According to a new market research report published by Credence Research “Water Treatment Equipment Market (by Equipment Type: Conventional Filter, Membrane Equipment, Disinfection Equipment, Deionization Equipment, and Distillation Equipment; by End-users: Municipal, Industrial Manufacturing, Commercial & Residential, Power Generation and Others (Agriculture, Mining, Refining, etc.) - Growth, Future Prospects, and Competitive Landscape, 2018-2026”, the water treatment equipment market was valued US$ 51.05 Bn in 2017 and estimated to grow with a CAGR of 6.1% during the forecast period from 2018 to 2026.
Global population is growing at rate of 1.13% per year. Although the growth rate seems to be small but at this rate 80 Mn people every year adds to the global population and resources to feed them are shrinking at an alarming rate. One of the most important resource for human existence is fresh water which is no exception of rapid depletion. According to World Wildlife Fund (WWF), approximately 1.1 Bn people do not have access to safe clean water and almost 2.7 Bn people face scarcity of water. 2 Mn people with children in majority die from drinking waterborne diseases and the rate projected to multiply in coming years.
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Besides, long terms contracts and strategic partnerships is a vital strategy for companies willing to lead the market. Few of the major notable players profiled in this research study include Danaher Corporation, General Electric, Pentair Limited, Parker-Hannifin Corporation, Siemens AG, 3M Company, Veolia Environnement, Xylem Incorporated, Doosan Heavy Industries and Construction, Dow Chemical among others.