Population growth and urbanization are trends impacting the levels and degree of pollution of water bodies across the globe. Paired with industries’ key priorities of sustainable development and climate resilience, the global push for water-efficient technologies and practices is apparent.
Water is increasingly considered a scarce and limited resource in need of protection, with elevated costs in some areas. This novel concept of water supports technological advances that strive to promote efficient use and policies that compel businesses and people to reduce their water consumption and control waste and pollution. As such, the residential, commercial, and institutional water solutions market is undergoing transformation that will revolutionize water use and consumption.
The transition toward circular and smart water solutions needs to be accompanied by alternative business models and incentives that can ease companies into this new market landscape, facilitating investment and adoption to address water scarcity, regulations, and cost pressures. This market diversification seeks to provide customers with sustainable alternatives that are also cost-efficient.
The 10 growth opportunities:
- Sustainability-driven Personalized Hydration Unlocking New Opportunities in Consumer Engagement
- Sustainable Water Solutions Supporting Eco-friendly Hospitality and Cost Savings
- Decentralized Circular Water Systems Reshaping Sustainability and Cost Efficiency
- Smart Pool Technologies Enhancing Efficiency and Water Quality
- Rental Water Purifiers Expanding Access Through Alternative Business Models
- Affordable Water Filtration Solutions Addressing Universal Accessibility
- Salt-free Water Softeners Improving Aesthetic and Functional Water Quality
- Digital Innovation Transforming Water Management and Efficiency
- Atmospheric Water Generation Unlocking a New Source of Sustainable Hydration
- Point of Use Closed-loop Water Solutions Revolutionizing Conservation and Reuse
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