Water Treatment System Market overview: Imperative to Serve Communities and Industries By 2029 End | FMI
The global water
treatment market overview is projected to grow 6% in 2019 and reach a
total valuation of ~US$ 48,951.8 million from ~US$ 46,162.7 million in 2018 as
per the recent report published by Future Market Insights.
Growth in the global water treatment market is expected to
be driven by increased demand for potable water, changing government
regulations, and increased awareness of the negative impact of untreated water.
Several key drivers are expected to fuel the growth of the
global water treatment market during the forecast period, according to the
report. Growing awareness of the dangers of impure water consumption, a steady
increase in demand for fresh water, the adoption of water treatment systems,
and demand for quality water from the domestic and industrial sectors are among
the notable driving forces.
To Know more@
https://www.futuremarketinsights.com/reports/water-treatment-market
The increase in the adoption of new technologies along
with focus on R&D will play an instrumental role in shaping the overall
growth of the water treatment market in 2019 and the coming years. Further,
established players operating in the water treatment market are likely to
increase investments in R&D activities, focus on the development of
innovative water treatment systems, and offer cost-effective solutions.
In addition, existing players pushing for product
innovation, collaborations with EPC companies and local municipalities,
development of patented technologies and high capacity treatment systems are
likely to gain a competitive edge in the current industry landscape.
East Asia Emerges as a Promising Region for Market Growth
In the current scenario, North America and MEA are expected
to dominate the global water
treatment market size in terms of market share. However, the report
suggests that the market in East Asia will witness a commendable growth through
the forecast period 2019-2029. Currently, the market value of the water
treatment market in East Asia is ~ US$ 10,065.6 million and expected to reach
US$ 24,376.9 million by the end of 2029 growing at a CAGR of around 9.2%
throughout the forecast period. The growth is projected to be primarily driven
by focus on enhancing water quality and striking a balance between the demand
and supply ratio.
Furthermore, the economies of East Asian countries such as
China, South Korea, and Japan have shown a steady growth in recent years. Macro-economic
parameters including rapid urbanization, growing population, and positive
investment patterns have boosted investments in the housing and municipality
projects in the region. Other factors such as lack of quality water treatment
infrastructure and growing water scarcity have led to a noteworthy increase in
the spending to upgrade water treatment facilities in the region.
Evolving Government Regulations Expected to Shape the
Future of Water Treatment
According to the FMI analyst, “The growing demand and focus
on chemical-free water has certainly opened up new opportunities for the
existing market players. Further, the demand for environment-friendly water
will lead to an increase in process water treatment systems in the forecast
period.”
According to the FMI report, in the current scenario, the
high demand for chemical-free water is projected to be a key driver of the
global water treatment market. Government regulations revolving around water
treatment policies are expected to focus on the impact of untreated water on
the environment. The evolving government regulations has encouraged market
players to focus on the development of eco-friendly water with innovation and
adoption of new technologies.
Water Treatment System Market Key Segment
By System Type:
- Preliminary
Treatment
- Water
Treatment
- Membrane
Bio-Reactor (MBR)
- Reverse
Osmosis (RO)
- Micro-Filtration
(MF)
- Nano/Ultra
Filtration (NF/UF)
- Disinfectants
(UV, Ozone)
- Sludge
treatment
- Activated
Sludge
- Sludge
Thickening & Dewatering
- Sludge
Drying
- Other
Sludge Treatment Technology
By Application:
- Process
Water/ Water Treatment
- Waste
Water Treatment
- Zero
Liquid Discharge
- Desalination
By End Use:
- Residential
Buildings
- Commercial
Buildings
- Municipality
- Industrial
- Chemical
& Petrochemicals
- Oil
& Gas
- Mining
& Metals
- Food
& Beverage
- Pharmaceuticals
- Thermoelectric
Power Plants
- Semiconductors
- Pulp
& Paper
- Sugar
Mills
- Textiles
- Leather
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