Global Water Treatment Market Insights and Forecast 2023, Featuring Profiles of Key Players Veolia Environnement, DuPont de Nemours, Xylem, 3M, Pentair, Ecolab, SNF and More
Global Water Treatment Market Insights and Forecast 2023, Featuring Profiles of Key Players Veolia Environnement, DuPont de Nemours, Xylem, 3M, Pentair, Ecolab, SNF and More Yahoo Finance
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Global Water Treatment Market (by Application, Product and Services, Equipment Type, & Region): Insights and Forecast (2023-2028)
Dublin, Nov. 17, 2023 (GLOBE NEWSWIRE) — The “Global Water Treatment Market (by Application, Product and Services, Equipment Type, & Region): Insights and Forecast (2023-2028)” report has been added to ResearchAndMarkets.com’s offering.
Lack of fresh water resources, rapidly developing emerging economies, rising environmental concerns, increased corporate investment in advanced wastewater treatment technology, and a growing emphasis on water quality and public health are expected to drive overall market growth during the forecasted period. Along with these trends, there is increasing pressure on water-intensive industries to improve their efficiency and increase wastewater reuse. These factors contribute to the need for more effective pollutant removal from water and are likely to drive future investment in water treatment. The global water treatment market is expected to reach US$325.41 billion in 2023, progressing at a CAGR 7.20% over the projected period.
Segments Covered
By Application:
- Municipal
- Industrial
By Product and Services:
- Equipment
- Services
- Chemicals
By Equipment Type:
- Membrane separation
- Biological
- Sludge
- Disinfection
- Others
Top Impacting Factors
Growth Drivers:
- High Installation, Equipment and Operations Cost
- Lack of Infrastructure Facilities
Trends:
- Integration of Artificial Intelligence (AI)
- Growing Demand of Internet of things (IoT) solutions
- Rapid Advancements in Water Treatment Technologies
- Increasing Adoption of Nanotechnology
Driver: Water Scarcity
There has been increasing demand for water resources, not only for municipal and agricultural purposes but also for critical industrial processes. With over 40% of the global population residing in regions marked under critical water stress and only about 1% of the water available on earth being freshwater, there has been an increasing demand for water treatment solutions converting seawater to freshwater via desalination process. Rising concerns regarding groundwater depletion, low availability of naturally available drinking water, and increasing adoption of the concept of recycling & reusing water by companies will continue to boost the growth of the global water treatment market.
Challenge: High Installation, Equipment and Operations Cost
Water treatment plants are associated with high installation, operational, and annual costs. The complexities of operating make it more labor-intensive and increase the operational cost, making it difficult for companies to generate enough profit margins. Water treatment processes are also highly capital-intensive. With increasing competition and reduced margins, companies are hesitant to make substantial investments needed to build water treatment plants, impeding the growth of the global water treatment market.
Trend: Integration of Artificial Intelligence (AI)
Artificial intelligence in water treatment processes is associated with higher automation, reduced operational cost, low occurrence of human error, and optimizing the use of chemicals. AI models successfully predict the performance of different absorbents for the removal of pollutants from water. Therefore, increasing integration of AI in water treatment processes is expected to boost the growth of the global water treatment market in the forecasted period.
Analysis of Key Players
The market for water treatment has been fragmented due to the presence of numerous international, regional, and local players in the market. The main objective of key players operating in the market is to adopt technologies such as AI, advanced diagnostics, and nanotechnology to build an effective water treatment process for treating all the impurities present in a water resource. The key players of the market included in the report include:
- Veolia Environnement
- DuPont de Nemours
- Xylem
- 3M
- Pentair
- Ecolab
- Kemira
- BASF
- DOW
- Kurita Water Industries
- Kingspan Group
- United Utilities Group
- SNF
- Hydro International UK
- BioMicrobics
For more information about this report visit https://www.researchandmarkets.com/r/6bj8w5
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SDGs, Targets, and Indicators
1. Which SDGs are addressed or connected to the issues highlighted in the article?
- SDG 6: Clean Water and Sanitation
- SDG 9: Industry, Innovation, and Infrastructure
- SDG 11: Sustainable Cities and Communities
The article discusses the global water treatment market, which is directly related to SDG 6, as it focuses on clean water and sanitation. It also mentions the need for more effective pollutant removal from water, which is connected to SDG 9, as it involves industry and innovation. Additionally, the article highlights the increasing population growth, rapid urbanization, and the need for water quality improvement in municipal areas, which are relevant to SDG 11 and its focus on sustainable cities and communities.
2. What specific targets under those SDGs can be identified based on the article’s content?
- SDG 6.3: By 2030, improve water quality by reducing pollution, eliminating dumping and minimizing release of hazardous chemicals and materials.
- SDG 9.4: By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes.
- SDG 11.1: By 2030, ensure access for all to adequate, safe and affordable housing and basic services and upgrade slums.
Based on the article’s content, the targets mentioned above can be identified. The focus on pollutant removal from water aligns with SDG 6.3, which aims to improve water quality. The need for more effective water treatment technologies and infrastructure upgrades relates to SDG 9.4, which focuses on sustainable industries and innovation. The emphasis on water quality and scarcity issues in municipal areas connects to SDG 11.1, which aims to ensure access to safe and affordable housing and basic services.
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
- Investment in advanced wastewater treatment technology
- Efficiency improvement and wastewater reuse in water-intensive industries
- Adoption of membrane separation technology in various industries
- Increasing population growth and rapid urbanization
- Actions taken by municipal water companies to address water quality and scarcity issues
The article mentions several indicators that can be used to measure progress towards the identified targets. These indicators include investment in advanced wastewater treatment technology, efficiency improvement and wastewater reuse in water-intensive industries, adoption of membrane separation technology in various industries, increasing population growth and rapid urbanization, and actions taken by municipal water companies to address water quality and scarcity issues.
SDGs, Targets, and Indicators Table
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 6: Clean Water and Sanitation | 6.3: By 2030, improve water quality by reducing pollution, eliminating dumping and minimizing release of hazardous chemicals and materials. | – Investment in advanced wastewater treatment technology – Actions taken by municipal water companies to address water quality and scarcity issues |
| SDG 9: Industry, Innovation, and Infrastructure | 9.4: By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes. | – Investment in advanced wastewater treatment technology – Efficiency improvement and wastewater reuse in water-intensive industries – Adoption of membrane separation technology in various industries |
| SDG 11: Sustainable Cities and Communities | 11.1: By 2030, ensure access for all to adequate, safe and affordable housing and basic services and upgrade slums. | – Increasing population growth and rapid urbanization – Actions taken by municipal water companies to address water quality and scarcity issues |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: finance.yahoo.com
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