Market Research Report
China Water and Wastewater Treatment Technology Market - Growth, Trends, and Forecast (2019 - 2024)
|Published by||Mordor Intelligence LLP||Product code||670052|
|Published||Content info||165 Pages
Delivery time: 2-3 business days
|China Water and Wastewater Treatment Technology Market - Growth, Trends, and Forecast (2019 - 2024)|
|Published: April 1, 2019||Content info: 165 Pages||
The market for Chinese water and wastewater treatment technology is anticipated to register a CAGR of 9.56%, during the forecast period (2019-2024). Industrial wastewater treatment technologies have huge demand, due to the growing manufacturing industries, food and beverage industries, and poultry and aquaculture industry. Increasing regulations and government initiatives have supported the higher growth in the Chinese WWT technologies market.
Increasing Demand from Treatment Equipment
Municipal Water and Wastewater Treatment to Dominate the Market
Municipal water and wastewater treatment is required to meet the growing scarcity of water, accompanied by the rapid increase in consumer demand. The major technologies used in the municipal water and wastewater treatment industry include biological treatment, suspended solids removal, and disinfection/oxidation. According to China's National Bureau of Statistics, the water and wastewater industrial sector grew by 7.2%, between January and February of 2018, as compared to the same period a year earlier, exceeding economists' forecasts of 6.1%. The urban sewage treatment capacity is also likely to be increased from 217 million cubic meters per day, to 268 million cubic meters per day. China's 13th fifth year plan (FYP, 2016-2020) on Urban Sewage Treatment and Water Recycling Facilities is planning to increase by 31%, from RMB 427 billion to RMB 559 billion, on its water treatment facilities. This is expected to increase the application of improved technology in industrial processes.
China's water and wastewater treatment technology market is increasingly fragmented, with more players, both domestic and foreign, looking to enter the market. An estimated number of over 3,000 active players of different sizes are currently operating in the market, with the 10 strongest players estimated to hold less than 10% of the market share. Key players in the market include Aquatech (Guangzhou), DowDuPont, Evoqua Water Technologies LLC, SUEZ Environment SA, Kurita Water Industries Ltd, Organo Corporation, and Beijing Capital Co. Ltd, among others.