A Better Approach To Secondary Water & Wastewater Treatment Equipment IndustryPosted by Mrudula Anil Karmarkar on May 4th, 2022 The global secondary water and wastewater treatment equipment market size is expected to reach USD 30.05 billion by 2027, expanding at a CAGR of 3.9%, according to a new report by Grand View Research, Inc. Rising demand for wastewater treatment plants owing to stringent regulations is expected to drive the market growth over the forecast period. Growing concerns over environmental degradation and water pollution coupled with stringent regulations pertaining to wastewater discharges are likely to benefit market growth. In addition, increasing efforts to improve the wastewater treatment coverage, especially in the developing countries is anticipated to further propel the market expansion. A growing requirement for upgrading the existing aging infrastructure, most notably in the developed economies, is expected to open new avenues for the market growth over the forecast period. Furthermore, the emergence of new pollutants is likely to drive the demand for more advanced and efficient treatment solutions, thereby benefitting the overall market growth. Rising water scarcity, coupled with growing focus conserving and extending the availability of existing water supplies, is expected to drive the demand for wastewater reuse as a viable option for integrated water management. This, in turn, is anticipated to have a positive impact on the overall demand for secondary water and wastewater treatment equipment in the forthcoming years. Growing demand for wastewater treatment plants coupled with stringent regulations pertaining to wastewater treatment is anticipated to drive the market growth. Secondary treatment typically utilizes biological processes that use bacteria to remove pollutants. The main purpose of secondary wastewater treatment is to remove the suspended and dissolved organic matter from the wastewater to produce an environmentally-safe effluent. This treatment consists of microorganisms that are either attached to a media or are in mixed suspension in a basin, where the organic material is broken down and consumed by the microorganisms. Have a Query? Ask Our Expert: https://www.grandviewresearch.com/inquiry/450634/ibb The global market comprises of both global and regional players that are engaged in the designing, manufacturing, and distribution of various secondary water and wastewater treatment equipment. Different strategies usually adopted by the market participants usually include new product developments, expansions, and mergers and acquisitions to increase their market penetration, and cater to the changing technological requirements from the application industries. The market is highly competitive in nature and is dependent on new product developments and technological advancements. Market participants are focusing on optimum business growth by implementing various growth strategies. They are forming strategic partnerships with players to provide technological expertise for industrial wastewater treatment in sectors, including oil and gas and food and beverages, among others. Some of the prominent players in the secondary water and wastewater treatment equipment market include:
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