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The wastewater treatment equipment market consists of sales of wastewater treatment equipment and related services. Wastewater treatment equipment is used to treat solid, liquid, gaseous or radioactive substances, remediation and processing of effluent wastewater and waste matter from households, businesses and other organizations. Wastewater carries a mixture of suspended or dissolved solid wastes or effluents from residential, agricultural or industrial areas. The wastewater treatment equipment includes water filtration equipment, membrane equipment, thermal distillation equipment and evaporators, and disinfection equipment.
Global Wastewater Treatment Equipment Market Size And Drivers:
The global wastewater treatment equipment market is expected to grow from $28.24 billion in 2020 to $29.42 billion in 2021 at a compound annual growth rate (CAGR) of 4.2%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The wastewater treatment equipment market is expected to reach $34.47 billion in 2025 at a CAGR of 4%. The wastewater treatment equipment market is being driven by a rapidly increasing disposal of the wastewater from the industrial as well as residential sector.
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Trends In The Global Wastewater Treatment Equipment Market
The increasing use of Internet of Things (IoT) sensors is the latest trend in the wastewater treatment equipment market. The Internet of Things (IoT) is a network of physical devices that communicate over internet. The environmental sensors measure pollution causing particles in air and water, thereby monitoring air or water quality. It also senses radiations and hazardous chemicals in the environment. A majority of the organizations that function in the water industry depend on the Supervisory Control and Data Acquisition (SCADA) systems to monitor the water distribution systems. The use of IoT in water systems uses smart sensors that detect information about the water quality, temperature changes, pressure changes and potentially any chemical leaks. For instance, companies in the water treatment industry such as Biz4solutions company, are providing innovative solutions for effective waste water management and water testing analytics through IoT systematic water management in order to manage water recycling, reduce the amount of water leakages, and efficiently manage wastewater.
Global Wastewater Treatment Equipment Market Segments:
The global wastewater treatment equipment market is further segmented –
By Equipment: Filtration Equipment, Membrane Equipment, Thermal Distillation Equipment And Evaporators, Disinfection Equipment
By Application: Municipal, Industrial
By Process: Primary, Secondary, Tertiary
By Texture: Smooth, Textured
By Geography: The global wastewater treatment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Wastewater Treatment Equipment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides wastewater treatment equipment market overviews, analyzes and forecasts market size and growth for the global wastewater treatment equipment market, wastewater treatment equipment market share, wastewater treatment equipment market players, wastewater treatment equipment market segments and geographies, wastewater treatment equipment market’s leading competitors’ revenues, profiles and market shares. The wastewater treatment equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
