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The industrial wastewater treatment equipment market share is expected to increase by USD 6.32 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.11%.
This industrial wastewater treatment equipment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers industrial wastewater treatment equipment market segmentation by end-user (manufacturing, energy, and others) and geography (APAC, Europe, North America, MEA, and South America). The industrial wastewater treatment equipment market report also offers information on several market vendors, including Dow Inc., Ecolab Inc., Evoqua Water Technologies LLC, Hitachi Ltd., Kuraray Co. Ltd., Kurita Water Industries Ltd., Pentair Plc, SUEZ SA, VEOLIA ENVIRONNEMENT SA, and Xylem Inc. among others.
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The rapid industrialization is notably driving the industrial wastewater treatment equipment market growth, although factors such as the increasing adoption of renewable energy sources may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial wastewater treatment equipment industry. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge.
Key Industrial Wastewater Treatment Equipment Market Driver
Rapid industrialization is one of the major drivers impacting the industrial wastewater treatment equipment market growth. The industrialization has led to an increase in the standard of living and production of goods, which, in turn, has led to a rise in the consumption of water. Rapid industrialization has resulted in population migration from rural to urban areas and economic advances in emerging nations. This has resulted in an increased population density in the cities. Different industries like construction, food and beverage, oil and gas, power, mining, refineries, steel manufacturing, electronics, and pharmaceuticals involve processes that can contaminate the water resources. This has led to a rise in wastewater generation, thereby increasing the stress of fulfilling water demand. This, in turn, has led government agencies to promote water conservation. As a part of the water conservation activities, industries are required to reuse the water, thus driving the installation of industrial wastewater treatment equipment. Hence, rapid industrialization is expected to drive the global industrial wastewater treatment equipment market during the forecast period.
Key Industrial Wastewater Treatment Equipment Market Trend
Increasing water reusage is one of the major trends influencing the industrial wastewater treatment equipment market growth. Wastewater treatment in industries is gaining popularity, owing to the depleting water resources globally and increasing wastewater disposal costs. Also, improvement in the resilience and security of drinking water and wastewater infrastructure is essential to provide clean and safe water for different applications. Also, climate change is expected to increase water demand while simultaneously reducing water supplies. Climate change results in an imbalance in the water cycle. Climate change can increase the evaporation of water into the atmosphere in warmer regions and precipitation in other areas. This can adversely impact the quality of water. As water consumption in the industrial sector is significant, the demand for industrial wastewater treatment equipment will increase to ensure judicious use and reuse of water and prevent the contamination of the environment due to the disposal of water.
Key Industrial Wastewater Treatment Equipment Market Challenge
Increasing adoption of renewable energy sources is one of the major challenges impeding the industrial wastewater treatment equipment market growth. The increase in the adoption of renewable energy sources would result in a decline in the use of fossil fuels for fulfilling energy demand. As a result, GHG emissions would reduce, limiting the growth of the global industrial wastewater treatment equipment market during the forecast period. This shift from fossil energy to renewable energy sources can be a threat to the thermoelectric power plants, which consume water extensively. According to IEA, thermal power plants are the most extensive water users in the energy sector. Hence, with lesser water consumed, lesser wastewater will be generated, which can pose a challenge to the growth of the global industrial wastewater treatment equipment market during the forecast period.
This industrial wastewater treatment equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global industrial wastewater treatment equipment market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the industrial wastewater treatment equipment market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the industrial wastewater treatment equipment market encompasses successful business strategies deployed by the key vendors. The industrial wastewater treatment equipment market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The industrial wastewater treatment equipment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the industrial wastewater treatment equipment market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the industrial machinery market includes the following core components:
The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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