Dilapidated water infrastructure and aging pipelines will drive demand for replacement pipes and pumps in upgrade and repair projects in developed markets. Rise in water demand, changing climate, and regulations are contributing towards making the water sector a lucrative market for technologies designed to minimize costs and regulate water wastage. Smart water meters are growing in popularity owing to the surging demand for analytics, managed services and adoption of smart water network. With the world moving towards sustainable energy sources, pumps running on electricity generated by photovoltaic panels or battery as opposed to grid electricity or diesel are gaining demand. Smart pumps and variable speed pumps are poised to benefit from the ongoing drive towards water and energy efficiency.
As stated by the new market research report on Water Supply Equipment, the United States represents the largest market worldwide. Asia-Pacific represents the fastest growing market at a CAGR of 11.6% over the analysis period. The growth in the region is driven by rising water needs as a result of growing population, increasing urbanization, and government spending on water infrastructure projects.
Major players covered in the report include ABEL GmbH & Co.KG, Advanced Drainage Systems, Aliaxis SA, AMERICAN Cast Iron Pipe Company, Badger Meter, Elster Water Metering, Flowserve Corp., Grundfos AS, Itron Inc., JM Eagle, Mexichem, S.A.B. de C.V., Wavin N.V, Pentair Water Solutions, Performance Pipe, Pipelife International GmbH, United States Steel Corporation, and Xylem, Inc. among others.
The research report titled “Water Suppy Equipment: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, and strategic industry activities. The report provides market estimates and projections for major geographic markets including the US, Canada, Japan, Europe, Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. The report is analyzed by following application markets - Sewage & Wastewater and Water Utilities and Segments – Pumps,Pipes, and Others.
For more details about this comprehensive market research report, please click here
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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