Packaged Water Treatment System Market Overview
Market Research Future (MRFR) has published a cooked research report on the “Packaged water treatment system Market” that contains information from 2022 to 2028. The Packaged water treatment system Market is estimated to register a CAGR of 9.41% during the forecast period of 2022 to 2028 and projected to grow at USD 37.29 billion by 2028.
Packaged Water Treatment System Market Summary
Packaged water treatment systems are distinct from conventional systems due to its utilization of adsorptive clarifiers. They are widely used in removal of color, turbidity, and color organisms with the help of filtration processes. These systems are primarily used in softening, ion exchange, filtration, disinfection, and aeration. Market Research Future (MRFR) has estimated the growth and revenue trajectories for the global packaged water treatment system market report for the period of 2022 to 2028 (forecast period). The impact of the COVID-19 pandemic on the industry has been noted.
The economic growth of nations such as Brazil, the dense population, increasing health awareness, and huge disposable income levels of citizens can fuel the global packaged water treatment system market. Improvements in health standards as well as prevalence of contagious diseases can push for its adoption across industrial sectors.
Development of modular and on-site waste water treatment systems and plants are likely to prove fruitful for the market. The leasing of these systems instead of buying them outright can be a lucrative source of revenue. Mobile water treatment plants are a primary source of water and can be integrated with existing systems to increase the production of clean water. They can eliminate solid contaminants while trying to scale their capacity.
Key Players
- Enviroquip (U.S.)
- WPL Limited (U.K.)
- RWL Water (U.S.)
- Smith & Loveless Inc. (U.S.)
- Napier Reid (Canada)
- GE Water & Process Technologies (U.S.)
- Veolia Water Technologies (France)
- Corix Water System (Canada)
- WesTech Engineering, Inc. (U.S.)
- Tonka Equipment Company (U.S.)
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Market Drivers:
Technological Advancements: Advances in water treatment technologies have led to more efficient and cost-effective packaged water treatment systems. These innovations make such systems an attractive option for various applications.
Population Growth: The world’s population continues to grow, leading to increased demand for clean and safe drinking water. Packaged water treatment systems are deployed in both urban and rural areas to meet the rising water demand, especially in places where centralized water treatment infrastructure is lacking.
Industrialization: Industrial processes often require large quantities of water, and the wastewater generated can be highly contaminated. Industries are increasingly turning to packaged water treatment systems to treat their wastewater, meeting environmental regulations and reducing their impact on local water sources.
Urbanization: Rapid urbanization has strained existing water infrastructure in many cities. Packaged water treatment systems are used to provide decentralized, localized water treatment solutions, ensuring that growing urban populations have access to clean and safe water.
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Segmentation
- Based on the type, the packaged water treatment system market comprises of MBBR, extended aeration, reverse osmosis, SBR, MBR, and others.
- The application basis of segmenting the packaged water treatment system market is segmented into municipal, industrial, and others.
- Based on the regions, the packaged water treatment system market comprises of includes the Middle East, Africa, North America, Europe, Asia Pacific, and Latin America.
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Regional Analysis
As per the report, the market has been divided into following regions which includes Middle East & Africa (MEA), Asia Pacific (APAC), North America, Europe, and Latin America.
In 2016, the market was led by MEA with 36.5% share, followed by APAC and North America with shares of 24.6% and 18.2%, respectively. The MEA is planning to invest in desalination plants for eliminating the excessive salt volume and provide quality water output for daily life and agricultural activities.
North America is projected massive growth during the forecast period owing to the huge population, need for clean water, and the spurt in hydraulic fracking as well elimination of contaminants in drought areas. The U.S. accounted for the largest market share owing to concerns for water usage and modernization of infrastructure can drive market demand for packaged water treatment systems. Development of green buildings and rollout of policies such as Green Building Evaluation Label (GBEL) and Leadership in Energy and Environmental Design (LEED) can push the demand for packaged water treatment systems which work in adherence to environmental policies.
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