DUBLIN (Aug. 16, 2016)—The firm Research and Markets has announced the addition of the report “Global Commercial Water Treatment Equipment Market 2016-2020.”
The report forecasts the global commercial water treatment equipment market to grow at a compound annual growth rate (CAGR) of 6.1 percent during the period 2016-2020.
The commercial water treatment equipment is used in schools, offices, hospitals, restaurants, hotels, construction sites, laboratories and organizations. The stringent government regulations and growing health concerns are positively impacting the commercial water treatment market, according to the firm.
In addition, increased construction activities that require water treatment have created demand, resulting in the growth of the commercial water treatment market. High dependence on clean water and growing health concerns are the major drivers for the global water treatment equipment market.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one of the key drivers for market growth will be increased demand for water treatment. There is a high demand for water treatment in most of the countries as their commercial activities are increasing.
In addition, water scarcity, limited ground water and contaminated water results in increased use of water treatment equipment. For instance, southern Canada has limited groundwater resources because of droughts. Also, in India the ground water is contaminated by arsenic and fluoride. With increase in such issues, the demand for water treatment equipment is expected to grow.