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Follow on Google News | Water Treatment Chemicals and Technology Market revenue Will reach $202.8 billion by 2024The pumping system market generated the highest revenue in 2016 and is expected to grow at a CAGR of 3.1% during the forecast period
By: Esticast "Health concerns that have come in front due to the presence of various inorganic and organic materials in water sources have increased the need to improve water quality. The growth of the water treatment market is largely fueled by the increased demand for the pure water and high usage of water treatment chemicals in various other applications worldwide." To know more about the report, visit at https://www.esticastresearch.com/ The pumping system market generated the highest revenue in 2016 and is expected to grow at a CAGR of 3.1% during the forecast period The pumping system market generated a revenue of nearly $105.5 billion in 2016 and is expected to dominate the market for the entire forecast period because the focus on energy-efficiency offers a considerable potential for growth. Moreover, environmental compliance with increasingly stringent regulations has a significant impact on the market. However, the membrane system market is expected to grow at the highest CAGR of 9.1% during the forecast period because of increasing use of microfiltration and ultra-filtration membranes in industrial wastewater treatment plants. Valves and Controls segment generated a revenue of $60 billion in 2016 Valves are high-tech equipment that moves the water through the numerous treatment processes. Different valves serve different functions and are specified for installation depending upon the volume, environment and purity requirements for the water. The market segment held nearly 57% of the global market share in 2016 and is expected to grow at a CAGR 3.1% during the forecast period. Environmental Legislations play a key role in determining the market's performance and future growth. Asia-Pacific led the market by generating a revenue of more than $55 billion in 2016 The market in Asia-Pacific is currently witnessing a positive trend that is being driven by increasing investments in water treatment. In addition, the development in the chemicals and oil and gas industries are expected to provide potential revenue growth for this market over the coming years. The APAC water treatment chemicals and technology market held a revenue share of nearly 38% in 2016. Water Treatment Chemical Market by Chemical Type, 2016, ($Million) European water treatment market follows the APAC market in terms of revenue generation as a result of stringent rules regarding improving standards and significant investments in the water and wastewater sector. Water Treatment Chemicals and Technology Market Key Findings • The global water treatment chemicals and technology market was valued at $147 billion in 2016, and is projected to reach $202.8 billion by 2024 • The pumping system market generated a revenue of nearly $105.5 billion in 2016 • Vales and Controls segment held nearly 57% of the global market share in 2016 and is expected to grow with a CAGR 3.1% during the forecast period • Asia-Pacific region lead the market by generating a revenue of more than $55 billion in 2016 AkzoNobel, a leading market player of the water treatment technology and chemicals market recently introduces its latest hybrid polymer which is sustainable, effective, and economical scale inhibitor for water treatment. Some other major companies of the market are, AkzoNobel N.V., Ashland Hercules, Kemira, Nalco, Ge Technology, Flowserve, Grundfos , Ebara and Pentair. About Us Esticast Research & Consulting is a research firm providing research reports on various industries with a unique combination of authenticity, extensive research, and infallibility. We provide syndicated market research reports, customization services, and consulting services to help businesses across the world in achieving their goals and overcoming complex challenges. We specialize in providing 360-degree view of the markets to assist clients in determining new opportunities and develop business strategies for the future with data and statistics on changing market dynamics. Esticast Research & Consulting Market Research has expert analysts and consultants with an ability to work in collaboration with clients to meet their business needs and give opportunities to thrive in a competitive world. A comprehensive analysis of industries ranging from healthcare to consumer goods and ICT to BFSI is provided by covering hundreds of industry segments. The research reports offering market forecasts, market entry strategies, and customer intelligence will help clients across the world in harnessing maximum value on their investment and realize their optimum potential. Contact Us: Kuladeep Kalita 410 State Route 57 East, #206, Washington, NJ 07882 United States Tel: (908)-379-7709 Fax: (908)-379-7709 Email: help@esticastresearch.com End
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