Water Treatment Technology Market Overview:
In 2015, the water treatment market size was valued at $145,082 million and is expected to witness a steady growth to reach $192,715 million by 2022, expanding at a CAGR of 4.1% over the forecast period. Water treatment technology deals with the removal of impurities present in water during its use or storage and convert it into usable form. Global water treatment industry is expected to witness significant growth in the coming years, owing to the rise in awareness about water scarcity, growth in innovations in water treatment technologies, investments by key market players and government in R&D in this sector.
Water resources are depleting vigorously, which in return provides wide scope for the water treatment industry to flourish. Stringent government regulations over industrial and municipal waste water disposal drive growth of water treatment market in the recycle and reuse procedures. Although water is the prime necessity, the cost of water also matters which ultimately gives rise to demand for cost-effective water treatment technologies. However, the growing population has a huge impact on this market. Rise in population and urbanization results in generation of massive amount of waste water, which is recyclable; hence, the water treatment technology can convert maximum amount of this waste water into usable form, thus driving the market growth. Collectively, the impact of these factors is expected to increase significantly with the increase in awareness about the use of clean water and water recycling to cope with the depleting water resources. Major restrains for water treatment market include high cost of equipment and lack of expertise in this sector. However, these restrains are expected to reduce with the technological advancements and vigorous R&D in this sector, thus developing highly efficient and low-cost water treatment technologies in the market.
Global Water Treatment industry - Top Impacting Factors
R&D activities in water treatment technology sector
R&D in water treatment technology is currently on a rise. Increase in these activities has resulted in the introduction of numerous new technologies in this market. This in turn increases the efficiency of water treatment technology, delivering more quality products in the market.
Growth in demand for recycle and reuse water technologies
The market is growing at a rapid rate owing to depleting water resources and rising waste water generation. The waste water generated can be recycled and reused for various purposes. Rise in awareness of reuse of water results in the introduction of highly efficient technologies to utilize the available waste water. Furthermore, the current capacity of available water recycling units is lower than the amount of waste water generated, thus providing ample of opportunity for this market.
TOP IMPACTING FACTORS
The water treatment industry is segmented on the basis of pumping systems, chemical, membrane systems, and geography. Based on the pumping systems, it is divided into pumps, valves & controls, and automation systems. In 2015, the valves & controls segment held the largest market share and is expected to maintain this trend during the forecast period.
GLOBAL VALVES & CONTROLS MARKET, Y-O-Y GROWTH (%), 2015-2022
On the basis of chemicals, the water treatment industry is divided into coagulants & flocculants, antifoamants & defoamants, corrosion & scale inhibitors, activated carbon, biocides, and others. The corrosion & scale inhibitors segment dominates the water treatment chemicals market. The membrane system market is further classified into reverse osmosis, ultrafiltration, microfiltration, electro-filtration, gas separation, and others. The reverse osmosis segment leads the market. Geographically, the market is segmented into North-America, Europe, Asia-Pacific, and LAMEA.
Top Winning Strategies
The winning strategies described ahead are obtained by analysis performed on company profiles of key players in the water treatment industry. The data obtained through press releases by the companies has limited scope to publicly available information. The key strategies tracked from the recent developments of the companies in this industry include:
Product launch: Water treatment technology with advanced technologies providing high efficiency in water treatment was introduced in the market.
Merger & Acquisition: Key players have signed merger agreements with other companies that deal in water treatment technologies to strengthen their consumer base and enhance their products.
Agreement and partnership: Hey players are signing partnership contracts for a particular time span to provide their services and to capture major market share and compete with other players.
Business expansion: Leading companies also adopt business expansion strategy to expand their consumer base globally.
Top Winning Strategies
Water treatment industry outlook - Top investment pockets
Currently, the market size of valves & controls is high with exceptionally good growth rate. Valves & controls provide sophistication to the process, which is another prime concern of water treatment process. Thus, with the increase in demand for pumping systems and water treatment equipment, the demand for valves & controls also is also expected to escalate. Hence, this segment is one of the lucrative targets for investment. The pumps and valves sectors are closely related with each other in terms of applications. Thus, there is a huge scope for investment in pumps sector in the future. With the increasing sophistication, the water treatment market also demands for efficient automation systems to elevate the efficiency level of the equipment. The automation system market is currently small, but its high attractiveness gives it a wide scope for growth ahead.
Top investment pockets
The key players operating in the market include Veolia Water Technologies, Suez Environment, Schlumberger, GE Water & Process Technologies, Evoqua Water Technologies, Dow Water & Process Solutions, Aquatech, Aecom, and Ashland Inc.
Other players involved in the manufacture and supply of water treatment technologies include (not profiled in this report) The 3M Company, Calgon Carbon Corporation, Danaher Corporation, Best Water Technology AG, Honeywell International Inc., Pentair Inc., Ashland Hercules, Flowserve Corporation, Nalco, Grundfos, ITT Corporation, Emerson, Dresser, KITZ Corporation, Kirloskar Ebara, and Kemira.
- Water treatment market trends with comprehensive analysis of factors that drive and restrict the growth are provided, which gives the scenario of the technologies to be introduced in the future.
- The global water treatment market report provides the quantitative analysis of the current market and future estimations through 2014‐2022, which assist in identifying the prevailing opportunities for the upcoming products.
- Key players are profiled and their strategies are analyzed thoroughly, which helps in understanding the competitive outlook of the global market.
- Water treatment industry study include exhaustive analysis on the basis of composition and technology helps in understanding the precise type of technology to be developed for application on specific composition of water to be treated and which would gain prominence in future.
- An in-depth analysis of current research in Water treatment industry growth is provided with market dynamic factors to understand the behavior of the market.
WATER TREATMENT TECHNOLOGY KEY MARKET SEGMENTS
BY PUMPING SYSTEM
- Valves & Controls
- Automation Systems
- Coagulants & Flocculants
- Antifoamants & Defoamers
- Corrosion & Scale Inhibitors
- Activated Carbon
BY MEMBRANE SYSTEM
- Reverse Osmosis
- Gas Separation
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East