North America smart water management market by component, 2012–2020, (USD million). Source: www.grandviewresearch.com
The entire value chain for the water and wastewater treatment equipment market is expected to witness changes in terms of investments, innovations, advancements and business opportunities. New technologies, business models and technologies are expected to be introduced, especially to support the changing requirements for water treatment.
Top trends in the water and wastewater treatment equipment market
1. Decreased groundwater pumping
Due to the high awareness of the importance of water reuse, researchers expect a reduction in the amount of groundwater pumping. This could be a heartening sign, particularly for the amount of groundwater used in the industrial sector. Industries are expected to reduce the usage of underground aquifers. Governments and water control bodies are expected to develop systems for stern regulatory approaches to build sustainable water systems including development of centralized systems for proper distribution and design of water treatment models. Researchers expect the water and wastewater treatment sectors to lead the efforts.
2. Preparedness to boost resiliency
Frequent natural disasters can disrupt water infrastructure. As a result, key industry stakeholders have resiliency plans for such scenarios. Management of high stormwater flows requires high-capacity water treatment devices. Increased budgets for emergency situations is expected to create business opportunities for instrument manufacturers. It can also encourage budgetary reforms for the development of advanced technologies like powerless wastewater treatment.
3. Advanced wastewater reuse technologies
Although water reuse is not new for some end users, rising efforts can revolutionize water infrastructure and distribution. It can make water and wastewater treatment more cost effective as well as more sustainable. Natural water sources are not available in many semi-arid and arid areas. Water industry stakeholders focus on affordable alternatives to augment the available sources of water and to stop events like seawater intrusion and groundwater salting caused by depletion. This factor can provide recycle solutions to water and wastewater treatment operations.
4. Seawater desalination on a large scale
Scientists from across the world are working on improving the affordability of the purification of saltwater. Developing regions like the Middle East and Africa are expected to register a steady rise in the demand for these plants. This is anticipated to offer growth opportunities for key suppliers in the water and wastewater treatment equipment market. Seawater desalination is an industrial process that requires huge volumes of chemicals and energy. Hence, top companies are focused on developing innovative and eco-friendly desalination processes and machinery for long-term usage at reduced costs and environmental impact.
Effects of trends on the global market
According to the market research report published by Grand View Research, the global water and wastewater treatment equipment market can attain a valuation of around USD 103.41 billion by 2025. Continuously rising demand for freshwater from numerous end-use segments is expected to be the primary driving force behind the rapid growth of the global industry. The industry is anticipated to create significant growth opportunities for secondary and tertiary water and wastewater treatment equipment.
