INDUSTRY INSIGHTS

About 2 billion people worldwide lack access to safe drinking water and roughly two thirds of the world’s population experience severe water scarcity for at least part of the year. Water scarcity occurs when the demand for water surpasses the available supply, leading to various problems like water crisis, water shortage, water deficit, or water stress.

Inadequate Water Infrastructure

Loss related to water insecurity cost the US an estimated $470 billion per year.

Insufficient or poor maintained water infrastructure, such as dams, reservoirs and distribution systems, lead to water losses.

Climate Change

The change of climate and precipitation pattern, also affects the availability of the freshwater resources in any region.

Pollution

Pollution from untreated human wastewater, industrial waste, agricultural runoff can contaminate water sources, and is unsuitable for human consumption and agriculture use.

Population Growth

41% of the world’s population lives in river basins that are under water stress, this puts additional pressure on already limited water supplies.

Agriculture

Agriculture is the largest consumer of freshwater globally, accounting for about 70% of the total freshwater withdrawals.

However, it is concerning that a significant portion of this water is wasted due to inefficient irrigation systems.