The scarcity of water resources across the globe due to rising urban population and increased per capita consumption of water have resulted in the increasing demand for freshwater sources and a significant amount of water wastage. The shift of population towards the urban population in the emerging and developed economies in the last few years. The emerging and developed countries are adopting the wastewater treatment by using efficient and innovative sludge treatment and disposal equipment, in turn, leading the sludge treatment and disposal equipment market to register a CAGR of almost 5% in the next few years.
Market Overview Scarcity of water resources driving the growth of wastewater treatment industry The increasing focus on wasterwater treatment in developing and emerging countries as with water treatment, wasterwater can be released0020into water bodies used in agricultural lands and used for urban supply. Sludge treatment is one of the key activities of a wasterwater treatment plant as it helps in the efficient disposal of sludge by reducing its volume. Low compliance rate in developing countries Wasterwater treatment plant operators usually dump untreated dewatered sludge in open landfills. Therefore, the nascent regulatory framework and the poor compliance rate in most of the developing countries hinder the market growth of the market. For the detailed list of factors that will drive and challenge the growth of the sludge treatment and disposal equipment market during the 2019-2023, view our report.
Competitive Landscape The sludge treatment and disposal equipment market is fragmented with the presence of numerous established manufacturers. This has also raised the level of competition in this fragmented market will further intensify in the coming years. This blood pressure cuffs industry analysis report will help clients in identifying new growth opportunities and designing new growth strategies, in light of the competition available in this domain.
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