Global Water Treatment Equipment Market in Power Industry 2017-2021
About Water Treatment Equipment in Power Industry
Water treatment is the process used to produce water suitable for daily use by eliminating pollutants and contaminants. Wastewater generated can be treated to produce water that can be reused, thus addressing water scarcity prevalent in regions across the globe. Water management in the power sector is a high priority, as it helps the sector meet stringent environmental regulations and allows the processed water to be reclaimed and reused.
Technavio’s analysts forecast the global water treatment equipment market in power industry to grow at a CAGR of 7.00% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global water treatment equipment market in power industry for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Water Treatment Equipment Market in Power Industry 2017-2021
Technavio recognizes the following companies as the key players in the global water treatment equipment market in power industry: Degremont Industry, Evoqua Water Technologies, Ovivo, Pall, and Veolia.
Other Prominent Vendors in the market are: 3M, Aquatech International, Black & Veatch Holding Company, Calgon Carbon, ChemTreat, Evoqua Water Technologies, Fluence, Graver Technologies, Hydranautics, Lenntech, NALCO, Nomura Micro Science, Ovivo, and The Dow Chemical Company.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is depletion of freshwater resources. Water security is one of the fastest growing concerns across the world as the demand for water is continuously increasing across all sectors, while the number of water reserves has remained the same. According to IEA, as on 2014, fresh water accounted for only 2.5% of the global water reserves, and less than 1% was fit for human consumption.”
According to the report, one driver in the market is increasing demand for power. Rapid industrial development has changed the socio-economic structure of the society with the transformation from an agrarian-based society to an industry-based society. Modernization of social and economic lifestyle has led to large-scale industrial production. Various industries such as the oil and gas, power generation, mining, construction, food and beverage, steel manufacturing, electronics, and pharmaceutical are involved in contaminating water resources. Thus, with large-scale industrial production, the use of water by industries has increased.
Further, the report states that one challenge in the market is increasing use of renewables. Fossil fuels burning is one of the major contributors to emissions globally, and as on 2016, around three-fourths of the global electricity generation was from fossil fuels. The detriment effect of fossil fuel burning has been realized globally, which has shifted the focus to cleaner fuel sources such as nuclear power and renewable energy for power generation. Renewable energy capacity has grown dramatically, supported by subsidies through tax breaks, mandates, and regulations. This has increased the shares of renewables and alternative sources of energy in the global energy mix.
Degremont Industry, Evoqua Water Technologies, Ovivo, Pall, Veolia, 3M, Aquatech International, Black & Veatch Holding Company, Calgon Carbon, ChemTreat, Evoqua Water Technologies, Fluence, Graver Technologies, Hydranautics, Lenntech, NALCO, Nomura Micro Science, Ovivo, and The Dow Chemical Company.