NAICS 22131 - Water Supply and Irrigation Systems
NAICS 22131 - WATER SUPPLY AND IRRIGATION SYSTEMS
View full description Collapse full description
This industry comprises establishments primarily engaged in operating water treatment plants and/or operating water supply systems.
The water supply system may include pumping stations, aqueducts, and/or distribution mains.
The water may be used for drinking, irrigation, or other uses.
Explore the industry hierarchy
Drill down to explore more specific industries.
Industry trends
The Water Supply and Irrigation Systems industry (NAICS 22131) is currently experiencing several notable qualitative trends. One significant trend is the increasing focus on sustainability and the efficient use of water resources. As climate change affects water availability, there is a growing emphasis on adopting technologies that minimize water loss and improve the efficiency of water distribution systems. Smart water management systems, which utilize IoT devices and advanced analytics, are becoming more prevalent.
Another trend is the rising public and regulatory pressure to ensure water quality. There's a heightened emphasis on monitoring and controlling contaminants, as well as replacing aging infrastructure to prevent lead contamination and other public health risks. Investments in water infrastructure are expected to rise, influenced by both government funding and private sector involvement.
Forecasts for the near future indicate that the industry will see continued integration of renewable energy sources, such as solar and wind, to power water supply systems. This is part of a broader move towards reducing the carbon footprint of water utilities. Additionally, there is likely to be more collaboration between different stakeholders, including municipalities, private enterprises, and technology providers, to develop integrated water management solutions.
Overall, the sector is poised for growth driven by technological advancements, regulatory requirements, and a robust focus on sustainability and resilience against environmental challenges.
- Investment in renewable energy and grid modernization continues to accelerate.
- Regulatory changes and sustainability initiatives are shaping long-term growth.
- Operational efficiency and technology adoption are key focus areas.
Get the Full Industry Report
In-depth analysis, 50+ financial ratios, 4-year trends, and industry forecasts.