Connect with us
Prague Gaming & TECH Summit 2024

Artificial Intelligence

Water Treatment Global Market Report 2023: Sector to Reach $460.68 Billion by 2028



<!– Name:DistributionId Value:8779220 –> <!– Name:EnableQuoteCarouselOnPnr Value:False –> <!– Name:IcbCode Value:2790 –> <!– Name:CustomerId Value:1026737 –> <!– Name:HasMediaSnippet Value:false –> <!– Name:AnalyticsTrackingId Value:3702c8a6-b108-49ac-a7f0-fa61498e2389 –>

Dublin, March 01, 2023 (GLOBE NEWSWIRE) — The “Global Water Treatment Market: Analysis By Application, By Product and Services, By Equipment Type, By Region Size and Trends with Impact of COVID-19 and Forecast up to 2028” report has been added to’s offering.

The global water treatment market was valued at US$303.55 billion in 2022. The market value is forecasted to grow to US$460.68 billion by 2028.

People enjoy access to drinking water today, the future supply of clean water for human consumption, and industrial use, holds significant challenges. Ensuring adequate clean water supplies for ever growing populations would likely require increased investment in water treatment services, both to ensure that water quality meets ever tightening standards, and to support increased rates of reuse.

Water treatment is a process of improving water quality and transforming it into an effluent that can be reused for specific end use like drinking, industrial water supply, irrigation, river flow maintenance, water recreation, etc., or safely returned to the nature with a minimized negative impact on the environment.

Water treatment process is mainly associated with removal of contaminants and undesirable components, or reducing the concentration of harmful chemicals to improve water quality for the desired end-use.

Factors such as lack of fresh water resources, rapidly developing emerging economies, rising concerns associated with environment degradation, increasing investment by companies in advanced wastewater treatment technology and growing emphasis on water quality and public health are expected to drive the overall market growth in the forecasted period.

Alongside these trends, there is increasing pressure upon water intensive sectors to improve their efficiency, and increase reuse of wastewater. These factors drive the need for more effective pollutant removal from water, and is likely to drive continued investment in water treatment. The market is anticipated to grow at a CAGR of approx. 7% during the forecasted period of 2023-2028.

Market Dynamics:

  • Growth Drivers: The global water treatment market has been growing over the past few years, due to factors such as rapid urbanization, increasing demand from end user industries, rising health awareness, water scarcity, climate change, stringent wastewater government regulations, etc. Effluents from companies processing chemicals, pesticides, rare materials & other harmful materials are proven to hazardous if not adequately treated before dumping into the fresh water resources. Governments of various countries are increasingly implementing stringent wastewater regulations along with punishments for perpetrators in terms of increased jail time & hefty fines, incentivizing many industries to build their own water treatment plants or employ wastewater treatment solutions & services, provided by wastewater treatment companies. Thus, rising stringent regulations requiring industrial producers to either recycle or clean wastewater before discharging in order to achieve sustainability goals will continue to increase the demand for wastewater treatments, boosting the growth of global water treatment market.
  • Challenges: However, the market growth would be negatively impacted by various challenges such as lack of infrastructure facilities, high installation, equipment and operations cost, etc. High cost of equipment and its operation act as a restraining factor in the water treatment market. Disinfection technologies, desalination equipment and Ozonation and UV equipment are very costly for developing and underdeveloped countries and requires considerable amount of energy to be operated, resulting in high overall equipment and energy consumption costs. So, absence of basic infrastructure and equipment that are required for distribution and storage of water in both developing and underdeveloped economies will continue to impend the growth of global water treatment market.
  • Trends: The market is projected to grow at a fast pace during the forecasted period, due to various latest trends such as increasing integration of artificial intelligence (AI), growing demand for internet of things (IoT) solutions, rapid advancements in water treatment technologies, increasing adoption of nanotechnology, thermal hydrolysis, etc. Artificial intelligence in water treatment processes is associated with higher automation, reduced operational cost, low occurrence of human error and optimizing use of chemicals with AI models successfully predicting the performance of different absorbents for the removal of pollutants from water. AI also helps in getting real-time data on the quality of water, predicting emergency events by observing data patters, optimizing energy use, meeting effluent compliance standards and detecting the amount and composition of toxic contaminants present in the effluent, and increasing the effectiveness & efficiency of providing wastewater treatment solutions. Therefore, increasing integration of AI in water treatment processes is expected to boost the growth of global water treatment market in the forecasted period.

