Water and Wastewater Treatment Equipment Market 2021: COVID-19 Impact Analysis, Share, Size, Trends, Industry Growth and Segment Forecasts To 2023
Water
and Wastewater Treatment Equipment Global Market – Overview
The water and wastewater treatment equipment are
being extensively used for the production of clean water, which can be used for
all kinds of municipal and industrial applications. The wastewater is treated
by using the treatment equipment for the removal of the harmful chemicals, in
order to avoid the contamination of water resources. Of late, there is an
increase in the usage of the effective water and wastewater treatment
equipment, owing to the increasing global water stress coupled with industrial
wastewater disposal in aquatic ecosystems, which has further led to a boost in
the water reclamation requirements. According to a recent study report
published by the Market Research Future, The global market of water and
wastewater treatment equipment is booming and expected to gain prominence over
the forecast period. The market is forecasted to demonstrate a stunning growth
by 2023, surpassing its previous growth records in terms of value with a
striking CAGR during the estimated period (2017 – 2022).
The demand for water and wastewater treatment
equipment is growing significantly, over the years. Of late, various industries
such as food & beverages, chemicals, pharmaceuticals, pulp & paper,
power, metal & mining, semiconductors, textiles, and oil & gas, call
for the usage of clean water. The growth of these industries lead to an
increase in water pollution and contamination. With the objective of reusing
the industrial wastewater for various manufacturing processes such as cooling,
washing, and processing, the companies are increasingly adopting the water and
wastewater treatment equipment.
With the increasing concerns about the health risks
and environmental impact of the biological contaminants, chemicals, and
disinfection byproducts in the supply of water and wastewater, the governments
of various countries have introduced various emission regulations, which are
fuelling the demand of water and wastewater treatment equipment. For instance,
the European Union (EU) has updated the existing regulatory frameworks and set
new norms for the control of wastewater generation and promotion of recycle
& reuse. Moreover, the Ministry of Environment and Forest (MoEF) and
Central Pollution Control Board (CPCB) of India, have drafted new regulations
such as the Zero Liquid Discharge (ZLD) or Zero Discharge (ZD) policy, which
urges industries to strive for ZLD status.
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Related News
The key strategies followed by most companies
within the global Water and wastewater treatment equipment market are that of
new product development.
On April 2011, GE Water & Process Technologies completed the
extension of its water treatment facility in Wuxi New Zone, China. The capacity
has been doubled in order to curb the increasing demand of clean water and
energy in China and other countries in the Asia Pacific region.
In June 2017, Big Data, machine learning and artificial
intelligence have been developed by Kemira Oyj for the management of water
treatment systems in better efficient ways.
In March 2017, Veolia Water Technologies signed a contract with
Magnox Limited, to Deploy Contaminated Water Treatment Systems at Four Magnox
Sites in the U.K.
Water and Wastewater Treatment
Equipment Market – Segmentation
The global water and wastewater treatment equipment
market is segmented into 3 key dynamics for the convenience of the report and
enhanced understanding;
Segmentation
by Treatment Type: Comprises Membrane Separation, Disinfection, Sludge
treatment and Others
Segmentation
by Regions: Comprises Geographical regions - North America, Europe, APAC and
Rest of the World.
Key Players
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), and others are some of the prominent
players profiled in MRFR Analysis and are at the forefront of competition in
the Global Water and Wastewater Treatment Equipment Market.
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Report Details @ https://www.marketresearchfuture.com/reports/water-wastewater-treatment-equipment-market-3960
Water and Wastewater Treatment Equipment Market:
Regional Analysis
In the Asia-Pacific region, the developing
countries such as China and India are the biggest consumers of water due to
population growth and rapid industrialization. The disposal of wastewater from
the industries is driving the need for rapid adoption of water and wastewater
treatment equipment. In the countries of Japan and South Korea, strict rules
and regulations have been imposed by the government, which are further
contributing to the growth of the market during the forecast period. Japan is a
major contributor in the water and wastewater treatment equipment market and is
anticipated to grow at a high rate, owing to large population size, potable
water scarcity, and rapid industrialization in the region. Japan is also among
the few leading membrane system manufacturers and is expected to approach
maturity during the forecast period. The Japan region is also shifting its
business focus to international business.
In North America, U.S. is one of the main consumers
of wastewater treatment equipment. The increase in water-intensive gas
exploration activities along with significant demand for industrial water reuse
in the country is expected to boost the growth of the water and wastewater
treatment equipment market during the forecast period. The prevailing stringent
water regulations and increasing trend of water recycling & reusing are
further expected to drive the growth of the market during the forecast period.
Read more related insights:
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