The global market for water treatment, a technologically dynamic and highly promising market, is the focus of analysis of a market research report by Transparency Market Research. The report gives a thorough overview of the market and the major factors that will influence its growth prospects over the next few years. It is titled “Water Treatment Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”
Water scarcity is considered to be one of the most pressing global concerns ahead of the mankind presently. Depleting fresh-water resources, climate changes, irregular rains, and the issue of global warming are collectively having an adverse impact on the world’s usable water resources. The concerns are worsened due to the mounting global population, rising water pollutions, and the increased demand for clean water across the flourishing industrial segment. All these factors have made the availability and use of a number of water treatment modalities a paramount necessity across municipalities and industrial setups.
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However, the high installation and maintenance costs of water treatment systems are expected to restrict the overall growth of the market to a certain extent over the forecast period. The rising scarcity of clean water sources in developing and underdeveloped regions is projected to emerge as a major growth opportunity for the global water treatment market.
The report on the global water treatment market highlights the present state of the market, the key technologies at work, and presents an overview of technological and product advancements observed over the past few years. Some of the key water treatment technologies presently being used across the globe are electrolysis, reverse osmosis, disinfection, water softening, filtration, adsorption, and distillation. Of these, filtration is currently the most widely used water treatment technology, however, reverse osmosis is gaining in popularity owing to its high level of effectiveness.
Of the key end-use segments of water treatment systems, including residential, commercial, and industrial, the residential segment is expected to be a major contributor to the overall water treatment market over the report’s forecast period. Leading segments such as commercial and industrial sectors are expected to exhibit steady growth.
From a geographical perspective, the global water treatment market has witnessed excellent traction in developed regions such as North America and Europe. Demand witnessed in developed regions is mainly derived from the implementation of stringent regulations pertaining to water treatment and highly aware consumer. However, the market is expected to grow at a phenomenal rate across Asia Pacific over the forecast period, owing to rapid industrialization and the rampant issue of water pollution.
Some of the major vendors in the global water treatment market are 3M Company, Danaher Corporation, Honeywell International, Pentair plc, and the Dow Chemical Company.
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