Water Treatment Systems Market Size, Share, Growth Analysis, By Technology (Water Softeners, Filtration Methods), By Application (Residential, Non-Residential), By Region - Industry Forecast 2024-2031

Global Water Treatment Systems Market size was valued at USD 42.86 Billion in 2022 and is poised to grow from USD 46.64 Billion in 2023 to USD 91.58 Billion by 2031, growing at a CAGR of 8.80% during the forecast period (2024-2031).

The global surge in demand for contamination-free products and the need to mitigate contamination have significantly boosted the water treatment industry. Factors such as increasing water shortages, declining groundwater levels, disruptions in the global supply chain, and various governmental initiatives are expected to drive the industry's growth. Although the COVID-19 pandemic caused some disruptions in the global water supply network, the overall impact on the industry was moderate. The escalating water crisis, growing water pollution, and related health issues have led to a heightened demand for water treatment systems. The expansion in residential construction, spurred by population growth, economic development, increased household formations, and favorable borrowing rates, is also expected to contribute to the industry's growth. The Environmental Protection Agency (EPA) has established standards for drinking water quality through the Safe Drinking Water Act of 1974 and continues to run various financial and technical programs to ensure water safety. Additionally, the Clean Water Act mandates limits on contaminant discharge and enforces surface water cleanliness, further driving the demand for water treatment systems. The anticipated announcement of the Drinking Water & Wastewater Infrastructure Act of 2021, with a funding allocation of USD 35 billion, along with other infrastructure development projects like the USD 905.3 million investment by the U.S. Department of Transportation, is expected to present new opportunities for the water treatment sector.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Water Treatment Systems 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 Treatment Systems Market Segmental Analysis

The global water treatment systems market is segmented based on installation, technology, application, and region. Based on technology, the market is segmented into reverse osmosis systems, distillation systems, disinfection methods, filtration methods, water softeners, and others. In terms of application, the market is segmented into residential and non-residential. Based on region, the market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Drivers of the Global Water Treatment Systems Market

The rising population, along with rapid urbanization and industrialization, has substantially elevated the demand for water. To address this need, water treatment systems play a crucial role in purifying water by removing impurities, contaminants, and pollutants. This ensures that the water is safe and suitable for consumption.

Restraints in the Global Water Treatment Systems Market

Limited awareness about the critical role and advantages of water treatment systems poses a significant challenge to market growth. Many individuals still perceive tap water as safe for consumption without treatment, which hinders the widespread adoption of these essential systems. This lack of understanding restricts the market potential for water treatment solutions.

Market Trends of the Global Water Treatment Systems Market

As the emphasis on sustainability and environmental conservation intensifies, there is a rising demand for water treatment systems that prioritize energy efficiency, cost-effectiveness, and minimal environmental impact. This shift is propelling the advancement of innovative technologies, including membrane filtration, reverse osmosis, and biological treatment methods.