Jul 28, 2020 5:00 PM ET
iCrowd Newswire – Jul 28, 2020
Global Water and wastewater treatment equipment market Information by Treatment Type (Membrane Separation, Disinfection, Sludge treatment and Others), By Application (Municipal and Industrial) And Region – Forecast To 2023
Notable players of the global water and wastewater treatment equipment market include GE Water & Process Technologies (U.S.), Aquatech International Corporation (U.S.), Veolia Water Technologies (France), WPL Limited (U.K.), Fluence Corporation Limited (U.S.), Napier Reid Ltd. (Canada), Calgon Carbon Corporation (U.S.), Xylem Inc. (U.S.), Kemira Oyj (Finland), and Corix Water System (Canada).
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Water and Wastewater Treatment Equipment Market Overview
Rising adoption of an environment-friendly approachtowards industrial operations has led to a rise in the demand for water and wastewater treatment equipment in the global market. Many industries, such as food and beverages, oil and gas, paper and pulp, pharmaceuticals, power, metals and mining, semiconductors, chemicals, and textiles, have started adopting strict water and wastewater treatment policies before the water is allowed to flow into natural water bodies. Growing adoption of these policies has led to substantial growth in the water and wastewater treatment equipment market.
Water and wastewater treatment equipment is used to clean water, for removal of harmful chemicals,With increasing awareness towards the hazards of such contamination and environmental issues in general, various governments across the globe have started imposing strict policies upon industrial operations, driving the water and wastewater treatment equipment market.
The global water and wastewater treatment equipment market is expected to present many opportunities for the industry during the forecast period due to the contribution of factors such as the increasing scope for operations & maintenance and growth in emerging economies. The global water and wastewater treatment equipment market will witness tremendous growth from USD 51.25 Billion in 2016 to USD 73.25 Billion by 2023, recording a CAGR of 5.33% during the forecast period.
Another factor driving the water and wastewater treatment equipment market is the imposition of stringent emission policies by governments, controlling the emission of wastewater into the water bodies. Rapid urbanization, increasing population, technological advancements, and infrastructural development are also factors that trigger the growth of the water and wastewater treatment equipment market.
The water and wastewater treatment equipment market has been segmented and studied by the MRFR on the basis of treatment type, application, and region. On the basis of treatment type, the market has been segmented into membrane separation, sludge treatment, and disinfection. Based on application, the market has been segmented into municipal and industrial application.
Based on treatment type, the segment of membrane separation is expected to showcase the highest CAGR. Membranes are formulated from either inorganic materials such as ceramics and metals or from synthetic organic polymers. Factors contributing to the growth of this segment include the utilization of environment-friendly and economically viable treatment technologies, and the removal of particles, colloids and macromolecules, enabling simpler disinfection of water. Membrane separation products hence enable an easier water disinfection process.
With growing populations, decrease in the availability of fresh water, and more stringent regulations, municipalities are expected to garner the highest market revenue share based on application type. Another factor influencing the growth of the water and wastewater treatment equipment market is the significant rise in the adoption of water treatment solutions. This practice has enabled various cities around the globe to help optimize resources and provide pure water to their residents. A rapidly growing population in urban areas of the world has created a significant rise in the need for high-quality water used for drinking purposes as well as household use,driving the water and wastewater treatment equipment market.
Detailed Regional Analysis
The market is segmented into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW) by Market Research Future (MRFR). Amongst all regions, the APAC market is expected to hold the highest market revenue share during the forecast period. The main factors contributing to such exponential growth in Asia Pacific are the high demand for clean water in the region due to the increasing population and rapid industrialization. Countries such as Japan and South Korea are expected to drive the water and wastewater treatment equipment market due to the imposition of stringent government policies and regulations.
Scope of Report
The report for Global Water and Wastewater Treatment Equipment Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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Keywords: Water and wastewater treatment equipment market