Water Treatment System Market Outlook and Key Findings
The global water treatment system market is projected to value around US$ 112 Bn in 2030. The water treatment segment is to witness rising momentum in the coming years. Adoption in the desalination process to surge through 2030. Municipality spaces offer lucrative investment opportunities. North America and Europe currently lead the global adoption. According to the report, several key drivers are expected to fuel the growth of the global water treatment market during the forecast period. The notable driving forces include growing awareness of the hazardous effects of impure water consumption, the steady surge in demand for freshwater, adoption of water treatment systems, and demand for quality water from the domestic and industrial sectors.
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The increase in the adoption of new technologies along with focus on R&D will play an instrumental role in shaping the overall growth of the water treatment market in 2019 and the coming years. Further, established players operating in the water treatment market are likely to increase investments in R&D activities, focus on the development of innovative water treatment systems, and offer cost-effective solutions.
In addition, existing players pushing for product innovation, collaborations with EPC companies and local municipalities, development of patented technologies and high capacity treatment systems are likely to gain a competitive edge in the current industry landscape.
Water Treatment System Market Future Outlook – COVID-19 to Highlight the Significance of Wastewater Analysis
Wastewater analysis is emerging as a crucial way to examine community transmission of COVID-19. While polluted, unprocessed wastewater does not pose a contagion risk, it provides a medium of propelling infection rates in societies and a potential early-warning system for new disease outbreaks.
Case in point, in the Netherlands, evidence of coronavirus was monitored in untreated wastewater six days before the first case was registered. Japan has already started to gather weekly specimens from treated and untreated sewage. Specimens from 15 sewage treatment facilities will be frozen and accumulated until techniques to extract and analyze the coronavirus come into existence.
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By Segmentation:
By System Type
Preliminary Treatment, Water Treatment, Membrane Bio-Reactor (MBR), Reverse Osmosis (RO), Micro-Filtration (MF), Nano/Ultra Filtration (NF/UF), Disinfectants (UV, Ozone), Sludge treatment, Activated Sludge, Sludge Thickening & Dewatering, Sludge Drying, Other Sludge Treatment Technology,
By Application
Process Water/ Water Treatment, Waste Water Treatment, Zero Liquid Discharge, Desalination,
By End-Use
Residential Buildings, Commercial Buildings, Municipality, Industrial, Chemical & Petrochemicals, Oil & Gas, Mining & Metals, Food & Beverage, Pharmaceuticals, Thermoelectric Power Plants, Semiconductors, Pulp & Paper, Sugar Mills, Textiles, Leather,
By Region
North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East, Africa.