World Market for Treat, Transport and Test Market Will Exceed $387 Billion By 2015

18.06.2014

The world market for air and gas, water and other liquids flow and treatment equipment and services will exceed $387 billion in 2015 up from $367 billion in 2014. This is the latest forecast in Market Air/Gas/Water/Fluid Treatment and Control: World Market published by the McIlvaine Company.

World Market for Treat, Transport and Test Market Will Exceed $387 Billion By 2015

World Treat, Transport Test Market ($ Billions) (Image: McIlvaine)

Large companies such as Ecolab and Colfax have been expanding in the broader flow and treatment market. Xylem is in the market and has segmented their activities into treat, transport and test. McIlvaine has defined this market to include pumps, valves, compressors, liquid and air filtration equipment, biological treatment systems, treatment chemicals and all the related monitoring and control systems to move and purify fluids.

The growth in Asia this year is projected at 6 percent versus only 4 percent in Europe and 5.4 percent worldwide. This is in real dollars. Inflation is presently projected at 3.8 percent this year. The aggregate revenues of the companies participating in this market are anticipated to rise to $402 billion in 2015. Reported revenues are always in current dollars. So, one must take into account inflation to fairly compare the forecasts with the actual results.

In general, this market is growing at 1-2 percent faster than GDP. In part this is due to environmental regulations which add additional stimulus to the treat segment of the market. Another factor is the switch from conventional natural gas and oil to nonconventional recovery. The amount of treat, flow and test investment in a shale oil or shale gas extraction process is considerably greater than extraction from conventional sources.

More articles on this topic

Water Sector Needs to Attract Young Talent

03.08.2022 -

One of the UK water sector’s ‘rising stars’ has called on the industry to find new ways to attract young talent in order to tackle urgent social and environmental challenges. That was the message of the latest Water Action Platform webinar from technology consultancy Isle – which sought to uncover the views of younger people coming into the water sector, delve into the challenges they face, as well as celebrate their achievements across the world.

Read more

Delta Supports Intelligent Water Supplies with New Energy Efficient MPD Series Motor-Drive Solution

05.07.2022 -

Delta announces the launch of their MPD Series inverter with motor, suitable for pump and fan applications. The new series delivers the benefits of energy efficiency, intelligent water supply and ease of operation by featuring a Delta MSI class IE5 energy efficiency synchronous reluctance motor coupled with a motor-mounted Delta MP300 variable frequency drive.

Read more