Impact Analysis of COVID-19 and Way Forward:

COVID-19 brought in many changes in the world in terms of reduced productivity, loss of life, business closures, closing down of factories and organizations, and shift to an online mode of work.

Lockdown policies, imposed by the government to prevent the spread of virus forced various end user industries to either shut down or run low on production capacity, resulting in lower production and manufacturing activities by various end user industries and since end user industries including oil & gas, power plant, mining, pulp & paper, etc., demand water treatment solutions to remove impurities and chemical contaminants from effluent before releasing it into the environment in order to comply to stringent wastewater government regulations and achieve sustainability goals, there was a sudden fall in the demand for water treatment solutions as result of reduced production activities, having negative impact on the global water treatment market during the period, 2019-2020.

Competitive Landscape:

The market for water treatment has been fragmented due to the presence of numerous international, regional and local players in the market. The main objective of key players operating in the market is to adopt technologies such as AI, advanced diagnostics and nanotechnology to build an effective water treatment process for treating all the impurities present in a water resource.

The key players of the market are:

  • Veolia Environnement SA
  • DuPont de Nemours, Inc.
  • Xylem, Inc.
  • 3M Company
  • Pentair PLC
  • Ecolab Inc.
  • Kemira Oyj
  • DOW Inc.
  • Kurita Water Industries Ltd.
  • United Utilities Group PLC
  • Kingspan Group PLC (Kingspan Water & Energy)
  • SNF
  • Hydro International UK Ltd.
  • BioMicrobics, Inc

Product launches, mergers & acquisitions and partnership & collaborations are the main strategies adopted by water treatment players to expand market share and gain competitive advantage. For instance, on January 23, 2023, Xylem, Inc., and Evoqua announced that they have entered into a definitive agreement under which Xylem would acquire Evoqua in an all-stock transaction that reflects an implied enterprise value of approximately US$7.5 billion.

Key Topics Covered:

1. Executive Summary

2. Introduction
2.1 Water Treatment: An Overview
2.1.1 Definition of Water Treatment
2.1.2 Benefits of Water Treatment
2.1.3 Stages of Water Treatment Process
2.2 Water Treatment Segmentation: An Overview
2.2.1 Water Treatment Segmentation

3. Global Market Analysis
3.1 Global Water Treatment Market: An Analysis
3.1.1 Global Water Treatment Market: An Overview
3.1.2 Global Water Treatment Market by Value
3.1.3 Global Water Treatment Market by Application (Municipal and Industrial)
3.1.4 Global Water Treatment Market by Product and Services (Services, Equipment and Chemicals)
3.1.5 Global Water Treatment Market by Region (Asia Pacific, North America, Europe and Rest of the World)
3.2 Global Water Treatment Market: Application Analysis
3.2.1 Global Water Treatment Market by Application: An Overview
3.2.2 Global Municipal Water Treatment Market by Value
3.2.3 Global Municipal Water Treatment Market by Segments (Production of Drinking Water and Wastewater Treatment)
3.2.4 Global Industrial Water Treatment Market by Value
3.2.5 Global Industrial Water Treatment Market by Sector (Oil and Gas, Power Generation, Food and Beverages, Refining and Petrochem, Mining, Pulp/Paper, Micro Electronics, Pharmaceuticals and Others)
3.3 Global Water Treatment Market: Product and Services Analysis
3.3.1 Global Water Treatment Market by Product and Services: An Overview
3.3.2 Global Water Treatment Services Market by Value
3.3.3 Global Water Treatment Equipment Market by Value
3.3.4 Global Water Treatment Equipment Market by Type (Membrane Separation, Biological, Sludge, Disinfection and Others)
3.3.5 Global Water Treatment Chemicals Market by Value
3.4 Global Water Treatment Equipment Market: Type Analysis
3.4.1 Global Water Treatment Equipment Market by Type: An Overview
3.4.2 Global Membrane Separation Water Treatment Equipment Market by Value
3.4.3 Global Biological Water Treatment Equipment Market by Value
3.4.4 Global Sludge Water Treatment Equipment Market by Value
3.4.5 Global Disinfection Water Treatment Equipment Market by Value
3.4.6 Global Others Water Treatment Equipment Market by Value

