Mergers & Acquisitions and Expansions Were the Key Strategies Adopted by the Leading Players to Strengthen their Positions in the Water & Wastewater Treatment Equipment Market.
The water & wastewater treatment equipment market is estimated at USD 24.62 Billion in 2017 and is projected to reach USD 33.22 Billion by 2022, at a CAGR of 6.2% between 2017 and 2022. Mergers & acquisitions, expansions and, new product launches were the key strategies adopted by the major players to strengthen their foothold in the market. The North American region, followed by the Europe and Asia Pacific, witnessed the maximum number of strategic developments undertaken by various players between 2012 and 2017.
Key players operating in the water & wastewater treatment equipment market are Veolia Water Solutions & Technologies (France), SUEZ (France), Xylem (US), Dow Water & Process Solutions (US), Evoqua Water Technologies (US), Aquatech International (US), Ecolab (US), 3M (US), and Pentair (US). Veolia Water Solutions & Technologies is one of the leading manufacturers of water & wastewater treatment equipment around the globe. The company has been focusing on expansions as a key strategy to maintain its leading position in the water & wastewater treatment equipment market. For instance, in May 2016, the company established the world’s biggest sludge treatment and retrieval plant in Hong Kong. It is planned to treat wastewater from 11 wastewater sources in the region.
SUEZ (France), Xylem, (US), and Dow Water & Process Solutions (US) are other major players in the water & wastewater treatment equipment market. In March 2017, SUEZ (France), along with Caisse de dépôt et placement du Québec (CDPQ) (Canada), acquired GE Water & Process Technologies (US). GE Water & Process Technologies is a global system and solutions provider for the water and wastewater treatment industry. This acquisition helped SUEZ (France) to broaden its product portfolio in the water & wastewater product lineup. This acquisition also enhanced the position of the company in the water & wastewater treatment equipment market.
In August 2016, Xylem (US) acquired Sensus (US), a worldwide leader in smart meters, network technologies, and innovative data solutions in the water treatment industry. This acquisition can enable Xylem to achieve growth in the market for water testing.
Related Reports:
Water & Wastewater Treatment Equipment Market by Product Type (Filtration (Granular/Sand Filtration, Adsorption, RO, MF), Disinfection (Chlorine, UV), Desalination, Testing), Application (Municipal, Industrial), and Region - Global Forecast to 2022
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