According to Meticulous Research®, the Water and Wastewater Treatment Market is expected to reach a value of $956.48 billion by 2032, at a CAGR of 5.4% during the forecast period 2022–2032. The growth of the water and wastewater treatment market is driven by rapid population growth and urbanization, stringent water treatment regulations, the rising need for new water resources, the growing emphasis on water quality and public health, and the increasing prevalence of waterborne diseases.
Furthermore, the growing demand for energy-efficient and advanced water treatment technologies is expected to provide significant growth opportunities for water and wastewater treatment system providers in the coming years. However, the high installation, maintenance, and operational costs are expected to hinder the growth of this market to a notable extent. In addition, the aging and deterioration of existing water infrastructure are the major challenges to the growth of the water and wastewater treatment market.
In line with the global market trends and the growing demand for water and wastewater treatment technologies, the Taiwan International Water Week (TIWW), 2022, was held from 13- 15 Oct 2022, at Taipei World Trade Centre - TWTC Taipei, Taiwan. It provided an excellent and diverse platform to gather related buyers, experts, and practitioners from the global water industry to share innovative water solutions, showcase the latest technologies, and tap business opportunities.
This exhibition received an overwhelming response from government authorities and industry leaders worldwide. Besides continuous support from Water Resources Agency (WRA) and Industrial Technology Research Institute (ITRI), relevant industry associations such as the Taiwan Environmental Manufacturers Association (TEMA) and Functional Water Association of Taiwan and distinguished industry players, including LCY Group, GSD Technologies, CTCI Corporation, Fluence Corporation, Ever Clear Environmental Engineering, Hui-Min Environment Tech, and Veolia Water Technologies (Malaysia) participated in the exhibition expand their global water business. In addition to these leaders, TIWW also attracted market research and advisory firms such as Meticulous Research®, who illustrated its market intelligence services in the water and wastewater ecosystem.
We thank you, TIWW, for providing us with a great platform to interact with the leaders in this industry. It surely ended with a huge success, and we look forward to visiting the next edition! See you at TIWW 2023!
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