Global Septic Tanks Market Overview:
A septic tank collects and treats wastewater at a property that is not associated with the mains sewer system. The term septic refers to the anaerobic infectious environment that progresses in the tank and which decomposes or mineralises the waste discharged into the tank. Adding a supplemental infectious agent to the tank will accelerate the digestion of solids in the tank. America approximately 25% of the population relies on septic tanks which include suburbs and small towns as well as rural areas and in Europe they are mostly limited to rural areas only.
Market Drivers
- Growing Construction across the Globe
- Increasing Use of Septic Tanks for Residential Purpose
Market Trend
- Advancement in the Material Used to manufacture Septic Tanks
Restraints
- Exposed Effluent Has a Very High Health Risk
- Expensive to Install Septic Tanks
Opportunities
- Rising Awareness among People about the Benefits of Septic Tanks
Challenges
- Lack of skilled labor for the installment of Septic Tanks
Competitive Landscape:
Some of the key players profiled in the report are Simop (France), Rewatec (United Kingdom), Saint Dizier Environnement (Belgium), Zehnder Pumpen GmbH (Germany), WPL Ltd (United Kingdom), Techneau (France), Kingspan Group (Ireland), Otto Graf (Germany), Asio (Australia) and Eurobeton (Croatia). Analyst at AdvanceMarketAnalytics see German Manufacturers to retain maximum share of Global Septic Tanks market by 2024. Considering Market by Capacity, the sub-segment i.e. 750 Gallon will boost the Septic Tanks market.
Market Highlights:
On February 12, 2018 - Saniflo Canada parent company, SFA Group, the worldwide leader in macerating and grinding toilets, has acquired Zehnder Pumpen GmbH. With the acquisition of Zehnder Pumpen in Grünhain-Beierfeld Saxony, SFA Group strengthens its position in the worldwide growth market of sanitary technology and ideally complements its current product portfolio.
BS EN 12566 Certification is needed to install new septic tanks in Europe.
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Septic Tanks market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Septic Tanks market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Septic Tanks, Suppliers of Septic Tanks, Wholesalers, Distributors and Retailers of Septic Tanks, Equipment Suppliers and Governmental Bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.