CENTRAL & EASTERN EUROPE: Water market to rise more than 50% by 2006
A report on the future of the water and wastewater treatment markets in Central and Eastern Europe has concluded that despite governments' limited budgets, the markets will grow by more than 50% in six years.
The study, undertaken by Frost & Sullivan, predicts that the market size will increase from euros 4.16 billion ($4.04 billion) in 1999 to euros 6.41 billion ($6.23 billion) by 2006.
“Despite the restrictive budgets for environmental spending, the emerging nature of the economies of most of the countries in the area, combined with their heavy investment requirements as far as water and wastewater infrastructure is concerned, transform this sector into an increasingly appealing, growing and competitive industry,” states the report.
Figures for 1999 show that primary wastewater treatment equipment accounted for the majority of revenues, followed by water treatment and secondary wastewater treatment. Tertiary wastewater treatment remains a tiny part of the market.
Frost & Sullivan points out that it is Central and Eastern European countries’ hopes of acceding to the EU that is the primary driver behind water and wastewater treatment expansion in the region. Poland, Hungary and the Czech republic are identified as the largest markets.
Frost & Sullivan’s report is published next month.
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