In a recent published report, Kenneth Research has updated the market report for Water Treatment Technology Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Water Treatment Technology Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Water Treatment Technology Market is estimated to reach $216.9 Billion by 2024; growing at a CAGR of 4.7% from 2016 to 2024. Water treatment is a process of making water portable enough for human consumption or for industrial use. It removes chemical compounds, biological contaminants, and organic and inorganic compounds from water. A basic water treatment involves chemical, physical and biological processes to remove the contaminants. The required treatment may depend on the application. Moreover, the treatment also depends on the size and severity of contamination and must ensure compliance with national or international regulations. Additionally, technological innovations have led to the development of modern devices and techniques that can be used for determining the presence and level of harmful chemicals and microorganisms in water.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
The global water treatment technology market is driven by factors such as rising demand for water, rapid urbanization and industrialization, and government initiatives to setup advanced water treatment plants. However, high cost of setting up a treatment plant would hamper the market growth. Additionally, rising budgets to modernize the treatment plants, and depleting ground water could create market opportunities in years to come.
The global water treatment technology market is bifurcated as chemicals, pumping system, and membrane system. Chemicals are segmented into coagulants and flocculants, corrosion and scale inhibitors, activated carbon, anti-foamants and defoamers, biocides, and others. Pumping system is categorized into pumps, valves & controls, and automation systems. Furthermore, by membrane system type, the market is sub-segmented into electrodialysis, reverse osmosis, microfiltration, ultrafiltration, and gas separation & others.
By geography, the market has been bifurcated into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Canada, and Mexico are covered under North America wherein Europe covers UK, Germany, and others. Asia-Pacific covers China, Japan, and others. RoW covers South America, Middle East, and Africa.
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Key players include KSB Co., Akzo Nobel N.V., Buckman Laboratories International Inc., Solvay SA, BASF, Ashland Hercules, KITZ Corp., Kirloskar Ebara, GE Water and Process Technologies, and The Dow Chemical Company, among others.
The key takeaways from the report:
The report will provide a detailed analysis of Global Water Treatment Technology Market with respect to major segments such as chemicals, pumping system, and membrane system
The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Water Treatment Technology Market from 2015 to 2024 has been included in the report
Profile of the key players in the Global Water Treatment Technology Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Water Treatment Technology Market:
Chemical Segment
Coagulants and Flocculants
Corrosion and Scale Inhibitors
Activated Carbon
Anti-Foamants And Defoamers
Biocides
Other Chemicals
Pumping System Segment
Pumps
Valves & Controls
Automation Systems
Membrane System Segment
Electrodialysis
Reverse Osmosis
Microfiltration
Ultrafiltration
Gas Separation & Others
Geography Segment
North America
U.S.
Mexico
Other
Europe
U.K.
Germany
France
Italy
Other
Asia-Pacific
China
Japan
India
Other
RoW
South America
Middle East
Africa
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Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.
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