Water & Wastewater Utilities · Richmond, VA

Water & Wastewater Utilities Market in
Richmond, VA

$82M TAM · Market Score 86/100 · Ranked #43 of 925 MSAs by TAM

Bottom-up market data for the Richmond, VA MSA. Sourced from PinpointIQ's MSA-level intelligence platform.

Total TAM
$82M
rank #43 of 925
Market Score
86/100
rank #65 of 872 · 93th percentile
Operators
Pop. growth (5-yr)
5.6%
rank #245 of 872

Market Score breakdown

How Richmond scored 86/100 for Water & Wastewater Utilities

PinpointIQ's Market Score is a percentile-weighted composite. The components + weights are set per vertical. Richmond ranks in the 93th percentile nationally for Water & Wastewater Utilities.

ComponentWeightValuePercentile
Total Households40%533,43095
Fragmentation Score35%
Total Pop Growth (5-Year)25%5.672

TAM by segment

$82M in Richmond broken down by segment

Utilities_water Residential Service
$65M
78% of total TAM
Utilities_water Commercial Service
$18M
22% of total TAM

Demographic snapshot

Who lives and buys in Richmond

Population
1,341,248
5.6% 5-yr growth
Median HH income
$86,679
24.8% HHs $150K+
Housing units
569,714
16.7% age 65+
GDP per capita
$85,369

Frequently asked questions

Water & Wastewater Utilities market in Richmond: common questions

How big is the water & wastewater utilities market in Richmond, VA?

The water & wastewater utilities market in Richmond, VA has a total addressable market of $82M, calculated bottom-up from U.S. Census, BLS, and IRS County Business Patterns data at the census-tract level. This makes Richmond the #43 largest water & wastewater utilities market of 872 U.S. MSAs.

How does Richmond rank nationally for water & wastewater utilities?

Richmond scores 86/100 on PinpointIQ's Water & Wastewater Utilities Market Score, ranking #65 of 872 U.S. metros — the 93th percentile nationally. The Market Score is a percentile-weighted composite of the vertical-specific drivers that make a metro attractive for water & wastewater utilities operators and investors.

What drives water & wastewater utilities demand in Richmond?

PinpointIQ scores Richmond's water & wastewater utilities market on 3 components: Total Households (40% weight, 95th percentile); Fragmentation Score (35% weight, n/a); Total Pop Growth (5-Year) (25% weight, 72th percentile). The weights are calibrated to the water & wastewater utilities vertical and applied consistently across every U.S. MSA.

What are the biggest water & wastewater utilities sub-segments in Richmond?

Richmond's $82M water & wastewater utilities TAM breaks down into: Utilities_water Residential Service ($65M, 78% of TAM); Utilities_water Commercial Service ($18M, 22% of TAM). Segment sizes reflect PinpointIQ's bottom-up model at the census-tract level.

Is Richmond growing? How does population affect the water & wastewater utilities market?

Richmond has a population of 1,341,248 and has grown 5.6% over the last 5 years. Population change is one of the drivers of water & wastewater utilities demand and factors into PinpointIQ's Market Score alongside vertical-specific attractiveness metrics.

TAM figures reflect PinpointIQ's bottom-up market size model built from U.S. Census, BLS, IRS County Business Patterns, and other public + commercial sources at the census-tract level. Market Score is PinpointIQ's percentile-weighted composite; the components and weights are set per vertical and shown above. Data refreshed monthly.

See Water & Wastewater Utilities data in your target markets.

Pull a free market report, start a trial, or walk through your target MSAs live.

Contact us

Questions, partnerships, or just want to learn more. We'd love to hear from you.