Bluefield forecasts that annual water spend (i.e., CAPEX and OPEX) across 16 verticals in the U.S. & Canada will grow from US$48 billion to US$62 billion by 2030. As such, cumulative water expenditure over the forecast period (2024–2030) will top US$388 billion. Greenfield investments in emerging technology sectors, including data centers and semiconductor manufacturing, are driving new growth. However, the water-intensive oil & gas sector (i.e., hydraulic fracturing) underpins the lion’s share of the spend.
Bluefield’s team of water experts tracks the emerging trends and strategies influencing industrial water management. The market landscape is changing, from corporate sustainability strategies to emerging industry trends influencing water management. This quarterly analysis includes a brief overview of recent events and factors impacting companies across the value chain.
In this Quarterly Review:
- U.S. & Canada industrial water market outlook is strong, influenced by high tech
- High-tech sectors, including data centers and semiconductor facilities, draw increasing attention from water vendors
- Recent water sector M&A activity highlights a rebound in deal flow
- EU energy price spike could cascade through industry verticals
