Industry Insights
Our Industry Insights provide deep-dive analyses into global water topics, including water infrastructure, industrial water management, digital solutions, and more. Reports are available for purchase (through our Report Store) or with a Corporate Subscription.
Insight Report + Data
Fair Market Value: Benchmarking a Decade of Water Utility Acquisitions
Since 2015, Bluefield has tracked 138 fair market value deals totaling over US$1.9 billion, involving more than 347,900 connections changing hands. These transactions account for 14.5% of all connections transferred in regulated utility M&A since 2015.
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U.S. Private Water: Key Trends, M&A Activity, and Market Outlook Q2 2021
The first quarter of 2021 built on the momentum of an acquisitive 2020 despite fewer approvals for the publicly traded market leaders. A review of...
14 Jun. 2021
Quarterly Review
Analysis and insights of previous quarter water market activity, trends, and events.
Digital Water: Key Trends, Project Activity, and Market Outlook, Q4 2020
After driving significant declines in project, M&A, and venture capital activity in Q2 2020, the COVID-19 pandemic had more mixed impacts on the global digital...
29 Dec. 2020
Quarterly Review
Analysis and insights of previous quarter water market activity, trends, and events.
Cal Water Jumps on the Texas Bandwagon
On 4 May 2021, California Water Service Group (Cal Water) announced the formation of a Texas subsidiary, Texas Water Service (TWSC). The San Jose-based investor-owned...
14 Jun. 2021
Research Note
Brief research summaries of market development or company strategies.
Calgon Carbon Lands Expansive Deal with American Water
On 15 January 2025, American Water Works Company announced a nine-year exclusive supply contract with Calgon Carbon Corporation. Under this agreement, Calgon will provide American...
21 Feb. 2025
Research Note
Brief research summaries of market development or company strategies.
What’s behind NextEra Water’s Retreat?
Just one year after establishing a foothold in the water and wastewater utility sector, NextEra’s leadership team has pulled the plug on its brief venture...
18 Apr. 2023
Research Note
Brief research summaries of market development or company strategies.
NextEra Signals Approaching Water-Energy Convergence
On 20 October 2021, during its third-quarter earnings call, NextEra Energy Inc.’s management team announced the acquisition of 17 regulated water and two wastewater utility...
4 Nov. 2021
Research Note
Brief research summaries of market development or company strategies.
Policy Shifts, Inflation Reduction Act Strengthen Opportunity for Renewable Natural Gas
In the wake of the Inflation Recovery Act’s passage, wastewater solutions providers are poised to benefit from the Section 48 Energy Investment Tax Credit (ITC)...
13 Sep. 2022
Research Note
Brief research summaries of market development or company strategies.
Essential and Investor-Owned Water Utilities Look Beyond the Rate Base
Essential Utilities’ commitment to the Greene County data center project, slated to come online in 2029, looks less like a strategic pivot and more like...
23 Sep. 2025
Research Note
Brief research summaries of market development or company strategies.
SouthWest Water, Corix Merger Shuffles Utility Leaderboard
On 29 August 2022, Corix Infrastructure Inc. and SouthWest Water Company announced the merger of the two companies’ water and wastewater businesses, including Corix-owned Utilities,...
14 Sep. 2022
Research Note
Brief research summaries of market development or company strategies.
Scale Is the Strategy: American, Essential Set Benchmark for Water Investor-Owned Utilities
The American–Essential merger marks a major transformation in the U.S. regulated water sector, significantly augmenting American Water’s status as the largest and most geographically diverse...
6 Nov. 2025
Research Note
Brief research summaries of market development or company strategies.