Analysts Say Water Equipment Market 'Steady'
Dwindling water sources, growing industrialization, increased water pollution, and greater attention toward water quality together offer strong growth prospects for drinking water and wastewater treatment equipment, according to a new report by Global Industry Analysts, Inc.
The overall market is poised to experience steady growth due to stringent environmental regulations. Public water departments and private companies that supply potable water are one of the major users of water treatment technology. In developed countries, the major market driver is the need to conform to regulations, whereas in developing countries, poor public health amenities and the urgent need to improve it drives the market for treatment equipment.
The United States is the largest market for water treatment equipment worldwide. The market is estimated at $6.3 billion in 2007 (Global Industry Analysts, Inc). Europe is the second largest market followed by Asia at third position. Collectively, the United States, Europe, and Asia account for more than 68 percent of the global water treatment equipment market. The global and regional markets are expected to register compound annual growth rates (CAGRs) ranging between 3 percent and 11 percent. Industrial water treatment equipment is projected to gross sales of about $11 billion by 2010. Municipal water treatment equipment is forecast to register a CAGR exceeding 6 percent. Residential and commercial water treatment segments are expected to grow at a CAGR of 5 percent to 5.5 percent over the 2001-2010 period.
The marketplace is highly fragmented and characterized by the presence of several small regional players and few multinational water giants. Market participants include Asahi Kasei Corp., Aqua America Inc., BRITA, BWT AG, Calgon Carbon Corp., Culligan International, Cuno Inc., Dow Chemical Co., GE Water & Process Technologies, Groupe Novasep, Hitachi Plant Technologies Ltd., Koch Membrane Systems, Kurita Water Industries, Millipore Corp, Mitsubishi Rayon Co. Ltd., Nitto Denko Corp., Norit NV, Ozonia Corp., Pall Corp., Pentair Inc., Prominent Dosiertechnik GMBH, Siemens Water Technologies, Suez Environnement, Toray Industries, Trojan Technologies, TriSep, and Veolia Water.
"Water Treatment Equipment and Supplies: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, product profile, players, competition, recent developments, mergers, acquisitions, and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Japan, France, Germany, the United Kingdom, Italy, Spain, Asia, Latin America and Middle East/Africa. Analytics are provided in terms of product segments including Industrial, Municipal, Residential, and Commercial Markets.