Global Water Market Data

The water investment market, in numbers.

Over 2,100 public–private partnerships have been signed in water since 2005, and a forward pipeline of more than 1,400 projects is now taking shape — increasingly in wastewater reuse and desalination. The charts below replicate the market intelligence WaterHouse exists to make legible. Every figure is sourced.

Source for all data on this page: Roland Berger analysis, presented by AquaFed (International Federation of Private Water Operators), “Water PPPs — Look Back & Forward: Strategic Takeaways for Investors & Policymakers,” pre-read for the UN Water Conference, 2025.

2,101
water PPPs signed worldwide, 2005–2025
1,409
projects in the forward pipeline
~50%
of government bodies hold positive views on private participation
~60%
of government bodies prefer mixed ownership, concession or long-term management models

20-Year Look Back

2,100+ deals since 2005 — concentrated in a handful of markets

PPPs by scope

Of 2,101 deals (2005–2025), infrastructure PPPs outnumber service PPPs nearly four to one.

    Service PPP = concession, lease, affermage. Infrastructure PPP = BOT, BOO, IWPP, BTO, BTL, DBF.
    Source: Roland Berger analysis / AquaFed, 2025.

    Most active markets

    China dominates two decades of deal flow, with Brazil and the Philippines distant followers.

    Project counts, 2005–2025. China 1,381 · Brazil 142 · Philippines 84.
    Source: Roland Berger analysis / AquaFed, 2025.

    Service PPPs by country

    Of 433 service concessions, Brazil leads — driven by access needs, a clear regulatory framework, and public financing shortfalls.

    Share of 433 service PPPs (2005–2025); figures rounded. Source: Roland Berger analysis / AquaFed, 2025.

    Infrastructure PPPs beyond China

    China alone accounts for ~1,295 of 1,668 infrastructure PPPs (~78%). The chart shows how the remaining 373 distribute.

    Share of the 373 non-China infrastructure PPPs (2005–2025); figures rounded. Source: Roland Berger analysis / AquaFed, 2025.

    Look Forward

    A 1,400-project pipeline, led by wastewater reuse and desalination

    Climate stress is reshaping demand: wastewater treatment & reuse now make up 43% of planned projects, and most of the pipeline is new build rather than retrofit.

    Pipeline by scope

    Wastewater reuse and desalination together account for 62% of the 1,409 planned projects.

      Share of 1,409 planned PPPs. Wastewater Treatment & Reuse = 608 projects; Desalination = 274. Source: Roland Berger analysis / AquaFed, 2025.

      New build vs. retrofit

      Across the pipeline and within its two largest segments, greenfield new build dominates.

      Project counts. Total pipeline 1,409 (new-build 958, service 246, retrofit/expansion 205). Desalination 274. Wastewater & reuse 608. Source: Roland Berger analysis / AquaFed, 2025.

      Where desalination is growing

      The desalination pipeline (274 projects) expands well beyond the Middle East.

      Leading markets, per Roland Berger: United States, India, Saudi Arabia, Morocco, Spain, Egypt, and Australia. The great majority are new build (235) rather than retrofit or expansion (33).

      Source: Roland Berger analysis / AquaFed, 2025 (planned desalination infrastructure PPPs).

      Where wastewater & reuse is growing

      At 43% of the global pipeline (608 projects), this is the largest forward segment.

      Leading markets, per Roland Berger: India, United States, Spain, Peru, Saudi Arabia, Egypt, and South Africa. New build (451) again outweighs retrofit and expansion (125).

      Source: Roland Berger analysis / AquaFed, 2025 (planned wastewater treatment & reuse PPPs).

      Deal Flow Is Live

      Recent and upcoming PPP activity

      Brazil
      São Francisco River Integration

      US$2.8bn investment across four states, to be auctioned by end 2025.

      Peru
      Nine water & sanitation PPPs

      US$1.7bn to be awarded by end 2025, with 31 more PPPs (US$5.5bn+) on the radar.

      Kenya
      Water & sewerage PPP program

      Considering a PPP model to invest US$3bn toward a US$7bn funding gap for universal access by 2030.

      Morocco
      Solar-powered desalination

      1.7m m³/day capacity by 2030, plus a 30,000-hectare Gharb irrigation PPP.

      Cambodia
      Water transport modernization

      US$1.2bn investment PPP project.

      Azerbaijan · Oman
      First-of-kind desalination & purification

      Azerbaijan's first-ever PPP (300,000 m³/day) awarded in January; Oman's US$142m Nama purification PPP signed in March.

      Source: Roland Berger analysis / AquaFed, 2025.

      Strategic Takeaways

      What moves private capital into water

      01

      Regulatory clarity catalyzes capital

      Rule-based national programs (Brazil, India) accelerated deal flow; ad-hoc rules (USA, South Africa) slow it.

      02

      Risk allocation beats ownership ideology

      Whether remunicipalizing or deepening concessions, success depends on clear performance KPIs and tariff certainty.

      03

      Climate stress drives desalination & reuse

      Pipelines are expanding — but affordability and energy sourcing must be embedded early.

      04

      Credit enhancement is key

      Instruments like WIFIA (USA), DBSA (South Africa), and EIB green loans (Spain) are indispensable where municipal balance sheets are weak.

      05

      Political and public opposition remains the bottleneck

      Transparency over tariffs and service levels reduces litigation and protest risk. Saudi Arabia's model shows the upside: clear off-takers, an integrated infrastructure view, sovereign guarantees, and a single national PPP body drove desalination costs to as low as US$0.04 / m³.

      Source: Roland Berger analysis / AquaFed, 2025.

      Workforce Intelligence

      The other infrastructure gap: people

      The U.S. water workforce numbers 1.7 million — yet a retirement wave is colliding with thin recruitment pipelines. WaterRising's original survey of utilities quantifies the talent gap and the practices that close it.

      1.7M
      people in the U.S. water workforce
      ~30%
      eligible to retire within the decade (AWWA, 2023)
      16
      U.S. utilities in WaterRising's workforce survey
      2M+
      miles of aging pipe the next generation must operate

      Inside 16 U.S. utilities

      WaterRising's November 2024 utility workforce survey — share of surveyed utilities with each practice in place.

      n = 16 U.S. water utilities. Source: WaterRising Institute & The Water Tower, "A Guide for Recruiting and Retaining Talent in the Water Sector," 2024 (supported by the U.S. EPA Innovative Water Workforce Development Grant).

      Six recommended strategies

      The white paper's roadmap for utilities to close the gap.

      Workforce benchmarking — track composition, pay, and promotions over time.
      Targeted recruitment — reach new talent pools via schools and community partners.
      Training & development — mentorship and structured leadership pathways.
      Wraparound support — childcare assistance and flexible arrangements.
      Workplace policies — work-life balance and transparent pay.
      Culture & retention — strong workplace culture with accountability measures.

      This is WaterRising's workforce-as-infrastructure thesis: capital and technology cannot modernize systems that lack the people to run them. Closing the talent gap is a prerequisite to investability.

      This is the intelligence layer WaterHouse is built to provide.

      Decision-grade data, aggregated and made legible, is the binding constraint between patient capital and the infrastructure it wants to fund.

      See the investment platform