Provided by BIS Research
Waste water is an inevitable by-product of civilization, which has become a major threat to public health and natural environment. Changing weather patterns and increased incidences of drought have triggered an immense water scarcity, and with the increase in globalization, a surge in waste water volumes and depletion of freshwater resources, the demand of water has shot up drastically on a global scale.
It is estimated that by 2025, approximately 1.8 billion people will live in absolute water scarce regions and approximately two thirds of the global population will dwell in water stress regions. Therefore, water and waste water treatment has become a necessity, which needs to be adopted at a global scale.
Improper waste water treatment and management services have given rise to air, land, surface, and groundwater pollution, which has consequently affected public health. Due to the adverse effects of rising waste water volume, the water and waste water treatment industry is expected to advance extensively.
Moreover, increasing water demand and stringent regulations in developing and non-developed economies are driving the water and waste water treatment market towards significant growth in the coming years. Zero liquid discharge technologies, resource recovery and smart water solutions are expected to disrupt the market and revolutionize the water treatment industry.
The aforementioned emerging technologies, incorporated with the traditional water treatment infrastructure, will help various public and private stakeholders to enhance the water treatment process and, recycling and recovery of energy from waste resources. Existing players in the market will have an established platform for business expansion as well as commercialization across various water infrastructure segments such as chemicals and equipment.
According to a new market report by BIS Research, titled ‘Global Water and Waste Water Treatment Market, Analysis & Forecast: 2016 to 2022’, the global water and waste water treatment market is anticipated to grow to $138.08 billion by 2022. The market is highly driven by environmental impact, increasing population, coupled with aging infrastructure and climatic concerns. These factors are collectively affecting the market and influencing a vigorous transformation in the market scenario.
The market intelligence report provides an in-depth analysis of the key development strategies and market trend dynamics which includes drivers, challenges and opportunities prevailing in the water and waste water treatment market. The report divides the market on the basis of chemicals and equipment. Among these categories, chemical segment accounted for a 30.07% share in global water and waste water treatment market by chemicals and equipment in 2015, however, equipment segment is expected to grow at a higher CAGR as compared to chemical segment, owing to the rise in population among the developing and non-developed economies.
This study also includes a separate segment which provides a detailed profile of key market players, along with their individual SWOT analysis. Some of the key players analyzed in the report are:
- Veolia Environment S.A.
- Suez Environment S.A.
- Kemira Oyj.
- Dow Chemical Company.
- Nalco-Ecolab Company.
- Kurita Water Industries.
- General Electric.
- Biwater International Ltd.
- IDE Technologies.
Acquiring contracts, partnerships, collaborations and joint venture was a key market business development strategy and accounted for a significant share among all developmental strategies in order to grow and expand business, followed by mergers and acquisitions.
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