According to a report published by Grand View Research, Inc.; the global water and wastewater treatment equipment market is projected to reach a valuation of around USD 103.41 billion by 2025. Growing demand for fresh or potable water due to rising population and rapid industrialization can drive the market during the forecast period (2014 to 2025). Growing water stress and disposal of industrial waste water in aquatic ecosystem has increased the need for waste water reclamation. Implementation of effective water treatment system can solve the water related issues, thereby driving market growth.
Furthermore, strict regulatory framework by government authorities to control waste water production and recycling it for reuse can have positive impact on demand. For instance, in 2012, the European Union (EU) introduced a blueprint on water treatment. The aim of this blueprint was to implement an approach to maintain the quality and demand for fresh water in urban population. Additionally, rapid industrialization and rising demand for water from industries such as power generation, mining, oil and gas, and paper and pulp in underdeveloped countries, especially from Asia Pacific region is expected to support market growth. Rising water intensive gas exploration activities in U.S. are projected to further drive the demand for these equipment during the forecast period.
The worldwide water and wastewater treatment equipment market can be segmented on the basis of product, technology, application, and region. Based on product, the market can be categorized into membrane separation, sludge, biological, disinfection, and others. Membrane separation was the leading segment in terms of revenue in 2015. The segment is anticipated to rise at the fastest CAGR of 8.0% through to 2025 owing to increasing consumer preference. The disinfection equipment segment estimated for 7.1% market share in terms of revenue in 2015. Need for chemical-free water and wastewater treatments in U.K. and U.S. is expected to boost the acceptance of Ultraviolet (UV) disinfection systems.
Full Research Report On Water & Wastewater Treatment Equipment Market Analysis: www.grandviewresearch.com/industry-analysis/water-and-wastewater-treatment-equipment-market
U.S. water & wastewater treatment equipment market, by technology, 2014 – 2025 (USD Million)
As per technology, the market can be classified into primary treatment, secondary treatment, and tertiary treatment. In 2015, the tertiary treatment segment held the largest market share of 42.3% in terms of revenue. The segment is anticipated to expand at the highest CAGR of 7.5% during the forecast period. Based on application, the market can be classified into industrial and municipal.
Geographically, the market can be divided into North America, Europe, Asia Pacific, Central and South America, and Middle East and Africa. In North America, U.S. is considered as one of the key adopters of water and wastewater treatment systems. Factors such as demand for industrial water reclamation and water-based shale exploration activities can drive growth in the forthcoming years.
Asia Pacific held the largest market share of 43.2% in terms of revenue in 2015. Countries such as Singapore, India, and China are likely to support the regional growth in near future. Factors such as rapid industrialization, growth in population, and increasing foreign investments in industrial and municipal waste water treatment sectors are projected to supplement regional growth. India is projected to display remunerative growth during the forecast period attributed to increasing demand for potable water, government efforts, and foreign investments
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Global wastewater treatment equipment market, by application
Europe is anticipated to showcase steady growth during the forecast period. The region was valued at USD 21.0 billion in 2015. Strict implementation of regulations about water and wastewater has increased the R&D activities related to water treatment nanotechnologies, which is expected to drive the market growth. Countries such as U.K., France, and Germany among others are expected to drive the regional demand. Central and South America is projected to expand at a CAGR of 9.3% by 2025. This can be ascribed to growing issues related to poor sanitation and fecal sludge disposal and implementation of water treatment systems in the municipal sector.
Some of the key companies operating in the water and wastewater treatment equipment market include Buckman Laboratories International, Inc.; Suez Environnement S.A.; Ecolab Inc.; Calgon Carbon Corporation.; and Best Water Technology AG.
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