Water Treatment Technology Market Report, by Allied Market Research, forecast that the global market was valued at $145,082 million in 2015 and is projected to reach $192,715 million by 2022, growing at a CAGR of 4.1% from 2016 to 2022. Valves & controls segment dominated this market, occupying more than 55% share of the market revenue in 2015.
Government rules for water
disposal, scarcity of water, and cost of water treatment act as drivers for the
development of advanced water treatment technologies in industrial sector.
Increase in urbanization and population drives the development of wastewater
technologies for municipal water treatment. However, lack of essential
knowledge, awareness about these technologies, and strict government norms on
wastewater disposal restraint the market growth.
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The primitive water treatment
technologies are difficult to implement in the current situation, which
increases the opportunity for the development of high-end technologies in this
market. Increase in water scarcity rate also provides a huge opportunity to
develop cost-effective and efficient water management technology.
In 2015, the reverse osmosis
segment occupied approximately 50% share of the overall market revenue, and is
anticipated to maintain its dominance throughout the forecast period. This is
due to the increase in awareness among health-conscious consumers towards the
high quality and purity of reverse osmosis water.
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Key findings of the Water
Treatment Technologies Market study:
· Ultrafiltration segment is anticipated to grow at the fastest rate during the analysis period.
· Asia-Pacific is estimated to continue to lead the market, growing at a CAGR of 4.5%, in terms of revenue.
· Japan occupied for more than two-ninths of the total share of the Asia-Pacific bottled water market in 2015.
· Japan is estimated to grow at the highest CAGR of 4.8%, in terms of revenue.
· Pumping systems segment is expected to show a significant growth in the Asia-Pacific region.
Corrosion & scale inhibitors
segment accounted for around one-fourth of the total share in the world water
treatment technology market in 2015, and is projected to maintain this trend
throughout the forecast period.
North America accounted for
the largest share in this market, owing to rise in investments by various
organizations and governments in the improvisation of water
treatment. Asia-Pacific is further expected to account for the second
largest share in the global market, due to increase in population as well as
innovations in water treatment technologies. This region is anticipated to
register the highest growth rate during the forecast period.
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Key players in the world water
treatment technology market focus on acquiring local players to strengthen
their market reach as well as to expand their customer base. Major companies
profiled in the report include PepsiCo Inc., Nestlé Waters, The Coca Cola
Company, Hangzhou Wahaha Group Co., Ltd., Danone, Natural Waters of Viti Ltd.,
Mountain Valley Spring Company, Icelandic Glacial Inc., and Dasani.
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accuracy in our market forecasting. Each and every data presented in the
reports published by us is extracted through primary interviews with top
officials from leading companies of domain concerned. Our secondary data
procurement methodology includes deep online and offline research and
discussion with knowledgeable professionals and analysts in the industry.
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