Global Water and Wastewater Treatment Market Size, Share, Growth Analysis, By Type(Chemicals, equipment and services), By Application(Municipal and industrial) - Industry Forecast 2024-2031

Global Water and Wastewater Treatment Equipment Market size was valued at around USD 63.45 billion in 2022 and is expected to rise from USD 66.31 billion in 2023 to reach a value of USD 94.29 Billion by 2031, at a CAGR of 4.5% over the forecast period (2024-2031).

The demand for water, both for power generation and clean municipal applications, is expected to increase in the coming years, driven by sustainability concerns heightened by the COVID-19 pandemic. This heightened awareness is also leading to increased attention on water resource management. Additionally, there's an anticipated rise in demand for water and wastewater treatment equipment due to infrastructure development programs launched as part of economic stimulus efforts to recover from the pandemic's impact. Growing global awareness of the importance of waste disposal for human and animal health is leading to the adoption of various waste disposal techniques and practices. Waste management companies are under pressure to dispose of or recycle waste promptly, especially hazardous materials like metals and salts. Water treatment equipment is crucial in downstream processing in the refining industry to reduce utility costs and provide water for energy production. Major oil and gas refining economies, particularly in the Middle East and Asia Pacific regions, are increasingly investing in water treatment facilities, driving market growth. Strict regulations on wastewater emissions in certain countries, enforced by agencies like the European Environment Agency (EEA) and the United States Environmental Protection Agency (EPA), are expected to significantly boost the water and wastewater treatment equipment market. As the global water and wastewater treatment equipment sector grows, many companies are establishing manufacturing and distribution facilities worldwide. Intense competition characterizes the market, with new companies entering and established players continually exploring new opportunities to develop better and more innovative equipment.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Water and Wastewater Treatment Equipment Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Water and Wastewater Treatment Equipment Market Segmental Analysis

The global water and wastewater treatment equipment market is segmented on the basis of equipment, application, process, and region. By equipment, the market is segmented into membrane separation, biological, disinfection, sludge treatment, and others. By application, the market is segmented into municipal, and industrial. By process, the market is segmented into primary treatment, secondary treatment, and tertiary treatment. By Region, the market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Drivers of the Global Water and Wastewater Treatment Equipment Market

The increasing global population and urbanization are leading to a higher demand for clean water for drinking, sanitation, and industrial purposes. This trend is fueling the need for water and wastewater treatment equipment to ensure a sustainable and dependable supply of clean water.

Restraints in the Global Water and Wastewater Treatment Equipment Market

Water and wastewater treatment equipment necessitates specialized knowledge and skills for operation and maintenance. However, in certain regions, there is a shortage of skilled workers with the required expertise. This shortage can hinder the adoption of water and wastewater treatment equipment and impede the market's growth.

Market Trends of the Global Water and Wastewater Treatment Equipment Market

The rising need for clean and safe water, along with growing awareness of water conservation and sustainability, is boosting the demand for water and wastewater treatment equipment. Governments and regulatory bodies worldwide are also prioritizing the enhancement of water quality standards, contributing to the market's growth.