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Water Circulation Management Market Report 2022: Industry Insights, Growth, Developments and Forecast to 2030
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COVID-19 Impact on the Global Water Circulation Management Market
The impact of COVID-19 on the market was significant. The manufacturing units, facilities, and major end-users closed during the global lockdown, and their operations were halted. Thus, the demand for the market decreased drastically during the pandemic. However, the water circulation management market witnessed a steady growth in managing water circulation in hospitals and isolation facilities. Further, with ease in COVID-19 guidelines and operations were resumed, the demand for the market increased to manage water circulation in a shortage of laborers.
Scope of the Global Water Circulation Management Market
The study categorizes the water circulation management market based on product type, component, and end-use industries at the regional and global levels.
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By Product Type Outlook (Sales, USD Million, 2017-2030)
Water Treatment Management
Water Utility Monitoring Device
Water Disposal Management
By Component Outlook (Sales, USD Million, 2017-2030)
Services
Hardware
Software
By End-User Industries Outlook (Sales, USD Million, 2017-2030)
Healthcare
Pharmaceutical
Sugar Mills and Refineries
Textile Manufacturing
Pulp and Paper Mills
Oil and Gas
Automotive and Aircraft Industries
Food and Beverage
Others
Vehicle Wash Industry
AgricultureHoisting
By Region Outlook (Sales, USD Million, 2017-2030)
North America
US
Canada
Mexico
Europe
Germany
Italy
France
UK
Spain
Poland
Russia
Slovenia
Slovakia
the Netherlands
Belgium
Norway
Denmark
Czech Republic
Sweden
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Indonesia
Malaysia
Thailand
Vietnam
The Philippines
Singapore
Australia & New Zealand
Rest of Asia Pacific
South America
Brazil
Argentina
Colombia
Rest of South America
The Middle East & Africa
Saudi Arabia
UAE
South Africa
Northern Africa
Rest of MEA
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The textile segment accounts for the largest market share by end-user industries
On the basis of end-user industries, the water circulation management market is segmented into healthcare, pharmaceutical, sugar mills and refineries, textile manufacturing, pulp, and paper mills, oil and gas, automotive and aircraft industries, food and beverage, others (vehicle wash industry, agriculture). The textile manufacturing industry is major water utilizing industry. For instance, according to the Water Footprint Network, in conjunction with the United Nations Educational, Scientific, and Cultural Organization (UNESCO) IHE Institute for Water Education, manufacturing a single pair of jeans requires about 2,866 gallons of water. This water is primarily used in wet processing, as well as in the fabric dyeing process. Hence, water circulation management is vital to managing whole operations. Such factors are driving the market's growth in upcoming years across the globe.
Asia Pacific accounts for the highest CAGR during the forecast period
On the basis of geography, the water circulation management market is classified as North America, Latin America, Europe, Asia Pacific, and MEA. Among these regions, Asia-Pacific region is estimated to showcase the highest CAGR growth in forthcoming years. Factors such as growing industrialization and global business expansion of major market players in this region will create a lucrative growth opportunity in the market. Further, the new entrants may grab the opportunity due to the availability of required resources in the region. This, in turn, accelerates the market's growth in forthcoming years.
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Key Market Players in the Global Water Circulation Management Market
The water circulation management market is concentrated in nature due to the presence of various major market players operating in the market such as:
DuPont
Suez
Thermax Limited
NORTA MIT
Enware Australia Pty Ltd
Chetu Inc
Veolia
Aquatech International LLC
Hindustan Dorr-Oliver Ltd
Hitachi,Ltd
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