Int'l : +1-503-894-6022 | Toll Free : +1-800-792-5285 | help@alliedmarketresearch.com
A07053 | Pages: 246 | Charts: 56 | Tables: 122 |
The Global Mobile Water Treatment Market size was valued at $3.9 billion in 2021, and is projected to reach $9.5 billion by 2031, growing at a CAGR of 9.4% from 2022 to 2031. Mobile water treatment includes the treatment of decontaminated surface water or groundwater using portable water treatment plants. A mobile water treatment plant is easily transportable, installable, and comes in a plug-and-play form.
The availability of decontaminated water is among the top priorities for many industries, such as pharmaceutical, food & beverage, cosmetics, and chemicals, as their production process requires large volumes of water. Otherwise, decontaminated water can degrade the quality of the product or completely ruin the production process. Thus, these facilities use water treatment plants to decontaminate the process water. A mobile water treatment plant is typically used in the case when an existing water treatment plant fails in a facility, and also when an industrial facility is expanding its operations. Furthermore, owing to its easy transportability, installation, and requirement of less space, a mobile water treatment plant becomes a suitable choice for smaller manufacturing facilities facing capital insufficiency. In addition, mobile water treatment plants are also used to treat water in flood and similar natural calamity-affected areas.
The rising global urbanization and increasing population are fueling the growth of industries, including food & beverage, pharmaceutical, chemical, textile, petrochemicals, and others. Furthermore, the increasing demand for food products is also boosting the agricultural sector. These industries require significant volumes of water in their production processes. The increasing purchasing power of people is increasing the demand for products such as paper, clothes, fuel, electricity, and more. According to the U.S. Department of Energy, 1.5 barrels of water is required to refine 1 barrel of crude oil in a typical refinery. Such vast usage of water in various industries creates a demand for water treatment plants, including portable ones. Hence, the growth of industries has positively influenced the mobile water treatment market.
[APPLICATIONGRAPH]
In addition, major businesses in the mobile water treatment market offer a wide range of products and services to meet customers’ needs. They constantly innovate their offerings and expand their business by employing development strategies such as joint ventures and business expansion. For instance, in June 2021, Aquatech International, a provider of water technology and services, formed a joint venture known as AQUIOS with Upwell Water, a leading technology-enabled water asset company. The joint venture aims to offer leasing and rental services of mobile and decentralized water treatment plants. Moreover, other businesses in this market are expanding their global reach to gain a larger share of the market.
[SERVICESGRAPH]
On the basis of services, the market is categorized into rental and lease. Out of these, the rental segment accounted for the highest market share in 2021, owing to the increasing number of small-scale industries.
The novel coronavirus rapidly spread across various countries and regions, causing an enormous impact on the lives of people and the overall community. It began as a human health condition and later became a significant threat to global trade, economy, and finance. The COVID-19 pandemic halted the production of many components in the mobile water treatment market due to the lockdown. The economic slowdown initially resulted in reduced spending on mobile water treatment equipment by end users. However, the severity of the COVID-19 pandemic has significantly reduced owing to the introduction of various vaccines. This has led to the full-fledged reopening of businesses in the mobile water treatment market at their full-scale capacities. Furthermore, it has been more than two years since the outbreak of this pandemic, and many companies have already shown notable signs of recovery.
Furthermore, countries across the world are investing in water treatment infrastructure due to rise in concerns about the depletion of fresh water. This is anticipated to positively affect the mobile water treatment market growth.
[ENDUSERGRAPH]
The market is bifurcated into industrial and non industrial segments. The industrial segment registered a higher revenue in 2021, owing to the vast usability of mobile water treatment plants in the industries.
The mobile water treatment market is segmented on the basis of services, technology, end user, and region. On the basis of services, the market is bifurcated into rental and lease. On the basis of technology, the market is categorized into microfiltration, ultrafiltration, reverse osmosis, softening, disinfection, and others. On the basis of the end user, it is bifurcated into industrial and non-industrial.
[REGIONGRAPH]
The mobile water treatment market share is analyzed across North America, Europe, the Asia-Pacific, and LAMEA. Europe dominated the market in 2021, accounting for the highest share, whereas, Asia-Pacific is anticipated to expand at a high CAGR during the forecast period, attributed to the rapid economic growth of the region.
Key companies profiled in the mobile water treatment market report include Aquatech International LLC., Danaher Corporation (Pall Corporation), Ecolab Inc. (Nalco Water), Evoqua Water Technologies Corp., Filtra Systems, General Electric Company, Lenntech B.V., Proxa Mobile, Veolia Environnement, and WesTech Engineering, LLC.
Key Market Segments
Key Market Players