Water plays a prominent role in every living and non-living organism. The purity of water makes a lot of difference in health issues. Many industries utilize water for many purposes like power generation, manufacturing and so on. The rise in the increase in water treatment has resulted in less usage of water. Refining of water has resulted in avoiding many hazardous diseases and improving the functioning of machines and better product output. When pre-treatment is given to water many infectious organisms are removed and wasted water can be improved.
According to the market research analysts at Research Cosmos, the size of the Global Water Treatment Equipment Market expected to garner $87,861 million by 2022 registering a decent CAGR.
The large space of the market is taken over by municipal water treatment. Government has been promoting people by availing them with the distilled water but the people are less aware and reluctant to adopt such practices but industrial markets are encouraging the market to grow. This intern help the household people in installing separate purifiers but this installation of separate purifiers would help the market to grow. The Water Treatment Equipment Market is witnessing increased demand to save water by recycling and stringent regulations worldwide.
The desalination process is projected to grow at the highest CAGR during the forecast period. As freshwater availability has been decreased the government has taken the initiative to desalinate the seawater so as to provide the required quantity. In Middle East region thermal distillation has a high market as a there is a necessity for more energy than the required amount. Developed countries in Europe and North America have adopted Ionization and UV equipment for their municipal sectors, whereas the market share of these technologies is low in Asia Pacific and other developing regions.
Main market holders are in the Asia Pacific, North America, Western Europe, Central, and Eastern Europe, the Middle East and Africa, and South America. The main factors drawing the market growth are prices and quality of products, product portfolios, after sale services, and customized solutions, which in turn, make competition more tuff. The major factors restraining the growth of the water and wastewater treatment equipment market across the globe are the high installation, equipment, and operational costs.
Some of the key players operating in the global market are Veolia, SUEZ, Xylem, Dow Water & Process Solutions, Evoqua Water Technologies, Aquatech International, Ecolab, 3M, and Pentair.
