Packaged Water Treatment System Market
The Americas packaged water treatment system market is presumed to register 4.62 % CAGR during the forecast period (2016-2022), owing to the rising government initiatives towards improving health standards, asserts Market Research Future (MRFR). Packaged water systems are skid-mounted, pre-assembled, and factory tested systems with less requirement for installation and lower on-site construction cost. Water treatment systems are used to store abundant water and can be transported to the required site easily. Such water treatment systems are highly recommended for industries and residential complexes.
Drivers and Constraints Impacting the Market
With rapid industrialization and urbanization in South America, coupled with rising government initiatives towards improving health standards, the global market for packaged water treatment system in America is likely to boost during the assessment period. They are highly suitable for small and medium scale industries as well as residential complexes. Packaged water treatment systems require low space which is further triggering its demand.
On the flip side, high maintenance and operational costs are some of the major factors considered to impede the market growth in the coming years. Advanced technologies such as reverse osmosis and membrane bioreactors are more expensive than the extended aeration which is likely to inhibit the market growth.
Americas Packaged Water Treatment System Market: Segmental Analysis
Americas packaged water treatment system can be segmented on the basis of type, application, and region.
By mode of type, Americas packaged water treatment system can be segmented into MBR, MBR, SBR, extended aeration, reverse osmosis, and others. Among these, the segment for extended aeration leads the market and is presumed to expand at 5.48 % CAGR during the assessment period. Extended aeration is cost-effective and is highly used by major players in the South and North American regions.
By mode of application, Americas packaged water treatment system can be segmented into industrial, municipal, and others. Among these, the municipal segment dominates the packaged water treatment system market with 58.8 % of the market share. The growth is attributed to the urbanization and compact size of the system.
Regional Insights
Geographically, Americas packaged water treatment system span across North America and Latin America.
North America accounts for the largest market share with 73.52 %. The growth in this region is attributed to the rising awareness of environmental safety. Also, rising demand from the oil and gas industry coupled with the requirement for clean water is driving the North American market for packaged water treatment.
South American countries are registering continuous development in the manufacturing sector which is anticipated to bolster the market growth in this region. Moreover, several government initiatives in order to improve health standards are estimated to drive the market in the coming years.
Industry News
October 02, 2018: H2O Innovation Inc. has released its new packaged wastewater treatment product, the SILO, during World’s largest annual water quality technical conference and exhibition which was held in New Orleans. SILO is a simplified approach to membrane bioreactor treatment for smaller applications where ease of operation and low maintenance is necessary. The system is geared towards population between 100 and 2000 people. The system uses high concentrations of bacteria housed within a bioreactor which consume pollutants and are filtered out of the effluent with the help of sub-micron membrane filters.
Competitive Dashboard
The major players operating the global market are WesTech Engineering Inc. (U.S.), Napier-Reid Ltd. (Canada), GE Water & Process Technologies (U.S.), Corix Water System (Canada), Enviroquip (U.S.), RWL Water (U.S.), and Smith & Loveless Inc. (U.S.).
