Description

According to the Market Statsville Group (MSG), the global water circulation management market size is expected to grow at a CAGR of 11.5% from 2022 to 2030. With the growing population and industrialization, the world is witnessing clean water scarcity, increasing the demand for water circulation management. The water circulation management enhances water use and ensures post utilization of water treatment before disposing of it in water sources. These will moderately cater to the water scarcity problems in forthcoming years, which will drive the market’s growth.

COVID-19 Impact on the Global Water Circulation Management Market

The impact of COVID-19 on the market was significant. The manufacturing units, facilities, and major end-users closed during the global lockdown, and their operations were halted. Thus, the demand for the market decreased drastically during the pandemic. However, the water circulation management market witnessed a steady growth in managing water circulation in hospitals and isolation facilities. Further, with ease in COVID-19 guidelines and operations were resumed, the demand for the market increased to manage water circulation in a shortage of laborers.

Scope of the Global Water Circulation Management  Market

The study categorizes the water circulation management market based on product type, component, and end-use industries at the regional and global levels.

By Product Type Outlook (Sales, USD Million, 2017-2030)

• Water Treatment Management
• Water Utility Monitoring Device
• Water Disposal Management

By Component Outlook (Sales, USD Million, 2017-2030)

• Services
• Hardware
• Software

By End-User Industries Outlook (Sales, USD Million, 2017-2030)

• Healthcare
• Pharmaceutical
• Sugar Mills and Refineries
• Textile Manufacturing
• Pulp and Paper Mills
• Oil and Gas
• Automotive and Aircraft Industries
• Food and Beverage
• Others
  • Vehicle Wash Industry
  • AgricultureHoisting

By Region Outlook (Sales, USD Million, 2017-2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • Slovenia
  • Slovakia
  • the Netherlands
  • Belgium
  • Norway
  • Denmark
  • Czech Republic
  • Sweden
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Vietnam
  • The Philippines
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA

The textile segment accounts for the largest market share by end-user industries

On the basis of end-user industries, the water circulation management market is segmented into healthcare, pharmaceutical, sugar mills and refineries, textile manufacturing, pulp, and paper mills, oil and gas, automotive and aircraft industries, food and beverage, others (vehicle wash industry, agriculture). The textile manufacturing industry is major water utilizing industry. For instance, according to the Water Footprint Network, in conjunction with the United Nations Educational, Scientific, and Cultural Organization (UNESCO) IHE Institute for Water Education, manufacturing a single pair of jeans requires about 2,866 gallons of water. This water is primarily used in wet processing, as well as in the fabric dyeing process. Hence, water circulation management is vital to managing whole operations. Such factors are driving the market's growth in upcoming years across the globe.

Asia Pacific accounts for the highest CAGR during the forecast period

On the basis of geography, the water circulation management market is classified as North America, Latin America, Europe, Asia Pacific, and MEA. Among these regions, Asia-Pacific region is estimated to showcase the highest CAGR growth in forthcoming years. Factors such as growing industrialization and global business expansion of major market players in this region will create a lucrative growth opportunity in the market. Further, the new entrants may grab the opportunity due to the availability of required resources in the region. This, in turn, accelerates the market's growth in forthcoming years.

Key Market Players in the Global Water Circulation Management  Market

The water circulation management market is concentrated in nature due to the presence of various major market players operating in the market such as:

• DuPont
• Suez
• Thermax Limited
• NORTA MIT
• Enware Australia Pty Ltd
• Chetu Inc
• Veolia
• Aquatech International LLC
• Hindustan Dorr-Oliver Ltd
• Hitachi,Ltd

Aforementioned are some major players operating in the market and adopting various key market strategies to gain major market share.

Recent Developments

• In July 2020, SUEZ inked an agreement in order to purchase the Reverse Osmosis (RO) membrane portfolio from specialty chemical company LANXESS. This purchase of membrane will enhance the company’s Water Technologies & Solutions product portfolio. This will further enhance the company's ability to help customers address water treatment challenges.
• In October 2019, DuPont, a US-based company, agreed to acquire the Memcor business from Evoqua Water Technologies Corp. The acquisition will include the membrane biofiltration technologies and ultrafiltration, thereby enhancing DuPont’s product portfolio.

Key Issues Addressed

• What is the market size by various segmentation of the water circulation management by region and its respective countries?
• What are the customer buying behavior, key takeaways, and Porter's 5 forces of the water circulation management market?
• What are the key opportunities and trends for manufacturers involved in the water circulation management supply chain?
• What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
• What and how regulations, schemes, patents, and policies are impacting the growth of the market?
• What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
• The market player positioning, top winning strategies by years, company product developments, and launches will be?
• How has COVID-19 impacted the demand and sales of water circulation management in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
• Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.