Albany, NY -- (SBWIRE) -- 06/13/2018 -- Water is essential for human life. But that essentiality is not limited to only dietary intake for the humanity, as volumes of water is required by the construction sector, for household and domestic purposes, and industrial applications, which can range from power generation to mining to food and beverages. Analyzing and evaluating the potential of demand that will be forthcoming from various application industries, a recent business intelligence report by Transparency Market Research (TMR) has projected the demand in the global water market to expand at an impressive CAGR during the forecast period of 2016 to 2024.

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Realizing the strong necessity of water, governments across the developed and developing countries have started emphasizing on wastewater management, developing infrastructure that aids to the reuse of water. Separation of oil and water, removal of suspended solids, removal of dissolved solids, biological treatment, and oxidation and disinfection are some of the wastewater treatment technologies that are being adopted by smart cities, which have been mushrooming across emerging economies. The analyst of the TMR report has specifically mentioned that although the water industry has expanded exponentially in the past decade, there still is plenty of scope. With the radical manner in which concrete infrastructure is being built in countries such as China and India, there is no limitation to the demand for water.

This report, titled "Water Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024," is an evidence of in-depth research by the analyst, who strictly used standardized industry methodologies, which included primary and secondary assessments, compilation of data from reliable sources, and interviews with industry experts. The report has been developed to aid as a business tool for a pool of clientele including providers of large volumes of water, purification and distribution companies, the transportation sector, water treatment chemical suppliers, and government agencies. The report contains key chapters that segments the market for water into smaller aspects and throws light on the magnitude of demand that can be expected out of different regions and countries. Figurative data for each of the segments and regions has been provided in terms of US dollar million. The report also analyzes different factors such as drivers, restraints, and challenges that will determine the future of the global water market as well as identifies some of the trends that are emerging.

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Geographically, Asia Pacific is foreseen to remain the region with maximum potential, which can be attributed to landscapes of opportunities in the vastly populated emerging economies of China and India. Both countries have a flourishing industrial sector, as well as the construction industry is attaining newer peaks with each passing year. That being said, bottled water market continues to do well in the developed regions of North America, South America, and Europe. The sandy areas of the Middle East and Africa have a major scarcity of water, and make for another lucrative region for the vendors of this market to concentrate on.

As far as the competitive landscape is concerned, some of the key players in the global water market are Nalco Water, ITT Corporation, Xylem Inc., Suez Environnement S.A., Siemens Water Technologies Corp., United Utilities Group PLC, and American Water.