Gloabl Water Treatment Market is Expected to Record a Robust CAGR of 7.4% From 2017 to 2027 - FMI
Demand for Water Treatment Technology to Gain Strength from Rising Investments in Desalination Plants; Nanotechnology Useful in Efficient Water Treatment Process
Valley Cottage, NY, November 30, 2017 (Newswire.com) - Future Market Insights (FMI) has published a new report, which is titled, “Water Treatment Market: Increasing Investments in Desalination Plants Expected to Boost Demand for Water Treatment Technology: Global Industry Analysis and Opportunity Assessment 2017 – 2027.” The growing population and thus the equally growing demand for freshwater for drinking and other purposes are expected to lead to water shortage. Over dependence of freshwater resources has led to the depletion of these fresh water bodies and thus there is a heightened demand as well as need for developing water treatment systems so as to reduce dependence on freshwater sources. This in turn is expected to drive the growth of the global water treatment market.
One of the key factors boosting the growth of the global water treatment market is the stringent government regulations regarding the industrial and municipal wastewater disposal. Recycling and reuse procedures are therefore being promoted by governments because water is essential for number of tasks and therefore it is important that the cost of water remain reasonable. Water treatment technologies that are cost effective are gaining popularity. Growing population, industrialization, and urbanization results in massive amount of wastewater which if recycled can be used again for converting waste water into usable form. Some of the factors favoring the growth of this market include growing awareness about the depleting resources of water as well as the increasing concern about using clean water to avoid health hazards. The high cost of water treatment equipment is one of the challenges. Lack of expertise will also pose a challenge and restrict the growth of this market.
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One of the most commonly used methods for increasing the water supply is desalination. It is thus not surprising that the desalination market has risen by leaps and bounds in the last few years. One of the key markets for desalination is North America. The Middle East and Africa is also another key market for desalination with Saudi Arabia investing around 15 bn US dollars in desalination. The US is expected to invest 11 bn by 2020. As per lead author of this report, some of the other countries that will emerge lucrative for the water treatment market are: UAE, India, Australia, China, and Kuwait. It is estimated that desalination alone will lead to a production of 20 mn m3 water/day by 2027. The popularity of desalination process has also increased on account of technological advancements in this field which is giving rise to many efficient options such as floating desalination plants which are cost effective and require low initial capital investment.
By conventional systems, wastewater treatment becomes chemical and energy intensive. In fact conventional systems prove to be inefficient in the removal of dilute pollutant concentrations present in water. Thus, intense research in this field is being done so as to develop new and innovative methods which can remove contaminants from the water with reduced chemical load.
One of the recent trends in the global water treatment market is the use of Nanotechnology. Nanotechnology is being studied for high performing membranes and enhanced hydraulic conductivity. Huge investments are being made for researching and determining to see if Nanomaterials can be used for membrane fabrication for the decomposition of toxic compound during water treatment. Nanotechnology is also being investigated to see if carbon compounds, metals, and bimetallic nanoparticles can be segregated from waste water resources. Another trend that is transforming the water treatment systems market is the use of microorganisms in bio microelectronic devices.
Research Report Reference: https://www.futuremarketinsights.com/reports/water-treatment-market
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Source: Future Market Insights