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Water: equipment sectors will see rapid growth

The industrial water and wastewater equipment market will grow at 7.5% a year over the next 5 yrs to reach a total value of US$22-B in Y 2016, Singapore International Water Week (SIWW) quoted the Global Water Intelligence as saying Thursday.

It also added that equipment demands for the Oil and Gas sector will see an annual growth rate of over 24%, representing the fastest sector all around the world.

It’s all because of the huge demands for water use in industrial sectors, which has forced the industries to search for innovative solutions to improve water sustainability.

In responding to this shift, water industry majors will share their ideas on key water challenges as well as how solutions can turn them into opportunities in the 5 Industrial Water Solutions Forum during the five-day event of SIWW, which will be held from 1-5 July.

The SIWW said they expect to see more than 15,000 participants attending the meetings and forums this year. During the Water Expo people can witness the maiden show of 40 innovative products, involving 650 participating companies and 16 International group pavilions.

The SIWW provides a Global platform for sharing and co-creation of innovative water solutions. The 5th edition this year is organized in conjunction with the 3rd World Cities Summit and the inaugural CleanEnviro Summit Singapore.

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Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.

Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.

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