TechNavio's analysts forecast the Global Water and Wastewater Treatment Equipment market to grow at a CAGR of 10.53 percent over the period 2012-2016.
One of the key factors contributing to this market growth is the increasing price of purchasing and using fresh water. The Global Water and Wastewater Treatment Equipment market has also been witnessing an increased water demand, leading to a major gap between water demand and supply.
However, the lack of infrastructure in the Wastewater Treatment industry could pose a challenge to the growth of this market.
This report, the Global Water and Wastewater Treatment Equipment Market 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts.
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The report covers the Americas and the APAC regions, and Western Europe. It also covers the Global Water and Wastewater Treatment Equipment market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The key vendors dominating this market space include Abengoa SA, Acciona SA, Danfoss A/S, and GE Infrastructure Water and Process Technologies Inc.
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Commenting on the report, an analyst said: 'Increased demand for potable water and a reduction in water supply due to the depleting water resources is expected to drive demand for water treatment equipment in the future.
This huge water demand-supply imbalance is expected to drive the need for water desalination in areas where there is an acute shortage of freshwater sources. The demand for fresh and pure water is expected to increase tremendously in the future. Further, the demand for fresh and pure water is forecast to exceed water supply by 50 percent by 2025. To fill the huge gap in demand and supply, it is very important to save water and treat them with chemicals to increase the availability of potable water. This is one of the major trends observed in the Global Water and Wastewater Treatment Equipment market.'
According to the report, the high cost of freshwater is expected to affect the purchasing power of consumers. Moreover, the depleting freshwater resources around the globe is driving the need for new water sources to cater to the requirements of the increasing population. Various cities in the UK will witness a hike in water tariffs during 2013-2014. This in turn is increasing the need for wastewater treatment, thus propelling the growth of the market.
Further, the report states that one of the major challenges in this market is the lack of proper infrastructure. The lack of infrastructure could lead to leakages, which in turn affects the distribution and supply of water Moreover, the market is faced with capacity constraints to store adequate amount of water. Building new infrastructure or upgrading the existing infrastructure will reduce the negative impact of this challenge to a certain extent.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.