According to a new market research report published by Credence Research “Water Treatment Equipment Market (by Equipment Type: Conventional Filter, Membrane Equipment, Disinfection Equipment, Deionization Equipment, and Distillation Equipment; by End-users: Municipal, Industrial Manufacturing, Commercial & Residential, Power Generation and Others (Agriculture, Mining, Refining, etc.) – Growth, Future Prospects, and Competitive Landscape, 2018-2026”, the water treatment equipment market was valued US$ 51.05 Bn in 2017 and estimated to grow with a CAGR of 6.1% during the forecast period from 2018 to 2026.
Global population is growing at rate of 1.13% per year. Although the growth rate seems to be small but at this rate 80 Mn people every year adds to the global population and resources to feed them are shrinking at an alarming rate. One of the most important resource for human existence is fresh water which is no exception of rapid depletion. According to World Wildlife Fund (WWF), approximately 1.1 Bn people do not have access to safe clean water and almost 2.7 Bn people face scarcity of water. 2 Mn people with children in majority die from drinking waterborne diseases and the rate projected to multiply in coming years. The number is eye opening and organizations including government and environment started to undertake necessary step to prevent precious water sources. Another major step in water management is treat water and make it suitable for consumption through waste water treatment plants. Government framed regulation for commercial, residential and industrial end-users for treating the waste water before discarding it. The factor encouraged end-users to incorporate water treatment equipment and therefore stimulated the growth of water treatment equipment market.
Growing awareness and changing approach towards utilization of water witnessing a significant change. With only 3% of fresh water for disposal, human race have left with no other option to treat the waste water and reuse the water for commercial as well for residential applications. The trend is already flourishing in Western region of North America and Europe. However, water treatment plants in Asia Pacific countries are gaining their momentum and thus, water treatment equipment market estimated to grow fastest in this region. Overall market is promising and projected to grow multifold throughout the forecast period from 2018 to 2026.
Water treatment equipment market is fragmented characterised by several local as well as interantional players. Although the market is fragmented, the market have enough potential to provide ample openings to each particpants ready to cash in opportunities. The success of any particular company in this market depends a lot on their product development, services provided and geographical reach. Besides, long terms contracts and strategic partnerships is a vital strategy for companies willing to lead the market. Few of the major notable players profiled in this research study include Danaher Corporation, General Electric, Pentair Limited, Parker-Hannifin Corporation, Siemens AG, 3M Company, Veolia Environnement, Xylem Incorporated, Doosan Heavy Industries and Construction, Dow Chemical among others.
The complete report is available at https://www.credenceresearch.com/report/water-treatment-equipment-market
Key Analysis Covered:
- Most prominenet practices observed in water treatment equipment market and growth prospects for water treatment equipment manufacturers
- Well defined government guidelines & regulation and growing need for treating water creating an optimistic environment for water treatment equipment market
- Different type and availability equipment used to treat water for various end-users and their market estimations
- Largest and fastest growing segments in terms of equipment and end-user
- Lucrative geographical regions/ countries mapped for the water treatment equipments market