Water Infrastructure and Repair Technologies: Closing the Gap

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Water Infrastructure and Repair Technologies
Closing the Gap As per United Nations Environment
Programme, more than 3 billion people globally
are at risk of disease due to hazardous water
quality in rivers, lakes, and groundwater.
Moreover, the water availability in a 5th of the
world's river basins is experiencing significant
fluctuations, exacerbating the water crisis.
Therefore, water infrastructure and repair
technologies play a crucial role in the proper
functioning of water delivery systems, resource
management, flood protection, and other critical
applications.
The global water infrastructure and repair
technology market is expected to gain 165096.73
million by 2030, growing at a CAGR of 6.49
during the forecast period 2023-2030. The global
surge in population and the consequent influx in
water demand have propelled significant growth in
the market. According to a recent study by the
United Nations Environment Programme,
approximately 80 of the world's wastewater
remains untreated, comprising various
contaminants such as organic human waste and
hazardous industrial discharges.
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The need to ensure efficient and reliable
operation of water infrastructure systems has led
manufacturers to develop advanced technological
devices. WIRT solutions minimize water loss and
contamination, and provide safe and reliable
access to water for communities, industries, and
businesses, ensuring the sustainability of water
resources. The category segment of the market
includes assessment, replacement, rehabilitation,
and spot repair. In 2022, the replacement
category dominated the market with a revenue of
38898.63 million. However, high operating
expenses associated with the equipment is the key
challenge to the operating players. Maintenance
costs, plant monitoring costs, energy costs, and
pollution charges can significantly influence the
operational expense. In particular, the high
operational cost of a water treatment facility
can contribute significantly to the annual
cost. For wastewater systems, operation,
maintenance, and monitoring of a wastewater
treatment plant can amount up to 50 of the
annual costs. To give an example, Veolia Group's
increasing debt levels have resulted in the
company having to allocate a significant portion
of its cash flow from operations toward the
payment of principal and interest on its loans,
which reduces the availability of funds for other
areas of the business such as working capital,
capital expenditures, and acquisitions. WIRT
Innovation in Water and Energy Sectors The global
population is rapidly increasing, leading to
widespread urbanization and a surge in demand for
energy fuels, including petrol, natural gas, and
kerosene. As a result, refineries are expected to
increase their output to meet this growing
demand. Incorporating water treatment in
refineries has the prime objective of reducing
utility costs and making water available for
captive electricity production. For instance, The
Port Arthur Refinery in Texas, one of the largest
refineries in the US, implemented a water
treatment program that treats wastewater using
advanced technologies such as reverse
osmosis. Manufacturers in North America are
exerting themselves to match the burgeoning
requirement for municipal and industrial water
infrastructure, as well as repair
technology applications. Also, governments in the
region are initiating steps to
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upgrade the water infrastructure system by
introducing new incentives. The Canadian
Government has initiated the Clean Water and
Wastewater Fund (CWWF) which provides short-term
funding of 2 billion. The program initiatives
are to improve water treatment and water
distribution infrastructure systems. As per our
estimates, the North America water infrastructure
and repair technology market is full of untapped
opportunities waiting to be explored and is
expected to grow at a CAGR of 6.82 during the
forecast period of 2023-2030. From Scarcity to
Sustainability The Promising Future of Water
Industry With groundwater being exploited at an
alarming rate, freshwater depletion has become a
critical issue. The impact is witnessed across
sectors, including agriculture, which is heavily
reliant on water resources. The severity of the
situation necessitates prompt action to promote
water infrastructure and repair technologies
(WIRT) that can help conserve, manage, and
recycle water resources. Few Notable
Examples Coca-Cola, the global beverage company,
uses advanced water treatment systems in its
bottling plants to recycle and reuse wastewater,
reducing its dependence on freshwater
sources. Intel Technology Company has invested in
a water reuse system in its manufacturing plants,
which treats and recycles wastewater for use in
cooling towers and other processes. Levi Strauss
Co, the global apparel company has implemented
a water recycling program in the textile
manufacturing process, which treats and recycles
wastewater for reuse in textile dyeing and
finishing processes.
FAQs 1. What major hurdle does the analyzed
market encounter? The high operating costs are
affecting the growth of the market for water
infrastructure and repair technology.
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2. What is the estimated value of the Global
Water Infrastructure Repair Market? According to
Triton Market Researchs report, the water
infrastructure and repair technology industry,
with a valuation of 99284.73 million in 2022, is
projected to expand significantly and reach an
estimated market size of 165096.73 million by
2030.