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Market value of Water Management in United Kingdom (2017 - 2025, USD Millions)

Industry: Environment & Waste Management
Current: Market Sizing & Shares

The Market value of Water Management in United Kingdom reached USD 33,104.18 Millions in 2020
The indicator recorded a historical growth (CAGR) of ...
GlobalData projects the indicator to grow ...

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Market value of Water Management in United Kingdom (2017 - 2025, USD Millions)

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Water is one of the most important environmental, social, and governance (ESG) issues for institutional investors throughout the world. Most countries are exerting tremendous strain on existing water resources. The world's population is rapidly increasing, and projections predict that the world will face a huge gap between expected demand and water supply by 2030. Climate change will compound the problem by disrupting hydrological cycles, making water more erratic, and increasing the severity of floods and droughts. Water Insecurity is a major factor in global conflicts, and water contamination and scarcity represent long-term economic concerns for both developing and developed countries.

Water Management involves a variety of actions such as effective planning, efficient distribution, and optimal utilization of water resources to meet present and future demands. It applies to all water that is collected, treated, and distributed to agricultural, industrial, and residential end-users.

The Water Management market in the UK was valued at $34,388.1 million in 2021, with a market volume of 15,980.4 million cubic meters. The market recorded a compounded annual growth rate (CAGR) of 4.3% between 2017 and 2021 in terms of value, while the underlying market volume grew at a CAGR of 1.5% between 2017 and 2021. 

A world-class regulatory framework supports the UK water industry. As a result, the industry has become more efficient and innovative, allowing it to function at the greatest standards of environmental protection, quality control, and customer protection. However, the UK faces various serious water issues. Climate change will lead to increasingly unreliable weather patterns, floods, and droughts. This calls into question the reliability of traditional water sources like groundwater or reservoirs. Climate change may also force the UK to produce more food as other parts of the world become less suited for agriculture, resulting in higher irrigation water demand in the UK. Increasing population, on the other hand, entails higher demand for public water supplies in the future.