Rely on our Market Intelligence platform to get the latest trends on the Water Industry and anticipate the future of the sector.
In its broadest sense, the global water and wastewater market totals more than $600 billion annually, a massive figure that comprises both capital and operating expenditures for the treatment and transportation of water by municipal, industrial, commercial, and residential users.
Agriculture is the leading user of fresh water worldwide, accounting for 70% of global and 24% of European water consumption.
As global food demand is predicted to double by 2050, it is estimated that global agricultural water demand will increase by 19%, of which 5% is water withdrawal.
Both water demand and the ensuing gap between water supply and water demand are growing due to population growth, higher living standards, climate change and the need to expand irrigated agriculture and industrial activities, leading to a potential decrease in fresh water availability.
Globally, the energy sector is responsible for 10 percent of global water withdrawal (excluding hydropower), mainly from the operation of thermal power plants that require large quantities of water, which will increase as energy demand rises.
Indeed, the amount of water intake for energy generation will increase by over 20%, and the level of water consumption for this use is expected to grow by 85% until 2035.
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