London, 18 June 2015: Technavio, the independent tech-focused global research firm, has published a report on the global residential water treatment equipment market 2015-2019, which is expected to grow at a CAGR of 12.57% during 2015-2019.
The rapid expansion of human populations and the depletion of water resources are major factors driving the market. Constantly diminishing water resources and a rising demand for potable water are major factors affecting market growth.
More inclination is towards the quality of drinking water in developed economies is also driving demand for water treatment equipment globally. Some European countries have implemented advanced infrastructure, use sophisticated equipment for industrial water treatment, and are likely to invest in municipal water treatment equipment.
“Many countries such as the US, China, and those in the Middle East are developing standards and codes for water treatment to aid water conservation efforts,” says Faisal Ghaus, Vice President of Technavio.
“Several countries are taking initiatives to popularize the recycling of wastewater through effective wastewater treatment methods.”
Key Market Drivers
- Increased Adulteration of Water
- Impact of Industrialization
- Increase in Health Awareness
- Rise in Awareness about Sustainability
- Participation of Private Players with Government
- Extensive Media Campaigns
Key Market Trends
- Development of Standards and Codes
- Water Demand Exceeding Supply
- Depletion of Fresh Water Resources
- Increased Need for Water Treatment in Developing Countries
Key Market Vendors
- 3M
- EcoWater Systems
- GE Water and Process Technologies
- Kurita Water Industries Ltd.
- Pentair Ltd.
- Philips
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
