China Waste Water Treatment (WWT) Technology Market - Segmented by Technology, Equipment, Application and Geography - Growth, Trends and Forecast (2018 - 2023)
The China wastewater treatment technology market is expected to witness a CAGR of approximately 12.8% during the forecasted period. The major factor driving the wastewater treatment technologies market in China is the stringent environmental regulations imposed by the government.
Stringent Emission Regulations
With the growth of the industrial sector in China, there has been an increase in the wastewater generation. In China, nearly 61.5% of groundwater and 28.8% of river water is classified as highly polluted and not suitable for usage. In order to tackle the contamination of the groundwater and river water caused by the industrial wastewater, the government has imposed stringent regulations to avoid water pollution. After the declaration of the 13th five-year plan, the government initiated Water Pollution Prevention and Control Action Plan, which primarily focus on preventing polluting industries from water contamination. Additionally, the government increased the penalties for violation of the norms. Therefore, such factors have led to an increase in the demand for wastewater treatment technologies, in the country, to a great extent. With the increasing levels of water pollution, the demand for waste water treatment technologies are expected to further rise during the forecast period.
Municipal Water and Waste Water Treatment is expected to have the Largest Share
The major applications of treatment technologies includes preliminary treatment, primary and secondary treatment, tertiary treatment, biological nutrient removal (BNR), resource recovery, and energy generation, etc. Moreover, municipal wastewater treatment involves a lot of biomass therefore, biological treatment is a major step used for the treatment of bio waste. Wastewater technology is primarily used in municipal wastewater treatment. Additionally, the country’s government has been focusing more on the reorganization of the pollutant treatment measures, including water and industrial wastewater treatment. Hence, due to such factors, the municipal sector in the country is expected to witness the highest demand for water treatment technologies in China during the forecast period.
Key Developments in the Market
March 2017: Suez, together with CDPQ, acquired GE Water, becoming a major player in the industrial water services market
Major Players: Mott Macdonald, OriginWater, Schlumberger, Suez Environment, and VA Tech Wabag GMBH, amongst others.
Reason to Purchase this Report
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating type and end-user industry in the market
Countries expected to witness the fastest growth during the forecast period
Identifying the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel
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