Water and Wastewater Treatment Equipment Market Accrues To USD 73.25 Billion by 2023 Registering A CAGR of 5.33%

GE Water & Process Technologies (U.S.), Aquatech International Corporation (U.S.), Veolia Water Technologies (France), WPL Limited (U.K.), Fluence Corporation Limited (U.S.), Napier Reid Ltd. (Canada), Calgon Carbon Corporation (U.S.), Xylem Inc. (U.S.), Kemira Oyj (Finland) and Corix Water System (Canada) are some of the prominent players at the forefront of competition in the Global Water and Wastewater Treatment Equipment Market and are profiled in MRFR Analysis.

Water and Wastewater Treatment Equipment Market - Overview
The Global Water and Wastewater Treatment Equipment Market is growing with the rapid pace; mainly due to the burgeoning beverages industry. The demand for Water and Wastewater Treatment Equipment is growing significantly, over the years. Various industries such as food & beverages, chemicals, pharmaceuticals, pulp & paper, power, metal & mining, semiconductors, textiles, and oil & gas, call for the usage of clean water and therefore drive the Market growth of Water and Wastewater Treatment Equipment.

According to a recent study report published by the Market Research Future, The global Water and Wastewater Treatment Equipment Market is booming and expected to gain further prominence over the forecast period. The Market is forecasted to demonstrate a humongous growth by 2023, surpassing its previous growth records in terms of value with a staggering CAGR during the anticipated period (2016 – 2023). The global Water and Wastewater Treatment Equipment market size was gauged at USD 51.25 Billion in 2016 and it is further projected to grow to USD 73.25 Billion by 2023 at a CAGR of 5.33% during the forecast period.

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The factors contributing growth in the market are stringent government emission regulations and increasing urbanization. The global water and wastewater treatment equipment market is expected to experience opportunities during the forecast period, owing to factors such as increasing scope for operations & maintenance, and growth in emerging economies. The growing population, technological developments, rapid urbanization, and growth in infrastructure have augmented the growth of these equipment in the emerging markets.

Amongst all technology type, the membrane separation segment is expected to grow with the highest CAGR. In waste water treatment, it is possible to remove the particles, colloids, and macromolecules with the help of membrane separation products, so that waste-water can be disinfected. The membrane separation equipment utilizes economically viable and environment-friendly treatment technologies. These membranes are prepared either from synthetic organic polymers or from inorganic materials such as ceramics and metals.

Amongst all applications, the municipal accounted for the largest market share during the forecast period. Municipalities are faced with growing populations, decrease in available fresh water supplies, and more stringent regulations. Of late, a number of cities, across the globe, are adopting drinking water treatment solutions, to help optimize resources and provide high-purity water to their residents. Rapid growth in global population in the urban areas, is leading to an increase in the demand of high quality water for drinking and for daily household usage.

The water and wastewater treatment equipment are being extensively used for obtaining clean water, which can be used for all kinds of municipal and industrial activities. Wastewater is treated by using the treatment equipment for the removal of the harmful chemicals, in order to avoid contamination of water resources. Of late, there is an increase in the usage of the effective water and wastewater treatment equipment, owing to the increasing global water stress coupled with industrial wastewater disposal in aquatic ecosystems, which has further led to a boost in the water reclamation requirements.

Water and Wastewater Treatment Equipment Market - Competitive Analysis
Well established players incorporate acquisition, collaboration, partnership, expansion, product & technology launch in order to gain competitive advantage in this market and to maintain their market position. High investments are being made by the key players of the market indicating the immense growth opportunities in the market. Also, there have been establishment of strategic business units in developing countries including China and India providing the solutions to upstream oil & gas sector.

Water and Wastewater Treatment Equipment Market - Segments
The Water and Wastewater Treatment Equipment Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Treatment Type: Comprises Membrane Separation, Disinfection, Sludge Treatment and other.
Segmentation By Application : Comprises Municipal and Industrial.
Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

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Water and Wastewater Treatment Equipment Market - Regional Analysis
Amongst all regions, Asia-Pacific region is expected to grow with the highest CAGR and accounts for the largest market share of 33.50% in 2016. In the Asia-Pacific region, developing countries such as China and India are the biggest consumers of water due to population growth and rapid industrialization. The disposal of wastewater from the industries, is driving the need for rapid adoption of water and wastewater treatment equipment. In the countries of Japan and South Korea, strict rules and regulations have been imposed by the government, which are further contributing to the growth of the market during the forecast period.

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This release was published on openPR.