Global Packaged Water Treatment System Market To Expand At A Notable CAGR Of 9.41% In The Forthcoming Years

Market Overview:

Water treatment is carried out for treating contaminated or polluted water to make it suitable for drinking, irrigation, industrial water supply and other uses. Market Research Future has published a report stating that the global packaged water treatment system market is marked to expand at a notable CAGR of 9.41% by the end of year 2023. 

Market Drivers and Restraints:

With rapid rise in global population, the demand for clean water is increasing, which is majorly fueling the growth of the global packaged water treatment system market. Industrialization and urbanization are the major factors that are increasing water pollution due to poor wastewater management in large industries and also on domestic level. Increasing water pollution and contamination due to anthropogenic factors is inducing high demand for effective water treatment solutions, leading to the significant expansion of the global packaged water treatment system market.

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The prominent players in the global market are introducing highly effective portable water treatment systems, making it available for domestic use. Increased sales of water filtration and disinfecting equipment, high disposable income and growing population are some of the major factors that are propelling the growth of the global packaged water treatment system market. However, high operational and maintenance cost is impacting negatively on the growth of the global packaged water treatment system market during the forecast period.

Market Segmentation:

The global packaged water treatment system market has been segmented on the basis of type and end-use. Based on type, the packaged water treatment system market has been segmented into extended aeration, membrane bioreactor (MBR), moving bed biofilm reactor (MBBR), reverse osmosis, SBR and others. The extended aeration segment is anticipated to expand at a comparatively faster growth rate owing to the low initial cost related to this system. Based on application, the packaged water treatment system market has been segmented into industrial, municipal and others. The municipal application segment is anticipated to expand significantly in the global packaged water treatment system market owing to the high demand for water treatment plants in urban areas for treating large quantity of wastewater generated due to domestic activities.

Regional Analysis:

Geographically, the global packaged water treatment system market is segmented into five major regions such as the Middle East and Africa, Europe, Asia Pacific, North America and Latin America. The global packaged water treatment system market is currently being led by the Middle East and Africa region owing to the rising urbanization in developing areas and high demand for clean water for domestic due to the lack of fresh water sources in this region. Increasing awareness regarding the health hazards of using polluted and contaminated water is majorly driving the packaged water treatment system market in the Asia Pacific region. The packaged water treatment system market in the North America region is driven by the high demand for clean water in the rapidly urbanizing areas of this region. The Europe region is projecting significant growth in the global packaged water treatment system market owing to the increasing demand for water purification of the industrial wastewater in this region.  

Competitive Analysis:

The global packaged water treatment system market is highly competitive due to the presence of large number of players that are focusing on business expansion through strategic mergers and acquisitions. The increased research and development investment for introduction of highly efficient and advanced water treatment devices is aiding the manufacturers to gain competitive edge in the global packaged water treatment system market.

The major players profiled by MRFR in the global packaged water treatment system market are GE Water & Process Technologies (the U.S.), WPL Limited (the U.K.), Veolia Water Technologies (France), RWL Water (the U.S.), WesTech Engineering, Inc. (the U.S.), Smith & Loveless Inc. (the U.S.), Napier Reid (Canada), Enviroquip (the U.S.), Corix Water System (Canada), Tonka Equipment Company (the U.S.) and others.

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