Market Trends

Surging Demand for Electricity Spurs Growth in Water Treatment Equipment Market

NEW YORK, March 15, 2024 /PRNewswire/ -- The water treatment equipment market within the power industry is projected to escalate by 1.34 billion dollars from 2022 to 2027, progressing at a compound annual growth rate (CAGR) of 3.7% during the forecast period. Amidst a growing demand for electricity within the power sector, there has been a substantial surge in the water treatment equipment sector's growth. The necessity for more effective water treatment strategies is being driven by the need to handle increased volumes essential for paramount power plant operations. The implementation of advanced equipment, including filtration and reverse osmosis systems, is becoming increasingly critical to ensure water reuse, compliance with environmental regulations, and maintaining operational reliability. As the demand for power escalates, the investment in state-of-the-art water treatment solutions becomes paramount to sustain operations, improve environmental compliance, and enhance the resilience against unpredictable disruptions.

Technavio's report further discusses upcoming trends and challenges. To gain a detailed outlook, you can explore more by purchasing the report. Figure caption: Technavio has announced its latest market research report titled Global Water Treatment Equipment Market in Power Industry Market 2023-2027.

Comprehensive Report Coverage

Technavio provides an in-depth analysis within its report covering numerous market aspects. Here's a look at some of the key details:

• Page Number: 162 pages provide a thorough exploration of market dynamics.
• Base Year: The analysis is founded on data from the year 2022.
• Historic Period: Insight from the past five years, from 2017 to 2021, offers market context.
• Forecast Period: Trends and predictions from 2023 to 2027 guide decision-makers.
• Growth Momentum & CAGR: Look for the market to accelerate at a CAGR of 3.7%.
• Market Growth 2023-2027: Expect an impressive growth of 1.34 billion dollars in market size.
• Market Structure: Understand the fragmented nature of the market.
• Year-over-Year Growth: 2022-2023 is expected to see a 3.43% incremental growth.
• Regional Analysis: Dive into the specifics across APAC, Europe, North America, South America, and Middle East and Africa.
• Performing Market Contribution: APAC is expected to contribute notably, with a 45% share.
• Key Countries: Significant market players include the US, China, India, Japan, and Germany.

The market segmentation by type includes membrane separation, demineralization, ozonation, disinfection, and others. Additionally, application-based segmentation encompasses raw water treatment and wastewater treatment spanned across APAC, Europe, North America, South America, and Middle East and Africa.

Growth Drivers and Market Trends

A Look at Key Highlights

Recognized among the forefront of the market are key players such as 3M Co., Aquatech International LLC, and others pivotal to the industry. Notably, the Water Treatment Equipment Market in the Power Industry is characterized by its fragmented structure and is anticipated to experience a 3.43% year-over-year growth in 2023.

Technological innovations such as advanced monitoring and automation stand as vital factors propelling market growth. The complexity in operational management of water treatment remains a significant challenge impeding growth.

Key Segment Insights

The membrane separation segment is expected to command a substantial portion of the market growth during the forecast period. This technology plays a pivotal role in purifying components in liquids or gases using a semipermeable barrier, which filters based on size and other properties. The widespread use of separation processes like ultrafiltration and microfiltration assists in treating wastewater effectively, meeting environmental legislations, reducing pollution, and boosting the energy sector's efficiency. These factors contribute to the expected surge in this segment.

For a closer look at market contributions by the segments, you can request a free sample.

In-Depth Analyst Review

The global water and wastewater treatment equipment domain is scaling up, driven by demands for efficient and sustainable solutions. Stricter government directives for water quality improvement and public health protection are contributing to this trend. The deployment of state-of-the-art solutions like activated sludge treatment and biological treatments accentuates the prevailing momentum.

The Role of Partnerships and R&D

Partnerships among industry players and intensified R&D efforts are proving pivotal for continuity and development. Small to medium-sized enterprises especially are influential in propelling innovation and steering market prosperity. Companies such as LTIMindtree Limited stand out, working collaboratively with entities like Yorkshire Water to implement membrane filtration and ultraviolet disinfection systems.

The Power Industry's Water Needs

Water, both fresh and processed, remains critical throughout the various phases of energy production. The focus on effective water resource management has gained prominence, especially in areas plagued by scarcity and pollution, including the Asia Pacific and Middle East.

In the power industry, water treatment encompasses primary, secondary, and tertiary treatments that cater to municipal and industrial applications. Membrane filtration technology, such as ultrafiltration and reverse osmosis, is essential for the removal of contaminants like heavy metals, organic compounds, and industrial chemicals. The implementation of systems such as UV disinfection, activated carbon filters, and sand & gravel filtration are pivotal in enhancing water quality and fulfilling environmental standards.

Amid accelerating industrialization and urbanization, environmental pollution becomes an ever-increasing concern. Waste and wastewater management techniques like anaerobic digestion, flocculation, and coagulation are thus employed to alleviate environmental impacts of waste discharges.

In summary, the water treatment equipment market in the power industry is set for considerable growth. Market dynamics are evolving with the requirement to mitigate environmental footprints and uphold sustainable water practices. Technological advancements, coupled with adherence to environmental norms, will undeniably influence the market landscape, opening avenues for innovation and collaboration for a pristine, safer future.

Market Overview

The increasing focus on environmental conservation within the power sector heralds a promising uptick in advanced water treatment methods. Membrane filtration technologies, heralded for their high efficiency, are poised to become more prevalent, leading to enhanced water quality and reinforcing market expansion.

To acquire more insights into the market and its nuances, interested parties are invited to request a free sample.

Peering Into the Future: Related Reports

The produced water treatment market foreshadows a CAGR growth of 7.93% between 2022 and 2027, with projections of a 3.2 billion dollars increase in market size. Meanwhile, forecasts for the fracking water treatment market show an expected CAGR of 4.18% within the same period, with market size expansion by 1.2 billion dollars.

Table of Contents Preview

The extensive report includes an executive summary, followed by sections detailing market landscape, sizing, historical sizes, five forces analysis, segmentations, customer and geographic landscapes, drivers, challenges, trends, vendor landscape, analysis, and an exhaustive appendix.

About Technavio

Technavio surfaces as a visionary among global technology research and advisory companies. Their exhaustive analysis zeroes in on emerging market trends, offering actionable insights that businesses from all corners can harness to recognize market opportunities and solidify their market standings. Technavio's robust team of over 500 analysts and comprehensive reporting encompass more than 17,000 studies, spanning 800 technologies across 50 nations. Their clientele, inclusive of a variety of enterprise sizes and over 100 Fortune 500 companies, rely on Technavio's encyclopedic coverage, in-depth analysis, and acute market insights to navigate ever-changing market scenarios.

Contact Information

Technavio Research
Jesse Maida, Media & Marketing Executive, US: +1 844 364 1100, UK: +44 203 893 3200, Email: [email protected], Website: www.technavio.com

SOURCE: Technavio

For more detailed insights into the burgeoning water treatment equipment market in the power industry, put in your request to view a PDF sample of the report.

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In conclusion, the sharp increase in demand for efficient energy production has successfully driven the growth of the water treatment equipment market. With an ecosystem that thrives on innovation, regulatory compliance, and environmental sustainability, the future of this market looks to be not only prosperous but integral to the continuation of our global power supplies.