PUBLISHER: Inkwood Research | PRODUCT CODE: 1260733
PUBLISHER: Inkwood Research | PRODUCT CODE: 1260733
The Europe water infrastructure and repair technology market is expected to progress with a CAGR of 6.47% over the forecast period of 2023 to 2032. Key factors such as international players' expansion across Western European nations, continuous research linked to the development of water technologies, as well as the construction of new water treatment plants and the renovation of existing plants are primarily associated with the market growth of the region.
The Europe water infrastructure and repair technology market growth study covers the evaluation of France, Italy, Poland, Spain, Germany, the United Kingdom, the Netherlands, and Rest of Europe. As per the World Economic Forum, France was the tenth-largest economy globally in 2020. Although the COVID-19 pandemic hindered the country's financial growth, the OECD estimated that France's economic recovery rebounded by 5.8% by the end of 2021.
In France, residential zones with over 2,000 inhabitants are required to have a municipal wastewater treatment plant. Accordingly, numerous villages in the country have small municipal plants representing village centers with private systems serving residences out of town. However, in case a village lacks sufficient funds to establish a municipal wastewater treatment plant, its residents are obligated to have personal wastewater treatment systems. This factor, in turn, has resulted in the nation having around 5 million personal wastewater treatment systems, thus augmenting the demand for water infrastructure and repair technologies. Hence, these drivers are set to influence the market growth in Europe during the forecast period.
Some of the eminent players in the market are: Veolia Group, Suez Environment Company, Picote OY Ltd, etc.