Portland, OR -- (SBWire) -- 02/23/2018 --The water treatment technology 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.
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In 2015, the reverse osmosis segment occupied approximately 50% share of the overall marketrevenue, and is anticipated to maintain its dominance throughout the forecast period. This is due to the increase in awareness among health-conscious consumers towards the high quality and purity of reverse osmosis water.
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Water treatment technology market 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 technology 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.
The key players operating in the water treatment technology 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 TECHNOLOGY MARKET KEY BENEFITS
The Water Treatment Technology Market is expected to garner $192,715 million by 2022, registering a CAGR of 4.1% during the period 2016-2022. Valves & controls segment dominated this market, occupying more than 55% share of the market revenue in 2015.
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Water treatment technology 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 technology 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 water treatment technology market.
Water treatment technology 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 technology market growth is provided with market dynamic factors to understand the behavior of the market.
Detailed Qualitative & Quantitative Analysis on Water Treatment Technology Market Industry [2014-2022]
The valves & controls segment is expected to witness the highest growth during the forecast period, owing to increasing use of advanced controls and valve systems in water treatment procedures globally.