Wastewater Treatment Systems Market Size
As per the recent market research report, the market for wastewater treatment technologies had an estimated value of US $ 5,342.73 million in 2017 and is expected to grow at a CAGR of 9.00% over the forecast period (2018-2023)
Wastewater Treatment Systems Market Overview:
Wastewater treatment technology deals with the removal of impurities from water during its use or storage and converts it into a usable form. The wastewater treatment system is highly recommended for residential complexes and industries. Population growth and urbanization result in the production of a large amount of recyclable wastewater, as a result, the need for water treatment technology increases. The corrosion and scale inhibitor segment dominates the world market. Asia Pacific is estimated to lead the market over the forecast period
Growth Opportunities, Challenges and Restraints of Wastewater Treatment Systems Market:
Water resources are running out, leaving many opportunities for the wastewater treatment technology market. Strong government regulations for the disposal of industrial and municipal wastewater are driving the growth of the water treatment technology market in terms of recycling and reuse procedures. Although water is the main need, the cost of water is also important, which ultimately leads to the demand for cost-effective technologies for water treatment. However, population growth has a significant impact on this market. Population growth and urbanization result in the production of a large amount of recyclable wastewater; As a result, water treatment technology can convert the maximum amount of wastewater into a usable form, which promotes market growth. Overall, the impact of these factors is expected to increase significantly with increasing awareness of the use of clean water and the recycling of water to cope with depleted water resources.
The main restrictions imposed on the market are the high cost of equipment and the lack of experience in this sector. However, it is expected that these restrictions will be reduced with technological advances and vigorous research and development in this sector, thus developing highly efficient and low-cost water treatment technologies on the market.
Geographical Insights of Wastewater Treatment Systems Market:
Asia Pacific is estimated to lead the world market over the forecast period. It is expected that economic performance will unite in China in the coming years through large-scale investments in technology and research. China is fundamentally changing the country's wastewater supply and sanitation scenario to overcome many challenges, including economic disparity between urban and rural populations and increasing urbanization. Europe was the second largest regional market in terms of turnover, with a market share of over 26.0% in 2016.
Few of the Key Players dominating the Wastewater Treatment Systems Market Profiled in the Report are:
- Dow Water & Process Solutions
- Suez Environment S.A.
- The Dow Chemical Company
- Kemira Oyj
- Orenco Systems, Inc.
- Scinor Water America, LLC
- Xylem, Inc.
- Pentair Plc
- ITT Inc.
- Evoqua Water Technologies Corporation
- United Utilities Group Plc
- King span Environmental Ltd
- Bio-Microbics, Inc.
- Trojan Technologies Inc
- Kurita Water Industries Ltd.
- Veolia Environment S.A.
- BASF SE
- Calgon Carbon Corporation
- Aqua tech International Corporation
- Asio, Spol. S R.O
Wastewater Treatment Systems Market – By Pumping Water
- Valves and Controls
- Automation Systems
Wastewater Treatment Systems Market – By Chemicals
- Coagulants and Flocculants
- Corrosion and Scale Inhibitors
- Activated Carbon
Wastewater Treatment Systems Market – By Application
Wastewater Treatment Systems Market – By Region
- North America
- United Kingdom
- South Korea
- Latin America
- Middle-East & Africa