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Top Factors Driving the Water & Wastewater Treatment Equipment Market| 3M, Dow Inc.,  General Electric, Pentair Plc., Veolia Environment SA, Xylem Inc., Suez Environment SA, Ecolab Inc and others

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Top Factors Driving the Water & Wastewater Treatment Equipment Market| 3M, Dow Inc.,  General Electric, Pentair Plc., Veolia Environment SA, Xylem Inc., Suez Environment SA, Ecolab Inc and others

The global water & wastewater treatment equipment market is estimated at USD 24.62 billion in 2017 and is projected to reach USD 33.22 billion by 2022, at a CAGR of 6.2% between 2017 and 2022. Mergers & acquisitions, expansions, and, new product launches were the key strategies adopted by the major players to strengthen their foothold in the market. The North American region, followed by Europe and the Asia Pacific, witnessed the maximum number of strategic developments undertaken by various players between 2012 and 2017.

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Water & wastewater treatment equipment comprise process equipment that help to treat water & wastewater for various applications in municipal, industrial, or other processes. Among product types, the desalination equipment segment is projected to witness the highest growth between 2017 and 2022. The desalination process is centered on the RO membrane technology and thermal desalination process. In places where leftover heat or adequate electricity is present, such as refineries and power plants, thermal desalination is an effective and feasible solution for water & wastewater treatment.

The growing global population has increased the demand for treated water. Shortage of water resources has increased the need for treating and reusing water, thus increasing the use of water treatment equipment and related technologies. Water is a vital part of any industrial procedure. Operational procedures for purification, reuse, and discharge are crucial for a company to maximize its water resources and safeguard regulatory compliance. Municipal and industrial water & wastewater treatment are the major application of water & wastewater treatment equipment market. Among applications, the municipal segment is projected to witness a higher growth than the industrial segment between 2017 and 2022. The demand for water & wastewater treatment equipment in municipal application is high, owing to the rising global population, the declining number of freshwater sources, and stringent regulations pertaining to the quality of wastewater released by industries.

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Key players operating in the water & wastewater treatment equipment market are Veolia Water Solutions & Technologies (France), SUEZ (France), Xylem (US), Dow Water & Process Solutions (US), Evoqua Water Technologies (US), Aquatech International (US), Ecolab (US), 3M (US), and Pentair (US). Veolia Water Solutions & Technologies is one of the leading manufacturers of water & wastewater treatment equipment around the globe. The company has been focusing on expansions as a key strategy to maintain its leading position in the water & wastewater treatment equipment market. For instance, in May 2016, the company established the world’s biggest sludge treatment and retrieval plant in Hong Kong. It is planned to treat wastewater from 11 wastewater sources in the region.

SUEZ (France), Xylem, (US), and Dow Water & Process Solutions (US) are other major players in the water & wastewater treatment equipment market. In March 2017, SUEZ (France), along with Caisse de dépôt et placement du Québec (CDPQ) (Canada), acquired GE Water & Process Technologies (US). GE Water & Process Technologies is a global system and solutions provider for the water and wastewater treatment industry. This acquisition helped SUEZ (France) to broaden its product portfolio in the water & wastewater product lineup. This acquisition also enhanced the position of the company in the water & wastewater treatment equipment market.

In August 2016, Xylem (US) acquired Sensus (US), a worldwide leader in smart meters, network technologies, and innovative data solutions in the water treatment industry. This acquisition can enable Xylem to achieve growth in the market for water testing.

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