New York, USA, July 30, 2020 (GLOBE NEWSWIRE) -- The most-recent research report on the Coronavirus Impact Global Biological Wastewater Treatment Market has been published by Research Dive. This report reflects the influence of COVID-19 pandemic on the present and future growth of the global market. The report is a professional and comprehensive research articulated by specialists by assessing the major factors attributing to its growth, regional market situations, opportunities, future scope, trends, and new developments in the market during the COVID-19 crisis.
Major Highlights of the Report
The global biological wastewater treatment market has witnessed significant growth in the recent time. The outbreak of coronavirus has impacted the market in an optimistic way unlike the most of the industries. The report reveals that the global biological wastewater treatment industry is likely to garner a revenue of $11,963.1 million by the end of 2026, at a growth rate of 5.9% during the forthcoming years. The real-time revenue generation has been recorded at $8,525.3 million in view of the dire need of pure water across the globe.
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Factors Driving the Market Growth amid COVID-19 Pandemic
The report states that the rising demand for clean and safe water resources and growing instillation of advanced technologies expected to attribute the growth of the biological wastewater treatment system industry during the forecast period. Governments are taking initiatives by offering high investments in the industry so that it survives the hurdles expected post the pandemic.
Current Scenario of the Market
The leading players of the market are currently engaged in developing new, innovative, and smart strategies to sustain the market growth even after the pandemic. Many government bodies and non-profit organizations across the world are taking initiatives creating awareness about water safety and security during this turbulent time. The US has showcased a great instance in this regard. More than 2500 companies have been affiliated with water quality association in the US recently to ensure supply of good quality of water to dialysis centers, residential and commercial sectors. Bahrain is another example. The government of Bahrain has taken initiatives to cover up the cost of water bills and safeguarding their utilities against any kind of revenue deficit during the crisis.
Scope of the Industry in Upcoming Years
According to the report, the global biological wastewater treatment is anticipated to maintain a significant growth during and post the pandemic. The leading players of the market are:
- Aquatech International
- Xylem Inc.
- Veolia
- Evoqua Water Technologies LLC
- Dryden Aqua Ltd.
- Suez Water Technologies & Solutions
- Pentair plc, Ecolab Inc.
- DAS Environmental Expert GmbH
- Samco Technologies, Inc.
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