Key Market Trends14 Dec 2020 10:11
Waste and Wastewater Sector to Dominate the Market
Most of the human and industrial activities that use water produce wastewater. As the overall demand for water grows, the quantity of wastewater produced and its overall pollution load are continuously increasing worldwide. As a result, governments across the world have introduced strict policies and regulations regarding wastewater treatment for both the municipal and industrial sectors.
Around two-thirds of the world's population lives in areas that experience water scarcity for at least one month a year. Around 50% of the people facing this level of water scarcity live in India and China. Therefore, the demand for the treatment for wastewater produced as a result of human and industrial sector water usage is expected to grow, in order to improve the efficiency of water usage and meet the water demands.
Moreover, on average, high-income countries treat about 70% of the industrial and municipal wastewater it generates. That ratio drops to 38% in upper-middle-income countries and about 28% in lower-middle-income countries. With increasing awareness about environment and growing water shortage, the demand for water treatment plants and, in turn, pumps in water treatment plants, is expected to increase in the developing countries.
Furthermore, the modular design of wastewater treatment plant has also reduced the initial heavy investment challenge and allows an economical solution. These plants can readily be expanded as the wastewater flow and, in turn, capacity requirement of treatment plant increases. Due to this new trend in the water treatment industry, relatively smaller industries have started installing water treatment plants.
Therefore, the growing concerns regarding the environmental impact of wastewater and water scarcity, stricter government regulation, and declining cost of water treatment plants are expected to drive the water treatment industry, and, in turn, the demand for progressing cavity pump during the forecast period.
uk.movies.yahoo.com/worldwide-progressing-cavity-pump-industry-092900220.html
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