London, 26 May 2015: Technavio, the independent tech-focused global research firm, has published a report on the global industrial wastewater treatment equipment market 2015-2019, which is expected to grow at a CAGR of 6.8% during the forecast period of 2014-2019.
Recent increase in water contamination from various industries across the globe is one of the major drivers that is expected to increase the market size of the global industrial wastewater treatment equipment.
“Oil companies have started to realize the importance of water in the industry and therefore have started to develop new methods to reduce fresh water consumption and increase cost cutting and sustainability,” says Faisal Ghaus, Vice President of Technavio.
“Some operators in the water-stressed areas have started to use brackish water to offset the use of fresh water for hydraulic fracturing.”
Key Market Drivers:
- Increased Adulteration of Water.
- Increase in Impact of Industrialization.
- Need for Safe and Clean Water.
- Increased Demand for Water Treatment in Developed Countries.
Key Market Trends:
- Depletion of Fresh Water Resources.
- Increased Need for Water Treatment in Developing Countries.
- Water Demand Exceeding Supply.
- Reuse of Oilfield Wastewater.
Key Market Vendors:
- 3M Purification Inc.
- Aquatech International Corp.
- Calgon Carbon Corp.
- GE Water & Process Technologies.
- Veolia Water Solutions & Technologies.
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%…
