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米国の民営水道事業市場:市場動向・戦略・機会 2016年

U.S. Private Water Utilities: Market Trends, Strategies, And Opportunities, 2016

発行 Bluefield Research 商品コード 358807
出版日 ページ情報 英文 85 Pages
納期: 即日から翌営業日
価格
本日の銀行送金レート: 1USD=109.74円で換算しております。
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米国の民営水道事業市場:市場動向・戦略・機会 2016年 U.S. Private Water Utilities: Market Trends, Strategies, And Opportunities, 2016
出版日: 2016年08月03日 ページ情報: 英文 85 Pages
担当者のコメント
米国の民営化事業に焦点を当てたレポートです。M&Aがどのように成立するか、投資有望の州はどこか、参入に向けて有望な戦略は何か、民間事業者の現在の事業の移り変わり、今後10年の国内市場の変貌について取りまとめております。水事業で米国市場に参入している事業社や機器メーカー、投資企業、金融機関様、今後の事業戦略に不可欠の情報を是非当レポートで入手ください。
概要

民営水道事業は、米国の水道市場の15%を構成しており、さらに大きな役割を担う構えを見せています。

当レポートでは、米国市場において拡大する民営水道事業の役割について分析し、主な動向の特定、戦略の評価および機会の評価などを提供しています。

エグゼクティブサマリー

第1章 米国の都市水道水の情勢

  • 米国の上水道ネットワーク
  • 米国の下水道ネットワーク
  • 公営上下水道所有の情勢
  • 米国の公営インフラ投資
  • 地元政府の上下水道投資レベルはこう着状態
  • 地方債券市場の活動
  • 地方自治体の展望:水道における民間部門参加の促進因子、ほか

第2章 州市場の動向

  • 州の魅力ランキング基準
  • 州の魅力比較
  • 水道システムの民間所有:州別、ほか

第3章 投資家所有の公益事業の市場情勢

  • 民営水道市場機会の定義
  • 水道バリューチェーンにおける民営企業
  • 民営水道企業の区分の定義、ほか

第4章 M&Aにおける戦略的動向

  • 主要企業の戦略概要
  • 投資家所有公営事業の参入戦略
  • M&Aを通した市場参入 (主要契約) 、ほか

第5章 有機的な成長戦略

  • 有機的な成長促進因子の概要
  • 大規模公営事業の成長の内訳、ほか

第6章 官民提携

  • 官民提携法律の進化
  • WIFIAは目に見える影響を目指す
  • 官民提携
  • 計画中の水道PPPプロジェクト

第7章 米国の民営水道事業 (企業プロファイル)

  • American States Water Company
  • American Water Works Inc.
  • Aqua America Inc.
  • Aquarion Water Company
  • Artesian Resources
  • California Water Service Group
  • Connecticut Water Company
  • EPCOR Utilities Inc.
  • Global Water Resources, Inc.
  • Great Oaks Water Company
  • Johnson Utilities
  • Liberty Utilities
  • Middlesex Water
  • San Jose Water Company
  • Southwest Water Company
  • Suez Water
  • Utilities, Inc.
  • York Water Company
  • San Gabriel Valley Water Company
  • Great Oaks Water Company
  • その他の公共事業
  • 機関投資家

図表リスト

目次

US Private Water Report now available for download. Order today and receive immediate online access.

Private water utilities, currently accounting for 15% of the U.S. water market, are poised to take on a much greater role. Deteriorating water infrastructure is putting pressure on municipalities and public water utilities to lean more heavily on private participation, including management contracts, public-private partnerships, and asset sales.

This new report analyzes the expanding role of private water utilities in the U.S. market - identifying key trends, evaluating strategies, and assessing opportunities.

Report contents include:

  • Section 1: US Municipal Water Landscape
  • Section 2: State Market Trends
  • Section 3: Investor-Owned Utility Market Landscape
  • Section 4: Strategic Trends in M&A
  • Section 5: Organic Growth Strategies
  • Section 6: Public-Private Partnerships
  • Section 7: Company Profiles: Top 25 U.S. Private Water Utilities
  • Data Appendix (xlsx) featuring state-level metrics, utility data, and M&A data

Key questions addressed in U.S. Private Water Utilities: Market Trends, Strategies and Opportunities:

  • How is M&A activity reshaping private water market-share?
  • Which states and regions are most attractive for investment?
  • What are the most effective utility growth strategies?
  • Which players are adjusting strategies to address new industry verticals and geographies?
  • How has the private water market changed over the last few years and how will the market evolve over the next ten?

