The Wastewater Treatment Equipment Global Market Report 2023 by The Business Research Company, provides wastewater treatment equipment market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Wastewater Treatment Equipment Global Market Report 2023, the market size is expected to grow from $31.49 billion in 2022 to $32.77 billion in 2023 at a compound annual growth rate (CAGR) of 4.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global wastewater treatment equipment is expected to grow to $38.88 billion in 2027 at a CAGR of 4.4%.
The wastewater treatment equipment market is being driven by a rapidly increasing disposal of wastewater from the industrial as well as residential sectors. The high quantity of wastewater being disposed of is increasing the necessity to treat the water using wastewater treatment equipment.
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The wastewater treatment equipment market is segmented:
1) By Equipment: Filtration Equipment, Membrane Equipment, Thermal Distillation Equipment And Evaporators, Disinfection Equipment
2) By Process: Primary, Secondary, Tertiary
3) By Texture: Smooth, Textured
4) By Application: Municipal, Industrial
The increasing use of Internet of Things (IoT) sensors is the latest trend in the wastewater treatment equipment market. The Internet of Things (IoT) is a network of physical devices that communicate over the internet. The environmental sensors measure pollution-causing particles in air and water, thereby monitoring air or water quality. It also senses radiations and hazardous chemicals in the environment. A majority of the organizations that function in the water industry depend on the Supervisory Control and Data Acquisition (SCADA) systems to monitor the water distribution systems. The use of IoT in water systems uses smart sensors that detect information about the water quality, temperature changes, pressure changes, and potentially any chemical leaks. For instance, companies in the water treatment industry such as Biz4solutions company, are providing innovative solutions for effective wastewater management and water testing analytics through IoT systematic water management to manage water recycling, reduce the number of water leakages, and efficiently manage wastewater.
The wastewater treatment equipment market report table of contents includes:
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Top Major Players
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