With water becoming a scarce commodity, the aging U.S. water infrastructure is a cause for much concern. Although government spending in this sector is substantial, the infrastructure requires urgent restoration for compliance with updated water safety standards. What remains is a gap between budgeted and required investments. Remedial action on this front will give water equipment companies the necessary impetus to grow at a faster rate.
A new analysis from Frost & Sullivan (www.frost.com), “U.S. Municipal Water Equipment Market: Investment Analysis and Growth Opportunities,” reveals that revenue in this market (excluding the pipes and fittings sector) totaled $4.09 billion in 2004 and projects to reach $5.22 billion by 2011.