The Growth Momentum of the Water Resources Economy Market
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The Growth Momentum of the Water Resources Economy Market

In recent years, the world has been affected by extreme climates, and the supply of water services has begun to face major changes and tests, causing the world to face more serious water shortage problems. The fierce competition for water resources comes from the fact that the earth will face a 40% water shortage from 2030.
Published: Jun 29, 2021
The Growth Momentum of the Water Resources Economy Market

"Global Beauty Trends 2018" announced, "Water: The New Luxury"-water will become an expensive luxury. According to Global Water Intelligence (GWI) data, the global water conservancy industry output value reached 725.2 billion US dollars in 2018, and it is expected to grow by an average of 4.2% per year before 2022. Based on the future shortage of supply and no substitutes at all, the global market’s impact on water resources Demand will be transformed into a new driving force for economic growth.

  1. Smart water industry: Taiwan has developed a complete monitoring system, supplemented by algorithmic operation model simulation, which can provide solutions for water quality and quantity monitoring and scheduling decision-making. Applications include smart flood control, smart reservoirs, smart rivers, smart irrigation, Smart Water meters, smart groundwater, smart water management, etc. The industrial supply chain includes the upstream equipment end, the midstream system end, and the downstream service end of the vertical chain.
  2. Reclaimed water industry: Reclaimed water refers to wastewater that has been reclaimed and treated to meet the specific water quality required for the purpose it is being used. At present, the reclaimed water industry is regarded as a part of the water treatment industry in the market. The regulatory environment for renewable water resources will encourage businesses to increase the use of reclaimed water from external systems, enhance the efficiency of internal recycling water use, and improve the efficiency of water use.
    The reclaimed water project promoted by the Taiwan government is mainly to transform a public sewage treatment plant into a reclaimed water plant, enhance the recycling and reuse of regional water resources, and effectively stabilize the regional water supply.
  3. Cross-industry alliances going overseas: In the past, water-related industry clusters were mainly located in Taichung (water resources equipment), Changhua (water hardware), and eastern regions (deep seawater). In the future, they will combine major manufacturers, supporting manufacturers, and complementary industry manufacturers. Relevant industry manufacturers build horizontal and vertical networks to form a confluence of knowledge, intelligence, and business opportunities, and promote the formation of industrial clusters.

Looking to Southeast Asian countries, the common water problem is the poor quality of tap water. Under the constraints of huge infrastructure costs, it is foreseeable that the regional small-scale water purification market will grow rapidly, and Taiwan's potential reclaimed water industry will be competitive here.

The development and forecast of the water and wastewater treatment market:

The water market has always been a resource required by all walks of life, whether it is required for daily life or industrial manufacturing. Nowadays, the decline in water quality has become a global concern. "Water resources" directly affect the cost of water supply for public utilities, limit the amount of water available for use, and indirectly affect human health. In recent years, water pollution has been mainly caused by agriculture, domestic sewage, and industrial wastewater. Water pollution not only hurts the environment but also affects health and safety. Therefore, the treatment of water pollution is an issue that urgently needs attention in the world.

The water treatment plant collects sewage from industrial and municipal sources and treats it to a certain degree of purification, enabling it to be reused in agriculture, industry, and even as a source of drinking water. In recent years, one of the most significant improvements in the water industry has been the advancement of membrane technology. There are many new membrane materials used to treat and help reuse water. For example, polymer membranes and ceramic membranes. In recent years, the improvement of membrane technology has made it reasonable, efficient, and effective. The use of membrane technology is increasing, and therefore the water treatment industry is booming.

The market forecast for water and wastewater treatment is expected to grow from 2019 to 2025 at a compound annual growth rate of 6.5%, reaching $211.3 billion. Nowadays, the global water market demand is increasing day by day, and countries have also promulgated stricter regulatory issues. Environmental issues have made water and wastewater treatment systems more discussed than ever.

The rapid global population growth and urbanization, the increasing demand for water resources, the increasing attention to water quality and public health, the prevalence of water-borne diseases, the increase in industrial demand, and strict government regulations on wastewater treatment have all helped to increase the growth of the market. In addition, countries such as the United States, China, and India are paying more and more attention to sewage treatment, and the demand for drinking water in their communities has also become a driving force for market growth. However, for sewage water treatment equipment or water purifiers, operating and disposal costs hinder the growth of the market. In addition, aging water infrastructure, excessive energy consumption, and increased expenditure due to excess sludge production are major challenges for the entire water and wastewater treatment market.

From the analysis of the global market, the global water and wastewater treatment market is mainly divided into North America (the United States, Canada, and Mexico), Europe (France, Germany, the United Kingdom, Italy, Spain, and RoE), the Asia-Pacific region (China, Japan, India, Indonesia, RoAPAC), Latin America (Brazil, Chile, Argentina, and RoLATAM), and the Middle East and Africa. The Asia-Pacific region is expected to dominate the global water and wastewater treatment market, followed by North America, Europe, and Latin America. The majority of the region’s share is mainly attributable to population growth, increased demand for advanced residential water treatment, development of membrane technology, increased environmental degradation, reduced clean water supply, increased public sector investment in water infrastructure, and increased expenditure on research and development.

With the global emphasis on environmental protection of water resources, the scale of the global water treatment market has increased year by year and is mainly used in the industrial/production water treatment field. In the future, under the dual background of industrial development and environmental protection, global market demand for water treatment is expected to increase.

Published: Jun 29, 2021 Source :money, Source :globenewswire

  • Global
  • Market Economy
  • Water Market

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