Growing demand for industrially treated water which satisfies purity standards for industrial usage combined with bio effluent usage for organic water requirement set to increase Water treatment requirement thereby boosting business.
According to Ken Research report titled “Malaysia Industrial Water and Waste Water Treatment Market Outlook to 2022 – By Region (North, Kuala Lumpur, South and East, and Sabah and Sarawak) and By Industry (Agriculture and Food, Palm Oil, Oil and Gas, Electronics, and Others)” demand is expected to be highest in the Southern part of Malaysia, namely in Johor followed by the Penang, Kuala Lumpur and Pantai region. Sabah, Negeri and industrial towns along major river banks are expected to emerge as areas with highest growth potential.
Industrial water and waste water treatment industry in Malaysia registered a positive five year CAGR in last five years (2012-2017). The growth was mainly driven by strict implementation of regulatory norms and scarcity of water promoting the industries to use recycled water. Increased demand for energy and rise in manufacturing industries has promoted the development of water treatment industry. Major water treatment companies included Taliworks Sdn, Darco Water, Britech Engineering, Salcon Berhad, PBA Holdings, Serba Dinamik and Sigma Water. The market is largely dominated by domestic companies or Joint venture of domestic companies with foreign players. A small part of the equipments are manufactured domestically. New and technologically advanced membranes and filters are still imported as demand is still in the growing phase.
Agriculture plantations and Oil and gas plants were the largest users of water treatment facilities in Malaysia. It was followed by Palm Oil refineries and Electronics. Pantai and Kuala Lumpur have very high volume of installed water treatment facility as they are among the most industrialized regions in Malaysia. Southern states were the second largest contributors in terms of demand creation for water treatment and are expected to catch up with western states.
Stringent regulations, depleting water resources and degrading water quality, rising water quality, government initiatives promoting water treatment installations, companies opting for zero liquid discharge and increased treatment requirements by the IWK are the key growth drivers in the Malaysia Industrial water and waste water treatment market. Poor implementation of existing regulations in many parts of the country, lack of ETPs in SMEs, fragmented market in equipment supply, poor energy efficiency among the waste water treatment facilities, lack of funds, price sensitivity in tenders, and poor investment in R&D are some key restraints in the water treatment business.
For more information on the research report, refer to below link:
Centrifugal pumps will continue to witness higher sales in the future as a result of its lower price as compared to positive displacement pumps.
India is expected to observe remarkable progress in the field and is expected to grow with a phenomenal CAGR of 12.7% over the period of 2013-2018
The report is useful for equipment manufacturers, water treatment consumable manufacturers and suppliers, environmental associations, EPC companies and potential entrants and other stakeholders to align their market centric strategies
Ankur Gupta, Head Marketing & Communications