Global Municipal Water and Wastewater Treatment Equipment Market 2019-2023
About this market
The implementation of IoT based technologies will be a major trend in the market. The digital technology will help in the accumulation of data required for proper treatment of the plant. Technavio’s analysts have predicted that the municipal water and wastewater treatment equipment market will register a CAGR of close to 5% by 2023.
Growing demand for reclaimed water
Reclaimed water is an advanced treated an recycled water used for various purposes such as irrigation. It can also be used for human and domestic consumption.
Infrastructure requirement for water treatment
Lack of infrastructure associated with water treatment is one of the major challenges declining the growth of the municipal water and wastewater treatment equipment market.
For the detailed list of factors that will drive and challenge the growth of the municipal water and wastewater treatment equipment market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including SUEZ and Veolia the competitive environment is quite intense. Factors such as the implementation of IoT based technologies and the growing demand for reclaimed water, will provide considerable growth opportunities to municipal water and wastewater treatment equipment manufactures. DowDuPont, Evoqua Water Technologies, Hitachi Zosen, SUEZ, and Veolia are some of the major companies covered in this report.
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