4. Regional Market Analysis

5. Impact of COVID-19
5.1 Impact of COVID-19 on Water Treatment Market
5.2 Post COVID-19 Impact on Water Treatment Market

6. Market Dynamics
6.1 Growth Drivers
6.1.1 Rapid Urbanization
6.1.2 Increasing Demand from End User Industries
6.1.3 Rising Health Awareness
6.1.4 Water Scarcity
6.1.5 Climate Change
6.1.6 Stringent Wastewater Government Regulations
6.2 Challenges
6.2.1 High Installation, Equipment and Operations Cost
6.2.2 Lack of Infrastructure Facilities
6.3 Market Trends
6.3.1 Integration of Artificial Intelligence (AI)
6.3.2 Growing Demand of Internet of things (IoT) solutions
6.3.3 Rapid Advancements in Water Treatment Technologies
6.3.4 Increasing Adoption of Nanotechnology
6.3.5 Thermal Hydrolysis

7. Competitive Landscape
7.1 Global Water Treatment Market Players: Technology Comparison

8. Company Profiles

For more information about this report visit

About is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Artificial Intelligence

Confluence former executive joins fintech Premialab




James Carrington, a former executive at Confluence, Investment Metrics, Style Analytics has joined fintech Premialab. He brings extensive client engagement expertise in investment analytics and data for the institutional investment community.
LONDON, Feb. 27, 2024 /PRNewswire/ — Premialab, the financial data and analytics firm, announced today the appointment of James Carrington as Head of Client Engagement. Mr. Carrington, based in London, will spearhead global client engagement, leveraging over 10 years of experience in driving client engagement gained at Investment Metrics, Style Analytics, and most recently at Confluence, part of the Clearlake Capital Group portfolio. His primary focus will be on enabling faster tailor-made investment analytics delivery and data integration for Premialab’s pension funds, foundations, endowments, and insurance clients.

Adrien Geliot, Co-Founder & Chief Executive Officer of Premialab, said, “I am delighted to welcome James to the team. His appointment confirms our commitment to delivering first-class service to our customers across global locations. His experience in maximizing the value derived from investment analytics will be invaluable in serving our clients as we continue scaling our activities worldwide.”
Commenting on his appointment, James Carrington said, “I am delighted to have joined the Premialab team. Their innovative solution makes a real difference to institutional investors looking at quant investments. The evolution of Premialab over the last number of years has been something that I have followed closely, and I am looking forward to working with the team to further support our customer base across our established and emerging demographics.”
The announcement follows recent senior appointments at Premialab, including Philippe Jacson, former BNP Paribas, Merrill Lynch and MSCI executive; Daniel Fields, former Global Head of Markets at Societe Generale; John Macpherson, former Managing Director at Goldman Sachs, Citibank, and Nomura; Marc Fisher, former Managing Director at Citibank with a prior position at Deutsche Bank; and Georgios Sittas, former Managing Director at HSBC, Standard Chartered, and previously a director at Lehman Brothers.
Recognized as the reference for data and risk analytics on quantitative strategies, Premialab’s capital markets infrastructure is currently used by leading asset managers, insurance companies and pensions funds, accelerating their digitalization and enhancing performance and risk control while reducing costs. The platform’s client AUM is representing an estimated USD$10 trillion.
About Premialab
Premialab is an independent platform providing data, analytics and risk solutions on systematic and factor-based strategies in collaboration with leading investment banks and institutional investors globally. Combining intelligent technology with a unique source of information the platform empowers asset allocators to make better investment decisions whilst achieving utmost time and cost efficiency.
With offices in London, Paris, New York, Hong Kong, Sydney, and Dubai, its international team is dedicated to supporting a global client base with the most up-to-date risk premia dataset, advanced portfolio construction, performance and risk analytics. The firm has established strong partnerships with the top 18 investments banks, global asset managers, pensions funds and insurance companies.

