The selection of the equipment depends upon the quantity of water to be treated, physical and chemical parameters, and conjunction with other processes involved. The global bottled water technology & equipment market is driven by many factors such as the increase in consumption of bottled water and technological advancement. The increase in demand for potable water in the Asia-Pacific region has played a considerable role in the increased market size for the bottled water technology & equipment market. The bottled water processing market includes the equipment and technology that is used for producing bottled water. This market has growth with increasing the consumption of bottled water. The shortage of drinking water supply and contamination of water bodies has boosted the global bottled water industry.
Increasing preference of customers to use bottled water has given a rise to the involvement of companies in the bottled water industry. The market is highly diversified and competitive, and comprises a large number of players, including mid-tier companies and start-up firms. Bigger firms in the market are increasingly investing in R&D and exploring new opportunities to penetrate further into the market. The bottled water processing market is influenced by two main factors: technology development and firm infrastructure. The bottled water processing market, in terms of value, is projected to reach around USD2,106.5 million by 2019, at a CAGR of around 5.5 percent from 2014. The growth of this market is attributed to the rising consumption of bottled water and technological innovation in bottled water processing equipment. However, rising power and energy costs are inhibiting the growth of the market. Bottled water processors' demand for after-sales services and government funding & support for small bottled water processors serve as an opportunity to increase the sales of bottled water equipment by manufacturers. The market is highly fragmented with the key market players driving the growth with agreements, expansions, acquisitions, and new product launches develop its position in the bottled water industry. The market is competitive with leading players being involved in the research & development of new processing equipment and technology. The bottled water industry has many players, (small, medium, and large) however the industry is dominated by a few. New product launches and development were found to be the most preferred growth strategy in the bottled water processing market. The purpose of adopting this strategic expansion is that it results in increasing geographic presence and product portfolio. Key players in this market are Pall Corporation (U.S.), General Electric (U.S.), Dow Chemical Co. (U.S.), and Seychelles Environmental Technologies, Inc. (U.S.).