San Antonio, Texas -- A new analysis by Verify Markets on the North American Mobile Water Treatment Market shows the market was valued at $725.7 Million USD in 2022 and is expected to grow to reach over $1.0 billion at a compound annual growth rate (CAGR) of over 5.0 percent from 2022 to 2029. Key market drivers in this market include short-term operating contracts, planned maintenance and capacity expansion, emergencies, regulatory requirements, the need for customized solutions, and pilot studies. The key challenges include economic volatility and rising operating costs, a highly competitive market, a decline in water consumption due to shifts in the power industry, the impact of COVID-19, and rising instances of cyber-attacks.
Resin technology stands out as the primary technology employed to achieve faster responses and improved accessibility in North America. In addition to resin technology, mobile water treatment providers are also incorporating membrane technology and granular activated carbon as significant technologies.
The power industry is one of the largest users of mobile water treatment services. However, it was observed that there was also a significant increase in the demand from the petrochemicals and oil & gas industry. The key players in this market include Veolia Water Technologies, Inc., Evoqua Water Technologies, and MPW Industrial Services.
This report provides an in-depth analysis of the overall North American Mobile Water Treatment Market. The report encompasses a range of market dynamics, including factors that drive the market, the market challenges, the industry outlook of end users, technology trends, and the following aspects:
- Total market size, growth rate, and revenue forecasts (2022-2029)
- Market share by company revenues
- Market share by technology (resin, membrane, and others)
- Market share by end-users (power, petrochemicals, oil & gas, and others)
- Market share by industry (municipal v/s industrial)
A copy of the 2023 North American Water Treatment Market report can be purchased at www.verifymarkets.com. Follow us for more updates on Twitter @verify_markets.
About Verify Markets:
Verify Markets is a global B2B market research and consulting firm. Our project teams are comprised of industry market experts, creative thinkers, business analysts, and independent consultants located around the world. We work with our clients to bring solutions to every project and deliver reliable data and trends based on primary research. Contact us to see how we can help deliver valuable data and insights to your organization.
Verify Markets’ research methodology consists of extensive primary interviews with key participants in the industry along with analysis of secondary resources to validate information. For more information on this report and other research (including custom reports and consulting), contact info@verifymarkets.com or call +1 210.595.9687.