Anticipated Surge: Global Water Treatment System Market Poised to Attain US$ 111,922 Mn by 2030 with 6.8% CAGR

In 2022, the demand for the global water treatment system market reached a valuation of US$ 66,094 million, and it is set to undergo robust growth with a Compound Annual Growth Rate (CAGR) of 6.8%. By the conclusion of the forecast period, the market is projected to achieve a significant valuation of US$ 111,922 million.

During the period from 2015 to 2021, the water treatment system market witnessed historical growth at a CAGR of 5.5%. This growth can be attributed to the increasing acknowledgment of the significance of clean water across diverse industrial and household applications, which in turn, has been propelling the worldwide adoption of water treatment systems.

Paramount Role of Innovation and Technology in the Water Treatment System Market

In various facets of the water industry, such as safety, scarcity management, utility operations, water efficiency, monitoring, treatment, and data analytics, the significance of technology and innovation is undeniable. Market participants are witnessing a heightened interest from businesses and utilities in adopting and testing future-proof technologies.

For instance, remote water sensing addresses non-revenue water issues and water accounting, while the Internet of Things (IoT) aids in water quality control and smart irrigation. Coupled with enhanced computing capabilities, IoT enables the development of intricate water management models.

Key Insights from Water Treatment System Market Analysis

The global adoption of water treatment systems is projected to grow at a 6.8% CAGR from 2022 to 2030.

Preliminary treatment systems are anticipated to dominate revenue, accounting for 40% of the share.

Process water and water treatment applications are expected to maintain their prominence throughout 2030.

Stakeholders are expected to make significant investments in the industrial sector.

East Asia is poised to become a focal point for value-capture opportunities in the years ahead.

COVID-19 Impact on the Water Treatment System Market

Amidst the COVID-19 pandemic, the significance of frequent handwashing and sanitation has been underscored as crucial measures for preventing contagion. However, a significant portion of the global population lacks access to such facilities. This has highlighted the vital link between clean water and public health, raising the bar for hygiene standards.

Water treatment systems have emerged as essential components of societies, playing a pivotal role in safeguarding public health during the pandemic. Utilities’ initial responses, involving optimized disinfection measures, have been crucial in protecting workers, ecosystems, and curbing potential virus transmission.

In response to these challenges, companies are enhancing existing water treatment facilities in heavily impacted areas, aiming to prevent potential COVID-19 outbreaks in critical locations like community clinics, hospitals, and nursing homes.

Water Treatment System Market – Competitive Landscape

The global water treatment system market demonstrates a notable level of consolidation, with key players commanding a substantial market share. Manufacturers are strategically focusing on innovative business models to strengthen their presence. Notable investments are being channeled into research and development (R&D) initiatives to introduce advanced designs. For instance:

• Arvind Ltd. has launched the Kaigo initiative, providing water elements and operations & maintenance (O&M) services for efficient wastewater treatment systems.
• Aquatella has introduced a 4-stage countertop water filter capable of eliminating contaminants from drinking water.
• Pentair plc has expanded its portfolio through the acquisition of water treatment equipment firms, Pelican Water Systems and Aquion, in September 2022.