With the recent changes in Covid-19 Travel Restrictions in China, the “China Market Outlook 2022” session at the Asia Pacific Smart Water Utilities in Singapore on December 14th-15th, 2022, was even more relevant for companies considering to establish or expand at the Chinese Market for Water Technology.
The presentation “China Market Outlook 2022” given by CEWP Business Program Manager Henrik Dissing can be downloaded [here].
Main take aways from the session:
- The Chinese Market for Water Technologies continues its significant growth rates, leading it to be the Worlds’ largest market
- The continuation of the Chinese Governments targets for improving water supply and sanitation, as established in the 14th 5-year plan, is a key driver for the market growth
- The Chinese Market holds a number of serious challenges to European companies, but also offers a range of opportunities – however, a considerate strategy is a precondition for success
- The opportunities can be found within several market segments, as documented via the CEWP Business Program events and webinars during 2018-2022
Singapore