Increasing price of drinking water driving growth in global water treatment market
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The global water and wastewater treatment will expand at a compound annual growth rate (CAGR) of 10.53 percent between 2012 and 2016, a new forecast from TechNavio predicts.
According to analysts, one of the key factors contributing to this market growth is the increasing price of purchasing and using fresh water. The market has also witnessed an increased water demand, leading to a major gap between water demand and supply. However, the lack of infrastructure in the wastewater treatment industry could pose a challenge to the growth of this market, TechNavio says.
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The report covers the Americas and the Asia-Pacific regions and Western Europe. It also covers the global water and wastewater treatment equipment market landscape and its growth prospects in the coming years.
The key vendors dominating this market space include Abengoa SA, Acciona SA, Danfoss A/S and GE Infrastructure Water and Process Technologies Inc.