Water Treatment Equipment Market Size at a CAGR of 6% by 2022 with Market Key Players - Veolia Environment SA, Hyflux Ltd., Xylem Inc., Pentair PLC, Degremont Group, GE Power, and VA Tech Wabag

Water Treatment Equipment Market Size and Growth Rate:

The Size of the Water Treatment Equipment Market is projected to garner 87,861 million USD by 2022, registering a CAGR of 6.0% during the forecast period 2016‐2022. Water constitutes an essential part of community well-being.

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Water Treatment Equipment Market Growth Drivers and Restraints:

Growing demand for water treatment systems is increasing rapidly in the residential sector. The industrial and commercial sectors employ a high amount of water for different purposes and thus require water treatment systems. Moreover, the residential sector contributes significantly driving the majority of the global market, as drinking water is the key preference for the population. The poverty of sufficient potable water in the domestic sector is pushing the market for water treatment systems. This can be attributed to growing water pollution levels, rising health awareness, and increasing urban population. Strict government regulations to curb water contamination are also expected to boost growth over the forecast period.

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Water Treatment Equipment Market Geographical Segmentation:

Geographically, the global water treatment systems market has been segmented into regions of North America, Europe, Asia Pacific, and Rest of the World. In improved economies in North America and Europe, stringent regulations regarding water treatment have been expected in the coming years. Additionally, the demand for water treatment systems is expected to surge phenomenally across the Asia Pacific between 2016 and 2024, owing to the rapid industrialization and ensuing water pollution. Governments in Asia Pacific countries are focusing on creating awareness about water treatment systems with a growing water crisis in the region. The European market contains of larger countries like Germany, Italy, UK, Russia, Spain, and others. Europe was the other largest geographical market, in terms of income, with a share of more than 26.0% during 2016.

The Asia Pacific is estimated to lead the global market over the forecast period. Economic performance is projected to rally in China in the coming years with large-scale investments in technology and research.

Key Players of the Water Treatment Equipment Market:

Some of the key players Veolia Environment SA, Hyflux Ltd., Xylem Inc., Pentair PLC, Degremont Group, GE Power, and VA Tech Wabag are the prominent companies who have adopted several key business strategies to increase their market share in global water treatment equipment market.
Xylem Inc. and Degremont Group have primarily adopted acquisition as a strategy that helped it to expand its geographic reach and distribute its products in Mexico, Central America, the Midwestern United States and Canada, and product launch in order to gain a competitive advantage in this market

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