More than 20 water experts from China visited Arad Group’s ‘ water meters manufacturing facility earlier this week.
The delegation, from Chengdu, Sichuan, was comprised of senior experts including public officials, decision makers and professionals in the fields of water management and sewage treatment.
The group toured the innovative production site and expressed special interest in the advanced water technologies developed by Arad.
The Arad group places much emphasis on the Chinese market, which is the world’s largest water metering market. Because of this, the company established Arad China, a fully owned subsidiary, in the city of Wuhan in the province of Hubei. Arad China manufactures and distributes Arad products and services in the Chinese territories.
A recent report published by strategy consultants group Roland Berger indicates that the Chinese water market is currently growing at a rapid pace. According to the report, the local market is expected to grow by 30 percent by 2015.
“The Chinese market offers both domestic and international players considerable potential,” Ronald Berger analysts noted. “As the country urbanizes, urban residential water usage is expected to increase by 3% annually. Water tariffs are also on the rise, which mainly benefits private-sector players in the municipal market.”
At the same time, the research company noted that water companies wishing to enter the fast developing Chinese water market would face hurdles as water scarcity and pollution will continue to push up water tariffs over the next few years. It added that water companies were often unable to cover their high operating costs and invest in crucial infrastructure improvements.