SANTA CLARA, Calif., March 22, 2021 /PRNewswire/ -- The COVID-19 pandemic has significantly affected the water sector. Operational resilience and economic sustainability have become key focal points of investments. The lockdowns across the globe have severely disrupted supply chains and labor availability for production; both factors have significantly hit the growth of the water market across the globe. As we celebrate World Water Day, Frost & Sullivan experts raise awareness on the global water crisis and share insights on how each region is leading the charge towards water and sanitation for all by 2030. The global water and wastewater market is expected to bounce back to pre-pandemic levels by 2021 on the back of favorable policies that would enable fresh investments which would be aimed at adopting solutions that can improve resilience, sustainability, and circular economy.
For further information on this analysis, Digitalization Powering the Global Water Market, 2020, please visit: http://frost.ly/573
"Amongst the many segments in the global water market, the municipal water and wastewater market projects as the sector with the highest social value as it has a direct impact on everyone, cutting across socio-economic backgrounds," said Paul Hudson, Energy & Environment Industry Analyst at Frost & Sullivan. "They are being considered crucial as there is a growing need to re-strategize in order to ensure sustainability and resilience. Implementation of smart solutions for system optimization is set to surge as the pandemic has exposed a chink in the armor that needs to be rectified."
Frost & Sullivan's key findings across regions in the municipal water and wastewater market include:
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