The water problem is not a lack of resources, but a lack of water pure enough to use for its intended purpose, notes Nextmart.
As part of the situation: water is the most abundant material on the surface of the planet, yet less than 2.5% is «fresh water» and less than 0.1% is fit for use without any treatment.
According to Research Nester’s September 2018 report, the global water and wastewater treatment market is expected to flourish at a significant compound annual growth rate during the forecast period 2018-2027.
Also, this consultancy foresees factors such as increasing demand for potable water and wastewater treatment in commercial and industrial applications to generate remarkable market valuation for the water and wastewater treatment market by reaching around $704 billion by the end of 2027.
Nextmart acquired Emco Oil Field Services, a Texas company formed to provide water transportation and other services to the oil drilling and discovery industry.
The water problem
Nextmart now plans to execute an expansion strategy that incorporates the integration of water treatment systems, significant recurring revenues from service and equipment rentals, and emerging water treatment technologies through strategic acquisitions.
The industrial part of the market is also expected to grow at an annual rate of 9.0% during the same period.
The majority of growth will occur in developing countries. As living standards improve, awareness of the health risks linked to untreated water is increasing. Additionally, industrial growth demands high-quality water, the energy sector requires more infrastructure, and new technologies call for purer water.
Simultaneously, there is a shift from relying on groundwater—filtered through hundreds of meters of porous rock—to using surface water. However, surface water is more vulnerable to contamination from sewage and industrial waste.
There is a global need for companies that can provide water treatment technology on a local scale. These companies should focus on teaching industries how to manage water as a resource and offering eco-friendly solutions to pollution problems.