competition in the water sector

Competition in the water sector refers to multiple water service providers operating within a region, vying to offer better quality, pricing, and service to consumers. This can encourage innovation, efficiency, and improved customer satisfaction. Typically, some parts of the water market may be dominated by a few large entities, while others have multiple smaller providers. Promoting competition aims to motivate providers to improve infrastructure, reduce costs, and ensure reliable access. However, because water is a vital resource, governments regulate to ensure fair access and environmental sustainability, balancing competition with public interest and safety.