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Sludge Dewatering Equipment Market 2024: Innovating Wastewater Management
Sludge Dewatering Equipment Market Research
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According to The Business Research Company's, The sludge dewatering equipment market size has grown strongly in recent years. It will grow from $4.47 billion in 2023 to $4.9 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to stringent environmental regulations, population growth and urbanization, focus on water recycling and reuse, industrialization and manufacturing growth, need for sustainable waste management, rising awareness of water scarcity, focus on odor control..
The sludge dewatering equipment market size is expected to see strong growth in the next few years. It will grow to $7.05 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to circular economy practices, decentralized wastewater treatment, use of polymer flocculants, focus on energy efficiency, environmental impact assessments.. Major trends in the forecast period include adoption of advanced dewatering technologies, enhanced automation and control systems, increasing use of screw press dewatering technology, integration of internet of things (iot) for remote monitoring, emergence of innovative dewatering solutions..
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Market Drivers and Trends:
The rising health concerns over wastewater are expected to propel the growth of the sludge dewatering equipment market going forward. People are becoming more concerned about their health as a result of growing discharges of improperly treated wastewater, which can cause respiratory ailments, heart disease, and certain types of cancer. For instance, in September 2023, according to the World Health Organization, a Switzerland-based United Nations specialized organization in charge of worldwide public health monitoring, a minimum of 1.7 billion people worldwide are likely to consume feces-contaminated water in 2022. Therefore, the rising environmental and health concerns over wastewater are driving the sludge dewatering equipment market growth.
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
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Major Key Players of the Market:
Andritz AG, Alfa Laval AB, Hitachi Zosen Corporation, Mitsubishi Kakoki Kaisha Ltd., Veolia Environnement SA, GEA Group AG, Evoqua Water Technologies, Flo Trend, Phoenix Process Equipment, Gruppo Pieralisi - MAIP S. p. A., SUEZ Utilities company, HUBER SE, Keppel Seghers Belgium NV, Komline-Sanderson Corporation, Kontek Ecology Systems Inc, Veolia Water Technologies, Atara Equipment Ltd., Bilfinger Water Technologies GmbH, Dewaco Ltd., Beckart Environmental, Era Hydro-Biotech Energy, Fournier Industries, Palmetto Water Solutions, Therma-Flite, Oy Ekotuotanto, AKAR IMPEX, Shosalowe Investment, CST Wastewater Solutions, Wamgroup, BENEV Company Inc.
Sludge Dewatering Equipment Market 2024 Key Insights:
• The sludge dewatering equipment market size is expected to see strong growth in the next few years. It will grow to $7.05 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%.
• Health And Environmental Concerns Drive Growth In Sludge Dewatering Equipment Market
• Innovative Technological Advancements Enhance Sludge Dewatering Equipment Market Growth
• Europe was the largest region in the sludge dewatering equipment market in 2023
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