Industrial Water Management Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018–2026
Industrial water management involves deployment of
sustainable solutions for water and wastewater management in
industries to ensure optimum utilization of fresh water sources and
of water conservation. These solutions aid companies to reduce
adverse environmental impacts, enhance their internal workflow
processes with optimum costs, and adhere to stringent regional
regulations. These solutions have environmental, social, and economic
benefits and this is expected to aid the companies in the near
future.
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Requirement to efficiently and effectively
manage water and sewage, with minimum capital is expected to be among
the prominent factors, expected to will fuel the industrial water
management market growth
According to Worldometers.info, around 20% of the
global water is consumed by industries purposes, with agriculture
sector being the largest, accounting for over 70%. Moreover, there
are some countries, wherein the industries consumer over 50% of the
sources available for human consumption. For instance, industries in
Belgium utilize around 80% of the available sources. In order to
reduce the potential adverse impacts of wastewater discharges and
pollution, which majorly constitutes nutrients, pathogens, metals,
inorganic and organic chemicals, heat, and oil sediments, companies
are increasingly investing in water management solutions. Companies
are focusing on enhancing in-house reusability of the available
sources and this is another factor aiding in growth of the market
over the forecast period (2017–2025).
Advent of IoT and other smart equipment
such as metering, pressure monitoring are expected to be factors
fueling growth of the industrial water management market
Remote management of processes reduces the capital
requirement for additional workforce at each end-points. Proper
investigation of utilization of water has shown that, not all the
internal processes require drinking quality water and can be reused
within the industry or between industries. For instance, polishing
machine requires water with certain particulate levels. Adoption of
settling tank and greywater treatment could aid in reusability of the
available volume of water. Other options include use of aerated
ponds, hybrid controlled wetlands, and free surface constructed
wetlands, among others. Furthermore, treatment options can also
include utilization of wastewater for biogas production such as UASB
reactors and biogas settlers. These are among some of the key factors
that may id in growth of the industrial water management market.
Asia Pacific market is expected to exhibit
strong growth potential over the forecast period
High population density in countries such as
China, India, Japan, and Singapore is expected to present significant
demands, primarily owing to the requirement sustainable utilization
of the available water resources over the coming years. However, low
awareness in the emerging economies regarding waste water management
is a challenge to the industry growth. North America and Europe are
expected to account for significant share in the global market owing
to high awareness and stringent regulations regarding waste water
management to promote conservation of resources. For instance, Clean
Water Act (CWA) in the U.S. and Integrated Pollution and Prevention
Control (IPPC) Directive for industrial installations in European
Union are among few of the major regulations that aid in regulating
the pollutant discharge in water bodies.
Some of the key players in the industrial water
management market are ABB Group, Arad Group, Elster Group SE, General
Electric Company, IBM Corporation, Itron Inc., Schneider Electric SE,
Sensus, Siemens AG, and Takadu.
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Industrial Water Management Market
Taxonomy
On the basis of solution, the global
industrial water management market is segmented into:
-
Enterprise Asset Management (EAM) for Water and Wastewater Utilities
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Network Monitoring
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Advanced Pressure Management
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SCADA Systems for Water and Wastewater Utilities
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Meter Data Management (MDM) for Water
-
Residential Water Efficiency
-
Smart Irrigation Management System
On the basis of services, the global
industrial water management market is segmented into:
-
Consulting
-
Integration and Deployment
-
Maintenance & Support
On the basis of end-user industries, the
global industrial water management market is segmented into:
-
Oil and Gas
-
Mining
-
Food and Beverage
-
Chemicals
-
Power
-
Pharmaceuticals
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Others
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