Industrial Water Service Market to Experience Significant Growth by 2028

Market Synopsis: In 2020, the global industrial water service market demonstrated robust growth, with expectations of maintaining a steady revenue Compound Annual Growth Rate (CAGR) throughout the forecast period. This growth is propelled by several key factors, including the rapid expansion of industrial activities worldwide, heightened water consumption across diverse industrial sectors, technological advancements, and increasingly stringent governmental regulations pertaining to industrial water management. Furthermore, the market is buoyed by a growing focus on infrastructure development, enhanced water resource management, and advancements in membrane technology.
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Water holds indispensable importance in various industrial processes, spanning sectors such as pharmaceuticals, power generation, food and beverages, textiles, pulp and paper, oil and gas, and automotive industries. Industrial water treatment is crucial for manufacturing processes and disposal management. Typically, industrial water treatment encompasses raw water treatment, cooling tower treatment, boiler feed water treatment, and wastewater treatment. The treatment methods vary depending on the specific manufacturing requirements and the quality of raw water available in different regions.
Key Drivers of Global Industrial Water Service Market Growth: The surge in industrialization and the burgeoning manufacturing sector globally have propelled the demand for industrial water services in recent years. Factors driving revenue growth in the global industrial water service market include the escalating need for uninterrupted water supply in industries to meet the rising demand for various end products, population growth, and mounting environmental concerns regarding industrial water discharge.
Factors Inhibiting Global Industrial Water Service Market Growth: Despite the promising growth prospects, the global industrial water service market faces several challenges. These include the high costs associated with installation and maintenance, excessive energy consumption, and limited availability of freshwater resources. Additionally, factors such as aging infrastructure and high operational costs pose constraints on market growth during the forecast period.
Opportunities for Stakeholders in the Global Industrial Water Service Market: Amidst the challenges, there exist promising opportunities for players in the industrial water service market. These opportunities stem from the escalating demand for energy-efficient and advanced water treatment services and technologies, growing emphasis on wastewater reuse due to freshwater scarcity, and the development of advanced smart water services.
Revenue Leadership by Service Type Segment: Wastewater management is projected to dominate the global industrial water service market in terms of revenue share over the forecast period. This dominance is fueled by rapid industrialization, significant wastewater emissions across various industrial sectors, stringent governmental regulations regarding wastewater discharge, and initiatives to bolster wastewater treatment services.
Leading End-Use Segment in the Global Industrial Water Service Market: The pulp and paper segment is poised to witness a rapid revenue Compound Annual Growth Rate (CAGR) between 2021 and 2028. This growth is attributed to the substantial water consumption and wastewater production inherent in pulp and paper manufacturing processes. Consequently, there is widespread adoption of water supply and wastewater treatment facilities in pulp and paper mills.
Key Companies Profiled:
• Salher
• Dober
• Veolia Environment
• American Water
• Ecolab
• PARKER HANNIFIN CORP
• Pentair
• Evoqua Water Technologies LLC
• Suez Environnement S.A
• United Utilities Group PLC
• Xylem, Inc.
• Danaher Corporation
• DuPont
• Toshiba Corporation
• Hitachi, Ltd.
Strategies and Objectives of Major Companies: In 2020, Evoqua Water Technologies LLC announced the acquisition of Ultrapure & Industrial services, based in Texas, aiming to expand its industrial water services across various sectors such as pharmaceuticals, microelectronics, oil and gas, food and beverages, and power generation.
Key Features of Our Report and Its Superiority: Our report provides historical data points and forecasts, analyzing revenue growth at a global, regional, and country level. It offers insights into industry trends, consumption patterns, and detailed analysis for each region, major country, and segment from 2018 to 2028. Additionally, the report includes industry analysis, competitive landscape, company financials, and impact analysis. It presents a comprehensive view of the global market, encompassing changing dynamics, trends, scenarios, market segmentation, regional landscape, analysis and evaluation, major investments, product offerings, product launches, and historical, current, and projected revenues.
Detailed Segmentation in Our Report: For this report, the global industrial water service market is segmented based on service type, end-use, and region:
Service Type Outlook (Revenue, USD Billion; 2018-2028)
• Water Resource Management
• Water Supply Management
• Wastewater Management
End-Use Outlook (Revenue, USD Billion; 2018-2028)
• Pharmaceutical
• Power Generation
• Microelectronics
• Textile
• Food and Beverages
• Pulp and Paper
• Automotive
• Oil and Gas
• Mining and Metals
• Others
Region Outlook (Revenue, USD Billion; 2018-2028)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Benelux
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Rest of Latin America
• Middle East & Africa
• Saudi Arabia
• UAE
• South Africa
• Rest of Middle East & Africa
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