Sewage Treatment Facilities in Canada Industry Market Research Report from IBISWorld Has Been Updated
Although the industry is dominated by the public sector, partnerships between municipal governments and private companies have become increasingly common over the past five years. For this reason, industry research firm IBISWorld has updated a report on the Sewage Treatment Facilities industry in its growing industry report collection.
New York, NY (PRWEB) April 22, 2014
The Sewage Treatment Facilities industry includes facilities that collect, treat and dispose of wastewater generated by homes, businesses and industrial clients. Operators also collect and treat storm water runoff. Over the five years to 2014, revenue for the industry is estimated to grow at an annualized rate, including projected growth in 2014.
The industry garners the vast majority of its funding from municipalities, a factor that minimizes revenue volatility for the industry. These municipal services are funded through water rates, property taxes, development charges and government contributions. As a result, industry revenue has grown consistently over the past decade. The majority of the Canadian population is covered by municipal wastewater systems, according to the latest information from Environment Canada. In 2009 (latest data available), the majority of the Canadian population was covered by municipal wastewater systems, while a percentage had private septic systems and had no treatment.
Although the industry is dominated by the public sector, partnerships between municipal governments and private companies have become increasingly common over the past five years. Under these partnerships, according to IBISWorld Industry Analyst Antal Neville, “municipal governments typically retain ownership of the facilities, but private companies are contracted to design, build, finance and operate the facilities.” These partnerships have become more frequent, largely due to the significant capital investment necessary for establishing, maintaining and updating wastewater facilities. “The majority of these projects cost a significant amount to finance,” says Neville.
The Sewage Treatment Facilities industry has a low level of market share concentration. Furthermore, new Wastewater Systems Effluent Regulations enacted by the federal government in 2012 will come into force in 2015, injecting an estimated amount in sewer infrastructure investment over 30 years. In the initial 2009 proposal, the Canadian Council of Ministers of the Environment estimated about half this investment will come in the first 10 years; consequently, this investment is expected to benefit the industry in the five years to 2019. Because of the large capital needs, public and private partnerships will continue to become increasingly common in the Sewage Treatment Facilities industry over the next five years. IBISWorld therefore projects industry revenue will also continue its upward trend, rising at an annualized rate by 2019.
For more information, visit IBISWorld’s Sewage Treatment Facilities in Canada industry report page.
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IBISWorld industry Report Key Topics
The Sewage Treatment Facilities industry operates sewage systems or wastewater treatment facilities that collect, treat and dispose of waste. Waste includes wastewater from homes, businesses and industrial clients as well as storm water runoff. The industry includes both public- and private-sector operators.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US and Canadian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
For the original version on PRWeb visit: http://www.prweb.com/releases/2014/04/prweb11782373.htm