Packaged Water Treatment System Market is Expected to Cross USD 22.3 Billion at CAGR of 11% by 2022
PUNE, India, Nov. 22, 2016 /PRNewswire/ -- Market Research Future published a half cooked research report on Global Packaged Water Treatment System Market. The Global Packaged Water Treatment System Market is expected to grow over the CAGR of around 11% during the period 2016 to 2022.
Market Highlights
Municipalities today are faced with growing populations, a decrease in available fresh water supplies, and more stringent regulations. Cities worldwide are turning to the drinking water treatment solutions to help balance the resources and provide pure water to their residents. This scenario is driving the market for such treatment systems worldwide.
Growing awareness about environmental safety has led to the governments to set strict regulations for wastewater disposal which is promoting the use of small scale PWWT plants. The need for systems which are highly portable and reduces the processing time is driving the demand for these systems. These can be easily transported to small and remote locations, enabling the small industries and residences take advantage of it. Furthermore these systems reduce the civil works, labor work and heavy installation works. The global packaged water treatment system market size was valued at around USD 11.8 Billion in 2015 and is expected to cross USD 22.3 Billion at CAGR of 11% by 2022.
Taste the market data and market information presented through more than 85 market data tables and figures spread in 118 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on "Global Packaged Water Treatment System Market Information from 2014 to 2022"
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Key Players
The key players of global Packaged Water Treatment System market report include- Veolia Water Solutions & Technologies, GE Water & Process Technologies, WesTech Engineering Inc., Smith & Loveless INC., RWL Water LLC, WPL Limited, Pollution Control Systems Inc., Napier-Reid Ltd., CST Wastewater Solutions and Corix Infrastructure Inc.
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Market Research Analysis:
The market is highly application based. The key driver for market growth is increased emphasis on waste water treatment due to rising population and rapid industrialization. It is expected that the global packaged water treatment system market will advance with higher growth rate as compared to previous years. However the current challenge for the market is the high operational & maintenance cost of packaged wastewater treatment plants.
On the basis of application, municipal segment leads the market in all the major regions across the globe. The share owes to the growing demand for water treatment and environmental safety. The municipal corporation of China, Brazil and India use the centralized wastewater treatment plants to treat the municipal wastewater. On the basis of type, the extended aeration accounts for the largest share due to the advanced technological changes in the treatment systems, which makes them accessible by all the locations worldwide.
On the basis of region North America takes the lead as the largest and fastest growing market, followed by Middle-east & Africa. North America is expected to grow at a rate of over 10% in the forecasted period. The share is attributed to the scarcity of water in the regions of Arizona, Texas and California among others. Furthermore the government regulations have mandate the use of such systems by the industries and residences. The region has also seen a lot of investment in R&D, which further fuels the growth of the market.
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Scope of the report
This study provides an overview of the global packaged water treatment system industry, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Middle-east & Africa. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global packaged water treatment system market as type and application. On the basis of type it is segmented as MBR, MBBR, SBR, extended aeration, reverse osmosis, and others. On the basis of application it is segmented as industrial, municipal, and others.
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