PUBLISHER: The Insight Partners | PRODUCT CODE: 1637642
PUBLISHER: The Insight Partners | PRODUCT CODE: 1637642
The North America water treatment system market was valued at US$ 15,740.15 million in 2023 and is expected to reach US$ 24,241.49 million by 2031; it is estimated to register a CAGR of 5.5% from 2023 to 2031.
Increasing Government Regulations on Wastewater Treatment Fuel North America Water Treatment System Market
The volume of wastewater is growing with the increase in population. Households and industries produce the majority of wastewater. Every year, ~380 billion cubic meters of municipal wastewater is produced globally. As a result, the requirement for proper infrastructure development in the wastewater management sector is growing, led by the growing population and rising urbanization. Governments of numerous countries are concentrating on installing proper wastewater treatment facilities to protect the environment from pollution. In 2022, there were more than 16,000 public wastewater management facilities in the US. Over 80% of the US population consumes drinking water from these facilities after proper treatment, and ~75% of the US population has sanitary treatment in these facilities. The growing importance of proper water treatment infrastructure is boosting the demand for water treatment facilities.
Globally, almost 78% of the wastewater stays untreated and is disposed of in groundwater, rivers, or lakes, which causes critical water pollution. Therefore, governments across the globe are strengthening their regulatory policies to enhance the overall water quality, along with encouraging the deployment of water treatment systems in various industries. In the US, the Environmental Protection Agency controls wastewater management, while the National Pollutant Discharge Elimination System gives permits to all wastewater treatment facilities. Furthermore, the Water Pollution Control Act supports agencies to guarantee water obtained for industrial applications is utilized efficiently. Thus, the growing government focus on addressing environmental concerns and increasing sustainability drives the water treatment systems market.
North America Water Treatment System Market Overview
The US, Canada, and Mexico are among the major contributing countries in North America. The growing focus on environmental pollution and sustainability is driving the demand for water treatment facilities in North America. For instance, in July 2023, the US Department of Interior invested ~US$ 152 million as a part of the Bipartisan Infrastructure Law to bring clean and reliable drinking water to communities across the West US. The projects were initiated in California, Colorado, and Washington in an area of 1.7-million-acre feet for the additional water storage capacity. The funding was also made available to advance water storage capacities in that area.
Pentair plc, Xylem Inc, GE Water & Process Technologies, MPW Industrial Services, Suez Environment, Pall, and Veolia Water Technologies are among the key players offering water treatment systems and services in North America. Companies operating in the water treatment systems market are taking strategic initiatives and utilizing technologies for water treatment facilities. For instance, in May 2020, Veolia launched SIRION Pro, which is a skid-mounted reverse osmosis system for high-purity water production. To cite another instance, in 2022, Pentair announced the expansion of its residential water treatment offerings with its Pentair water solutions segment. Thus, such developments and growing investment in water management infrastructure are propelling the growth of the water treatment systems market in North America.
North America Water Treatment System Market Revenue and Forecast to 2031 (US$ Million)
North America Water Treatment System Market Segmentation
The North America water treatment system market is categorized into filtration process, type, application, end user, and country.
Based on filtration process, the North America water treatment system market is segmented distillation, ultra-violet sterilization, reverse osmosis, filtration, ion-exchange, and others. The reverse osmosis segment held the largest market share in 2023.
In terms of type, the North America water treatment system market is categorized into drinking water treatment system, industrial water treatment systems, wastewater treatment systems, portable water treatment systems, and well water treatment systems. The drinking water treatment system segment held the largest market share in 2023.
By application, the North America water treatment system market is segmented into ground water, brackish and sea water desalination, rainwater harvesting, drinking water, and others. The drinking water segment held the largest market share in 2023.
By end user, the North America water treatment system market is segmented into residential, municipal, agriculture, food and beverage, commercial, mining and metal, oil and gas, pharmaceuticals, and others. The municipal segment held the largest market share in 2023.
By country, the North America water treatment system market is segmented into the US, Canada, and Mexico. The US dominated the North America water treatment system market share in 2023.
3M Co; Aquatech International LLC.; Culligan International Co; DuPont de Nemours Inc; Hitachi Zosen Corporation; Filtra-Systems Company LLC; Pall Corp; Pentair Plc; Pure Aqua, Inc.; Thermax Limited; Thermo Fisher Scientific Inc; Veolia Environnement SA; and Xylem Inc are some of the leading companies operating in the North America water treatment system market.