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, steady surge in demand for fresh water, adoption of water treatment systems, and demand for quality water from the domestic and industrial sector.
Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5332
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.
East Asia Emerges as a Promising Region for Market Growth
In the current scenario, North America and MEA are expected to dominate the global water treatment market in terms of market share. However, the report suggests that the market in East Asia will witness a commendable growth through the forecast period 2019-2029. Currently, the market value of the water treatment market in East Asia is ~$10,065.6 million and expected to reach $24,376.9 million by the end of 2029 growing at a CAGR of around 9.2% throughout the forecast period. The growth is projected to be primarily driven by focus on enhancing water quality and striking a balance between the demand and supply ratio.
Furthermore, the Japan of recent Asian countries such as China, South Korea, and have shown a steady growth in years. Macro-economic parameters including rapid urbanization, growing population, and investment patterns have boosted positive investments in the housing and municipality projects in the region. Other factors such as lack of quality water treatment infrastructure and growing water scarcity have led to a noteworthy increase in the spending to upgrade water treatment facilities in the region.
Ask An Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-5332
Evolving Government Regulations Expected to Shape the Future of Water Treatment
According to the FMI report, in the current scenario, the high demand for chemical-free water is projected to be a key driver of the global water treatment market. Government regulations revolving around water treatment policies are expected to focus on the impact of untreated water on the environment. The evolving government regulations has encouraged market players to focus on the development of eco-friendly water with innovation and adoption of new technologies.
According to the FMI analyst, “The growing demand and focus on chemical-free water has certainly opened up new opportunities for the existing market players. Further, the demand for environment-friendly water will lead to an increase in process water treatment systems in the forecast period.”
In 2019, by application, process water treatment had a high value share of around 47.9% followed by waste water treatment (30.5%). Further, the trend is anticipated to continue throughout the forecast period 2019-2029 primarily driven due to the stringent government regulations.
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
- Process Water/ Water Treatment
- Waste Water Treatment
- Zero Liquid Discharge
By End Use
- Residential Buildings
- Commercial Buildings
- Chemical & Petrochemicals
- Oil & Gas
- Mining & Metals
- Food & Beverage
- Thermoelectric Power Plants
- Pulp & Paper
- Sugar Mills
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Middle East
Buy Complete Report @ https://www.futuremarketinsights.com/checkout/5332
Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: [email protected]
For Media Enquiries: [email protected]