Global Industrial Water Purifier Market 2017-2021
About Industrial Water Purifiers
Water purification is a process that changes used or polluted water to its natural state, making it suitable for various applications. This process uses different methods to remove unwanted elements, such as solids, algae, bacteria, plants, and organic and inorganic compounds. For instance, sedimentation and filtration remove unwanted solids from the water.
Technavio’s analysts forecast the global industrial water purifiers market to grow at a CAGR of 5.68% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial water prufiers market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of industrial water purifiers.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial Water Purifier Market 2017-2021
Technavio recognizes the following companies as the key players in the global industrial water purifier market: GE Water & Process Technologies, Lenntech, Pall, and Veolia
Other Prominent Vendors in the market are: Aquatech, Calgon Carbon, ChemTreat, Danaher, Evoqua Water Technologies, ENGIE, NALCO Water, Outotec, RWL Water, and WTE Infra Projects
Commenting on the report, an analyst from Technavio’s team said: “Water purification is gaining importance because of the shrinking water resources worldwide and increasing wastewater disposal costs. In 2014, around 11.12% of the global population lacked access to water globally and four out of 10 people lacked access to improved sanitation. Regions such as the Middle East, North Africa, and South East Asia are expected to face severe water shortage in the next decade, resulting from bad water management and improper reuse. In 2015, water crises were ranked the number one global risk by impact, according to the World Economic Forum.”
According to the report, rapid industrial development has changed the social and economic structure of society with transformation of an agrarian-based society to an industrial society. The modernization of lifestyles has driven large-scale industrial production. Various industries such as oil and gas, power generation, refineries, mining, construction, food and beverage, steel manufacturing, electronics, and pharmaceuticals are contributing to the contamination of water resources. This has resulted in increased use of water by industries.
Further, the report states that the power industry is the largest consumer of water and end-user for water purification systems among industries. Water is extensively used in the power industry as feedwater for generating steam in fossil powered plants and cooling in nuclear power plants. In the US alone, about 69.35 trillion gallons of water per year is required for generating power from fossil and nuclear power plants. The feedwater used for power generation and cooling can be used for generating steam or cooling only after it is treated. This is because impurities can lead to corrosion or sediment formations inside the equipment. Efforts are being made to reduce the dependency on fossil fuel as it is one of the major contributors to emissions.
GE Water & Process Technologies, Lenntech, Pall, Veolia, Aquatech, Calgon Carbon, ChemTreat, Danaher, Evoqua Water Technologies, ENGIE, NALCO Water, Outotec, RWL Water, WTE Infra Projects.