If you pay attention to international water issues, you will soon realize the small country of Israel is slowly attempting to make a name for itself in the field of water technology. In fact, Israel recently hosted an international water technology conference, WATEC, from October 30 to November 1 of 2007.
Israel, though lacking in natural water resources, is exporting its water technology across the globe, billing itself as the “Silicon Valley of water technology,” in the words of Infrastructures Minister Binyamin Ben Eliezer.
Israel hopes to increase export revenues from water technologies to 2 billion US dollars by 2010. The Israeli government has just launched a program to maximize technical knowledge of desalination, water purification, irrigation systems, water treatment, reclaimed water, water security, and water infrastructure.
Given the increase in global water scarcity, Israel is one of many entities ready to step into an open-economic playing field to double their dollar in the field of water technologies.
This report, Growing Markets for Water and Wastewater Technologies, issued by BCC Research, likely explains markets available for growth in the water technology sector, but specifics of the report are not known because I could not afford to pay the $4850.00 to purchase a copy (yes, the water technology industry must be growing…). However, one of the report highlights states:
The expenditures for municipal water and wastewater applications were $8,066 million in 2005, $9,575 million in 2006, and $11,290 million in 2007. They are expected to grow at compound annual growth rate (CAGR) of 22.2% and reach $39,709 million by 2012.
We can apply the economic model of supply and demand very clearly to the water scenario. As demand for water increases, the price of water (water technologies, etc.) on the world market will also increase. Consequently, there will be an accrual of entities hoping to profit on the commodity of water, alas we are seeing such happening presently.
Author’s Postscript: This post highlights global water technology markets and Israel’s current standing in such world markets. However, there are many critical water issues relating to Israels continued occupation of Palestinian territories in areas of the region with greater access to water.
Additionally, Israel maintains water technology, yet continuously fails to supply Palestinians with assistance for development of water infrastructure or access to reliable water supplies. In the near future, I will attempt to address these issues.