LONDON--(BUSINESS WIRE)--Technavio research analysts are forecasting positive growth for many segments of the water and waste management market over the next four years as several markets including portable water purification systems market, residential drinking water treatment equipment market, and packaged wastewater treatment market, will witness an increase in revenues.
Technavio’s market research analysts predict the global portable water purification systems market to grow at a CAGR of over 10% between 2016 and 2020. The rise in health concerns has increased the demand for the drinking water treatment equipment. The untreated water has microbial contaminants like bacteria, which is detrimental to human health and leads to different forms of ailments. Several governments across the globe are adopting environment-friendly techniques and methods such as reverse osmosis, advanced membrane systems, disinfection equipment, specialty chemicals, and filtration systems used in commercial water treatment. Growing health hazards have accelerated the demand for safe drinking water, which will increase the demand for the portable water purification systems in the coming years.
According to Sayani Roy, a lead research analyst at Technavio for energy research, “Water purification is gaining prominence due to the shrinking water resources across the world and increasing wastewater disposal costs. The depletion of fresh water resources is leading to the use of more chemicals for water treatment to make it safe to drink, thereby necessitating the use of water purification systems. Water purification systems can remove the disease-causing contaminants from the water and improve the quality of water.”
Apart from the portable water purification systems market, the second most sought after market in the water and waste management market is the global residential drinking water treatment equipment market, which will grow at a steady CAGR of close to 10% during the forecast period. Rapid industrialization around the world has led to the contamination of water sources and even depletion in some parts of the world. Even though developed countries have stringent regulations in place for treating and disposing wastewater from industries, the demand for residential water treatment equipment is quite high. Market trends indicate that the need for water treatment equipment in developing countries is on the rise due to the unsuitability of drinking water.
Growing awareness and an increase in the demand for clean water is driving market demand for residential drinking water treatment equipment in countries like China and India. For instance, GE has developed a technology which can provide safe water at an affordable cost and also improve production.
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In recent times, Technavio’s market research analysts have identified a steady growth in the global packaged wastewater treatment market, which is expected to grow at a steady CAGR of around 9% by 2020. The easy installation and customization features of packaged wastewater treatment plants will be the primary growth driver for this market. Packaged wastewater treatment plants are pre-engineered and factory-built, and can, therefore, be transported to the site of the requirement without any hassle. “Since these plants require less space and reduce on-site requirements such as civil work, site labor, installation, and commissioning timeline, they are highly suitable for small industries, residential buildings, and remote areas,” says Sayani.
In terms of geography, the Americas will be the largest market for packaged wastewater treatment during the forecast period. Factors such as rapid industrialization and urbanization will stimulate the demand for wastewater treatment in this region. The presence of a serious water scarcity in places like California, Arizona, Texas, and Georgia will bolster the importance of wastewater treatment and water recycling in these states. Comprehensive market research carried out by the analysts at Technavio has shown that the market for packaged wastewater treatment in the Americas will grow at a CAGR of over 9% until 2020.
Some of the key vendors for the water and waste management market include GE Water, Pall, and RWL water for the portable water purification systems market; 3M, Culligan International Company, and Ecowater Systems for the global residential drinking water treatment equipment market, and GE Water & Process Technologies, Ovivo, and Pollution Control System (PCS) for the global packaged wastewater treatment market.
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