Wastewater Treatment Equipment Market Size, COVID19 Impact Analysis, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI273
Global wastewater treatment equipment market is expanding with robust need for managing effluents from industrial processing operations. A cost-effective approach to reduce water consumption has become pivotal as the global population zooms towards 9.7 billion people by 2050.
Wastewater treatment includes special processes to remove organic matter and other contaminants from industrial wastewater. Suitable equipment are used in facilities like food processing units, chemical factories, pharmaceutical companies and many others to make the wastewater safe and clean to discharge back into the environment. For instance, a pulp and paper production facility may have an on-site wastewater treatment plant to decontaminate chemical-filled process water.
Water scarcity in developing countries and some parts of North America has led to a renewed focus on desalination technology to remove impurities such as salts from seawater or brackish water. Global focus on desalination plants will strengthen as they can turn the seawater into potable drinking water for the areas where there is a lack of access to clean water. Notably, the World Bank had announced an investment of USD 15 million grant in February 2020 toward the Desalination program for Palestinians in Gaza.
Key participants in wastewater treatment equipment market are Danaher Corporation, the Dow Chemical Company, Xylem Inc, Aquatech International Corporation, GE Water & Process Technologies, Ashland Water Technologies, Kemira OYJ, Degremont SAS, GDF SUEZ S.A. and Veolia Environment SA, among some others.
The leading companies are emphasizing toward product portfolio expansions through mergers and acquisitions as well as R&D investments. Veolia and Suez reached a merger agreement in April 2021 as for focusing on the municipal water treatment and solid waste activities in France. Thermo Fisher Scientific rolled out the total residual oxidant analyzer to address the demands of the wastewater industry. The product can provide high sensitivity for low-level chlorine measurements. Similar development efforts will foster global wastewater treatment equipment market size.
Notable impacts of climate change on the water supply and sanitation (WSS) sector have fueled the trend for sustainability and technological developments. Entrepreneurs are observing interest from utilities to adopt compelling technologies. For instance, remote sensing has become popular to boost smart irrigation and water quality control. Analytics and sensor platforms that offer actionable and real-time insights with predictive capabilities for water supply management are other factors that can drive wastewater treatment equipment industry trends.
Impact of COVID-19 on wastewater treatment equipment market trends
As the global spread of COVID-19 virus is observed, wastewater treatment equipment providers are navigating through the avalanche of information on the impacts led by the pandemic. A potential knowledge gap and the need for further research and development are some of the challenges worldwide organizations are facing.
The production of long-lasting plastic materials used for PPE, reduction in recycling and surge in domestic solid residues will further the trend for wastewater treatment plants, augmenting global wastewater treatment equipment industry outlook.
An exponential rise in the use of disinfectants and sanitizers may influence the downstream biological wastewater treatment facility and the sewer systems. Studies indicate that the bacteria that are used to reduce nutrients (nitrogen and phosphorous) and BOD (organic material) may be negated if the anti-microbial concentration of these products is too high. This can further trigger effluent discharge, increased chemical costs, odors and maintenance issues.
Changing landscape and adoption of innovative technology solutions can contribute to competitiveness across wastewater treatment equipment market. Global brands will respond to advancements in manufacturing and process output to reduce harmful effluent discharge. Prevalent systems in use may continue to see traction and the use of important technologies such as desalination equipment will witness higher implementation.
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