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The water treatment equipment market in power industry size is estimated to increase by USD 1.34 billion between 2022 and 2027, growing at a CAGR of 3.7%. The market's expansion hinges on various factors, including the escalating power demand, increasing industrialization, and the mounting concerns over water scarcity and availability. The rising need for electricity in the power industry necessitates the expansion of power generation capacity, which, in turn, demands efficient processes capable of managing larger volumes required for cooling, steam generation, and other essential operations.
Market in Power Industry Market Forecast 2023-2027
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The market share growth by the membrane separation segment will be significant during the forecast period. Membrane separation refers to a technology used in the power industry to separate and purify different components of fluids or gases using semi-permeable membranes. Such membranes enable certain molecules or particles to pass through while blocking others based on their size, charge, and solubility.
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The membrane separation segment was valued at USD 2.67 billion in 2017. Membrane separation plays a vital role in producing fresh water for industrial processes and plant cooling by desalinating seawater or brackish water. This process is accomplished mainly through reverse osmosis (RO). Additionally, membrane separation processes like ultrafiltration and microfiltration are used to treat this from industries, cooling tower blowdowns, and other sources to meet environmental regulations and reduce consumption. Membrane separation provides high levels of separation efficiency and purity, ensuring that the separated components meet stringent quality requirements. Therefore, it is a versatile technology that offers many benefits to the industry, contributing to cleaner operations, reduced environmental impact, and enhanced resource efficiency. This, in turn, will promote the growth of the membrane separation segment and propel the global market during the forecast period.
Based on application, the market has been segmented into raw water treatment and wastewater treatment. The raw water treatment segment will account for the largest share of this segment.? In the power industry, raw is a crucial process that involves the purification and conditioning of water obtained from natural sources such as rivers, lakes, or groundwater. In addition, depending on the quality and specific plant needs, advanced treatment methods, such as membrane filtration, ion exchange, and activated carbon adsorption, may be employed. However, poorly treated can lead to scaling, corrosion, reduced heat transfer efficiency, and increased operational costs. Therefore, effective raw contribute to the safe and efficient operation of these plants while lowering environmental impact and, in turn, drive the growth of the raw segment and, in turn, drive the global market during the forecast period.
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APAC is estimated to contribute 45% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. In APAC, the industry is expected to grow. Multiple regions within the region face water scarcity and quality issues.
However, these plants need a consistent supply of water for cooling and other processes. The demand for advanced equipment increases to ensure a reliable and sustainable source as scarcity and pollution concerns rise. As new facilities are built or existing ones are upgraded, the equipment is a crucial component of the overall infrastructure. Governments and private sectors in the APAC region are investing in infrastructure development, including the generation. Such factors are expected to drive the market in the region during the forecast period.
The market is being propelled by two significant drivers and trends. Firstly, the increasing concern over waterborne illnesses, including cholera, is driving the demand for advanced water filtration systems in power generation facilities. As water quality becomes a critical factor in maintaining the efficiency and reliability of power plants, the adoption of technologies such as reverse osmosis, ultraviolet disinfection, and ion exchange systems is on the rise. These systems ensure the purity and safety of water used in power generation processes, mitigating the risk of equipment damage and downtime caused by contaminated water.
Secondly, the growing emphasis on sustainability and environmental conservation is shaping the market's trajectory. With stricter regulations and a greater focus on corporate social responsibility, power plants are seeking water treatment solutions that prioritize energy efficiency, water reuse, and recycling. Smart water management technologies, including remote monitoring and decentralized systems, are gaining traction as they enable power facilities to optimize water usage, reduce wastage, and minimize environmental impact. Additionally, digitalization initiatives are facilitating real-time data analysis and decision-making, enhancing the efficiency and effectiveness of water treatment processes in power generation. Overall, the convergence of these drivers and trends is driving innovation and growth in the Water Treatment Equipment in Power Market.
The market is experiencing significant growth driven by the escalating demand for electricity in the power industry. As the need for power generation capacity expands, there's a corresponding requirement for water treatment processes to handle larger volumes necessary for cooling, steam generation, and other critical operations within power plants. These efficient treatment processes facilitate the safe reuse of water for various plant functions, ensuring sustainable operations while minimizing water consumption.
Moreover, power plants generate wastewater containing pollutants and harmful chemicals, necessitating rigorous treatment to meet environmental standards and prevent harm to aquatic ecosystems. The adoption of advanced water treatment equipment, including filtration systems, reverse osmosis systems, and chemical disinfection systems, plays a vital role in maintaining compliance and safeguarding environmental integrity.
