According to a new report from Transparency Market Research, the demand for water treatment systems is growing primarily due to the increasing global population, which leads to consistent demand for water, and the expanding global industrial sector, which also requires large volumes of water for various essential operations. The report, titled ‘Water Treatment Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024,’ presents a detailed elaboration on the historical development of the global water treatment systems market. This offers a solid foundation for reliable forecasts about the market’s development forecasts in the coming years.
Water treatment systems can function on various principles, with filtration, reverse osmosis, electrolysis, disinfection, and water softening being some of the commonly used water treatment methods. Water treatment is made necessary by the abundant presence of harmful microbes in naturally occurring water, which renders it unpotable. The high mineral content of naturally occurring hard water also renders the water unusable for industrial purposes. As a result, the demand for various types of water treatment systems has grown rapidly in the last few years.
The growing demand for potable water for the ever-rising global population is the prime driver for the global water treatment systems market, illustrated by the government efforts observed across the world to enable easy access to clean drinking water for their population. In many emerging countries, water scarcity is becoming a major issue. Even prosperous countries such as the U.S. are not immune to the risks of water scarcity and water contamination, with the drought in California and water contamination controversy in Flint, Michigan, bringing the matters to a head in 2016. As a result, the growing awareness about water scarcity is likely to remain a key driver for the water treatment systems market in the coming years.
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The consistent economic development in emerging regions has also driven the demand for water treatment systems. Both agriculture and industry have made significant gains in countries such as China, India, and Brazil in recent years, leading to a growing demand for water.
The steady urbanization observed in the developing world has also led to a significant demand for residential water treatment units. The growing urban middle class is thus likely to remain a key consumer demographic for the global water treatment systems market in the coming years.
Geographically, the increasingly stringent government regulations supporting and even mandating the use of water treatment systems in North America and Europe have led to these two emerging as the leading contributors to the global market in the coming years. On the other hand, the booming demand in Asia Pacific, aided in no small part by government efforts to raise awareness about water treatment systems and incentivize indigenous production of the same, is likely to be the conspicuous feature of the global water treatment systems market in the coming years.
Key players in the global water treatment systems market include Honeywell International, Danaher Corporation, 3M Company, The Dow Chemical Company, and Pentair plc. The report provides comprehensive competitive profiles of the leading manufacturers of water treatment systems in order to aid readers in making informed decisions.
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