Who should buy this report:

  • Utility companies needing to understand market forces and evaluate their strategies.
  • Financial institutions requiring independent, unbiased analysis of the U.S. investor-owned utility market and key drivers for growth.
  • Equipment suppliers seeking insights into the strategies of private utility companies.
  • Investors looking to scale their asset portfolios and identify opportunities in U.S. water markets.
  • Technology providers targeting private water asset owners for acquisition or partnership.

Table of Contents

EXECUTIVE SUMMARY

SECTION 1 // U.S. Municipal Water Landscape

  • U.S. Water Network
  • U.S. Wastewater Network
  • Municipal Water and Wastewater Ownership Landscape
  • US Municipal Infrastructure Investment, 2016-2025
  • Local Government Water and Wastewater Investment Levels Stalled
  • Municipal Bond Market Activity
  • Municipality Perspective: Drivers for Private Participation in Water
  • Addressing Blocks to Covering the Investment Gap with Private Players

SECTION 2 // State Market Trends

  • State Attractiveness Ranking Criteria
  • State Attractiveness Comparison
  • Private Ownership of Water Systems by State
  • PPP, Acquisition Valuation, Rate-setting Mechanisms Shape State IOU Policy
  • System Fragmentation Pervades US Private Water Utility Market
  • Recent State Initiatives Supporting Private Utility Model
  • EPA Violations Trigger System Evaluations
  • New Jersey Law to Accelerate Private Participation
  • Pennsylvania Sustains Position as Epicenter for IOU Tuck-ins
  • Drought Presses Need for California Consolidation
  • Texas Scarcity, Fragmentation Invites IOU Consolidation

SECTION 3 // Investor-Owned Utility Market Landscape

  • Private Water Market Opportunity Definition
  • Private Players in the Water Value Chain
  • Private Water Company Segmentation Definition
  • Privately-Owned Water Supply Systems (Market Overview)
  • Market-share Positioning of Large-Scale IOUs
  • Large-Scale Water IOUs Geographic Footprint
  • Large-Scale IOU Comparison
  • Large-Scale IOU Revenue Evolution

SECTION 4 // Strategic Trends in M&A

  • Key Player Strategies Overview
  • Investor-Owned Utility Entry Strategies
  • Market Entry through M&A (Key Deals)
  • IOU Deal Origination Strategies Analysis
  • M&A Activity Overview
  • Recent Tuck-in Deals Expand Presence in Large IOU Focus States
  • American Water Reiterates Expansion
  • Aqua America Rejigs Growth Strategy

SECTION 5 // Organic Growth Strategies

  • Organic Growth Drivers Overview
  • Large-Scale Utility Growth Breakdown
  • Rate Case Growth Underpins American Water Growth Model
  • Other Large-Scale IOUs Reliant on Rate Case Growth
  • IOUs Position for O&M Outsourcing
  • Smart Water Emerges as Viable Growth Opportunity
  • American Water Ekes Out Additional Revenue
  • IOUs Zero-in on Military Contracts
  • Aqua America Taps Fracking Water Demand

SECTION 6 // Public-Private Partnerships

  • Public-Private Partnership Legislation Evolving
  • WIFIA Aims for Tangible Impact
  • Public-Private Partnerships
  • Planned Water PPP Projects

Section 7: U.S. PRIVATE WATER UTILITIES (COMPANY PROFILES)

In this report, Bluefield profiles 25 of the largest investor-owned utilities in the U.S. Each profile provides utility details, company background, M&A deals, key contracts, ownership structure and portfolio evolution analysis. The profiles are accompanied by excel spreadsheets supporting each profile.

