Drivers and trends

Drivers and trends for Norva24’s markets

Norva24’s markets are expected to be driven by several factors and market trends. These include, for example, ageing underground infrastructure, climate change, regulative efforts as well as more capacity outsourcing.

Drivers and trends in the underground infrastructure maintenance market

Ageing underground infrastructure	Poor state of the underground infrastructure requiring significant maintenance and renovation Ageing underground infrastructure	~40 Years old on average
Climate change	Increased extreme weather increases the load on the underground infrastructure networks and requiring more maintenance and higher quality pipes Temperature and rainfall increase set to strain underground infrastructure	12% increase in rainfall
Regulation	Existing regulations expected to drive higher investment Regulations increase the frequency of maintenance intervals Increasing standards and reporting requirements	~90 of fat separators has regular emptying intervals
Capacity needed	Urbanisation placing extra pressure on the outdated underground infrastructure in urban areas, which increases maintenance need	13% increase in ppl per km sewer
Outsourcing	Sizeable outsourced UIM market with only ~24% of the services currently insourced No expected change in outsourcing degree in Nordic markets Further outsourcing potential in Germany (e.g. municipalities)	~24% of market insourced
ESG	Increasing trend for customers to weight ESG criteria Reporting requirements also increasing	~30% weighting in certain tenders