The Global Market for Water and Wastewater Treatment Equipment is Projected to Reach US$62 Billion by 2022
Continuous Rise in Demand for Safe Drinking Water Drives
the Water & Wastewater Treatment Equipment Market, According to a New
Report by Global Industry Analysts, Inc.
GIA launches comprehensive
analysis of industry segments, trends, growth drivers, market share, size and demand
forecasts on the global Water and Wastewater Treatment Equipment market. The global market for Water and Wastewater Treatment
Equipment is projected to reach US$62 billion by 2022, driven by the growing demand for quality potable
water from the world’s burgeoning population.
Water is the most
essential of all fundamental needs of human life. Reliable access to water is a
key requirement for humans and also a critical factor determining industrial
success. Globalization, rapid economic development, industrialization,
urbanization, pollution, water contamination, unsustainable agricultural
methods, growing popularity of water-guzzling bio-fuel farming, water abuse in
industrial and manufacturing sectors, short-sighted water policies, poor water
conservation and climate change are all factors that are aggravating shortage
of water supply across the world. The severe shortage and deteriorating quality
of water across several parts of the world is driving the need for water
treatment and water conservation technologies. With chronic shortage of
freshwater expected to intensify and water quality continuing to deteriorate, particularly
in developing economies, the focus is on efficient water treatment technologies.
Water treatment equipment is also used for treatment of brackish water,
wastewater and seawater, as well as municipal waste, so as to make them useful
for drinking purposes and industrial requirements. Demand for high quality
water, coupled with stringent regulatory environment will continue to spur
demand for water treatment equipment.
Growing global population,
rapid industrialization, intensified activity in the agricultural sector and
recovery in new commercial and residential construction activity are expected
to fuel growth in the market in the coming years. Recovering manufacturing
sector in most markets and the upgrade of aging water infrastructure in
developed markets including North America and Europe are driving the need for
water and wastewater recycling equipment. The growing need for high quality water in
industries such as pharmaceuticals and semiconductor coupled with emphasis on
water reuse and recycling through programs such as zero liquid discharge will
drive penetration of advanced technologies. Growth will also benefit from the
focus on water reuse and desalination measures.
As stated by the new
market research report on Water and Wastewater Treatment Equipment, Asia-Pacific is the largest and the fastest growing
market worldwide. The growth in the region is led by growing population, increase
in per capita water consumption, stable manufacturing and industrial climate, unchecked
pollution and contamination of ground water and the need to conserve, preserve
and optimize scarce water resources. In developed countries, the major market
driver is the need to conform to regulations. European Union has one of the
most stringent rules in drinking water quality standards and wastewater
treatment standards.
Major players covered in
the report include 3M Purification Inc., BWT AG, Calgon Carbon Corporation,
Culligan International, Dow Water & Process Solutions, Ecolab Inc., GE
Water & Process Technologies, Ovivo Inc., H2O Innovation Inc., Hitachi Ltd.
Hyflux Ltd., Koch Membrane Systems Inc., Kurita Water Industries, Mitsubishi
Rayon Co. Ltd., Nitto Denko Corp., Pall Corporation, Pentair Inc., Suez
Environnement S.A., Toray Industries Inc., Veolia Water Solutions &
Technologies, and Xylem Inc., among others.
The research report titled
“Water and Wastewater Treatment Equipment: A Global
Strategic Business Report” announced
by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers,
acquisitions and other strategic industry activities of global companies. The
report provides market estimates and projections for all major geographic
markets such as US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain,
Russia, and Rest of Europe), Asia-Pacific (China, India and Rest of
Asia-Pacific), Middle East & Africa and Latin America (Brazil, Mexico and
Rest of Latin America). End-use market analyzed include Industrial, Municipal,
Residential, and Commercial.
Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All
Rights Reserved.
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