Growth Strategies will Focus on Adapting to Climate Change, Updating Infrastructure, and Dealing with Emerging Pollutants
This research study discusses the impact of the pandemic on the water and wastewater industry in the United States and Canada, examining the measures being taken by utilities to deal with the same. It identifies the key trends emerging in the industry and the top utilities to watch out for.
The COVID-19 pandemic highlighted the importance of having up-to-date water and wastewater systems and infrastructures that can provide agile responses. Municipalities and industries across North America have begun adopting net-zero, decarbonization, and circularity goals to become sustainable, resilient, and future ready.
Different government financing sources will boost these markets with funds to update the aging infrastructure of utilities, replace old lead pipes, improve the availability of drinking water, and address contamination by PFAS and other emerging pollutants. Adapting to the effects of climate change will be the focus in regions where droughts are becoming more frequent, with the reuse of treated water being a key strategy.
The incorporation of digital solutions has become an essential step to ensuring sustainability. With the increased democratization of digital technology, solutions that offer IoT, AI-based data analysis, and smart online and remote sensors for real-time monitoring are reaching small and medium-sized utilities and will be key factors in the performance of the water and wastewater industry in the coming years.
The key end-user markets considered in this study are:
- Municipal water market
- Industrial water market
The study concludes by highlighting the growth opportunities that water companies and other market stakeholders can leverage.
