Mobile Water Treatment Systems Market value worth US$ 1,952.0 Mn during the forecast period 2020-2030 from Margo Trobbie's blog
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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.
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.
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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.
“End-use
industries are increasing their investments in temporary water treatment
facilities which provide opportunities for companies to deliver uncontaminated
water for critical industrial operations. However, as the COVID-19 crisis
unfolds, industries have put a halt to their production and operations, thereby
causing a slight decline in the mobile water treatment systems market revenue,”
concludes the Fact.MR analyst.
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