The global sewer machine market accounted for US$ 73,516 K in 2017 and is expected to grow at a CAGR of 1.3% during the forecast period 2017 – 2025, to account for US$ 80,675 K in 2025.
Expeditious expansion of industries worldwide has raised concerns regarding its hazardous impact on the surrounding environment, where water bodies are its most affected fragment. Water is essential for life sustainment and at present, there is an abundance of water on earth, which is not suitable for human consumption. However, the exploding global population and subsequently increasing demand for clean water has significantly widened the scope of water recycling or wastewater management. Majority of the public authorities present across the globe have started taking initiatives for treatment of the wastewater that flows from business industries, residential areas, commercial activities, and institutions. Today, there are a myriad variety of sewer machines available in the sewer machine market that fit all kind of drainage systems and are also compatible with trending technological transformation.
Sewer Machine Market Insights
Rising investments in waste water management systems across the globe
Even today there are various regions across the globe that are experiencing increased failure and inefficiencies regarding the pipe/sewer networks due to aged water and wastewater infrastructure. This has become a critical concern among the majority states as the booming population and urbanization are expected to increase the clear water demands. The lack of safe drinking water is not only the concern among the developing nations but also poses a challenge for the industrialized nations, who had built their water utility mains long ago (during early 20th century). The water supply and sewer system deployed back then had an approximated lifespan of 60-80 years, and in plenty of regions these infrastructures have already or are about to approach the end of their advantageous lifespan. A large number of wastewater management plants in order to rehabilitate the sewer pipelines would raise the demand for sewer cleaning machines, subsequently the global sewer machine market growth.
Growth in residential construction worldwide
After a feeble growth since past few years, the residential construction market worldwide is expected to regain its momentum. This growth in residential construction is been witnessed as a driver for sewer cleaning activities as the housing market holds a great potential for constructions with respect to increasing single-family homes. With the growth in residential construction, the deployment of sewer lines and latrine would also increase, and this would have a positive impact on the sewer machines’ demand. Furthermore, the unabated transition in rural population to public sewers from the septic tank is also projected to serve as a driving factor for sewer machine market.
Exhibit: Sewer Machine Market by Region
Sewer Machine Market: Strategic Insights
Few of the recent strategies by some of the players in sewer machine market landscape are listed below:
2017: Axis Communication collaborated with EFG Group (Switzerland), an electrical wholesaler. With this collaboration Axis Communication will reach out the audiences via dedicated sales channels. The main focus is to serve the security solutions to small and medium-sized enterprises.
2017: FLIR announced the acquisition of DVTEL, Inc. (US), this acquisition will enables FLIR’s visible and thermal cameras, to become an end to end provider of security system by serving its services to small and medium business, consumers, infrastructure-level and enterprise markets.
2017: Panasonic to expand its foothold in India by providing consumer products to its Indian customers. The company is mainly focusing on providing solutions such as high definition video conferencing, display panels, rugged notebook & notepads — Toughbooks & Toughpad, PBX, security & surveillance, projectors and document solutions.
The report segments the global sewer machine market are as follows:
Global Sewer Machine Market – By Geography
Global Sewer Machine Market - Company Profiles