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Key Players Operational in the Market is Majorly Focusing on New Product and Technology Launch in Packaged Water Treatment System Market
The global packaged water treatment system market is estimated to be valued at USD 13.31 Billion in 2016 and is projected to grow at a CAGR of 10.4% between 2016 and 2021 to reach USD 21.83 Billion by 2021. The Middle East and Africa region is estimated to lead the market in 2016, followed by Europe and North America.
Increasing population, dependence of economies for crude oil, minerals, chemicals, along with the rising demand for electricity by emerging as well as developed economies are expected to drive the global packaged water treatment system market during the forecast period.
This market is led by key players, such as 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. These companies are considered as leaders in the rapidly-evolving market. Substantial investments have been made in the past few years by these companies to address the future demand of packaged water treatment system arising from the growing population, urbanization, and industrialization.
Key players operational in the market are majorly focusing on new product and technology launch, along with few acquisitions and expansions. Companies are adopting these strategies for capacity expansion of existing facilities and installation of new facilities to achieve better performance qualities, economies of scale, product innovation, and to simultaneously address the increasing demand of packaged water treatment system. Veolia Water Technologies launched Package Exelys, a standard range of continuous thermal hydrolysis units for small to medium sludge digestion plants, in October 2015. Earlier in February 2015, it launched Orion, the next generation purified water technology. GE water & process technologies launched two new products, namely, the ZeeWeed 1500 RMS and the ZeeWeed 1000 NGC, for seawater pre-treatment to reverse osmosis (RO) systems.
GE water & process technologies launched a new, horizontally-designed water treatment technology ZeeWeed 700B, in May 2016, for offshore oil & gas industry. Earlier in April 2016, the company installed advanced zero liquid discharge (ZLD) technology at the Shaanxi Future Energy Chemical Co., Ltd. in Shaanxi Province, China, in order to meet new regulations of the Government of China.
Apart from product and technology launch, expansions and acquisitions strategies are also adopted by key players operational in the global packaged water treatment system market. Veolia Water Solutions & Technologies expanded the existing water treatment facilities for the second phase of a new bioscience facility in Singapore, in April 2013. GE water & process technologies opened a new mobile water service center in Edmonton, Alberta, in June 2015. It also acquired the Netherlands-based IMT Solutions, a manufacturer of ultrafiltration and microfiltration membranes for water treatment in October 2015. RWL Water Group acquired the key assets of Tipton Environmental International Inc. (U.S.) from Aeromix, Inc, (U.S.), in March 2013.
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
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