Wastewater treatment is the industrial process of converting wastewater into soft water to make it usable for industrial processing. Wastewater treatment equipment is required to remove microbial contaminants such as viruses, unwanted bacteria, protozoa, and other suspended solid particles from water. Usage of poor water quality in industry is hazardous for processing. Wastewater treatment is carried out to reduce the TSS (Total Suspended Solids) levels. Removal of microorganisms and suspended solids are done by differentiating the biological, physical, and chemical properties of water. Wastewater treatment equipment are selected based on the properties of water and its constituents such as quantity, boiling point density, melting point, and velocity.
In manufacturing industries, water is converted to acceptable levels of usage and discharged out of the factories. Increasing usage of water in the manufacturing industry is expected to enhance the demand for industrial wastewater treatment equipment. Rapid growth oil and gas reserves, and in food, pharmaceuticals, and chemical sectors is driving the market. Moreover, the market is witnessing development of advanced and effective industrial wastewater treatment technology. It involves many technologies such as membrane based fuel cell and MBR, treat-to-discharge, recycle, reuse etc.
Strict government rules and regulations across the globe regarding industrial wastewater is also expected to be one of the key driving factors for the growth of the wastewater treatment equipment market during the forecast period. Rising environmental concerns and concerns related to health of people who reside close to industrial areas is driving the growth of the industrial wastewater treatment equipment market.
Major sources of fresh water such as rivers, lakes, wells, and municipal water systems are polluted to a great extent. This has resulted in increased occurrence of cancer, liver damage, and other serious infections. Demand for industrial wastewater treatment equipment is projected to rise over the forecast period in order to combat these diseases. However, regular cost of maintenance is a major factor restraining the market. The market however has potential opportunity in terms of targeting CSR activities, construction of industrial water treatment plants, innovative designs of the product, and advanced technology.
The industrial wastewater treatment equipment market can be segmented on the basis of product, end-user, distribution channel, and geography. In terms of product, the industrial wastewater treatment equipment market is segmented into ultrafiltration systems, vacuum evaporation & distillation, reverse osmosis systems, tramp oil filter, and others. On the basis of end-user, the industrial wastewater treatment equipment market is bifurcated into food and beverages, chemical, pharmaceutical, power and energy etc. Based on distribution channel, the industrial wastewater treatment equipment market is segmented into online channels and offline channels.
In terms of geography, the industrial wastewater treatment equipment market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific is anticipated to dominate the industrial wastewater treatment equipment market during the forecast period due to increasing population and rising awareness about consuming safe and clean water. North America coupled with Europe is expected to gain huge demand for the industrial wastewater treatment equipment market due to high standard of living and increasing health concerns among the people. The market in Middle East & South America is likely to show significant growth due to rising number of manufacturing industries.
Major players in the industrial wastewater treatment equipment market are Danaher Corporation, Filtronics Incorporated, Xylem, Treatment Equipment Company Inc., Hartwell Environmental Corp., Carotek, Inc., Toro Equipment, Aqseptence Group GmbH, etc. The players adopt new product development, acquisitions, mergers, and agreements as their key development strategy to remain competitive in the market. Rising demand for clean water across the globe has intensified the competition among players; as a result, they are expanding their product portfolio to strengthen their foothold in the market.