The report presented by Mordor Intelligence consists of a detailed account of the Global Water and Wastewater Treatment Technologies Market. The report elucidates the situation of Water treatment technologies around the world and studies the various technologies which include Oil/water separation, Suspended solids removal, Dissolved solids removal, Biological Treatment/Nutrient & Metals Recovery and Disinfection/Oxidation and others.
The Global Water and Wastewater Treatment Equipment Market has been estimated at USD 38 billion in 2015 and is projected to reach USD 54 billion by 2020. The market is growing at a CAGR of 7.4% during the forecast period from 2015 to 2020. According to FAO, the wastewater treatment equipment industry accounts for two thirds of all non-agricultural water withdrawals worldwide. Over 75% of this share is used in once-through cooling systems and does not require a high level of treatment. These processes require treatment technologies that will achieve the necessary water quality and remove contaminants from wastewater to comply with regulations on discharge.
The report elucidates the situation of water treatment technologies around the world and studies the various technologies, which include oil/water separation, dissolved solids removal, suspended solids removal, biological treatment & recovery and disinfection & oxidation among others.
The study is divided by geography - North Americas, Europe, Asia-Pacific (APAC), South America and Middle-East & Africa (MEA). The various industries of water treatment technologies have been discussed in detail in addition to a comprehensive overview of the market; where in the market share of each is analyzed and estimates are provided for the next five years.
The market segmentation based on various industries is discussed. Segments include, but not limited to Petrochemicals & Refining, Oil & Gas, Pulp & Paper, Mining & Metal Processing, Power Generation, Pharmaceuticals, Agriculture and Others.
Companies dominating this market for its products, services and continuous product developments are Aquatech, Dow Water & Process Solutions, Cameron, Ch2m Hill, Mott Macdonald, Siemens Water Solutions, Schlumberger, Suez Environment, Tetra Tech Inc., Veolia Water Technologies and Evoqua Water Technologies among various others.
There are many drivers for Water treatment technologies market the major one being the stringent government emission laws which allows the wastewater (sludge) from chemical plants and factories to be treated to an acceptable level, thereby increasing the use of Water treatment technologies. Economic development along with fast-paced urbanization especially in emerging countries is spurring this need for efficient water management solutions.
Lack of Awareness is one of the main challenges for this market, hence, creating awareness is the first step towards companies and utilities working together to implement solutions that will drive down costs and improve both efficiency and water quality. Funding for capital improvement projects - More than 40 percent of non-utility respondents believe the water industry is not prepared to meet financial needs.
R&D within water technology, a lot of 21st century chemistry, including pesticides, herbicides and pharma products in use today simply can't be treated or removed with 19th century filtration technology. We need to pair 21st century solutions with these emerging challenges.
Reducing intermediary channels will bring the supplier closer to end users, thereby shortening the value chain which will allow suppliers to act as one-stop solution providers, and decreasing costs.
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