PUBLISHER: The Insight Partners | PRODUCT CODE: 1637643
PUBLISHER: The Insight Partners | PRODUCT CODE: 1637643
The Asia Pacific water treatment system market was valued at US$ 18,911.67 million in 2023 and is expected to reach US$ 31,996.82 million by 2031; it is estimated to register a CAGR of 6.8% from 2023 to 2031.
Development of Smart Cities in Emerging Countries Boosts Asia Pacific Water Treatment System Market
Adequate water supply, proper sanitation, including wastewater management, and assured clean drinking water availability are a few of the requirements of a smart city. Developing new infrastructures such as universities, schools, housing, and IT data centers requires a high level of water and wastewater treatment facilities. For instance, in 2023, Kerala Water Authority and the city corporation initiated a project on utilizing Japanese decentralized wastewater treatment plants known as "Johkasou" in the city. Thus, the development of smart cities is anticipated to bring new trends in the water treatment systems market.
Asia Pacific Water Treatment System Market Overview
China, India, Australia, Japan, and South Korea are among the key countries in the Asia Pacific water treatment systems market. High population growth in China and India, rapid industrialization, rise in awareness regarding water pollution, and government financing are contributing to the growth of the water treatment systems market in Asia Pacific. As per the Asian Water Development Outlook 2020 report by the Asian Development Bank (ADB), ~1.5 billion people in rural areas and ~0.6 billion people in urban areas lacked access to sufficient water supply and hygiene. Additionally, the majority of the ADB members are confronting key water quality concerns. Several governments in Asia Pacific are taking initiatives to develop standards and techniques for deploying water treatment systems. Rapid urbanization and demand for clean water from water-driven industries are among the prime factors propelling the growth of the water treatment systems market in emerging economies in Asia Pacific. In March 2024, Brihanmumbai Municipal Corporation awarded a contract to Welspun Enterprises in Mumbai, India, to develop and operate a water treatment plant with the capacity to process 2,000 million liters daily. Thus, rising infrastructure development and increasing government focus on upgrading the aging water treatment facilities and building new ones are anticipated to propel the growth of the water treatment systems market in Asia Pacific.
Asia Pacific Water Treatment System Market Revenue and Forecast to 2031 (US$ Million)
Asia Pacific Water Treatment System Market Segmentation
The Asia Pacific water treatment system market is categorized into filtration process, type, application, end user, and country.
Based on filtration process, the Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific water treatment system market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific water treatment system market share in 2023.
3M Co, Aqua Filsep Inc., Aquatech International LLC., Culligan International Co, DuPont de Nemours Inc, Filtra-Systems Company LLC, Hitachi Zosen Corporation, Pall Corp, Pentair Plc, Rite Water Solutions (India) Pvt. Ltd., Thermax Limited, Thermo Fisher Scientific Inc, Veolia Environnement SA, and Xylem Inc are some of the leading companies operating in the Asia Pacific water treatment system market.
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