Water and wastewater markets growing fast

The top five global growth markets for water and wastewater technologies and products were China, India, Mexico, Egypt and Australia, according to a technical market research report, Growing Markets for Water and Wastewater Technologies — ENV008A from BCC Research.

The expenditures for municipal water and wastewater applications were $8,066 million in 2005, $9,575 million in 2006, and $11,290 million in 2007.

They are expected to grow at a compound annual growth rate (CAGR) of 22.2% and reach $39,709 million by 2012. The municipal sector is a priority in almost every market. Because municipal water supply and quality directly affect so many people, it is typically funded first in both developed and developing countries.

The infrastructure applications market for fresh water supplies, drinking water and wastewater collection and treatment amounted to $6611 million in 2005, $7862 million in 2006 and will exceed $9287 million in 2007. This is expected to grow at a CAGR of 22.6% to reach $32,041 million by 2012.

Major new infrastructure systems are in great demand especially in developing countries. However, many infrastructure systems in developed countries are ageing and developing leakage problems which will soon require extensive retrofitting and remediation.

The market for industrial water and wastewater equipment was $3256 million in 2005, $3926 million in 2006 and will exceed $4696 million in 2007. On its current trajectory it will grow at a CAGR of 14.2% to reach $10,111 million by 2012.