The growing demand for wastewater treatment in the residential sector and the implementation of stringent legislation for the correct disposal of wastewater are major factors contributing to the market growth.
Market Size – USD 4,189.1 Million in 2019, Market Growth – at a CAGR of 4.1%,
The Global Dewatering Equipment Market is expected to be valued at USD 5,786.1 Million in 2027 from USD 4,189.1 Million in 2019, registering a CAGR of 4.1% through the forecast period. The dewatering equipment is observing an exponential demand globally owing to the implementation of stringent regulatory policies for appropriate wastewater disposal and treatment.
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In the last decade, there has been rapid urbanization globally, which has increased the demand for proper wastewater treatment methods. Dewatering is considered the most accurate method to cater to the growing demand for adequate wastewater treatment and recovery in the residential sector of urban areas.
The challenges and limitations associated with urbanization, such as worsening water quality, augmenting water stress, and inadequate sanitation, can be solved by dewatering equipment to reduce the amount of sludge in the wastewater treatment plants. The water devoid of toxic chemicals and contaminants can be reused by the communities and industrial plants. These attributes are projected to drive market growth.
Crude oil, along with a massive volume of water, particulate matter, and gas, is extracted during oil explorations. Before the crude oil can be processed in the refinery, the oil must be devoid of water and other unnecessary substances. The dehydration process is carried out using dewatering equipment that also segregates dissolved salts and other suspended particles. The escalating crude oil exploration activities are projected to further drive the demand for dewatering equipment.
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Key Highlights from the Report:
For the purpose of this report, Emergen Research has segmented the global Dewatering Equipment Market on the basis of product type, technology, application, and region:
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Product Type Outlook (Revenue, USD Billion; 2017–2027)
Technology Outlook (Revenue, USD Billion; 2017–2027)
Application Outlook (Revenue, USD Billion; 2017–2027)
Regional Outlook (Revenue, USD Billion; 2017–2027)
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