The Packaged water treatment system market is anticipated to witness substantial growth over the forecast period, owing to the increasing demand for freshwater due to the growing population, urbanization, and development. In addition, stringent Governing and Sustainability Mandates Regarding the Environment are further contributing to market growth.
Rising urbanization and rapidly growing population are expected to fuel the market demand in the near future. The demand for drinkable water is witnessing an exponential increase every year, with a rising population and pollution levels. Rivers and lakes that have conventionally been sources of drinking water for people are also being affected by alarming levels of pollution.
Water drawn from any source needs to be purified before drinking to avoid contracting diseases such as cholera and giardiasis. Water treatment systems play an important role in safeguarding human life from such illnesses .while growing health awareness in most regions is also help to enhance market growth over the forecast period.
“The Packaged Water Treatment System Market was valued at USD 18.3 billion in 2018 and it is expected to reach more than USD xx billion by 2027, likely to grow with the CAGR of 8.2% during the forecast period.”
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The municipal wastewater treatment segment is expected to witness significant growth during the forecast period. Municipal wastewater treatment is used in various cities and towns by housing estates and domestic & public service enterprises. The volume of wastewater generation has increased rapidly due to the growing population and urbanization in most parts of the world. To make reuse of wastewater and fulfill the water needs of the urban as well as the rural population, municipal wastewater treatment is being utilized globally.
While the extended aeration and reverse osmosis segments contributed a major share to the global packaged water & wastewater treatment. Relatively lower initial costs and investments involved in installation the extended aeration is expected to be the fastest-growing application segment of the Packaged Water Treatment System market. It is followed by reverse osmosis.
The Middle East & Africa is expected to be the fastest-growing market for the packaged water treatment system. Increasing demand for freshwater by industries and the high-quality living standards of the Middle East region and lack of surface/underground freshwater sources makes it imperative to reclaim wastewater. To meet the need for freshwater, packaged wastewater treatment is used to treat wastewater and make water available for reuse. However, advancement in technology with the growing population and urbanization and rising health awareness in the Asia Pacific region lead to significant growth in the region.
North America expected to have the largest market share in the packaged water treatment system market. Global multinationals dominate the industry and are majorly concentrated in North America and Europe. The top manufacturers cover over 70.0% of the global market share, with U.S. and China accounting for substantial export volumes.
Some of the Key Players in the global packaged water treatment system market include Veolia Water Technologies (France), RWL Water (U.S.), Westech Engineering Inc. (U.S.), GE Water & Process Technologies (U.S.), Smith & Loveless Inc. (U.S.), Napier-Reid Ltd. (Canada), WPL International (U.K.), Enviroquip (U.S.), CST Wastewater Solutions Inc. (Australia), and Corix Water Systems (Canada).
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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