Mobile Water Treatment Market to Reach $574 Million by 2030
The mobile water treatment systems market is estimated to be valued at US$ 1,543.1 Mn in 2020 and add value worth US$ 1,952.0 Mn during the forecast period (2020-2030). The global mobile water treatment systems market is expected to be benefited from rapid development of industrial as well as rural sectors.
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In 2016, the US government launched water innovation strategy which emphasizes on the implementation of waste water recycling and advanced desalination techniques in the country. Such developments are expected to play an important role in the mobile water treatment systems market growth. Additionally, increasing implementation of desalination systems in the Middle East region has given rise to the desalination of water from the GCC countries by using thermal desalination and reverse osmosis to meet the potable water needs for residential as well as industrial applications. However, due to the COVID-19 outbreak, reduce in industrial output has decrease the demand of mobile water treatment systems.
Key Takeaways of the Mobile Water Treatment Systems Market Study
- The global mobile water treatment systems market is expected to grow at a value CAGR of 8.9% and expand 2.4Xthrough 2030.
- Microfiltration system will hold a maximum value share, and it is projected to create an absolute $ opportunity of US$ 726.8 Mn during the forecast period.
- Industrial use of mobile water treatment systems is expected to grow at a value CAGR of 9.5%, however, lose 178 BPS from its market share by 2030-end.
- Rental service accounts for nearly three-fifths of the overall mobile water treatment systems market value and the trend is likely to continue through 2030.
- North America will continue to remain the prominent regional market, accounting for more than 30% share of the global market.
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Key Segments of the Mobile Water Treatment Systems Market
The Fact.MR’s study on the mobile water treatment systems market offers information divided into four key segments-type, end user, service and flow rate across six regions. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.
Type
- Microfiltration
- Ultrafiltration
- Nano-Filtration/Reverse Osmosis
- Disinfection
End User
- Residential
- Municipal
- Commercial
- Industrial
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Service Providers Focus on Contracts & Agreements to Drive Growth
The global mobile water treatment systems market is highly competitive in nature. Key players are focusing on expanding their business operations through contracts & agreement. For instance,
- In January 2020, Veolia Water Technologies was awarded a contract by MODEC to supply seawater treatment package to be deployed at Brazil offshore
- In December 2019, SUEZ was awarded the contract for the management of the public service for drinking water production and distribution in urban and suburban areas in Senegal
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