PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1363821
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1363821
Global Photocatalytic Water Treatment Market is valued at approximately USD 9.8 billion in 2022 and is anticipated to grow with a growth rate of more than 6.5% over the forecast period 2023-2030. Photocatalysis is a proven method for degrading pollutants and producing hydrogen by water splitting. Photocatalytic Uses solar energy to remove dangerous microscopic contaminants from water. Photocatalysts are used for antifouling, antifogging, conservation and storage of energy, deodorization, sterilization, self-cleaning, air purification, wastewater treatment, etc. The increasing demand for clean water, growth in technological advancements and the adoption of eco-friendly wastewater solutions are key factors responsible for Photocatalytic Water Treatment growth over the forecast period of 2023-2030.
According to the World Health Organization, in 2023, Globally, there will be 3,95,000 deaths due to unsafe water among children under the age of five, which represents 7.6% of deaths. This included 273 000 deaths from diarrhea and 1,12,000 deaths from acute respiratory infections. The increased demand for clean water is the primary factor of growth in the market. Also, rising stringent government laws towards water management will accelerate market growth. Moreover, increased awareness regarding water pollution and a rise in investment in research and development in photocatalysis are anticipated to create a positive outlook for the market. For Instance, in Feb 2022, the University of California, Berkley announced the creation of a new graphene oxide-based photocatalyst material. The material is stable and more effective at removing pollutants from water. However, high manufacturing costs stifle market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Photocatalytic Water Treatment Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in terms of revenue owing to factors such as the rise in investment in the R&D of wastewater treatment, technological advancements in water treatment, and growing awareness about the importance of water treatment would create lucrative growth prospects for the Water Treatment Systems Market across Asia-Pacific region. North America is the fastest-growing region due to increased usage of nanoparticle-based water treatment and growth in environmental sustainability in the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures are dummy in nature, final lists may vary in the final deliverable
List of tables and figures are dummy in nature, final lists may vary in the final deliverable