Europe Ultrapure Water Market Forecast 2022-2030
KEY FINDINGS
The Europe ultrapure water market is anticipated to increase with a 7.38% CAGR between the forecast years from 2022 to 2030. Increasing investments to build up the semiconductor chips production and rising demand for electricity stimulate market growth in the region.
MARKET INSIGHTS
The Europe ultrapure water market growth analysis entails the assessment of Italy, Netherlands, United Kingdom, Spain, Norway, France, Germany, and Rest of Europe. The government of France is making strategic plans to increase the semiconductor market in the country. For instance, the government has announced a $5.01 billion investment plan to develop and manufacture cutting-edge electronics technology by 2030. With such vision and investments, the demand for ultrapure water is likely to increase with the rise in the production of semiconductors. Hence, all such factors are expected to promote market growth in France during the forecast period.
On the other hand, there has been a growth witnessed in the production of electricity in Spain, and it is one of the major factors expected to contribute towards the growth of the ultrapure water market in France during the forecast period. According to the International Energy Agency, a heatwave engulfed the nation in meeting the increased demand for electricity. This increase also reflected the increased demand for electricity exports to nearby nations. Electricity demand and production are expected to increase further with industrialization and urbanization, accelerating the demand for ultrapure water. Also, government investments in developing the semiconductor industry are expected to supplement the market growth.
COMPETITIVE INSIGHTS
Key market players include Veolia Group, Lenntech, Weil Wasseraufbereitung GmbH, etc.
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