BOULDER, Colo., July 16, 2024 ~ A new report from Guidehouse Insights has shed light on the growing market for water efficient building technologies in commercial and industrial (C&I) buildings. As climate change continues to intensify water scarcity and developing regions see an increase in demand for water, the need for water conservation is becoming increasingly important.

According to the report, global revenue from water efficient technologies in C&I buildings is expected to reach $15.6 billion by 2033, with a compound annual growth rate (CAGR) of 6.5%. This is a significant increase from the estimated $8.9 billion in revenue in 2024.

Wendy Davis, principal research analyst with Guidehouse Insights, explains that these technologies play a crucial role in reducing the amount of water used for specific tasks and minimizing water waste. This not only eases demands on municipal water utilities and wastewater treatment facilities but also has numerous benefits for building owners.

"Water efficient fixtures, appliances, and other technologies can help reduce charges for water supply and wastewater treatment, increase a building's resilience to water scarcity, contribute to an organization's sustainability goals, and even mitigate the risk of water damage," says Davis.

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The report highlights that product standards such as regulations, product labels, and certification programs are driving the adoption of these technologies. Additionally, government and private sector sustainability goals as well as voluntary building certification programs are also contributing to market growth.

However, there are still some barriers limiting the growth of this market. These include underpricing of water, concerns about human health and sanitation, unintended consequences of increased efficiency, negative perceptions about product performance, and long product replacement cycles.

The report titled "Water Efficiency" analyzes five key technologies: faucets and taps, toilets and urinals, showerheads, leak detection systems, and irrigation controllers. It also provides revenue analyses through 2033 segmented by technology type, global region (North America, Europe Asia Pacific, Latin America, Middle East & Africa), and C&I building type (office, retail, education, healthcare, hotels and restaurants, institutional/assembly, warehouse, transport, industrial).

In light of the findings, the report offers recommendations to industry stakeholders for further growth in this market. An executive summary of the report is available for free download on the Guidehouse Insights website. With water conservation becoming increasingly important in the face of climate change and growing demand for water, it is crucial for businesses and organizations to invest in these technologies to not only save costs but also contribute to a more sustainable future.

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