The water treatment and recycling industry basically constitutes of different kinds of water treatment plants such as ETPs (Effluent Treatment Plants), STPs (Sewage Treatment Plants) and water recycling plants. Fast paced urbanisation along with economic development in the developing countries is generating the need for efficient water management solutions.
Additionally, a revival in the manufacturing sector on a global scale is also increasing the demand, as production in different manufacturing units initiates the need for water and water recycling, given the growing need for water conservation and constricting environmental regulations. Substitute of the old water infrastructure in the regions of North America and Europe is also facilitating the market growth.
Numerous businesses all across the world have come up with industrial grade water treatment and recyclying solutions. The global waste water recycling solutions and services that include chemicals and equipment, operational services, building and infrastructure services, design and consulting services and monitoring and maintenance generated a revenue of about $185 billion in 2014, which is projected to grow at a CAGR of about 10 percent during the years of 2015-2024.
Equipment and Chemicals constitute the largest segment of global water treatment & water recycling solutions and services market. The growth is stemmed by growing population, urbanization, improving manufacturing activity, and rising oil and gas production, amongst others.
However, many countries around the world have started implementing water treatment processes so that industrial waste water or sewage water could be recycled and put into efective use.Kuwait, Israel, Singapore and Egypt are the countries with 91 percent, 85 percent, 35 percent and 32 percent of their waste water reuse respectively. The market for water recycle and reuse still holds huge opportunities in the countries like Australia, USA, India and China, where the water recycling rate is less than 20 percent.
Industry reports say that there are 3,000 water treatment and reuse facilities globally that are carrying along the work. In fact, china has installed an additional capacity of 10.7 million cubic metres between the years of 2009 and 2016. At the same time, the US has installed an additional capacity of 5.9 million cubic metres.
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