|By PR Newswire||
|March 27, 2014 12:04 AM EDT||
KUALA LUMPUR, Malaysia, March 27, 2014 /PRNewswire/ -- Dwindling fresh water resources coupled with the rapid growth of water-intensive industries is driving the water and wastewater treatment (WWWT) market in Brunei, Hong Kong, Maldives and Taiwan. Opportunities for market participants abound as these countries look for technologies to reduce and monitor non-revenue water, reuse wastewater, promote water delivery efficiency, and retrofit existing water treatment plants to process and provide more potable water. In Taiwan and Maldives, expansion and retrofitting of WWWT plants are expected to be rampant in the rural areas.
New analysis from Frost & Sullivan, Water and Wastewater Treatment (WWWT) Market in Brunei, Hong Kong, Maldives, and Taiwan - A CEO 360 Degree Perspective, finds that the market earned revenues of US$370.3 million in 2012 and estimates this to reach US$536.9 million in 2017.
"Stringent legislations – that prohibit the discharge of harmful effluents in the sea, enforce the treatment of wastewater, and minimize overall environmental degradation – are forcing industrial players to adopt robust WWWT equipment," said Frost & Sullivan Energy & Environment Research Analyst Janice Wung. "Additionally, the influx of multinational companies into Brunei, Hong Kong, Maldives and Taiwan is pushing local firms to identify and address the irregularities in their water and wastewater management process, in turn widening market potential."
Foreign market participants are favoured over local service providers due to the advanced technologies and technically skilled manpower they possess. Foreign players would do well to target these countries in the following order – Taiwan, Brunei, Hong Kong and Maldives – to boost their overall profitability.
For domestic participants, apart from the lack of skilled manpower and high dependency on foreign assistance due to limited capital investment and funding offered by local authorities, intense competition is denting growth prospects in Brunei, Hong Kong, Maldives and Taiwan.
"To establish a stronghold, WWWT system manufacturers should customize their solutions to meet the specific needs of end-user groups," suggested Wung. "For instance, they should provide functional WWWT solutions with low maintenance and operational costs to cost-conscious public-sector customers whereas private sector customers can be offered low-cost, low-tech as well as expensive one-stop-shop solutions to address their water-related requirements."
If you are interested in more information on this study, please send an email to Donna Jeremiah, Corporate Communications, at [email protected].
Water and Wastewater Treatment (WWWT) Market in Brunei, Hong Kong, Maldives, and Taiwan - A CEO 360 Degree Perspective is part of the Environmental (http://www.environmental.frost.com) Growth Partnership Service program. Frost & Sullivan's related studies include: Solid Waste Management Market in Australia, Global Smart Water Metering Market, Water and Wastewater Treatment Market in Indonesia, Malaysia, the Philippines, and Thailand - A CEO's 360-Degree Perspective, and Global Ballast Water Treatment Systems Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
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Water and Wastewater Treatment (WWWT) Market in Brunei, Hong Kong, Maldives, and Taiwan - A CEO 360 Degree Perspective
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