Water Utility Services Market, By Type, By Application, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
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Water Utility Services Market size was valued at USD 69,655 Million in 2023, expanding at a CAGR of 3.5% from 2024 to 2032.
The firms, enterprises, or entities that supply water and offer wastewater treatment facilities to homes, businesses, and industrial units are referred to as the water utility services industry. In addition, it involves gathering stormwater and wastewater for treatment, treating it, and selling portable water.
Water Utility Services Market- Market Dynamics
Increasing population and urbanization to propel market demand
The rising population and rapid urbanization are projected to fuel growth in the global market for water utility services. The water demand is predicted to increase in tandem with the global population growth. In addition, as cities become increasingly urbanized, water utility service providers will likely face increased demand to supply more water to the expanding number of customers. This is anticipated to propel market expansion as water supply companies search for ways to satisfy the population's rapidly increasing demand. Additionally, the increasing pace of industrialization, particularly in industries that use water extensively, such as manufacturing and textiles, among many other industries, maybe the primary driver of industry expansion. Since water is a need for life, service providers are expected to increase their investments in systems and technologies that will enable them to satisfy demand.
Water Utility Services Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 3.5% over the forecast period (2024-2032)
Based on type segmentation, the Integrated Water System segment is expected to dominate the market during the forecast period
Based on application segmentation, the Industrial category is expected to hold a prominent market share during the forecast period
Based on region, North America is expected to dominate the market over the forecast period
Water Utility Services Market- Segmentation Analysis:
The Global Water Utility Services Market is segmented based on Type, Application, and Region.
Based on the type, the Water Utility Services market is divided into Single Function Water Systems and Integrated Water Systems. The Integrated Water System segment is expected to dominate the market during the forecast period. One of the integrated systems is a centralized system that handles the treatment and consumer distribution of water. Usually, a vast network of pipelines, pumps, and treatment facilities is used to accomplish this. Commercial, industrial, and residential buildings are recognized to get an uninterrupted and uncontaminated supply of drinking water from the integrated water system.
Based on the application, the Water Utility Services industry is categorized into Commercial, Residential and Industrial. The Industrial category is expected to hold a prominent market share during the forecast period due to rapid industrialization in developing nations.
Water Utility Services Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. North America is expected to dominate the market during the forecast period. Because of the well-established, well-thought-out network and efficient water utility services, these areas have some of the most efficient water management systems in the world. Additionally, there is a strong focus on recycling wastewater for future use and governments and the general public take proactive measures to ensure reduced water waste. The government's strict rules regarding wastewater treatment for industrial facilities benefit the local market.
Water Utility Services Market- Competitive Landscape:
The key players operating in the market are: United Utilities Group PLC, Suez SA, American Water Works Company Inc., Aqua America Inc., Veolia Environment SA, Severn Trent PLC, Thames Water Utilities Limited, Yorkshire Water Services Limited, Anglian Water Services Limited, Scottish Water, Southern Water Services Limited, South West Water Limited, Northumbrian Water Limited, BHP Billiton Limited, Wessex Water Services Limited, Welsh Water and Rio Tinto Group among others.
Recent Developments:
In August 2022, the municipality of Oro Valley, Arizona's water utility service provider unveiled a brand-new, effective customer support site with invoicing systems. Customers of Water and Stormwater Utility will be able to pay their bills online and have more control over account management because of the new software.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL WATER UTILITY SERVICES MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
United Utilities Group PLC
Suez SA
American Water Works Company Inc.
Aqua America Inc.
Veolia Environment SA
Severn Trent PLC
Thames Water Utilities Limited
Yorkshire Water Services Limited
Anglian Water Services Limited
Scottish Water
Southern Water Services Limited
South West Water Limited
Northumbrian Water Limited
BHP Billiton Limited
Wessex Water Services Limited
Welsh Water
Rio Tinto Group
GLOBAL WATER UTILITY SERVICES MARKET, BY TYPE- MARKET ANALYSIS, 2019 - 2032
Single Function Water System
Integrated Water System
GLOBAL WATER UTILITY SERVICES MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032
Commercial
Residential
Industrial
GLOBAL WATER UTILITY SERVICES MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA
Table of Contents
1. Water Utility Services Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Water Utility Services Market Snippet by Type
2.1.2. Water Utility Services Market Snippet by Application
2.1.3. Water Utility Services Market Snippet by Country
2.1.4. Water Utility Services Market Snippet by Region
2.2. Competitive Insights
3. Water Utility Services Key Market Trends
3.1. Water Utility Services Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Water Utility Services Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Water Utility Services Market Opportunities
3.4. Water Utility Services Market Future Trends
4. Water Utility Services Industry Study
4.1. PEST Analysis
4.2. Porter's Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Water Utility Services Market: COVID-19 Impact Analysis
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. Water Utility Services Market Landscape
6.1. Water Utility Services Market Share Analysis, 2023
6.2. Breakdown Data, by Key Manufacturer
6.2.1. Established Players' Analysis
6.2.2. Emerging Players' Analysis
7. Water Utility Services Market - By Type
7.1. Overview
7.1.1. Segment Share Analysis, By Type, 2023 & 2032 (%)
7.1.2. Single Function Water System
7.1.3. Integrated Water System
8. Water Utility Services Market - By Application
8.1. Overview
8.1.1. Segment Share Analysis, By Application, 2023 & 2032 (%)
8.1.2. Commercial
8.1.3. Residential
8.1.4. Industrial
9. Water Utility Services Market- By Geography
9.1. Introduction
9.1.1. Segment Share Analysis, By Geography, 2023 & 2032 (%)
9.2. North America
9.2.1. Overview
9.2.2. Water Utility Services Key Manufacturers in North America
9.2.3. North America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
9.2.4. North America Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.2.5. North America Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)