The water industry is the backbone of every lifeline on earth. Starting from the services of drinking water to waste-water services, this industry caters to all the sectors of the economy be it residential, commercial or industrial. However, it is important to remember that bottled water belongs to an entirely different category of beverages belonging to the food sector of a country.
Opportunities and Scope of the industry
The scarcity of freshwater for regular use has been pushing all sectors to treat waste water for recycling which has increased the focus on the role of waste water management. It includes the removal of suspended solids, oxidation and disinfection of the water. The water market can grow by leaps and bounds through the spending on the technological advancements and equipment required for the procedure.
In the recent past, there has been a proposition of outsourcing for those involved in the industry of smart water solutions. Irrespective of the fact of whether a country is developed or not, the growth of the water services market has always been promising. No matter the levels of technological advancement and changed in the environment, there will always be a demand for water and water treatment related equipment. Recently, the private sector has also been pitching in with their water industry services leading to the creation of water service companies.
The Global Water Market
The growing demand for water has been led by the Asia-Pacific region due to the surge in manufacturing and construction activities in the countries. The effect of countries encouraging urbanization has also put a stress on water resources. There is a need to dedicate resources towards waste water treatment processing which has added to the region’s demand for water.
Meanwhile, the western regions have always had a constant demand for bottled water along with a rising use of water in the utilities sector. The African regions deal with a water supply of a bad quality unsuitable for consumption. Thus, there is a huge scope for the development of water industry services in these regions.
Water is one of Earth’s most precious resources which has to be used sustainably to last our future generations. As the saying goes “water, water everywhere, but not a drop to drink” stays true as only about 1% of all the water in the world is suitable for human consumption. This brings us to the fact that due to the recklessness of humans, we are posing a danger to our water resources. This is evident from studies which show that the earth shall run out of drinking water resources by 2030 if we do not take any action. Similarly, a lot of countries in the world are facing major water scarcity leading to deaths. Being the future of our country, It is important that we conserve water today, for a better tomorrow!