The global water market: a slow business with pockets of action
- From: Vol 8, Issue 10 (October 2007)
- Category: General
- Region: Unspecified
- Country:
- Related Companies: Black & Veatch, CH2M Hill, GE, Siemens, Suez and Veolia
Growing water scarcity and increased environmental concerns should ensure strong growth in the water sector. It is not as simple as it sounds, though. Christopher Gasson sums up the findings of GWI’s Global Water Market 2008 report.
Despite the hype, water is a sluggish market. It is set to grow at a compound annual growth rate of 4.2% over the next decade (see chart below). This is because the municipal sector – which represents the largest part of the market – is chronically under-funded. Without a market mechanism to match supply with demand, the overall pattern of the ...
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