The mobile water treatment systems market is forecasted to expand at an impressive CAGR of 8.9% in terms of value through the period of forecasting between 2020 and 2030. The growth of the market is predominantly attributed to the rising emphasis on wastewater recycling by public and private entities coupled with advancements in desalination techniques. However, as the industries step back and postpone operations during the COVID-19 pandemic, the demand for mobile water treatment systems is expected to witness a downfall.
“Surging demand for efficient water treatment systems among industries to mitigate water crisis in case of plant downtime, for facility maintenance, and shortages of drinking water will continue to bestow remunerative opportunities to market players for the years to come,” says the Fact.MR report.
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Mobile Water Treatment Systems Market – Key Takeaways
Mobile Water Treatment Systems Market – Driving Factors
Mobile Water Treatment Systems Market – Constraints
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Anticipated Market Impact by Coronavirus Outbreak
As the global manufacturing and process sectors come to an abrupt end as a result of COVID-19, numerous other industries producing equipment have experienced the ripple effects of halted operations. On this premise, mobile water treatment systems are no different and have witnessed a steep decline in demand during the first and second quarters of 2020. National Association of Clean Water Agencies (NACWA) predicted revenue losses of US$ 12.5 Bn due to pandemic and downtrend is expected to prevail through 2020 with recovery likely to begin from the dawn of 2021.
The key players operating in the mobile water treatment systems market include, but not limited to, The DOW Chemical Company, BASF, Albemarle Corporation, Evonik Industries AG, Eastman Chemical Company, Hunstman International LLC, Air Products and Chemicals Inc, and Covestro AG. Manufacturers are focusing on widening their brand visibility through partnerships and contracts. On these lines, Veolia Water Technologies procured a contract from MODEC in January 2020 to supply seawater treatment packages.
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More on the Report
Our market research report provides in-depth insights into the mobile water treatment systems market. The market is scrutinized on the basis of type (microfiltration, ultrafiltration, nano-filtration/reverse osmosis, and disinfection), end-use (residential, commercial, municipal and industrial), service (rental, and lease) and flow rate (upto 100 m³/h, 100-200 m³/h, 200-300 m³/h, and above 300 m³/h) across six major regions. (North America, Europe, East Asia, South Asia & Oceania, Latin America, and Middle East & Africa (MEA)).
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