Global Water Trading Market: Overview
Water trading entails voluntary transfer of a prescribed amount of water between the buyer and the seller so that the former can satisfy his need. Water trading is a novel, provides a workable solution for all those in need for water, both in urban areas for their daily needs and in the agricultural sector for irrigation. It provides equivalent prices and water allocations with respect to the demand. A few of the important projects in the global water trading market are Payments for Watershed Services, Herediam, Dar es Salaam, Water Quality Trading, and Saltillo. The two branches of the global market for water trading are flow restoration projects and ground water mitigation.
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A report by Transparency Market Research offers important information on the global market for water trading by studying its different facets. It furnishes a detailed analysis of the growth drivers, restraints, trends, and opportunities in the market. It leverages market-leading analytical tools such as Porter’s Five Forces and SWOT analysis to understand the current competitive dynamics and segments the overall market into various groups in order to study it in-depth. The report also presents an executive-level blueprint of the global market for water trading.
Global Water Trading Market: Trends and Opportunities
It’s anybody’s guess that the primary growth driver underpinning the global market for water trading is the pressing need for clean water worldwide on account of a burgeoning population. We all need water for drinking and carrying out various daily activities. As the cliché goes – water is the most precious commodity on the planet. A proper supply of water is essential to bring about the well-being and development of any community. As a result there is massive pressure on the water trading market to create a supply chain to cater to the ever-rising demand.
A fallout of water trading is the restriction and closure of public access to clean and healthy water in various places. This has generated a lot of resentment among the public who earlier had free access to those. Critics of water trading feel that the practice of trading water will transform it from a free commodity to which everyone has access to a dollar-denominated one which is out of reach for many.
One of the factors acting as a deterrent in the global market for water trading is the significant amounts spent on infrastructure, which includes those entailed in transporting water from seller to buyer.
Besides, water rights, social and political boundaries, and legal hassles are also posing a challenge to the healthy functioning of water trading market.
Global Water Trading Market: Regional Outlook
Regional markets studied in the report are Asia Pacific, Europe, North America, and the Rest of the World. It studies in-depth the market for water trading in the countries of Australia, Chile, the U.S., and the U.K. and provides reliable predictions for the near and distant future. Currently, the market in Australia is most developed.
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Companies Mentioned in the Report
In order to assess the competition prevailing in the global market for water trading, the report studies companies such as Severn Trent, Calgon Carbon, Murray Irrigation, Integra Water Services, Aqua America, and Ameron. The report studies their marketing and operational strategies, revenues, share in the market, and prospects going forward.