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Wastewater Treatment Market is Expected to Reach $34.03 billion By 2022| Report From TBRC

LONDON, Oct. 29, 2019 /PRNewswire/ -- The increasing use of Internet of Things (IoT) sensors is the latest trend in the wastewater treatment equipment market. The Internet of Things (IoT) is a network of physical devices that communicate over internet. The environmental sensors measure pollution causing particles in air and water, thereby monitoring air or water quality. It also senses radiations and hazardous chemicals in the environment. A majority of the organizations that function in the water industry depend on the Supervisory Control and Data Acquisition (SCADA) systems to monitor the water distribution systems. The use of IoT in water systems uses smart sensors that detect information about the water quality, temperature changes, pressure changes and potentially any chemical leaks. For instance, companies in the water treatment industry such as Biz4solutions are providing innovative solutions for effective waste water management and water testing analytics through IoT systematic water management in order to manage water recycling, reduce the amount of water leakages, and efficiently manage wastewater.Read More On The Business Research Company's Wastewater Treatment Equipment Market Report:https://www.thebusinessresearchcompany.com/report/wastewater-treatment-equipment-global-market-reportIncreasing Disposal Of Wastewater From The Industrial And Residential SectorThe global wastewater treatment equipment market was valued at about $28.06 billion in 2018 and is expected to grow to $34.03 billion at an annual growth rate of 4.9% through 2022. The wastewater treatment equipment market is being driven by a rapidly increasing disposal of the wastewater from the industrial as well as residential sector. High quantity of wastewater being disposed is increasing the necessity to treat the water using wastewater treatment equipment. According to a research study published by the European Environment Agency (EEA) in 2017, the percentage of the residential population disposing wastewater in northern European countries is always above 80 % out of which more than 70 % received tertiary wastewater treatment. Furthermore, in central European countries, the proportion of the population connected to urban waste water treatment in southern, south-eastern and eastern Europe is 97% out of which 75% are receiving tertiary wastewater treatment. According to the international water association (IWA)`s wastewater report published in 2018, the Philippines accounted for about a million cubic meters of wastewater disposed every year by industrial sectors in the Manila Bay and Laguna Lake. These factors are driving the global wastewater treatment equipment market.
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