SOUTH AMERICA RESIDENTIAL WATER TREATMENT EQUIPMENT MARKET ANALYSIS

Market Challenges And Opportunities

Market Restraints

Low availability of product as the residential water treatment equipment market in South America is highly untapped, and lack of availability of water purifiers is exepcted to hinder the market growth over the forecast period. Hence, low availability of water treatment equipment is expected to restrict the South America growth of residential water treatment equipment.

Sometimes not all the impurities get removed which are present in a minute in quantity. This factor is expected to restrict the adoption of the water purification system, in turn hampering the growth of South America residential water treatment equipment over the forecast period.

Market Opportunities

The rising number of water treatment plant in South America is expected to offer lucrative growth opportunities over the forecast period. For instance, in October 2017, Enel, through its renewable subsidiary Enel Green Power Peru, has started operating a nanotechnology-based wastewater treatment plant for the construction site of its Wayra I wind project in Marcona, Ica Region, a one of a kind wastewater treatment plant in South America.

The growing construction industry in the South America region is projected to augment the market growth of water treatment equipment over the forecast period. According to the South America News, the Peruvian construction industry’s output value was estimated to be US$ 28.7 billion in 2018. This is projected to grow to US$ 36.6 billion in 2023 (measured at constant 2017 US dollar exchange rates), close to an annual rate of 5%.