Global Water Treatment Equipment And Supplies Market To Reach $38.2 Billion By 2015, According To New Report By Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Water Treatment Equipment and Supplies market. The global market for Water Treatment Equipment and Supplies market is projected to reach $38.2 billion by the year 2015, driven by growing demand for fresh potable water from an expanding global population. The chronic shortage of freshwater is expected to become intense in the coming years, a factor that is likely to drive growth in the global water treatment market. Further, the trend towards industrialization and urbanization and intensifying agricultural operations are contributing to the enhanced demand for fresh water, thereby contributing to increased demand for water treatment products.
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Burgeoning global population is also contributing to significant rise in demand for potable/fresh water, which in turn contributes to the rise in demand for a wide array of water treatment products. Increased demand for food and the subsequent intensification of agricultural operations is also likely to enhance the requirement of potable water. In regions with limited water reserves, alternative sources of fresh water supply such as desalination and water reuse are gaining momentum. Rising awareness among consumers regarding the detrimental effects of contaminated water, regulations enforced by the government, and risk related to legal liabilities are also driving the demand for water treatment products.
The global economic downturn led to significant decline in industrial expansion activity in the year 2009, thereby affecting the demand emerging from industrial applications. Industrial water treatment, a key segment of the water treatment market, bore the brunt of the global economic slowdown and forced the closure of several manufacturing facilities. The sector's growth is expected to gather momentum led by increased demand from developing countries, which are focusing on rapid industrialization.
The economic downturn is however creating numerous opportunities in the sustainable water & wastewater treatment technologies market, particularly in the fields of waste reduction, water reuse and recycling, energy efficiency, and resource recovery. With the recession drying up funding resources for major water and wastewater projects, sustainable water and wastewater treatment technologies and services offering ‘greener' alternatives are finding increased demand due to their ability to reduce carbon footprint of treatment facilities, protect ecological habitats, and ensure higher efficiency of treatment.
Europe, Asia-Pacific and the United States dominate the global market for water equipment and supplies with more than 70% share of global sales, as stated by the new market research report on water treatment equipment and supplies. The global market for water and wastewater treatment, recycle and reuse achieved considerable growth in the last few years, due largely to the increasing demand for superior quality water and stringent regulations that limit waste discharge into the environment. A major factor influencing the global water treatment market is the regulatory environment. More and more countries are adopting stringent policies and regulations for promoting the adoption of eco-friendly products, particularly with regard to products that involve human contact. As a result, the demand for specialized water treatment products is rising to meet the requirements of a rapidly changing global environment. Demand from Asian and Latin American economies particularly China, India, and Brazil are driving growth in the overall water treatment equipment and services market. Rapidly growing economies in Central and Eastern Europe, as well as Russia, are also expected to contribute to the upward growth trend.
Market for municipal water treatment equipment is expanding due to the consistent addition of new infrastructure or upgrades of existing system. The market witnessed a trend towards outsourcing water supply responsibilities to private companies. Amongst the different types of the municipal water treatment, the disinfection market is primarily dominated by chlorine. Though chlorination is the dominant method, others such as UV, ozonation, and membrane filtration are expected to erode its market share considerably. The Asia-Pacific market for municipal water treatment equipment and supplies is forecast to reach US$4.2 billion by 2013.
The water treatment equipment market is characterized by high degree of fragmentation, and involves the participation of a few large companies and a number of regional players. Most companies in the industry provide limited number of treatment technologies, products and services with only a handful of players providing a complete array of solutions. Leading players profiled in the report include Asahi Kasei Corporation, Aqua America Inc., BRITA, BWT AG, Calgon Carbon Corp., Culligan International, 3M Purification Inc., Dow Chemical Company, GE Water & Process Technologies, Hitachi Plant Technologies Ltd., Koch Membrane Systems, Kurita Water Industries, Millipore Corp, Nitto Denko Corp., Norit NV, Pall Corporation, Siemens Water Technologies, Suez Environnement, Toray Industries, Trojan Technologies, and Veolia Water.
The report titled "Water Treatment Equipment and Supplies: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, competitive scenario, product introductions/innovations, and recent industry activity. The study analyzes market data and analytics in terms of value sales for regions including the United States, Canada, Japan, Europe, Asia-Pacific, Latin America, Middle East/Africa, and Rest of World.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Water_Treatment_Equipment_and_Supplies_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
SOURCE: PRWeb
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