Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 23.14 Billion | USD 50.26 Billion | CAGR at 9.12% | 2023 |
The value of the global water trading market was USD 23.14 billion in 2023, and Zion Market Research projects that it will increase to USD 50.26 billion by the end of 2032. The market is expected to grow with a CAGR of 9.12% during the forecast period.
A voluntary transfer of a certain amount of water between the seller and buyer to satisfy the demands of the buyer is known as water trading. Water trading is a solution for end-users such as industries, agriculture, urban, and so on. The allocation of water is according to the demand from end-users, and equivalent prices are charged. According to a Forbes study, a number of projects have carried out over 100 transactions totaling more than US$ 10 trillion in the water trading market. The noticeable projects in the water trading market include Water Quality Trading, Dar es Salaam, Saltillo, Payments for Watershed Services, and Herediam.
The sub-segments of the global water trading market include, flow restoration projects and water mitigation
According to the regions the water trading market is segmented into, Asia-Pacific, Europe, North America, and Rest of the World.
The growth of the global water trading market is due to the high demand of clean water. Water management has become a big problem owing to the increase in population and economic development across the globe. Hence, there is a shortage in the supply of fresh, clean, and healthy water. Additionally, there has been an increase in the mortality rate owing to waterborne diseases and a lack of capital to find a solution for this problem. These reasons have raised the global demand for the water trading market. The global water trading market is expanding in regions where there is ample fresh and clean water supply along with huge capital.
Such regions are making huge profits in water trading by exporting water to other nations. The major restraint to market growth is the transportation cost involved in transporting the water to the buyer, along with the high cost involved in the infrastructure. Other barriers involve water rights, legal constraints, and social and political barriers.
Report Attributes | Report Details |
---|---|
Report Name | Water Trading Market Research Report |
Market Size in 2023 | USD 23.14 Billion |
Market Forecast in 2032 | USD 50.26 Billion |
Growth Rate | CAGR of 9.12% |
Number of Pages | 201 |
Key Companies Covered | Calgon Carbon, Aqua America, Murray Irrigation, Integra Water Services, California Water, Severn Trent, and Ameron. |
Segments Covered | By Region |
Regions Covered | Latin America, North America, Asia Pacific, Europe, The Middle East, And Africa |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Customized purchase options are available to meet your exact research needs. Request For Customization |
Water trading is an international business and is mainly conducted in developed regions. The leading countries in the global water trading market include Chile, the United States, Australia, and the United Kingdom. Canada has the largest freshwater reserves. There was a legal agreement between Turkey and Israel to purchase 1.75 Billion cubic feet of water for 20 years from Turkey. This was one of the greatest examples of an easy method for water transportation that used large plastic bubbles to bring water to storage facilities. Moreover, the UN General Assembly has declared that access to clean water is a human right for every individual. Thus, water trading market is anticipated to grow in the future.
Some of the market players in the water trading industry are
The Global Water Trading Market is segmented as follows:
By Sub-Segments
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