  • American States Water Company
  • American Water Works Inc.
  • Aqua America Inc.
  • Aquarion Water Company
  • Artesian Resources
  • California Water Service Group
  • Connecticut Water Company
  • EPCOR Utilities Inc.
  • Global Water Resources, Inc.
  • Great Oaks Water Company
  • Johnson Utilities
  • Liberty Utilities
  • Middlesex Water
  • San Jose Water Company
  • Southwest Water Company
  • Suez Water
  • Utilities, Inc.
  • York Water Company
  • San Gabriel Valley Water Company
  • Great Oaks Water Company
  • Other Utilities -- Roxbury Water Company, Audubon Water Company, Shorelands Water Company, Inc., Citizens Westfield, Fruitridge Vista Water Company, Del Oro Water Co., Inc., Bakman Water Company, Gordon's Corner Water Co.
  • Institutional Investors -- British Columbia Investment Management Co., Carlyle Group, JP Morgan Asset Management, KKR, Macquarie, Table Rock Capital

LIST OF EXHIBITS

SECTION 1 // U.S. Municipal Water Landscape

  • Number of Water Systems by Size
  • Water System Sizes by Population Served
  • Number of Very Large Systems by State
  • Number of US Wastewater Facilities
  • US Water System Ownership
  • US Wastewater System Ownership
  • Year-Over-Year Municipal Infrastructure Investment Forecast, 2016-2025
  • Public Spending for Water Utilities, Federal vs. State Funding, 1956-2014
  • Public Spending for Water Utilities, Capital and Operation & Maintenance, 1956-2014
  • Municipal Bond Market Trends, 1996-2015
  • Private Participation in Water
  • Addressing Obstacles to Private Participation

SECTION 2 // State Market Trends

  • State Attractiveness Ranking Criteria
  • State Attractiveness Comparison
  • Private Ownership of Water Systems by State
  • PPP, Acquisition Valuation, Rate-setting Mechanisms Shape State IOU Policy
  • Private Water Systems by State
  • Average Service Connections per Private Water System
  • State Initiatives Facilitating IOU Acquisition
  • Serious Violators by Private Community Drinking Water Systems by State
  • IOU County Footprint (Key Impacted Areas)
  • New Jersey State Private Water Market Share by Population
  • Pennsylvania IOU M&A: 2013 - H12016
  • California System Acquisitions
  • California Key Consolidation Drivers
  • Texas M&A: 2013-2016
  • Top 20 Private Water States

SECTION 3 // Investor-Owned Utility Market Landscape

  • Private Water Market Opportunity Definition
  • Water Value Chain Segment
  • Private Water Company Segmentation Definition
  • Total Private Water Market
  • Large-Scale IOUs served (>50,000 customers)
  • US Water IOUs by Geographic Footprint, Customers, Revenues
  • Large-Scale Water IOUs Geographic Footprint
  • US Top 20 National Private Water Utilities by Revenues, 2014/15
  • US Top 20 National Private Water Utilities by Population Served, 2015
  • US Top 20 National Private Water Utilities by Number of Customer Connections, 2015
  • Large-Scale IOU Revenues (US$ millions 2011-2106)

SECTION 4 // Strategic Trends in M&A

  • Key Player Strategies
  • Investor-Owned Utility Entry Strategies
  • IOU M&A Strategies Overview
  • Focus Areas of Large-Scale IOUs' M&A Activities
  • US IOU M&A, 2013 - H1 2016*
  • Hot spots of recent M&A activity and major IOUs involved (2013-2016)
  • American Water Recent M&A Deals
  • Aqua America Acquisition Activity 2011- 2016

SECTION 5 // Organic Growth Strategies

  • Organic Growth Drivers Overview
  • Large Scale IOU Revenue Breakdown, Market-based % of Total Operating Revenue
  • Overview of Major Rate Cases Requested / Approved 2014-2016
  • Overview of Other Major Rate Cases Requested / Approved 2014-2016
  • Large-Scale IOUs' Market-Based Lines of Business
  • Smart Water Legislation/Cooperation
  • Annual Revenue Change, Market-based Business Segments
  • Customer and Service Area Growth,
  • Homeowner Service Group
  • Contracted Services With U.S. Military Bases
  • Private Utility Fracking Water Supply Projects

SECTION 6 // Public-Private Partnerships

  • WIFIA Key Points Summary
  • Key Recent Public-Private Partnerships
  • Pending Public-Private Partnerships

SECTION 7 // Utility Profiles

  • Company Background and Positioning,
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