Further, the increasing need for clean water owing to the rising population and industrialization from developing countries such as China, India, and other Asian countries is resulting in the adoption of wastewater screening equipment. Such factors are foreseen to contribute to the growth of wastewater screening equipment market during the forecast period.
Furthermore, the ongoing efforts by government and local municipal bodies to enhance the efficiency of the wastewater treatment facilities is anticipated to create substantial opportunities for the players operating in wastewater screening equipment market.
Moreover, in manufacturing industries, water is converted to acceptable levels of usage and discharged out of the factories. Increasing usage of water in the manufacturing industry is expected to enhance the demand for wastewater screening equipment. Owing to the points mentioned above, the global market for wastewater screening equipment is foreseen to auger well during the forecast period 2020-2030.
COVID-19 Impact on the Global Wastewater Screening Equipment Market
The industrial equipment companies are struggling with the unprecedented impact of COVID-19 as their manufacturing operations and supply chain have been disrupted. This is having an exponential effect on the demand and supply side and hitting the players operating in the wastewater screening equipment market. These screening equipment are used in multiple application like industrial, agriculture, municipal and many others, which adds another layer of complexity as the production in these sectors has also decelerated globally.
Post COVID-19 crisis the companies will have to ramp up their productions and strategize on their supply chain and operations in order to meet the industry demand. Moreover, the outbreak of COVID-19 has prevailed the people to take safety measures for their health which have raised the need for safe drinking water. This, in turn, is expected to drive the growth of the market during the forecast period 2020-2030.
Wastewater Screening Equipment Market: Market Segmentation
For a better understanding, global wastewater screening equipment market is being studied under screen type, cleaning type, application & region.
Based on the screen type, the wastewater screening equipment market can be segmented as:
- Coarse Screen
- Fine Screen
Based on the cleaning type, the wastewater screening equipment market can be segmented as:
Based on the application, the wastewater screening equipment market can be segmented as:
- Wastewater Sewage
Based on the region, the wastewater screening equipment market can be segmented as:
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa (MEA)
Regional Analysis: Asia-Pacific Set to Offer Lucrative Opportunities
The rapidly increasing disposable of wastewater from industrial sector in the region is expected to drive the growth of wastewater screening equipment market. In addition, the rise in urban population, and increasing foreign investment in countries such as India, China, and Japan in the manufacturing sector is supplementing the growth of wastewater screening equipment market. Moreover, rising awareness about consuming safe and clean water in the region is expected to witness substantial growth of wastewater screening equipment market.
On the other hand, in USA, environmental protection agency (EPA) is implementing numerous regulations aimed at ensuring water management services at the manufacturing and municipal level. The growing urban population coupled with substantial demand for industrial water reuse is predicted to drive the growth for wastewater screening equipment market in the country over the forecast period.
Global Wastewater Screening Equipment Market Competitive Landscape
The market for wastewater screening equipment is fragmented and highly competitive in nature. Players in the market are focusing on gaining new contracts and agreement to enhance their market presence and to gain a competitive edge over the other market players on a global scale.
Some of the players operating in the wastewater screening equipment market are Franklin Miller Inc, Headworks International, Parkson Corporation, Aqualitec, Biocell Water, HUBER Technology Inc., Lakeside Equipment Corporation, WSG & Solutions, Inc., and Crane Engineering among others.