View original content:

Continue Reading

Artificial Intelligence

Axon Technologies and Keyrus Announce Strategic Partnership to Elevate Cybersecurity Business




Keyrus Acquires Minority Stake in Axon Technologies, adding Axon’s Cybersecurity Portfolio to Keyrus Solutions, and Expanding Keyrus Reach across Middle East and Africa
PARIS and DUBAI, UAE, Feb. 27, 2024 /PRNewswire/ — In a significant development in the cybersecurity sector, Keyrus, an international leader in data intelligence and digital transformation, has announced the acquisition of a minority stake in Axon Technologies, a premier provider of cybersecurity services based in Dubai, UAE. This strategic investment marks a major milestone in Keyrus’ cybersecurity strategy, signalling an ambitious step towards establishing a global cybersecurity powerhouse.

Strategic Expansion and Enhanced Cybersecurity Solutions
The collaboration between Keyrus and Axon Technologies is set to revolutionize the cybersecurity landscape in the Middle East and Africa, particularly with Keyrus’ entry into the lucrative Saudi Arabian market. This move enables Keyrus to pursue its investment in a newly formed cybersecurity business, offering enhanced data security solutions to both existing and new clients.
Eric Cohen, Founder and CEO of Keyrus, expressed his enthusiasm: “This investment in Axon Technologies marks a significant step in our cybersecurity strategy. We’re embarking on an exciting journey to amplify our cybersecurity capabilities and establish a world-class global player in this domain. Axon Technologies’ innovative approach to consulting and managed services aligns perfectly with our vision and culture. We eagerly anticipate integrating Axon into our ecosystem to bolster our cybersecurity solutions and address the digital security challenges of our clients.”
Hadi Hosn, CEO of Axon Technologies, also shared his thoughts: “This partnership marks a new era for Axon Technologies, propelling us further in our mission to protect organizations from cyber threats. We admire the Keyrus vision and believe that our combined strengths will lead to disruptive data and cybersecurity solutions, addressing critical challenges in digital identity, application security, API, and data security across various environments and industries.”
Hadi Darwiche, Chairman of DIV Capital & Co-founder of Axon Technologies: “It’s gratifying to see Axon Technologies grow from a concept into a key player in the cybersecurity field. With Keyrus joining forces with us, we anticipate a period of sustained growth, leveraging our combined experience and established reputations. We are confident that together, Axon Technologies will continue to extend its market presence and deliver top-tier solutions.”
Comprehensive Cybersecurity Portfolio and Global Reach
In a relatively short period, Axon Technologies, founded in 2020, has emerged as a beacon of excellence and innovation in the cybersecurity field, demonstrating remarkable growth and agility in its operations. With a revenue of $3.2 million USD in 2023 and a projected substantial increase of the activities, it represents a testament to its robust business model, exceptional service delivery, and the trust clients place in Axon Technologies. The team made of 30 dedicated professionals is its most valuable asset. Axon Technologies commits to growing its team, fostering a culture of innovation, collaboration, and continuous learning.
Axon Technologies, renowned for its expertise in cybersecurity, will now be able to leverage Keyrus global presence and capabilities. With headquarters in Dubai and a significant footprint in the Middle East, Europe and Africa, Axon Technologies is well-positioned to monitor threats and support client cybersecurity programs across these regions effectively. With the backing of Keyrus’s global network, Axon Technologies is poised for unprecedented growth and are dedicated to setting new standards in the cybersecurity landscape.
The partnership is also expected to enhance the offerings of both companies. Axon Technologies’ expertise in Data Security, Cloud Security, DevSecOps and Managed Security Services aligns seamlessly with the Keyrus strategic objectives in digital, data, AI and cloud transformation initiatives.
About Axon Technologies
Axon Technologies offers comprehensive cybersecurity services including consulting, managed security services, engineering, and testing. The company is a leader in addressing critical infrastructure customers’ cybersecurity needs, from strategic consulting to hands-on management and technical security engineering support and managed security services, ensuring a robust and comprehensive approach to cybersecurity. The company’s service portfolio includes:
Technical Security Consulting & Advisory: Guidance and expertise for technical cybersecurity programs.Advanced Security Testing: Rigorous cybersecurity testing across the environment to identify and address vulnerabilities.Security Engineering & Architecture: Designing and implementing robust security architectures across on-premises and cloud environments.Managed Security Services: Ongoing management and support of cybersecurity operations. About Keyrus
Keyrus, an international player in the consulting and technology sectors and a specialist in data and digital technology, is dedicated to helping enterprises take advantage of the data and digital paradigm to enhance their performance, facilitate and accelerate their transformation, and generate new drivers of growth and competitiveness.
Placing innovation at the heart of its strategy, Keyrus develops a value proposition that is unique in the market and centred around five major service groups, each comprised of multiple solutions:
Automation and Artificial IntelligenceHuman-Centric Digital ExperienceData and Analytics enablementCloud and SecurityBusiness transformation and InnovationBuilding on the combined expertise of more than 3,500 employees active across 27 countries and 4 continents, Keyrus is one of the leading international experts in data, consulting and technology.
Keyrus is listed on Euronext Growth Paris. (ALKEY – ISIN Code: FR0004029411 – Reuters: KEYR.PA – Bloomberg: ALKEY: FP).
About DIV Capital
DIV Capital, originally starting as a family office, now operating as a strategic investment holding firm, specializing in bespoke advisory services. The firm focuses on fortifying family capital through comprehensive offerings that encompass support for early-stage enterprises, strategic asset allocation, and robust governance infrastructure development. The firm operates out of Geneva and Dubai and provides three core services:
Family Asset Support: Tailored support to construct an asset allocation that meets wealth goals.Family Financial Sponsorship: Reinforcement for family-operated businesses, aimed at fostering enduring value creation.Governance and Reporting: Consultation on governance frameworks and the enhancement of reporting standards for comprehensive asset oversight.Forward Looking Statements
Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. Axon Technologies, Keyrus or DIV Capital do not make any representation or warranty, express or implied, as to the accuracy, completeness or updated status of such statements. Therefore, in no case whatsoever will the companies and the affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages.
Contact: [email protected]
Logo –

