
Published On: Jan 2023
Published On: Jan 2023
At 11.7% CAGR, the Asia Pacific Mobile Water Treatment Market is projected to be worth US$ 1,259.92 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Asia Pacific mobile water treatment market was valued at US$ 648.69 million in 2022 and is expected to reach US$ 1,259.92 million by 2028, registering a CAGR of 11.7% from 2022 to 2028. Increasing investments in advancement of wastewater treatment facilities and truck-mounted mobile water treatment plants are the critical factors attributed to the Asia Pacific mobile water treatment market expansion.
Governments and companies are investing significantly in conducting or supporting the research and development of highly efficient mobile water treatment solutions. According to the China National Bureau of Statistics, the country invested US$ 81.6 billion in its municipal wastewater system from 2015 to 2020. This investment focused on sewage pipeline construction, new treatment facilities, rainwater-sewage diversion systems, sludge mitigation, and rainfall treatment. As of January 2020, China has installed 10,113 water treatment plants for the treatment of wastewater from 95% of municipalities and 30% of rural areas. The country further plans to renovate 80,000 km of its sewage treatment cAsia Pacificity by 2025. Furthermore, its strong policies and investments for the treatment of odorous water treatment and the construction of wastewater treatment facilities in 2nd and 3rd tier cities present opportunities for mobile water treatment system providers. China plans to provide monetary support of US$ 50 billion to various heavy-polluting industries, such as textiles, printing, steel production, oil and gas extraction, coal mining, and pharmaceutical, to transform into a cleaner and more sustainable economy. Thus, the increasing public and private investments in developing wastewater treatment infrastructure are providing growth opportunities for the Asia Pacific mobile water treatment market players.
On the contrary, high installation and operational cost hurdles the growth of Asia Pacific mobile water treatment market.
Key players dominating the Asia Pacific mobile water treatment market are Aquatech International LLC; EMWG Srl; Evoqua Water Technologies Corp.; Filtra-Systems Company LLC; Newater Technology Co.; Pall Corporation; and Veolia Environnement SA, among others.
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