Water and Wastewater Treatment Equipment Market Size, Share, Growth Analysis, By End-User (Municipal, Industrial), By Process (Primary Treatment, Secondary Treatment), By Product Type (Filtration, Disinfection), By Region - Industry Forecast 2024-2031

Global Water and Wastewater Treatment Equipment Market size was valued at USD 65.6 billion in 2022 and is poised to grow from USD 68.7 billion in 2023 to USD 87.7 billion by 2031, growing at a CAGR of 5% during the forecast period (2024-2031).

The demand for water in power generation and for municipal use is projected to rise, driven by increased awareness of sustainability, a trend heightened by the COVID-19 pandemic. As economic recovery efforts stimulate infrastructure projects, there is also expected growth in the need for water and wastewater treatment equipment. This growth reflects a renewed focus on effective water resource management and the implementation of more robust infrastructure to handle water and wastewater efficiently. In response to the growing global emphasis on proper waste disposal to protect both human and environmental health, diverse waste management practices are being adopted. Companies in the waste management sector are required to handle and recycle waste, including hazardous materials like metals and salts, in a timely manner. In the refining industry, water treatment equipment plays a crucial role in reducing utility costs and supporting water availability for energy production. Major oil and gas refining regions, especially in the Middle East and Asia Pacific, are increasingly investing in water treatment facilities, driving market expansion. The water and wastewater treatment equipment market is expected to experience substantial growth during the forecast period, propelled by stringent regulations on wastewater emissions imposed by countries and active efforts by agencies such as the European Environment Agency (EEA) and the U.S. Environmental Protection Agency (EPA) to improve water quality and reduce pollution. As the sector grows globally, numerous firms are expanding their manufacturing and distribution capabilities. The market is becoming increasingly competitive, with new entrants and established players alike pursuing innovative solutions to advance the technology and meet emerging needs.

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 based on product type, end-user, process, and region. Based on product type, the market is segmented into Filtration (Granular/Sand Filtration, Reverse Osmosis (Ro), Microfiltration (Mf), and Other Types) Biological, Disinfection (Chlorine, Ultraviolet, Ozone, and Other Disinfections), Sludge Treatment, Desalination, Testing and Others. Based on end-user, the market is segmented into Municipal (Residential, Commercial), and Industrial (Oil & Gas, Pulp &Paper, Chemicals, Food & Bevergae, and Other End Users). With respect to categorization by process, the market is segmented into primary treatment, secondary treatment, and tertiary treatment. Based on 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

As the global population continues to rise and urban areas expand, the need for clean water for drinking, sanitation, and industrial use is intensifying. This growing demand is propelling the need for advanced water and wastewater treatment equipment to maintain a sustainable and dependable supply of clean water. The expansion of urbanization and population growth are key factors driving the increased demand for efficient water treatment solutions. Ensuring a consistent and high-quality water supply requires robust treatment infrastructure, underscoring the importance of investing in effective water and wastewater management technologies.

Restraints in the Global Water and Wastewater Treatment Equipment Market

Operating and maintaining water and wastewater treatment equipment demands specialized expertise, which is in short supply in certain areas. This shortage of skilled professionals can hinder the widespread adoption of such equipment and impede the overall growth of the market. The lack of trained personnel presents a significant challenge for the effective deployment and upkeep of water and wastewater treatment systems. Addressing this skills gap is crucial for accelerating market expansion and ensuring that treatment technologies are utilized efficiently.

Market Trends of the Global Water and Wastewater Treatment Equipment Market

Rising demand for clean and safe water, combined with heightened awareness of water conservation and sustainability, is significantly boosting the need for water and wastewater treatment equipment. This growing emphasis on safeguarding water resources is driving market expansion as more emphasis is placed on advanced treatment technologies. Additionally, governments and regulatory agencies globally are prioritizing the enhancement of water quality standards. This regulatory focus is further accelerating the growth of the water and wastewater treatment equipment market, as stricter standards necessitate the adoption of more effective treatment solutions.