Industry Analysis & Industry Trends
Demand for water has remained high, as droughts and other dry weather conditions created a need for it. Nevertheless, during the recession, private firms stepped in to acquire struggling operators and expanded their stake in the industry by upgrading aging assets for a profit. In the next five years, mergers and aquisitions will remain a major component of the industry. Firms that buy struggling companies will invest in making water supply assets more efficient, which will likely lead to further rate increases and higher revenue for the industry... purchase to read more
Industry Report - Industry Analysis Chapter
Revenue for the Water Supply and Irrigation Systems industry is expected to climb at an average rate of 2.1% annually to $6.6 billion over the five years to 2014. Higher water sales volumes and rate increases have led to revenue growth, as droughts and drier weather conditions led to higher demand.
Canada's water rates have increased aggressively over the past five years. According to Environment Canada's 2011 Municipal Water Pricing Report, at a consumption level of 25 cubic meters per month (the average consumption of a three-person household), rates rose 24.4% from 2006 to 2009, from $42.91 to $53.39. Furthermore, average rates rose more sharply at higher levels of consumption. Industry revenue has grown alongside these rate increases... purchase to read more