Water Treatment Market Poised to Reach $325.41 Billion by 2023: Uncovering Key Trends & Challenges
The global water treatment market is expected to reach US$325.41 billion in 2023, progressing at a CAGR 7.20% over the projected period.
- The global water treatment market is expected to reach US$325.41 billion in 2023, progressing at a CAGR 7.20% over the projected period.
- So with increasing competition and reduced margins, the companies aren't seeking such substantial investments needed to build water treatment plants, impeding the growth of global water treatment market.
- Therefore, increasing integration of AI in water treatment processes is expected to boost the growth of global water treatment market in the forecasted period.
- Services water treatment market is both the largest and the fastest growing segment of global water treatment market owing to increasing manufacturing activities, rapid urbanization, increasing company focus on building technologically advanced water treatment facilities and growing need for maintenance of existing sewage treatment plants.