October 26, 2021 06:30 US Eastern Time | Source: Quince Market Insights Quince Market Insights
Pune, India, October 26, 2021 (GLOBE NEWSWIRE) - The global water and wastewater treatment equipment market in 2021 is estimated to be 26.254.5 billion U.S. dollars and is expected to grow at a CAGR of 4.2% during the forecast period (2021- 2030).
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In the wastewater treatment process, special techniques are used to remove organics and other impurities from industrial wastewater. In food processing plants, chemical plants, pharmaceutical companies and other facilities, use appropriate equipment to make wastewater safe and clean so that it can be re-discharged into the environment. In developing countries, water shortages have refocused attention on desalination technologies that remove pollutants. The market is expected to be driven by the surge in demand for these facilities and equipment, as well as the growth of the oil and gas industry and the pharmaceutical industry.
The continuous growth of the world’s population and the limited availability of fresh water resources have prompted the development of various technologies to meet the global demand for clean water. The technology created is mainly used to make most of the available water resources available. Due to these circumstances, water and wastewater treatment equipment manufacturers are studying alternative water sources, such as desalinated water and reused water. Therefore, the prospects for manufacturers of water and sewage treatment equipment on the market may improve.
Although water treatment has many benefits, the cost of installing water and wastewater treatment equipment is high. In the water and sewage treatment equipment market, the high cost of equipment and its operation is a limiting factor for market growth. For example, chemical treatment with chlorine requires large amounts of water to be treated. In developing countries, such infrastructure and equipment are scarce, which is also a factor restricting market growth.
Global water and wastewater treatment equipment market, classified by equipment
Water and wastewater treatment equipment is divided into membrane separation, disinfection, biological, sludge treatment, etc. according to the equipment. Membrane separation dominates the market and accounts for the largest portion of revenue. Membrane separation has many advantages over other technologies, including small footprint and high filtration efficiency. Therefore, the market is expected to expand substantially.
Global water and wastewater treatment equipment market, by process
According to the process, the water and wastewater treatment equipment market is divided into primary treatment, secondary treatment and tertiary treatment. The tertiary treatment process is the leading part and is expected to grow at the fastest rate throughout the forecast period. Tertiary treatment can improve the quality of wastewater before it is reused or discharged into the environment. This process removes the residual inorganic chemicals and compounds, viruses, bacteria and parasites in the secondary treatment process, thereby producing water that can be reused. Therefore, the increased demand for tertiary treatment processes is attributed to the growth of this market segment.
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Global water and wastewater treatment equipment market, by product type
According to product types, the water and wastewater treatment equipment market is divided into filtration, adsorption, desalination, disinfection, and testing. It is expected that within the expected time frame, the desalination portion of the water and wastewater treatment equipment market will grow at the fastest rate. Water, wastewater and brine can all be treated by water and wastewater treatment technology. In many arid regions of the world, the shortage of fresh water and the need for new water supplies have become critical and will become even more important in the future. Many sea ships and submarines use seawater desalination. Most of the current interest in desalination is focused on providing cost-effective fresh water for human consumption. Therefore, due to these factors, the desalination sector is expected to grow during the forecast period.
Global water and wastewater treatment equipment market, by application
According to the application, the water and wastewater treatment equipment market is divided into industrial and municipal. During the forecast period, the industrial application category is expected to grow at the fastest rate. This field covers a wide range of businesses that can use fresh water and processed water. The increasing demand for fresh and processed water is the result of rapid industrialization, technological progress, and an increasing number of manufacturing units. Therefore, these factors are expected to increase the penetration rate of products in the industrial field. Global water and wastewater treatment equipment market, by region
Divided by region, water and sewage treatment equipment is divided into North America, Europe, Asia Pacific, Middle East and Africa, and South America. The Asia-Pacific region dominates the water and wastewater treatment equipment market. The increase in investment in the wastewater management industry, coupled with the rapid growth of the manufacturing industry, is expected to drive market growth. In addition, the growing residential sector in the region may increase the product penetration rate of municipal wastewater treatment plants.
Some notable developments considered in the report:
The impact of COVID-19 on the global water and wastewater treatment equipment market
The QMI team pays close attention to the impact of COVID-19 on the global water and wastewater treatment equipment market, and has observed the serious impact of the COVID-19 outbreak. The COVID-19 pandemic has had a significant impact on the global economy, but it has adversely affected the water and wastewater treatment equipment market. The end user industry is responsible for market expansion. The effective operation capacity of the sewage treatment industry depends on the ability of the industry to operate continuously. The pandemic has reduced the investment rate of the water industry. As various companies stop or postpone their normal production work, the production sector and investment rate are slowing down, which has a major negative impact on the water treatment sector.
Some key findings of the global water and wastewater treatment equipment market include:
Browse the key industry insights in the report, "Global water and wastewater treatment equipment market, by type (membrane separation, biological, sludge dewatering, desalination, testing, disinfection, filtration), by process (primary, secondary, tertiary) , By application (municipal, industrial), by region (North America, Eastern Europe, Western Europe, Asia Pacific, Middle East, other parts of the world)-market size and forecast (2021-2030)", in-depth analysis and catalog (ToC). Buy the full report now @ https://www.quincemarketinsights.com/insight/buy-now/global-water-and-wastewater-treatment-equipment-market/single_user_license
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