Zion Market Research Global Water Market, 2016–2024 | Page 3

Water Market
Water Market by Segmentation: The global water market can be segmented based on its
end-use and regions. On the basis of end-use, the global market is categorized into
residential, commercial, agricultural, and industrial sectors. Further, the residential segment
is sub-segmented into indoor and outdoor purposes. Based on the regions, the global water
market is classified into Asia Pacific, Europe, North America, Latin America, and the Middle
East and Africa.
Water Market by Growth Factors: The main reason for the global water market to grow is
urbanization and industrialization. Developing countries are main regions where the market
is growing owing to the above mentioned reasons. The rapid increase in population and
growth in economy are factors boosting the water market growth. The requirement of fresh
water has increased the necessity for using the available water carefully. Not only
developing countries are contributing to the market growth but developed nations have also
added their share. Smart water solutions have gained importance in the recent years owing
to water scarcity, leak detection, and network efficiency. In the countries where agriculture is
still the main occupation, the demand for the water market is high in these regions. The
commercial sectors such as hospital, hotels, and others are the end-users driving the global
water market growth.
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Water Market by Regional Analysis: Asia Pacific dominates the global water market
mainly owing to the growth in the manufacturing and construction industries, which in turn