The water and wastewater treatment equipment market is rising pervasively. The market growth attributes to the rapidly spreading awareness for clean and drinkable water. Besides, increasing technological advances drive the growth of the market, improving wastewater management solutions and water treatment equipment manufacturing techniques. Moreover, stringent government wastewater management regulations and increasing urbanization escalate market growth.
According to Market Research Future (MRFR), the global water and wastewater treatment equipment market is projected to reach USD 73.25 BN by 2023, growing at 5.33% CAGR throughout the review period (2017-2023). Rising adoption of industrial wastewater treatment technologies in water treatment plant equipment boosts the growth of the market. Also, substantial R&D investments in the development of equipment used in wastewater treatment plants influence market growth.
Additionally, the spurring rise in industries such as food & beverages, chemicals, pharmaceuticals, pulp & paper, power, metal & mining, semiconductors, textiles, and oil & gas increases market size, demanding clean and safe drinking water. Water & wastewater treatment equipment promotes a healthy environment, responding to clean water requirements for industrial usages. Moreover, government initiatives aiming at wastewater management act as a dominant tailwind for the market growth.
Conversely, aging sewerage management infrastructure and outdated wastewater treatment systems are significant factors projected to impede the market growth. Also, high investments required for establishing wastewater treatment plant challenge the growth of the market. Nevertheless, rising usages of efficient water and wastewater treatment equipment due to the increasing global water stress and industrial wastewater disposal in aquatic ecosystems would support market growth.
Water and Wastewater Treatment Equipment Market – Segmentation
The global water and wastewater treatment equipment market is segmented into 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Treatment Type: Comprises Membrane Separation, Disinfection, Sludge treatment and Others
Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Major Players:
Players leading the water & wastewater treatment equipment market include Aquatech International Corporation (US), GE Water & Process Technologies (US), Veolia Water Technologies (France), Fluence Corporation Limited (US), WPL Limited (UK), Napier Reid Ltd. (Canada), Xylem Inc. (US), Calgon Carbon Corporation (US), Kemira Oyj (Finland) and Corix Water System (Canada), and others.
Industry/ Innovation/ Related News:
October 06, 2020 ---- In-Situ Inc. (the US), a leading global provider of accurate & reliable water level instrumentation, announced the acquisition of a UK-based manufacturer of drinking water & wastewater measurement equipment - Partech (Electronics) Ltd. In-Situ is a leader in the design and manufacture of superior environmental water monitoring equipment and software.
The acquisition would expand In-Situ's water & wastewater business and enhance the capabilities of both companies to develop high-quality monitoring equipment. Further, the addition would enable these companies to provide outstanding service to an international customer base.
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