Ageing Water Network Market Set to Double
Published on by Water Network Research, Official research team of The Water Network in Business
The global water and wastewater network market earned revenues of US$89.86bn (£57.01bn) last year and the figure is set to reach $156.04bn (£99bn) by 2020, new analysis by Frost & Sullivan has revealed
The analysis, CEO 360 Degree Perspective on Global Water and Wastewater Network , highlights that less than 60% of the world has pipe water connectivity and about 65% has access to proper sanitation. A cumulative investment of $0.75 trillion (£0.45 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% respectively.
Frost & Sullivan Energy & Environmental Research analyst R Ramkumar said: "Most challenges facing utilities such as the lack of financing infrastructure, non-revenue water losses, and pipe blockages have their root cause in ageing infrastructure. With more than half of the world's networks nearing the end of its useful life, systematic replacement and rehabilitation activities will account for the bulk of opportunities in the market."
Source: WWT
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