Water Infrastructure and Repair Technology Market – Top Global Trends

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Water Infrastructure and Repair Technology Market
Top Global Trends
Water infrastructure and repair technologies
(WIRT) are primarily used in applications such as
resource management, water delivery, flood
protection, and others. These largely include
assessment, replacement, repair, and
rehabilitation solutions that ensure the
effective functioning of water infrastructure
systems. As per Inkwood Research, the global
water infrastructure and repair technology market
is projected to grow with a CAGR of 6.56 during
the forecasted years of 2023 to 2032. Moreover,
the market is expected to garner a revenue share
of 185.823 billion by 2032. According to a
report by UNUs Canadian-based Institute for
Water, Environment and Health, titled, Ageing
Water Infrastructure An Emerging Global Risk,
the majority of the 58,700 large dams across the
world were constructed between 1930 to 1970. With
a designated life of 50 to 100 years, a large
concrete dam will likely begin expressing signs
of aging at 50 years. Since the water
infrastructure globally is aging and continually
requires renovation and repairs, electricity,
gas, and water companies are focused on
solution-oriented technologies. This is due to
the significant expenses associated with the
restoration and replacement of water networks
as per Inkwood Research, replacement is set to be
the dominating category by 2032. As utilities
seek cost-effective ways to maintain their pipe
networks, an article by WaterWorld suggests that
the most lucrative solutions will emerge from
technologies that can monitor the entire water
infrastructure while enabling targeted
rehabilitation.
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• Water Infrastructure and Repair Technology Key
  Market Trends
• One of the leading objectives of incorporating
  water treatment is to minimize utility costs
  while making water available for the captive
  production of electricity. In addition, water
  treatment equipment and plants are being
  installed across major oil gas refining
  economies, mainly in Asia- Pacific and the Middle
  East.
• Furthermore, strong demand from refineries has
  also been one of the major factors augmenting the
  water treatment industry over recent years, and
  this trend is anticipated to continue over the
  forecast period. On that note, lets explore some
  of the prominent trends in the global water
  infrastructure and repair technology market
• Depleting Water Ecosystems
• According to the Food and Agriculture
  Organization (FAO), freshwater withdrawals in 49
  out of 185 countries that provide withdrawal data
  exceed the global sustainability threshold.
  Moreover, in a report published by NASA, the
  world is depleting its groundwater at a faster
  rate than was previously documented. In the
  article, NASAs leading hydrologist James
  Famiglietti stated that the majority of the
  aquifers in dryer regions are experiencing rapid
  rates of groundwater depletion, with the largest
  aquifers being abstracted at a much greater rate
  than can be naturally replenished.
• Furthermore, in Europe, 60 of cities with more
  than 100,000 people utilize groundwater sources
  faster than they can be replenished. The Murray
  Darling Basin River that provides water for many
  communities in South Australia, New South Wales,
  and Victoria also requires protection however,
  developing a sustainable plan for the water has
  been challenging. Hence, with the reduction in
  available freshwater, the need to save natural
  resources and promote WIRT schemes is highly
  essential.
• Global Population Shift Government Initiatives
  
• Several social scientists regarded the
  urbanization of the global population as one of
  the most integral contemporary demographic trends
  since it presents a pivotal shift in how humans
  utilize the environment. Moreover, in 2007, the
  urban population outnumbered the rural, for the
  first time, with nearly two-thirds of the world
  population expected to be living in urban regions
  by 2050.
• However, rapid urbanization is also followed by
  arduous challenges. For example, several urban
  areas, especially in lower-income nations, face
  challenges like decreased access to fresh water
  supplies, a rise in sewage as well as sanitation
  issues, and a subsequent plummet in public
  health.
• As a result, governments are investing in the
  avenue of infrastructural improvements in order
  to meet the rising demand for water and help
  alleviate these challenges. Aligning with this
• In April 2021, the Environmental Protection
  Agency (EPA) announced 6.5 billion in funding
  for water infrastructure projects, including
  prioritizing areas of aging infrastructure as
  well as addressing emerging contaminants.
• The Federal Water Policy, the first of its kind
  in Canada, was formulated following several years
  of intensive consultation, both within as well as
  outside the government. The policy addresses the
  management of water resources, balancing water
  usage with the various demands of the ecosystem.
• The National Water Policy, formulated by the
  Ministry of Water Resources of the Government of
  India, governs the planning and development of
  water resources within the

country, in addition to their optimum utilization.
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• In 2022, a new investment was announced to help
  increase access to sewage collection services and
  improve water quality in the state of São Paulo,
  Brazil. While boosting the water sectors
  competitiveness, the investment would also help
  promote inclusive growth in Brazil.
• The Thirteenth Five Year Plan (2016) in China
  established specific goals for water consumption
  as well as water quality. The Plan also aims to
  reduce water consumption, upgrade urban sewage
  facilities, and increase rates of wastewater
  treatment. Moreover, the wastewater segment,
  under the end-user category, is anticipated to
  grow with the highest CAGR during the forecast
  period (Source Inkwood Research).
• Hence, government initiatives aimed at improving
  water infrastructure and the development of water
  resources are expected to play an important role
  in the establishment of utilities for water
  management. This factor, in turn, is set to
  upscale the requirements for water infrastructure
  and repair technologies in the near future.
• Metering for Sustainability How Automated Meter
  Reading (AMR) Revolutionized the WIRT Space
• Automated meter reading (AMR) technology
  automatically gathers diagnostic and consumption
  status and data from water meters without the
  need for manual reading. Additionally, it helps
  increase the accuracy of the collected
  information, as well. Furthermore, advanced
  metering infrastructure (AMI) systems entail an
  integrated system of smart meters, communications
  networks, as well as data management systems that
  facilitate two-way communication between
  customers and utilities.
• An AMI system also provides utilities with
  real-time data about power consumption, thus
  granting them higher operational control over
  their systems. For example, in 2022, Trilliant, a
  leading international provider of solutions for
  advanced metering infrastructure (AMI), smart
  cities, smart grid, and industrial internet of
  things (IIOT), announced the successful
  implementation of a wireless water metering
  solution in Canada. Through this, the company
  confirmed its position in supporting challenging
  metering projects, predominantly where strong,
  reliable connectivity is required.
• Likewise, in February 2023, Keralas Irrigation
  and Water Resources Minister announced its plans
  to install an automatic meter reading system in
  the Kerala Water Authority (KWA) in a phased
  method. The plan was rolled out in response to
  the KWAs loss of revenue due to water leakage
  and pipe breaks within the states water
  infrastructure. As a result, such innovations and
  technological developments are expected to
  contribute to the global water infrastructure and
  repair technology market growth during the
  forecasted period.
• Frequently Asked Questions (FAQs)
• Which are the key companies operating in the
  global water infrastructure and repair technology
  market?
• A Some of the key companies operating in the
  global water infrastructure and repair technology
  market are Veolia Group, DuPont, Suez Environment
  Company, etc.
• What are some of the challenges faced by urban
  water infrastructure?
• A Some of the main challenges associated with
  urban water infrastructure include saltwater
  intrusion in coastal aquifers, declining
  groundwater table, and surface water pollution
  due to

wastewater discharge and urban stormwater runoff.