The
global water market caters to the domestic and household sectors as
well as the industrial sector, which comprises mining, power
generation, pharmaceutical, pulp and paper, upstream oil and gas,
refining and petrochemicals, microelectronics, and food and
beverages. The role of wastewater management in the overall water
market is also irrefutable. Rising scarcity of freshwater continues
to push municipal and industrial sectors to treat wastewater for
reuse. Removal of suspended solids, separation of oil and water,
biological treatment, removal of dissolved solids, and oxidation and
disinfection are the most recent and commonly used technologies in
wastewater treatment. Increasing global spending on these
technologies has greatly benefited the water market.
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This
report offers readers a concise yet all-inclusive overview of the
global water market. Analysts have provided clients with insightful
data pertaining to the size, structure, and performance of the
market. The publication provides in-depth information on the
challenges that lie ahead, on the technologies that can help tackle
these problems, and the impact of country-wise regulations on
investments in the water market, especially the industrial water
market. The report also includes a detailed section on the vendor
landscape and discusses the strengths, weaknesses, opportunities, and
threats of prominent companies in the water market.
A
look at the water market in developing countries shows that while the
industry has been growing in leaps and bounds, there is still massive
scope for further expansion. In most developing nations, the rapid
improvement of the economy and increasing population play a vital
role in the demand for water for industrial and domestic use. In
developed countries, the growth of the water market is just as
promising as that in emerging economies. Even with modernization,
advanced infrastructure, and stable income streams, the demand for
desalination plants, wastewater treatment and reuse facilities, and
proper maintenance of existing infrastructure are boosting the water
market.
In
recent years, smart water solutions have gained much prominence and
demand owing to leak detection, water scarcity, and network
efficiency. Outsourcing has also become a lucrative proposition for
those involved in the industry. The changing role of the private
sector in the overall water industry is another trend that is
creating opportunities for water service companies and investors.
The
global water
market is led by Asia Pacific, where the growing demand for
water and water systems is fueled by the surge in manufacturing and
construction activities across the region and a massive population
that is consistently on the rise. Additionally, efforts on the part
of the governments in Japan, India, China, and other developing
countries to support and encourage urbanization and dedicate
sufficient resources toward wastewater treatment processes has
benefitted the Asia Pacific water market. Increasing demand for
bottled water and rising use of water in the utilities sector is
driving the water market in Europe, North America, and South America.
Poor quality of water is a major issue in most countries in the
Middle East and North Africa. This means that the scope for growth of
the water market in Rest of the World segment is immense.
Increasing
number of players compete in the water market, considering the
importance of sustainability in the global water market and impact of
the demand and supply forces on the overall industry. Nalco Water,
ITT Corporation, The Danaher Corporation, Xylem Inc., Suez
Environnement S.A., United Utilities Group PLC, Siemens Water
Technologies Corp., and American Water are some of the leading
companies operating in the global water market.
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