EMEA & Asia Pacific Water Treatment Market Development, Outline, Competitive Perspective, and Forecast To 2026

 Research Nester has recently released a report on “EMEA & Asia Pacific Water Treatment Market

” which is studied for the forecast period of 2020-2026. The report includes a detailed insight of the key market players which are operating in the market, along with a brief description of their offerings and the strategies adopted by them to stay ahead in the competition. Besides, the report also includes the latest market trends, growth opportunities, restraining factors, and the driving factors for the market growth during the forecast period.

The growing population and the increasing urbanization are the major factors that are driving the need for potable water. Backed by the increasing urbanization, and surge in economic development, the concern for surface and groundwater pollution is increasing rapidly, raising the need for water treatment services. According to the World Health Organization (WHO), 71% of the population around the world, in the year 2017, was recorded to use a safely managed drinking-water service. Moreover, 90% of the population of the world, or 6.8 Billion people used at least a basic service, which includes improved drinking-water source. On the other hand, according to the statistics by the United Nations, as of July 2021, 2.3 Billion people lived in water-stressed countries. Out of these, 733 Million lived in high and critically water-stressed countries. The rising concern for the unavailability of potable water in several developing nations, including the regions of EMEA and the Asia Pacific, is therefore anticipated to drive the growth of the EMEA & Asia Pacific water treatment market. The market is estimated to garner a revenue of USD 88225.8 Million by the end of 2026, up from a revenue of USD 63020.3 Million in the year 2020. The market is also anticipated to grow with a CAGR of 5.8% during the forecast period.

The EMEA & Asia Pacific water treatment market is also anticipated to grow on account of the growing demand for adequate water supply for different end-use purposes and for the lack of access to clean water in several nations. For instance, in an article published by the United Nations, in the year 2016, it has been recorded that only 10% of the population of Lagos, a city in Nigeria, had regular access to clean water. Moreover, according to the statistical report titled “Asian Water Development Outlook 2020” by the Asian Development Bank (ADB), as of December 2020, in the Asia Pacific region, 0.6 Billion people in urban areas, and 1.5 Billion people in rural areas living in the region, still lacked access to adequate water supply and sanitation. The statistics also stated that out of the 49 ADB members from Asia and the Pacific, 27 members had serious water constraints in terms of economic development, while 18 members were yet to protect their inhabitants against several water-related disasters.

The EMEA & Asia Pacific water treatment market is segmented on the basis of geography into Europe, out of which, the market in the Asia Pacific is projected to hold the highest market share during the forecast period and further garner revenue of USD 46262.2 Million by the end of 2026, by growing with the highest CAGR of 6.3% during the forecast period. The market in the region, in the year 2020, registered a revenue of USD 32010.2 Million. The market in the region is segmented by countries into China, India, Japan, South Korea, Singapore, Australia, Indonesia, Malaysia, Thailand, Taiwan, and the Rest of Asia Pacific, out of which, the market in China is projected to garner the largest market revenue of USD 24070.3 Million by the end of 2026, by growing with a CAGR of 6.3% during the forecast period. Moreover, in the year 2020, the market in the country garnered a revenue of USD 16676.3 Million. Alternatively, the market in India is projected to grow with the highest CAGR of 9.8% during the forecast period.

Get a sample copy of the report@ https://www.researchnester.com/sample-request-3481

NewsLink https://www.globenewswire.com/en/news-release/2021/12/08/2348137/0/en/EMEA-Asia-Pacific-Water-Treatment-Market-to-Garner-a-Revenue-of-USD-88225-8-Million-by-2026-Increasing-Need-for-Potable-Water-to-Drive-Market-Growth.html

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