The demand for sludge dewatering equipment is increasing at a significant rate across the world due to the alarming rise in the amount of sludge being produced. As a result of this, regulatory authorities and government bodies of several countries are focusing on reforming their regulations and guidelines on effective sludge disposal and treatment. Government bodies of countries in the Asia Pacific and the European Union are specially focusing on imposing strict regulations regarding the dewatering of sludge and regular treatment of wastes in industries.
According to a research report published by Transparency Market Research (TMR), the global sludge dewatering equipment market is expected to expand at a 5.5% CAGR between 2015 and 2023. The market was worth US$3.3 bn in 2016 and is likely to touch a valuation of US$4.83 bn by the end of 2023.
View exclusive Global strategic Business report : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5648
Which technology is expected to generate the maximum revenue for the sludge dewatering equipment market?
With the implementation of stringent regulations by government bodies and the rising concerns regarding environment protection, the deployment of sludge dewatering equipment is also expected to gain momentum over the forthcoming years. However, many industries are still concerned regarding the high initial costs associated with the adoption of sludge dewatering systems. Owing to this, many consumers are preferring the use of belt filter sludge dewatering technology as this type of sludge treatment system is less expensive and consumes less power as compared to other systems.
How deep will the impact of high costs be on the growth of the global sludge dewatering equipment market?
According to a report by TMR, the average cost of sludge dewatering system is comparatively higher than the total cost of manufacturing. Furthermore, the mounting costs of maintaining and operating sludge dewatering equipment is also expected to negatively impact the growth of the market as consumers are shifting towards alternative methods for sludge treatment.
However, companies operating in the global market are now focusing on combating this problem. Numerous manufacturers of sludge dewatering equipment are stressing on reducing their manufacturing as well as operational costs by improving production units and methods of production. For instance, recently a leading manufacturer of sludge dewatering equipment, MSE Hiller, announced the manufacturing of off-site sludge dewatering systems. It is expected that this will help further in reducing the risks of health hazards, site commissioning times, decrease the cost of safety standards implementation, and enable quick installation as well.
Which region is anticipated to provide lucrative growth opportunities to manufacturers?
As concerns regarding the effect of sludge produced by industries on the environment are rising, the implementation of sludge control standards is also increasing. Many countries have already initiated the deployment of sludge dewatering equipment across several industries. Countries under the European Union are taking noteworthy steps towards reducing sludge production. Moreover, manufacturers of sludge dewatering equipment in Europe are likely to benefit from the mounting demand for such equipment across the region. As a result of this, Europe is expected to account for a share of 39.88% in the global sludge dewatering equipment market by 2023.
