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Global water and wastewater treatment equipment expected market to grow at CAGR 10.53% from 2012 to 2016
According to a new report entitled, “Global Water and Wastewater Treatment Equipment Market 2012-2016,” TechNavio's analysts forecast the market to grow at a CAGR of 10.53% over the period. One of the key factors contributing to this market growth is the increasing price of purchasing and using fresh water. The global water and wastewater treatment equipment market has also been witnessing an increased water demand, leading to a major gap between water demand and supply. However, the lack of infrastructure in the wastewater treatment industry could pose a challenge to the growth of this market.
This report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the APAC regions, and Western Europe. It also covers the global water and wastewater treatment equipment market landscape and its growth prospects in the coming years and includes a discussion of the key vendors operating in this market.
According to the report, the high cost of freshwater is expected to affect the purchasing power of consumers. Moreover, depleting freshwater resources around the globe is driving the need for new water sources to cater to the requirements of the increasing population. Various cities in the UK will witness a hike in water tariffs during 2013-2014. This in turn is increasing the need for wastewater treatment, thus propelling the growth of the market.
Further, the report states that one of the major challenges in this market is the lack of proper infrastructure. The lack of infrastructure could lead to leakages, which in turn affects the distribution and supply of water Moreover, the market is faced with capacity constraints to store adequate amount of water. Building new infrastructure or upgrading the existing infrastructure will reduce the negative impact of this challenge to a certain extent.