Bioshaft Water Technology Inc. (fka BSHF)

[HighYieldStocks]

Water And Wastewater Treatment Market Size And Forecast, By Type (Chemicals, Treatment Technologies, Equipment & Services), By End Use (Municipal, Industrial) And Trend Analysis, 2014 - 2025


https://www.hexaresearch.com/research-report/water-wastewater-treatment-market


The global water and wastewater treatment market size was valued at USD 478.15 billion in 2016. The industry is anticipated to register robust growth over the next few years owing to factors such as water scarcity due to the rise in population and swiftly increasing industrial activities.

Global water treatment market revenue, by type, 2014 - 2025 (USD Billion)

Global water treatment market

Stimulation in the global manufacturing sector and growing production in different industries are promoting the requirement for water & wastewater treatment. The growth of these industries is expected to result in driving the need for conservation and stringent conservational regulations. The rise in industrial activities and growing contamination have further demanded the treatment of water to make it suitable for end-use purposes.

Middle East region is heavily investing in the advancement of technology for water treatment. For instance, investment in desalination process has been witnessed in various technologies such as Multi-Stage Flash (MSF), Reverse Osmosis and Multi Effect Distillation (MED).

Furthermore, the service providing companies are local government bodies. Also it is witnessed that involvement of private companies in water market has increased. Economic progress has been a key factor, along with rapid development particularly in emerging economies which is driving the need for efficient water scarcity solutions.

The biological treatment system is suitable for treating the water from commercial and residential. Additionally, physical treatment plants are used for treating wastewater from industries and manufacturing firms.

The lack of infrastructure facilities in the industry could stance a challenge to the progress of this market. Machinists face problems in maintaining complex systems while upholding the cost threshold for the treatment owing to the low shelf life of the machines.

Segmentation by Type
• Chemicals
• Treatment Technologies
• Equipment & Services
The market size for chemicals was valued at USD 14.92 billion in 2016. Corrosion & scale inhibitors chemicals are projected to witness substantial growth for optimum efficiency maintenance and correct conditions of water, precisely for cooling techniques. Increasing regional scarcity and rising cost of water will endorse larger stress on recycling and reuse of water.

Water & wastewater treatment by technologies is anticipated to grow at a CAGR of 4.2% during the forecast period. Expansion of domestic movement, growing population and stringent enactment on utilized waste release are driving the market for innovations around the world. Advancement in technologies by the prominent vendors have been the driving force for the technology market.

Equipment & services market held the highest share constituting 85.8% of the overall market. Innovations, for instance, film frameworks, purification hardware, and refining gear will post the best development as these items can address a wide assortment of water quality issues and can likewise enable clients to diminish dependence on possibly dangerous arrangements, for instance, treatment chemicals.

Segmentation by End-use
• Municipal
• Industrial
The municipal segment is projected to have the highest growth over the forecast period at a CAGR of 3.9% for the water & wastewater treatment. Increasing water demand and rising population in the urban areas are driving the market. Rapid urbanization coupled with speedy industrialization has resulted in continuous usage of various natural resources such as water and air.

Industrial market is anticipated to grow at a steady rate over the forecast period owing to the demand for freshwater by the residential and agricultural sectors. The advancement of technology and compliance with government wastewater quality in developing countries will drive the market as it will lead to increase in demand.

Segmentation by Region
• North America
• U.S.
• Europe
• UK
• Middle East & Africa
• Saudi Arabia
• Algeria
• Asia Pacific
• China
• Central & South America
Asia Pacific dominated the market accounting for 43.9% of the market share in 2016. Factors such as rapid industrialisation and increase in the population are driving the market.

Middle East is estimated to witness steady growth at 4.5% CAGR owing to the increasing population, the rise in the disposable income and the infrastructure availability. Saudi Arabia’s municipal wastewater market treatment accounted for USD 4.69 billion, owing to the factors such as scarcity of groundwater and demand for potable water. Saudi Arabia had highest water consumption per capita globally coupled with extremely energy intensive desalination process.