London, 15 March 2016: Technavio, the independent tech-focused global research firm, has published a report on the global packaged wastewater treatment market, which is expected to grow at a CAGR of almost 9% during the period of 2016 to 2020.
Segmentation of the global packaged wastewater treatment market
Source: Technavio
Since packaged wastewater treatment plants are pre-engineered and factory-built, they are easy to install and easy to operate when compared to conventional wastewater treatment plants. They can also be transported to the site of requirement easily and can reduce on-site requirements like civil work, site labor, installation, and commissioning timeline. As these plants require less space, they can be assembled within tight project schedules. Its high customizability depending on the site, requirements, and nature of wastewater will result in its increased adoption during the estimated period.
“Between the period of 2010 to 2015, almost 2,00,000 people moved to cities on a daily basis. Since more than 85% of this migration happened in developing countries, the demand for water from households, industries, and the transport sector has increased considerably. The augmented need for safe water in developing countries is one of the major reasons for the increasing demand for water treatment equipment on a global scale,” says Vishu Rai, Lead Analyst, Energy, Technavio Research.
“Factors such as rapid industrialization have changed the economic and social structure of society by facilitating the transformation from an agrarian-based society to an industrial society. Due to this recent increase in industrialization, the usage of water has increased considerably. With depleting water resources and growing demand for water, it has become necessary to reuse water. This requirement has led to a rise in the demand for wastewater treatment, as the water can be recycled and reused for a wide array of industrial and agricultural purposes.”
Market drivers –
- Demand for clean water
- Easy installation and customization
- Increase in impact of urbanization
- Growing environmental concerns and stringent government laws
Market trends –
- Demand for water treatment in developing countries
- Increase in industrialization
- Depletion of fresh water resources
Key market vendors –
- GE Water & Process Technologies Inc.
- Ovivo Inc.
- Pollution Control System (PCS) Inc.
- RWL Water LLC
- Smith & Loveless Inc.
- Veolia Water Solutions & Technologies S.A.
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.
If you are interested in more information on this topic and our upcoming research on the Global Packaged Wastewater Treatment Market 2016-2020, please send an e-mail to media@TechNavio.com.
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