US demand for water treatment equipment to rise 6% annually through 2017
Demand for water treatment equipment in the United States is expected to grow by an average annual rate of 5.9 percent, reaching a total value of $13 billion in 2017, according to a new report by RnR Market Research.
Over the forecast period, growth is expected in every major sub-category on the market. The most rapidly growing segment of the market will be resource extraction, as more stringent requirements for produced water in the oil and gas industry, as well as in mining, are projected to push up demand. Meanwhile, the commercial and residential market is likely to pick up too, the report said. Ballast water treatment is also expected to show robust growth, while municipal and manufacturing segments are forecast to grow at a near-average rate.
In terms of products, gains will be realized mostly in disinfection and membrane equipment. One of the main drivers of the growth of the market is increasing interest in water treatment of biological contaminants and chemicals, fueled by concerns about their effect on the environment and public health. Demand for equipment that disinfects byproducts will also see solid growth, the report predicted.
Currently, U.S. water treatment equipment represents a $9.8 billion market. Estimates for its development over the next few years are based on analysis of historical data on demand for the period between 2002 and 2012, WhaTech reported.