PUBLISHER: The Insight Partners | PRODUCT CODE: 1498535
PUBLISHER: The Insight Partners | PRODUCT CODE: 1498535
According to our latest market study on "Water Treatment System Market Forecast to 2031 -Global Analysis - by Filtration Process, Type, Application and End User," the Water Treatment System market size is expected to grow from US$ 60.17 billion in 2023 to US$ 97.55 billion by 2031. It is expected to fuel at a CAGR of 6.2% from 2023 to 2031.
The growing demand for treated and clean water by the rural population in Asia Pacific is fostering the growth of the water treatment system market. Increase in industrialization, rapid urbanization, and rise in demand for processed water from water-driven industries are among the factors stimulating the demand for water treatment systems in Asia Pacific. Thus, the water treatment market in Asia Pacific is likely to register remarkable growth during the forecast period.
The providers of water treatment systems in the US offer high-end solutions to ensure the accessibility of fresh water for domestic and industrial applications. Companies operating across various countries in North America offer portable water purification systems for sale or rent. Portable water treatment systems can help generate a smooth customer experience, which can turn into purchase orders within a short period. Such provisions are projected to drive the water treatment systems market in North America.
Growing government focus on mitigating environmental pollution and rising concerns for public health protection from waterborne diseases are anticipated to stimulate the growth of the water treatment systems market in Europe. Strict government regulations for water and wastewater treatment facilities and growing financial aid to support infrastructure development are acting as major driving factors for the water treatment systems market in Europe.
The rising development of utility services and infrastructure, such as water and wastewater treatment facilities, propel the development of the water treatment systems market in the Middle East & Africa.
The increasing demand for clean water in South America is attributed to population growth and industrialization, which fuels the need for water treatment facilities in the region. Thus, the increased demand for water treatment plants is simultaneously fueling the application of water treatment systems in the region. Water scarcity, inadequate availability of filtered water, and the necessity of clean water across various end-use industries are catalyzing the growth of the water treatment systems market in South America.
Based on filtration process, the market is Water Treatment System segmented into distillation, ultraviolet sterilization, reverse osmosis, filtration, ion exchange, and others. The reverse osmosis segment held the largest share in the water treatment systems market in 2023.
By type, the global Water Treatment System market is categorized into drinking water treatment systems, industrial water treatment systems, wastewater treatment systems, portable water treatment systems, and well water treatment systems. Drinking water treatment system segment held the largest share in the water treatment systems market in 2023.
The global Water Treatment System market is segmented on the basis of filtration process, type, application, end user and geography. Based on type, the Water Treatment System market is segmented into distillation, ultraviolet sterilization, reverse osmosis, filtration, ion exchange, and others. In terms of type, the Water Treatment System market analysis is segmented into drinking water treatment system, industrial water treatment systems, wastewater treatment systems, portable water treatment systems, well water treatment systems. In terms of geography, the global Water Treatment System market is segmented into five major regions: North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).
Hitachi Zosen Corporation; Pentair PLC; Thermax Limited; Xylem Inc; Veolia Environnement SA; Pall Corp; Culligan International Co; Dupont De Nemours Inc; Thermo Fisher Scientific Inc; 3M Co.; Aqua Filsep Inc; Pure Aqua, Inc.; RITE Water Solutions (India) Pvt. Ltd.; Aquatec International LLC; and Filtra-Systems Company LLC are influencing the Water Treatment System market evolution globally.
The Water Treatment System market forecast has been derived considering both primary and secondary sources Water Treatment System. Thorough secondary research has been conducted using internal and external sources to obtain quantitative and qualitative information related to the Water Treatment System market size. The process also helps obtain an overview and Water Treatment System market forecast with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Water Treatment System market. In addition, several other essential Water Treatment System market players were also analyzed to get a holistic view of the global Water Treatment System market and its network.