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HomeFEATURED STORYExperts Predict Growth in Water Treatment Market

Experts Predict Growth in Water Treatment Market

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The recent years have been characterized by a rise in Industrial activities which has caused depletion of freshwater reserves.

Experts predict that this trend will be a boost for the water and wastewater treatment market in Kenya because of the fierce competition over the scarcity of safe drinking water. The trend will increase activities around recycling and re-use of wastewater as the natural resource becomes more scarce by the day.

Latest Global Water and Wastewater Treatment Chemicals report published by Research and Markets website, shows the market is tipped to grow by 4.3% annually until 2025. The growth is driven by a rise in cautious use of the resource as its value increases.

Most organizations have already begun integrating water stewardship into their corporate plans with a commitment to use water in a way that is socially and culturally equitable, environmentally sustainable and economically beneficial.

Davis & Shirtliff Group CEO David Gatende notes that there has been a rise in interest in the water industry.

“Rising production costs resulting from increased cost of water as a vital raw material in most production processes as well cooling or heating medium in other operations has elicited huge interest in the water industry by large corporations,” said Gatende.

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As a result, the water and energy solutions provider projects increased partnerships in the water industry with a big goal to continuously improve water use efficiency in production processes, to protect shared water resources and widen access to clean water and sanitation in the communities where corporates are present.

“Water conservation requires a multi-disciplinary and multi-stakeholder approach and the joint involvement of all these organizations spells good fortunes for the industry,” Gatende added.

In signing a distribution deal with Davis and Shirtliff, a subsidiary of Japan-based Kurita Water Industries advised Kenya to prioritise enhancing its water reserves for industrial and home use to ease the pressure to extract water from existing water sources.

Similarly, there is a need to rehabilitate some of the wetlands, swamps, and rivers from which currently water cannot be extracted due to pollution, encroachment, and deforestation.

International research firm, Business Communications Company (BCC) shows the global market for water and wastewater technologies reached 64.4 billion dollars (Ksh 6.5 Trillion) in 2018 and project this to reach 83 billion dollars (Ksh 8.4 Trillion) by 2023, at a compound annual growth rate of 5.2% for the period of 2018-2023.

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Kevin Namunwa
Kevin Namunwahttp://www.businesstoday.co.ke
Kevin Namunwa is a senior reporter for Business Today. Email at [email protected].
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