Water Treatment Chemicals and Technology Market Water Treatment Chemicals and Technology Market | Page 3

The pumping system market generated the highest revenue in 2016
and is expected to grow at a CAGR of 3.1% during the forecast
period
The pumping system market generated a revenue of nearly $105.5 billion in
2016 and is expected to dominate the market for the entire forecast period
because the focus on energy-efficiency offers a considerable potential for
growth. Moreover, environmental compliance with increasingly stringent
regulations has a significant impact on the market. However, the membrane
system market is expected to grow at the highest CAGR of 9.1% during the
forecast period because of increasing use of microfiltration and ultra-
filtration membranes in industrial wastewater treatment plants.
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