Industrial Water Management Market Revenue Growth Predicted by 2026
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.
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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).
Industrial
Water Management Market Taxonomy
On
the basis of solution, the global industrial water management market
is segmented into:
-
Enterprise Asset Management (EAM) for Water and Wastewater Utilities
-
Network Monitoring
-
Advanced Pressure Management
-
SCADA Systems for Water and Wastewater Utilities
-
Meter Data Management (MDM) for Water
-
Residential Water Efficiency
-
Smart Irrigation Management System
On
the basis of services, the global industrial water management market
is segmented into:
-
Consulting
-
Integration and Deployment
-
Maintenance & Support
On
the basis of end-user industries, the global industrial water
management market is segmented into:
-
Oil and Gas
-
Mining
-
Food and Beverage
-
Chemicals
-
Power
-
Pharmaceuticals
-
Others
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.
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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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