The report “Packaged Water Treatment System Market by Technology Type (Extended Aeration, MBR, MBBR, SBR, Reverse Osmosis), Application (Municipal Wastewater, Industrial Wastewater, and Drinking Water) and Region – Global Forecast to 2021”, The global packaged water treatment system market was valued at USD 12.07 Billion in 2015, and is projected to reach USD 21.83 Billion by 2021, at a CAGR of 10.4% between 2016 and 2021. This growth can be mainly attributed to the increasing population, urbanization, and industrialization. The stringent regulatory and sustainability mandates concerning the environment also play a major role in the growth of the global packaged water treatment system market.
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Packaged water treatment systems are pre-engineered systems designed to treat water for a variety of applications, ranging from residential to industrial. These systems use a combination of filtration, sedimentation, oxidation, and disinfection processes to remove contaminants from water sources. These systems can be used to treat water for drinking, industrial processes, wastewater treatment, and more. The demand for packaged water treatment systems is increasing due to the growing need for clean, safe water sources. As the global population continues to grow and access to clean water is becoming more limited, the demand for these systems will continue to increase.
The extended aeration segment led the global packaged water treatment system market in 2015
Among technology types, extended aeration is expected to account for the largest share in the packaged water treatment system market. It is also projected to be the fastest-growing type of packaged water treatment system market between 2016 and 2021. In comparison to other treatment systems, the initial investments and costs involved are less in extended aeration, thus driving the demand for this technology.
Municipal wastewater treatment is the fastest-growing application segment during the forecast period
The municipal wastewater treatment application segment accounts for the largest share of the global packaged water treatment system market, and is also the fastest-growing segment of this market. Due to its compact size, packaged water treatment system systems can fit easily and be used in residential and urbanized areas. Municipal wastewater treatment, hence, remains the largest application area for packaged water treatment system market.
Middle East & Africa is the largest and the fastest-growing regional segment of the global packaged water treatment system
Middle East & Africa led the global packaged water treatment system market in 2015 and accounted for the largest share, followed by Europe and North America. The market in this region is experiencing increased packaged water treatment system services in municipal and industrial wastewater treatment, as these regions have little or no fresh water sources. Saudi Arabia is expected to witness the highest growth during the forecast period.
The North American market for packaged water treatment systems is expected to witness significant growth during the forecast period. The growth of this market is attributed to the increasing demand for safe drinking water and stringent government regulations for water treatment. The rising demand for water due to population growth, industrialization, and urbanization has led to the increasing contamination of water bodies. This has resulted in the need for efficient water treatment systems. Moreover, the increasing awareness about environmental issues and the availability of advanced packaged water treatment systems are expected to propel the growth of the packaged water treatment systems market in this region
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Some of the major market players in this market include Veolia Water Technologies (France), GE Water & Process Technologies (U.S.), RWL Water (U.S.), WPL International (U.K.), Smith & Loveless INC. (U.S.), and others.
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