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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.

Ageing sewerage systems
  • Poor state of the sewerage systems requiring significant maintenance and renovation
  • Ageing sewerage infrastructure

~40

Years old on average

Climate change
  • Increasing the load on the sewerage networks and requiring more maintenance and higher quality pipes
  • Temperature and rainfall increases set to strain sewerage systems

12%

increase in rainfall
Regulation
  • Existing regulations expected to drive higher investment
  • Regulations increase the frequency of maintenance intervals
  • Increasing standards and reporting requirements

1

Per month fat separators required to be emptied
Capacity needed
  • Urbanisation placing extra pressure on the outdated sewerage systems in urban areas, which increases maintenance need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