Packaged Water Treatment System Market by Technology Type, Application and Region
OREANDA-NEWS. Packaged Water Treatment System Market by Technology Type (Extended Aeration, MBR, MBBR, SBR, Reverse Osmosis), Application (Municipal Wastewater, Industrial Wastewater, and Drinking Water) and Region - Global Forecast to 2021..., Market Research Report: MarketsandMarkets.
The global market was valued at USD 12.07 Billion in 2015, and is projected to reach USD 21.83 Billion by 2021, at a CAGR of 10.4% between 2016 and 2021. The market is projected to witness significant growth in the coming years, owing to the rising demand of fresh water due to the increasing population, urbanization, and industrialization.
The municipal wastewater treatment segment of the global packaged water & wastewater market is expected to witness significant growth during the forecast period. Municipal waste water treatment is used in cities and towns by housing estates and domestic & public service enterprises. The volume of waste water generation has increased rapidly due to the growing population and urbanization in most parts of the world. To reclaim water and fulfill the water needs of the urban as well as the rural population, municipal waste water treatment is being utilized globally.
The extended aeration, moving bed biofilm reactor (MBBR), reverse osmosis, membrane bioreactor (MBR), and sequential batch reactor (SBR) segments contributed a major share to the global packaged water & wastewater treatment. Extended aeration is expected to be the fastest-growing application segment of the market, mainly due to its relatively lower initial costs and investments involved. It is followed by MBBR and reverse osmosis. The stringent regulatory and sustainability mandate concerning the environment is paving way for a substitute technologies to chemical-based water and wastewater treatment systems like extended aeration, MBBR, RO, MBR, and SBR, which further boosts the market for these technologies.
Middle East & Africa is expected to be the fastest-growing market for packaged water treatment system, owing to the increasing demand for fresh water by industries. The high quality living standards of Middle East region and lack of surface/underground fresh water sources makes it imperative to reclaim waste water. To meet the need of fresh water, packaged wastewater treatment is used to treat wastewater and make water available for reuse.
Unstable market & economic conditions leads to low investment in packaged water treatment system systems by industries and governments, which is a restraint for the market. Lack of skilled labor for operating technically complex packaged water treatment system systems is a restraining factor for the growth of the market in the short term.
Some of the major players involved in the packaged water treatment system market include Veolia Water Technologies (France), GE Water & Process Technologies (U.S.), RWL Water (U.S.), WPL International (U.K.), Smith & Loveless INC. (U.S.), and others. These companies have been focusing on new product launch & product development to cater to the diverse needs of customers. Companies are also adopting expansions and acquisitions strategies to increase their geographic presence and help them achieve growth in this market.