Water Market: Overview
Water is an essential element and is utilized in all
sectors. The global water market provides water for residential purposes,
commercial purposes, industrial purposes, and many more. The industrial sector
itself comprises many industries in it such as power generation, pulp and paper,
refining and petrochemicals, food and beverages, microelectronics, oil and gas,
pharmaceutical, and mining. Every sector requires water which is fresh, but
requirement is more than availability. According to the data from UN Water, in
developing countries, 70% of industrial waste is dumped untreated into waters
where they pollute the usable water supply; every day, 2 million tons of human
waste are disposed of in water courses. Thus, recycling wastewater becomes
important. The scarcity of freshwater is compelling the municipal and
industrial sectors to invest in the reusability of wastewater. The commonly
used methods for treating wastewater are separation of oil and water, removal
of suspended solids and dissolved solids, biological treatment, and oxidation
and disinfection. Increasing investments on these methodologies have greatly
impacted the market growth in a positive way.
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Water Market: Segmentation
The global water market can be segmented based on its
end-use and regions. On the basis of end-use, the global market is categorized
into residential, commercial, agricultural, and industrial sectors. Further,
the residential segment is sub-segmented into indoor and outdoor purposes.
Based on the regions, the global water market is classified into Asia Pacific,
Europe, North America, Latin America, and the Middle East and Africa.
Water Market: Growth Factors
The main reason for the global water market to grow is
urbanization and industrialization. Developing countries are main regions where
the market is growing owing to the above mentioned reasons. The rapid increase
in population and growth in economy are factors boosting the water market
growth. The requirement of fresh water has increased the necessity for using
the available water carefully. Not only developing countries are contributing
to the market growth but developed nations have also added their share. Smart
water solutions have gained importance in the recent years owing to water
scarcity, leak detection, and network efficiency. In the countries where
agriculture is still the main occupation, the demand for the water market is
high in these regions. The commercial sectors such as hospital, hotels, and
others are the end-users driving the global water market growth.
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Water Market: Regional Analysis
Asia Pacific dominates the global water market mainly owing
to the growth in the manufacturing and construction industries, which in turn
has increased the demand for water. Growing population in this region also
plays a vital role in the water market growth. Furthermore, countries such as
India, China, and Japan are supporting the water market growth as the
government has made large investments in waste water treatment processes in
order to encourage urbanization. Bottled water and increasing use of water in different
sectors are other factors driving the European water market growth. The quality
of water is poor in regions such as the Middle East and North Africa; hence the
scope for the growth of the water market is positive in these regions.
Water Market: Competitive Players
Some of the major players operating in the global water
market are ITT Corporation, Xylem Inc., United Utilities Group PLC, American
Water, Nalco Water, The Danaher Corporation, Suez Environnement S.A., and
Siemens Water Technologies Corp.
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Global Water Market: Regional Segment Analysis
·
North America
o
U.S.
·
Europe
o
UK
o
France
o
Germany
·
Asia Pacific
o
China
o
Japan
o
India
·
Latin America
o
Brazil
·
The Middle East and
Africa
What Report Provides
·
Full in-depth analysis
of the parent market
·
Important changes in
market dynamics
·
Segmentation details of
the market
·
Former, on-going, and
projected market analysis in terms of volume and value
·
Assessment of niche
industry developments
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