Water Treatment Market Key Players are Adopting Different Growth Strategies to Maintain Their Global Dominance
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.
According to a recent report published by Future Market
Insights, the global water treatment market is expected to grow 6% in 2019 to a
total valuation of US$ 48,951.8 million, up from US$ 46,162.7 million in 2018.
According to the report, several key drivers are expected to
fuel the growth of the global water treatment market during the forecast
period. Among the notable driving forces are 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.
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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 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.
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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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