Vietnam Industrial Water and Waste Water Treatment Market segmentation by region (North, South and Central), Market Segmentation by Industry (Power, Food Processing, Textile, Chemical, Paper and Pulp, Oil and Gas, Pharma and Others) and Company profile of major companies (Van Lang, SEEN Technologies Corporation, Ecoba ENT, GREE)
- Strict implementation of regulations, rising number of CETPs in Industrial complexes/craft villages and Industrial clusters will drive the future market as many clusters are still without any water treatment facility or are in poor working conditions.
- Many new industries are expected to be constructed in next few years under investment drive by Vietnamese government creating additional demand for water treatment.
Analysts at Ken Research in their latest publication “Vietnam Industrial Water and Waste Water Treatment Market Outlook to 2022 – By Region (North, South and Central) and By Industry (Food Processing, Textile, Chemical, Power, Oil and Gas, Fertilizers and Others)” believe that promoting better regulations, providing more grants for research, involving participation of private sector will help in promoting the water treatment industry. New and upcoming industries with focus on efficiency will promote the use of high end technologies. Water conservation will remain the key theme for promotion of Industrial water and waste water treatment industry. Vietnam Industrial water and water treatment market is expected to register positive CAGR of around 3% during the period 2017-2022. Commitment conserve the environment and rising awareness about benefits of water treatment for society as whole are expected to have positive impact on the demand.
Vietnam Industrial Water and waste water Treatment Market Infographic | Photo credit: Ken Research
The market for Industrial water and waste treatment is expected to register growth as it has gained fresh momentum due to enhanced focus of the government. Demand for industrial water and waste water treatment industry in Vietnam will be largely driven by increased concern for environment and lack of good quality water for industrial uses. The rivers are polluted and water must be treated before putting it to any use. Similarly discharging effluent in the open creates a lot of problem in the surrounding areas which has long term health impact prompting local to protest against setting up industries. The government also has shown its concern and has announced multiple investment projects in wastewater treatment to ensure treatment of water before being discharged. Plans of the government to make Vietnam a manufacturing hub will further boost the demand for water treatment plants in new and upcoming industries. Expansion of current capacity and upgradation of existing facilities with better, improved and efficient system will further boost the market.
Southern part of the country is fast emerging as the major destination for industrial water and waste water treatment industry. Upcoming manufacturing unit and increased participation of the private sector in developing manufacturing capacity in provinces adjoining Hanoi and Ho Chi Minh cities have contributed to the growth in water treatment sector. Power and Textile sector along with agro based food processing is expected to drive the market in the region.
For more information on the research report, refer to below links:
https://www.kenresearch.com/energy-and-utilities/clean-technology/vietnam-industrial-water-wastewater-treatment-market/149538-103.html
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