According to the new market research 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”, published by MarketsandMarkets™, 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.
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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 growth of the global packaged water treatment system market.
Extended aeration segment led the global packaged water treatment system market in 2015
Among technology types, the 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.
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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.
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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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