View original content:

Continue Reading

Artificial Intelligence

NDC Group and Valantic form a strategic partnership in EPM solutions




PRAGUE, Feb. 27, 2024 /PRNewswire/ — NDC Group, a leading company in enterprise performance management (EPM) consultancy and data analytics is pleased to announce a strategic partnership with valantic, renowned digital solutions, consulting, and tech innovation company. Through this partnership, the companies aim to offer a joint portfolio of solutions and services in SAP planning and analytics.

Central to this collaboration is the delivery of NDC Financial Consolidation, which offers an automated and streamlined approach to legal and managerial consolidation. While the solution draws inspiration from the concept and functions of previously popular SAP consolidation solutions, it utilizes the modern technologies to enhance automation, performance, user experience, and seamless data integration.
The partnership also gives the chance to offer additional products, including SAC workforce planning content, SAP BusinessObjects migration accelerators, and pre-built content for SAC financial planning. Overall, the combined expertise and product offering enhance the ability of both companies to support customers in driving data-driven transformations within their organizations.
Stefan Blinkmann, Head of SAP Analytics at valantic, emphasizes: “We are very pleased about our new partnership, and we are convinced that our customers will benefit greatly from it. Above all, the NDC Group’s products create added value in the area of consolidation based on SAP Analytics Cloud, and they expand valantic’s range of services. An integrated solution for reporting, planning, and consolidation in SAP Analytics Cloud provides multiple benefits for our customers and enables them to streamline their system landscape.”
Karel Jirik, Head of Products at NDC Group, is also convinced of the benefits of this collaboration: “Our partnership with valantic is an excellent opportunity to leverage the synergies between our teams to streamline and transform our customers’ data landscape. The jointly offered EPM solutions enable precise and swift decision-making and enhance operational efficiency, crucial elements in today’s competitive landscape. I’m particularly pleased we found a lot of commonalities with valantic, and I am convinced together we can deliver better solutions in a shorter time.”
Vladislav Stefanak, CEO of NDC Group, reflects on the partnership’s potential: “This partnership embodies my vision of equipping our clients with advanced functionalities reminiscent of those found in SAP BPC and SAP Financial Consolidation, yet significantly enhanced by leveraging top-tier SAP technologies. Our collaboration with valantic commenced with remarkable synergy from the outset, underpinned by their extensive expertise and knowledge base.”
Photo –

View original content:

Continue Reading