Requirement to Efficiently and Effectively Manage Water and Sewage Expected to will fuel the Industrial Water Management Market Growth
Industrial water management involves deployment of sustainable solutions for water and wastewater management in industries to ensure optimum utilization of fresh water sources and of water conservation. These solutions aid companies to reduce adverse environmental impacts, enhance their internal workflow processes with optimum costs, and adhere to stringent regional regulations. These solutions have environmental, social, and economic benefits and this is expected to aid the companies in the near future.
Requirement to efficiently and effectively manage water and sewage, with minimum capital is expected to be among the prominent factors, expected to will fuel the industrial water management market growth
According to Worldometers.info, around 20% of the global water is consumed by industries purposes, with agriculture sector being the largest, accounting for over 70%. Moreover, there are some countries, wherein the industries consumer over 50% of the sources available for human consumption. For instance, industries in Belgium utilize around 80% of the available sources. In order to reduce the potential adverse impacts of wastewater discharges and pollution, which majorly constitutes nutrients, pathogens, metals, inorganic and organic chemicals, heat, and oil sediments, companies are increasingly investing in water management solutions. Companies are focusing on enhancing in-house reusability of the available sources and this is another factor aiding in growth of the market over the forecast period (2017–2025).
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Advent of IoT and other smart equipment such as metering, pressure monitoring are expected to be factors fueling growth of the industrial water management market
Remote management of processes reduces the capital requirement for additional workforce at each end-points. Proper investigation of utilization of water has shown that, not all the internal processes require drinking quality water and can be reused within the industry or between industries. For instance, polishing machine requires water with certain particulate levels. Adoption of settling tank and greywater treatment could aid in reusability of the available volume of water. Other options include use of aerated ponds, hybrid controlled wetlands, and free surface constructed wetlands, among others. Furthermore, treatment options can also include utilization of wastewater for biogas production such as UASB reactors and biogas settlers. These are among some of the key factors that may id in growth of the industrial water management market.
Asia Pacific market is expected to exhibit strong growth potential over the forecast period
High population density in countries such as China, India, Japan, and Singapore is expected to present significant demands, primarily owing to the requirement sustainable utilization of the available water resources over the coming years. However, low awareness in the emerging economies regarding waste water management is a challenge to the industry growth. North America and Europe are expected to account for significant share in the global market owing to high awareness and stringent regulations regarding waste water management to promote conservation of resources. For instance, Clean Water Act (CWA) in the U.S. and Integrated Pollution and Prevention Control (IPPC) Directive for industrial installations in European Union are among few of the major regulations that aid in regulating the pollutant discharge in water bodies.
Some of the key players in the industrial water management market are ABB Group, Arad Group, Elster Group SE, General Electric Company, IBM Corporation, Itron Inc., Schneider Electric SE, Sensus, Siemens AG, and Takadu.
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