Global Industrial Wastewater Treatment Equipment Market 2018-2022| Increase in World Energy Demand to Boost Demand| Technavio
LONDON--(BUSINESS WIRE)--Oct 9, 2018-- analysts forecast the global industrial wastewater treatment equipment market to grow at a CAGR of over 4% during the forecast period, according to their latest market research report.
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Technavio has published a new market research report on the global industrial wastewater treatment equipment market for the period 2018-2022. (Graphic: Business Wire)
Advances in industrial wastewater treatment technology is one of the major trends being witnessed in the . Membrane technologies play a significant role in wastewater treatment and energy sustainability. Industrial wastewater treatment involves different technologies like wastewater treatment by MBR, desalination by RO, and membrane-based fuel cells. Membrane technologies meet sustainability criteria pertaining to adaptability, ease of use, environmental impact, land usage, and flexibility.
According to Technavio analysts, one of the key factors contributing to the growth of the global industrial wastewater treatment equipment market is the increase in world energy demand:
Global industrial wastewater treatment equipment market: Increase in world energy demand
In emerging economies such as China and India, the demand for energy is increasing owing to the fast-paced development. The application of technologies like horizontal drilling and hydraulic fracturing has propelled the development of the US shale oil and gas reserves. This, in turn, is expected to increase the natural gas resources two-folds when compared with the past decade.
According to a senior analyst at Technavio for research on power, “As per the US EIA, 4.67 mbpd of crude oil was produced directly from tight oil resources in the US, which accounted for 50% of the total oil production in the US in 2017. As a result, the amount of wastewater generation has increased as shale oil and gas are produced through the process of hydraulic fracturing. This, in turn, increases the demand for industrial wastewater treatment equipment, owing to the regulations pertaining to the discharge of effluents.”
Global industrial wastewater treatment equipment market: Segmentation analysis
The global industrial wastewater treatment equipment market research report provides market segmentation by end-user (manufacturing and energy), and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The manufacturing segment held the largest market share in 2017, accounting for nearly 50% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.
APAC led the market in 2017 with a market share of nearly 39%. This region is expected to dominate the market through 2022, with an increase in its market share by nearly 3%.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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INDUSTRY KEYWORD: ENERGY OIL/GAS OTHER ENERGY NATURAL RESOURCES OTHER NATURAL RESOURCES
SOURCE: Technavio Research
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PUB: 10/09/2018 03:14 PM/DISC: 10/09/2018 03:14 PM