Shibuya-ku, Tokyo, Japan, Japan, Apr 08, 2022, 02:04 /Comserve / -- The water & wastewater treatment equipment market is estimated in 2017 and is projected to reach USD 33.22 billion by 2022, at a CAGR of 6.2% from 2022-2031.
With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment.
The water & wastewater treatment equipment market is estimated to be USD 24.62 billion in 2017 and is projected to reach USD 33.22 billion by 2022, at a CAGR of 6.2% from 2022 to 2031. Various water & wastewater treatment technologies such as disinfection, filtration, desalination, and testing are utilized by industrial processing plants. The growth of the market can be attributed to the increasing adoption of water & wastewater treatment equipment in industrial applications. However, high installation costs, as well as equipment and operational costs, are identified as restraints to the growth of the water & wastewater treatment equipment market.
“Based on product type, the desalination segment is projected to grow at the highest CAGR during the forecast period.”
Based on product type, the desalination segment of the water & wastewater treatment equipment market is projected to grow at the highest CAGR between 2022 and 2031. The growth of the desalination segment can be attributed to the increased usage of desalination equipment to purify sea water/salt water as well as wastewater from factories. The scarcity of water resources and deteriorating water quality are major issues in a few emerging countries, such as India and China. As water & wastewater treatment equipment enables the reuse of water resources as well as helps in the purification of water, the demand for water & wastewater treatment equipment is increasing in emerging countries worldwide.
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The Final Report will cover the impact analysis of COVID-19 on this industry: Water & Wastewater Treatment Equipment Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast Up to 2031 (Trending Report)
“The water & wastewater treatment equipment market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period.”
The water & wastewater treatment equipment market in the Asia Pacific region is projected to grow at the highest CAGR from 2017 to 2022. Asia Pacific is emerging as a production hub for water & wastewater treatment systems, thereby influencing the growth of the water & wastewater treatment equipment market in this region. Several wastewater treatment projects are executed by governments of countries in the Asia Pacific region. The increased demand for treated potable water in this region is further anticipated to drive the growth of the Asia Pacific water & wastewater treatment equipment market during the forecast period.
The Final Report will cover the impact analysis of COVID-19 on this industry: Water & Wastewater Treatment Equipment Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast Up to 2031 (Trending Report)
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Breakdown of profiles of primary interviews:
• By Company Type – Tier 1 – 45%, Tier 2 –22%, and Tier 3 – 33%
• By Designation – C Level – 50%, Director Level – 25%, and Others – 25%
• By Region – Asia Pacific – 10%, Europe – 20%, North America – 50%, Middle East & Africa – 10%, and South America – 10%
Research Coverage:
The report covers the water & wastewater treatment equipment market and segments it on the basis of product type, application, and region. It aims at estimating the market size and future growth potential of the water & wastewater treatment equipment market in various regions. The report also provides an in-depth competitive analysis of key market players, along with their financial positions, recent developments, and key growth strategies. It also includes information on dynamic differentiators, innovators, visionary leaders, and emerging companies in the water & wastewater treatment equipment market.
The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.
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