Furthermore, with the increasing demand for electricity, the reliability of power plant operations becomes paramount. Effective water treatment processes enable power plants to remain resilient in the face of emergencies and unexpected shutdowns by ensuring consistent water quality and availability. Therefore, the rising power demand serves as a significant driver for the growth of the Water Treatment Equipment in Power Market during the forecast period.
Advanced monitoring and automation technologies are transforming the landscape in the power industry. These technologies provide real-time insights, data-driven decision-making, and enhanced operational efficiency, revolutionizing how power plants manage their processes. Automation technologies help power plants optimize energy usage within processes, including adjusting pumping rates, optimizing chemical dosing, and utilizing energy-efficient equipment, leading to energy savings. Advanced sensors and monitoring systems allow power plants to monitor key quality parameters continuously.
Moreover, the integration of automation technologies and advanced monitoring in equipment offers power plants a more efficient, effective, and sustainable way to manage their resources. Such technologies improve operational performance, lower costs, and contribute to overall environmental responsibility, which will drive the market growth during the forecast period.
In the power industry, the operational complexity associated with the equipment refers to the intricacies and challenges involved in integrating, managing, and optimizing these systems within power plants. Such complexity arises owing to the need to balance these treatment processes with generation requirements, regulatory compliance, environmental considerations, and overall plant efficiency. This equipment is required to be seamlessly integrated with these plant operations to guarantee that the treatment processes do not disrupt generation. Accomplishing such integration requires careful engineering and coordination, and constant monitoring of these treatment systems to assure proper performance.
Moreover, the early detection of issues and performing regular maintenance are critical to prevent downtime and system failures. Consequently, the complexity of integrating such equipment within these plant operations underscores the significance of thorough engineering, skilled personnel, effective training, and robust automation and control systems, which may hinder growth during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
3M Co. - The company offers 3M Fully Automatic Water Softener.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
3M Co., Aquatech International LLC, Black and Veatch Holding Co., Culligan International Co., Danaher Corp., Dow Chemical Co., DuPont de Nemours Inc., Ecolab Inc., Fluence Corp. Ltd., General Electric Co., Graver Technologies LLC, KURARAY Co. Ltd., Lenntech BV, Nitto Denko Corp., Nomura Micro Science Co. Ltd., Pentair Plc, SKion Water GmbH, SUEZ SA, Veolia Environnement SA, and Xylem Inc.
Technavio report provides an in-depth market growth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market report forecasts market growth by revenue at global, regional & country levels and provides a market analysis and report of the latest market growth and trends and market research and growth opportunities from 2017 to 2027.
The Market addresses the industry's need for efficient and sustainable solutions to comply with government regulations. Advanced technologies like activated sludge and biological treatment ensure improved water quality, supporting public health. Companies like LTIMindtree Limited and Yorkshire Water contribute to research and development activities.
The market serves both small and medium-sized businesses, focusing on regions like Asia Pacific experiencing rapid urbanization. Treatment methods include primary treatment, secondary, and tertiary treatments, alongside UV disinfection systems and sand & gravel filters to remove heavy metals and organic compounds, addressing environmental pollution and waste management in both municipal and industrial applications.
The market in the Power Industry is witnessing robust growth driven by the increasing demand for efficient and sustainable wastewater treatment solutions. Power plants, particularly those utilizing energy fuels like refinery output, require effective treatment processes to manage fresh and processed water while mitigating water pollution risks. Advanced technologies such as activated sludge treatment, anaerobic digestion, flocculation, and coagulation are crucial for primary and secondary treatment in power plant applications. Municipal applications also benefit from these solutions, catering to growing populations and addressing waste and wastewater management challenges. As the need for reliable and environmentally responsible water treatment escalates, the market continues to expand, offering innovative solutions to meet the evolving demands of the power industry.
Water Treatment Equipment Market Scope in Power Industry |
|
Report Coverage |
Details |
Page number |
162 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.7% |
Market growth 2023-2027 |
USD 1.34 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
3.43 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 45% |
Key countries |
US, China, India, Japan, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., Aquatech International LLC, Black and Veatch Holding Co., Culligan International Co., Danaher Corp., Dow Chemical Co., DuPont de Nemours Inc., Ecolab Inc., Fluence Corp. Ltd., General Electric Co., Graver Technologies LLC, KURARAY Co. Ltd., Lenntech BV, Nitto Denko Corp., Nomura Micro Science Co. Ltd., Pentair Plc, SKion Water GmbH, SUEZ SA, Veolia Environnement SA, and Xylem Inc. |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our market growth and forecasting report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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