The new age packaged water treatment plants are factory-built which can be easily transported to the site of the requirement. These are highly suitable for small industries and residential complexes. The market is driven by the advantages of these systems such as these can be accommodated in small space and reduces civil, labor, and installation work. The key drivers of global packaged water treatment system market are rapid urbanization and industrialization across the globe. This is backed by the growing awareness among the population about environment safety. The market is driven by various factors such as rising industrialization, increasing urbanization, and government initiatives. The packaged water treatment system has various restraints that hinder the market such as high operational and maintenance cost.
The global packaged water treatment system is expected to grow at a 9% CAGR during the forecast period. In 2019, the market was led by Middle East & Africa, with a 36.5% share, followed by Asia-Pacific and North America with shares of 24.6% and 18.2%, respectively.
As the world’s population continues to grow, countries urbanize and economies expand, demand for water is continually rising and the packaged water treatment system has gained popularity across the globe. The market is moving ahead through innovative technologies, improved infrastructure and better conservation. As per the report, the market has been divided into following regions which includes Middle East & Africa, Asia-Pacific, North America, Europe and Latin America.
The major player operating in the market of global packaged water treatment system are GE Water & Process Technologies (U.S.), WPL Limited (U.K.), Veolia Water Technologies (France), RWL Water (U.S.), WesTech Engineering, Inc. (U.S.), Smith & Loveless Inc. (U.S.), Napier Reid (Canada), Enviroquip (U.S.), Corix Water System (Canada), Tonka Equipment Company (U.S.) and others.
The report for Global Packaged Water Treatment System Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Frequently Asked Questions (FAQ) :
The packaged water treatment system market can thrive at 9.41% CAGR by 2023.
On conclusion of forecast period, the packaged water treatment system market can achieve a sizable valuation.
Corix Water System (Canada), Enviroquip (U.S.), and Tonka Equipment Company (U.S.) are some noteworthy companies in the packaged water treatment system market.
MBR 29, MBBR, Extended Aeration 29, Reverse Osmosis, and SBR are types of packaged water treatment systems
North America packaged water treatment system market poised to achieve considerable value due to surge in reverse osmosis utility.