PUBLISHER: Allied Market Research | PRODUCT CODE: 1344531
PUBLISHER: Allied Market Research | PRODUCT CODE: 1344531
According to a new report published by Allied Market Research, titled, "Water Treatment Equipment Market," The water treatment equipment market was valued at $54.3 billion in 2022, and is estimated to reach $93.9 billion by 2032, growing at a CAGR of 5.7% from 2023 to 2032.
Water treatment equipment treats the wastewater and removes the pollutants making it safer to release to the environment. The report focuses on various types and end-user industry, which include municipal and industrial. Growth in demand for clean water for municipal applications and demand for water for power generation is expected to boost the growth. The rise in awareness of effective waste disposal for animal and human health has resulted in the introduction of various disposal systems and procedures. Waste management organizations are required to dispose of or recycle waste on time owing to the presence of huge amounts of harmful substances in the garbage, such as metals and salts.
The rise in global population and industrialization along with changing laws on water treatment in industries and other sectors drive the global water treatment industry. Urbanization of population during the forecast period lead to an increase in demand for water treatment plants at municipal levels. In some regions, wastewater is already a common water source as safer water sources are not available. In addition, treated wastewater is increasingly being used in agricultural irrigation. A major hindrance to the growth of the global wastewater treatment equipment market is the high upfront and operational costs involved in wastewater treatment plants. However, global water scarcity is expected to be a reality in the coming years as a result of which the capacity to treat wastewater and reuse the same has to be increased. Most population growth occurs in developing countries, mainly in regions that are already experiencing water stress and in areas with limited access to safe drinking water and adequate sanitation facilities. The development of advanced energy efficient water treatment technologies is expected to benefit the market growth in the long run. Therefore, the need for achieving better water treatment rates is projected to offer lucrative opportunities for the global water treatment equipment market growth.
The water treatment equipment market is segmented on the basis of type, end-use industry, and region. On the basis of type, the market is classified into process equipment, mud treatment, filtration systems & media, disinfection, diversions & screens, meters, membranes, and others. On the basis of end-use industry, the market is bifurcated into industrial and municipal. The industrial segment is further segmented into process water treatment, wastewater treatment, and sludge treatment. Moreover, the Municipal segment is further fragmented into process water treatment, wastewater treatment, and sludge treatment. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the industry include Calgon Carbon Corporation, Culligan Water, Ecolab, General Electric, Hydranautics, Pentair, Lenntech B.V., Suez, Veolia, and Xylem. These players have adopted product launches as their key strategy to increase their market shares.