London, 17 December 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Residential Water Treatment Equipment Market in Americas 2015-2019, which is expected to grow at a CAGR of 6.72 percent during the forecast period of 2014-2019.
In recent years, the freshwater resources have been depleting at an alarming rate because of the increased extraction of water from aquifers and other sources to cater to the requirements of the growing population in Brazil, one of the developing countries in the Americas. Hence, it is necessary to reuse and recycle water to reduce the depletion of freshwater resources. The need to treat water and make pure water available for use to consumers will raise the demand in the Residential Water Treatment Equipment market in the Americas during the forecast period.
“To reduce the land and water pollution, new water treatment facilities are being set up for wastewater treatment, where unused water from the Industrial sector will be discharged,” says Faisal Ghaus, Vice President of TechNavio.
“This is aimed at reducing the pollution levels in water, which can then be reused or discharged into rivers.”
Key Market Drivers
- Increase in Population and Urbanization
- Depletion of Freshwater Resources
- Aging Infrastructure
- Drinking Water Contamination
Key Market Trends
- Water Demand Exceeding Supply
- Environmental Concerns
- Government Support for Water Treatment Projects
Key Market Vendors
- 3M Co.
- Alticor Corp.
- Clorox Co.
- Culligan International Co.
- EcoWater Systems LLC
- GE Water and Process Technologies
- Pentair Ltd.
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%…
