Market trends

Smart Water business intelligence week 24/10/2022

Market

The U.S. Agency for International Development (USAID), in conjunction with the Department of State, launched the U.S. Global Water Strategy 2022-2027. The strategy will help guide the U.S. government’s efforts over the next five years to advance health, prosperity, stability, and resiliency through better water resource management and increased access to safe drinking water, sanitation and hygiene:

USAID launches new plan under U.S. Global water strategy

Technology

According to The Business Research Company, the size of the global water and wastewater market is expected to grow from $578.41 billion in 2021 to $631.08 billion this year, making the industry a prime target for cybercriminals. As more cybercriminals seek to exploit new vulnerabilities in the convergence of IT and operational (OT) technologies, securing their networks is crucial for security teams for critical infrastructure resiliency and performance:

Securing the water supply: protecting citizens and systems from cyber threats

Regulation

In Guadeloupe, storm Fiona – which hit on the night of September 16 to 17 – worsened the water crisis. Visiting the island after these events, the Minister of Overseas Jean-François Carenco announced that his chief of staff was going to settle there for a week to restore the joint syndicate in charge of this crucial file. A trusteeship which is accompanied by the launch of a double mission, financial audit and technical expertise:

Guadeloupe : Le syndicat de l’eau placé sous tutelle

Financing

The Saudi Ministry of Environment, Water and Agriculture has just launched 15 water and environment related projects worth SR1.9 billion ($503 million) in the northern border region:

Saudi Arabia spends $503m on water projects in Northern Borders region

Smart Water business intelligence