On the eve of the COP21 conference, 184 countries covering around 95 per cent of global greenhouse gas emissions had delivered their national climate action plans to the UN Framework Convention on Climate Change (UNFCCC).
South African municipalities, like many others in developing countries such as China and India, are investing in water infrastructure through municipal projects. The report showed that in terms of revenue, the market for biological equipment was held at US$ 6,28 billion in 2015. This is said to grow considerably, especially through municipal initiatives.
Demand for fresh water boosts demand
The rising demand for fresh water around the globe, mainly due to a rapid increase in population size and industrialisation, is estimated to amplify market growth in years to come. This, in turn, is projected to enhance the requirements for secondary and tertiary treatment technology based equipment.
Expanding water treatment facilities
Local municipalities make up some of the key market players that are currently focusing on expanding their installed capacity of water treatment facilities. In April 2011, GE Water & Process Technologies completed the extension of its water treatment facility in Wuxi New Zone, China. The capacity has been doubled in order to curb the increasing demand of clean water and energy in China and other countries in the Asia Pacific region.
Other key finding of the report
The report noted that disinfection equipment was likely to be one of the fastest growing segments. This category accounted for 7,1% revenue share in 2015.
The requirement of chemical free water and wastewater treatments in the US and the UK is anticipated to increase the usage of UV disinfection systems. The report also noted that India is estimated to offer lucrative growth prospects over the coming years. High demand for potable water, increase in government initiatives for water reclamation, and the rising foreign investments by global market players such as Va Tech Wabag, Ecolab, and Suez Environnement SA are the major growth supporting factors of the industry in India. Europe generated revenue of over US$ 21,0 billion in 2015 and is anticipated to witness stable growth over the forecast period. The implementation of stringent water and wastewater regulations has propelled the research and development activities regarding water treatment nanotechnologies. However, the report noted that this scenario was likely to support the stable growth in Germany, France, and UK among other countries in the region. Some of the key players operating in the global water and wastewater treatment equipment market include:
- GE Water and Process Technologies
- Aquatech International Corporation
- Buckman Laboratories International
- Ashland
- Best Water Technology AG
- Culligan International Company
- Suez Environnement SA
- Veolia Environment SA
- Calgon Carbon Corporation
- Ecolab
