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Water Treatment Technology Market Expected To Reach $192,715 Million, Analysis by Advance Technology & Top Competitors Veolia Water Technologies, Suez Environment, Schlumberger, GE Water & Process Technologies & Others

11-01-2018 08:40 PM CET | Energy & Environment

Press release from: Allied Market Research

Water Treatment Technology Market

Water Treatment Technology Market

In 2015, the water treatment technology market size was valued at $145,082 million and is expected to witness a steady growth to reach $192,715 million by 2022, expanding at a CAGR of 4.1% over the forecast period. Water treatment technology deals with the removal of impurities present in water during its use or storage and convert it into usable form. Global water treatment industry is expected to witness significant growth in the coming years, owing to the rise in awareness about water scarcity, growth in innovations in water treatment technologies, investments by key market players and government in R&D in this sector.

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Government rules for water disposal, scarcity of water, and cost of water treatment act as drivers for the development of advanced water treatment technologies inindustrial sector. Increase in urbanization and population drives the development of wastewater technologies for municipal water treatment. However, lack of essential knowledge, awareness about these technologies, and strict government norms on wastewater disposal restraint the market growth. The primitive water treatment technologies are difficult to implement in the current situation, which increases the opportunity for the development of high-end technologies in this market. Increase in water scarcity rate also provides a huge opportunity to develop cost-effective and efficient water management technology.

In 2015, the reverse osmosis segment occupied approximately 50% share of the overall marketrevenue, and is anticipated to maintain its dominance throughout the forecast period. This is due to the increase in awareness among health-conscious consumers towards the high quality and purity of reverse osmosis water.

Key findings of the study:

• Ultrafiltration segment is anticipated to grow at the fastest rate during the analysis period.

• Asia-Pacific is estimated to continue to lead the market, growing at a CAGR of 4.5%, in terms of revenue.

• Japan occupied for more than two-ninths of the total share of the Asia-Pacific bottled water market in 2015.

• Japan is estimated to grow at the highest CAGR of 4.8%, in terms of revenue.

• Pumping systems segment is expected to show a significant growth in the Asia-Pacific region.

• Corrosion & scale inhibitors segment accounted for around one-fourth of the total share in the world water treatment technology market in2015, and is projected to maintain this trend throughout the forecast period.

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North America accounted for the largest share in this market, owing to rise in investments by various organizations and governments in the improvisation of water treatment. Asia-Pacific is further expected to account for the second largest share in the global market, due to increase in population as well as innovations in water treatment technologies. This region is anticipated to register the highest growth rate during the forecast period.

Key players in the world water treatment technology market focus on acquiring local players to strengthen their market reach as well as to expand their customer base. Major companies profiled in the report include

• PepsiCo Inc.,
• Nestl Waters,
• The Coca Cola Company,
• Hangzhou Wahaha Group Co., Ltd.,
• Danone,
• Natural Waters of Viti Ltd.,
VMountain Valley Spring Company,
• Icelandic Glacial Inc., and
• Dasani.

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About Us

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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