December 02, 2020
According to the report titled ‘Global Dewatering Equipment Market Size study, by Type (Sludge, Other), Technology (Centrifuges, Belt Presses, Filter Presses, Vacuum Filters, Drying Beds, Sludge Lagoons), Application (Industrial, Municipal) and Regional Forecasts 2020-2027’, available with Market Study Report LLC, global dewatering equipment market was worth USD 4.53 billion in 2019 and is anticipated to record a 4.51% CAGR during 2020-2027.
Rising industrialization leading to increased demand for waste management, and surging population creating the necessity to safely treat or dispose waste are primarily driving the growth of global dewatering equipment market.
For those uninitiated, dewatering equipment are used to separate water from solids in areas where drying is necessary. Water is forcibly separated from solids by means of vacuum or centrifugal motion, with main application of these instruments in waste management systems.
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Strict norms imposed by the governments on use and disposal of sludge is stimulating global dewatering equipment industry expansion. In fact, the United States Environmental Protection Agency imposed the 40 CFR Part 503 standard for use or disposal of sewage, which sets criteria for pollutant limits, operation standards, and management practices to be followed by treatment facilities. In addition, increasing pressure to safeguard the environment also contributes to the market expansion.
On the downside, changing sludge characteristics and measuring dewatering performance are likely to hamper the industry remuneration over the study period. Although, utilization of recycled dry sludge in other end use sectors will create lucrative opportunities for expansion of worldwide dewatering equipment business.
Based on type, global dewatering equipment industry is split into sludge and other. Speaking of technology, the market is divided into sludge lagoons, drying beds, vacuum filters, belt presses, and centrifuges. As per application spectrum, the industry is classified into municipal, and industrial.
Citing the regional landscape, worldwide dewatering equipment market sphere is segmented into Asia Pacific, Europe, Latin America, North America, and Rest of the World. The report claims that North America currently holds considerable market share and is slated to grow substantially over the estimated timeframe, on account of well-established municipal waste treatment systems in the region and rising concerns regarding environment.
Meanwhile, Asia Pacific dewatering equipment industry is reckoned to accrue notable gains by the year 2027, owing to rising advancements in waste utilization field, and growing population.
Major contenders impacting global dewatering equipment market dynamics are Mitsubishi Kakoki Kaisha Ltd., GEA Group AG, SUEZ S.A., Evoqua Water Technologies Corp., Hitachi Zosen Corporation, Gruppo Pieralisi-MAIP S.p.A., HUBER SE, Veolia Environnement SA, Andritz AG, and Alfa Laval AB.