Global Water Treatment Technology Market is estimated to reach $216.9 Billion by 2024; growing at a CAGR of 4.7% from 2016 to 2024. Water treatment is a process of making water portable enough for human consumption or for industrial use. It removes chemical compounds, biological contaminants, and organic and inorganic compounds from water. A basic water treatment involves chemical, physical and biological processes to remove the contaminants. The required treatment may depend on the application. Moreover, the treatment also depends on the size and severity of contamination and must ensure compliance with national or international regulations. Additionally, technological innovations have led to the development of modern devices and techniques that can be used for determining the presence and level of harmful chemicals and microorganisms in water.
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The global water treatment technology market is driven by factors such as rising demand for water, rapid urbanization and industrialization, and government initiatives to setup advanced water treatment plants. However, high cost of setting up a treatment plant would hamper the market growth. Additionally, rising budgets to modernize the treatment plants, and depleting ground water could create market opportunities in years to come.
The global water treatment technology market is bifurcated as chemicals, pumping system, and membrane system. Chemicals are segmented into coagulants and flocculants, corrosion and scale inhibitors, activated carbon, anti-foamants and defoamers, biocides, and others. Pumping system is categorized into pumps, valves & controls, and automation systems. Furthermore, by membrane system type, the market is sub-segmented into electrodialysis, reverse osmosis, microfiltration, ultrafiltration, and gas separation & others.
By geography, the market has been bifurcated into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Canada, and Mexico are covered under North America wherein Europe covers UK, Germany, and others. Asia-Pacific covers China, Japan, and others. RoW covers South America, Middle East, and Africa.
Key players include KSB Co., Akzo Nobel N.V., Buckman Laboratories International Inc., Solvay SA, BASF, Ashland Hercules, KITZ Corp., Kirloskar Ebara, GE Water and Process Technologies, and The Dow Chemical Company, among others.
The key takeaways from the report:
The report will provide a detailed analysis of Global Water Treatment Technology Market with respect to major segments such as chemicals, pumping system, and membrane system
The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Water Treatment Technology Market from 2015 to 2024 has been included in the report
Profile of the key players in the Global Water Treatment Technology Market will be provided, which include key financials, product & services, new developments and business strategies
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Scope of the Global Water Treatment Technology Market:
Coagulants and Flocculants
Corrosion and Scale Inhibitors
Anti-Foamants And Defoamers
Pumping System Segment
Valves & Controls
Membrane System Segment
Gas Separation & Others
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