Market Synopsis
The global water and wastewater treatment equipment market is estimated to grow from USD 51.25 Billion in 2016 to USD 73.25 Billion in 2023, as per a report by Market Research Future (MRFR). It can expand at a CAGR of 5.33% during the forecast period (2017-2023). The market is witnessing immense demand from various industries such as food & beverages, chemicals, pharmaceuticals, pulp & paper, power, metal & mining, semiconductors, textiles, and oil & gas and others. Factors such as rigid government emission regulations along with increasing urbanization can spur market growth.
Increasing scope for operations and maintenance and economic growth of developing countries can positively impact the market. The demand for wastewater equipment has increased in industrial and municipal applications due to increasing government concerns about disposal of water.
However, high installation costs, along with equipment and operational costs, act as restraints to the growth of the water & wastewater treatment equipment market. On the other hand, the market is highly dependent on technologies such as filtration, desalination, disinfection, and testing. Worldwide there is a rise in demand for safe drinking water due to decreasing amount of freshwater resources which can lead to increasing use of these technologies in water treatment, hence augmenting the water & wastewater treatment equipment market demand during the forecast period.
Get Sample Report of Water and wastewater treatment equipment market@ https://www.marketresearchfuture.com/sample_request/3960
Market Segmentation
The global water and wastewater treatment equipment market is segmented on the basis of treatment type and application.
By treatment type, the market is segmented into membrane separation, disinfection, sludge treatment, and others. The membrane separation segment is projected to showcase the highest CAGR in the coming years. The membrane separation equipment utilizes economically viable and environment-friendly treatment technologies. These membranes are prepared either from synthetic organic polymers or inorganic materials such as ceramics and metals. On the other hand, disinfection treatment is required for control of diseases, kill germs and, are inexpensive. The disinfection segment can contribute to the market due to its cost-economical nature.
On the basis of application, the market is segmented into municipal and industrial. Among all types of application, the municipal accounted for the largest market share during the forecast period. Many cities, across the globe, are adopting drinking water treatment solutions, to help optimize resources and provide high-purity graded water to their residents. Rapid growth in global population in the urban areas is leading to an increase in the demand for high-quality water for drinking and for daily household usage. There is a steadily growing need for cost-effective, energy-efficient processing of wastewater and various municipalities are replacing traditional filter technology with more cost-effective closed-circuit systems. On the other hand, industries opt for wastewater treatment as it is the most sustainable alternative to ascertain the quality of the water so it could be reused in various processes. Environmental regulations will push various industries to re-use the treated wastewater.
Regional Analysis
Geographically, the global water and wastewater treatment equipment market is spread across North America, Europe, Asia Pacific, and Rest-of-the-World (RoW).
Amongst all regions, the Asia Pacific market is projected to expand at a stellar CAGR during the forecast period. It accounted for 33.50% market share in 2016. Developing countries such as China and India are the biggest consumers of water owing to population growth and rapid industrialization. The disposal of wastewater from neighboring industries is driving the need for rapid adoption of water and wastewater treatment equipment. A plethora of wastewater treatment projects along with stringent rules and regulations by governments of Japan and South Korea make a positive impact on the market growth. The rising demand for treated potable water in this region is further anticipated to drive the rise of the Asia Pacific water and wastewater treatment equipment market.
In North America, water and wastewater treatment equipment serves a critical purpose by ensuring the smooth functioning of industries. These industries include power, petrochemical, and chemical. Prominent companies are setting up water and wastewater plants to supply consumers with an abundance of drinking water.
Key Players
The key players of global water and wastewater treatment equipment market include Fluence Corporation Limited (U.S.), Napier Reid Ltd. (Canada), GE Water & Process Technologies (U.S.), Aquatech International Corporation (U.S.), Calgon Carbon Corporation (U.S.), Xylem Inc. (U.S.), Veolia Water Technologies (France), WPL Limited (U.K.), Kemira Oyj (Finland) and Corix Water System (Canada), and others.
Many water and wastewater treatment equipment companies are focusing on implementing various business growth strategies. They are forming partnerships with regional companies and providing technological expertise for industrial wastewater treatment in sectors including oil & gas as well as pulp & paper.
Industry Developments
Kemira will be making a sizeable investment to expand production at its Joutseno chlor-alkali site in Finland. This investment is to ensure Kemira’s ability to address the growing need for sodium hydroxide in Finland. Joutseno chlor-alkali site produces sodium hydroxide, hydrochloric acid, and sodium hypochlorite for municipal water treatment. Sodium hydroxide raises the pH of water to near neutral when injected into a water system. Therefore sodium hydroxide is essential in water and wastewater treatment operations.
Get Complete Report Details of Water and wastewater treatment equipment market@ https://www.marketresearchfuture.com/reports/water-wastewater-treatment-equipment-market-3960
Continued…….
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR) and Market Research & Consulting Services.
MRFR team have the prime objective to provide optimum quality market research and intelligence services to our clients. Our market research studies depending on products, services, technologies, applications, end users, and market players for global, regional, and country level market segments enables our clients to know more consequently do more, which gives them answer for their each and every important question. In order to stay updated with technology and work process of the industry
CONTACT US:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
sales@marketresearchfuture.com
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/water-wastewater-treatment-equipment-market-3960