The global demand for water treatment system market was valued at US$ 66,094 Million in 2022, with a CAGR of 6.8% expected to reach US$ 111,922 Million by the end of their projection period.
As the global population is predicted to exceed 111.9 billion US dollars by 2031, it has become increasingly vital to produce more with fewer resources. As the water treatment market continues to be squeezed, particularly as a result of the effects of severe climate change, governments around the world are focused on strengthening the resilience and sustainability of water treatment facilities.
Technology and innovation are becoming increasingly important in areas such as safety and scarcity, utility operations, water efficiency, monitoring and treatment, and data analytics. Businesses and utilities are increasingly interested in testing and implementing future-proof technology, according to market participants.
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For instance, remote sensing of water that helps with non-revenue water remediation, and water accounting, Internet of Things (IoT) that enables water quality control, and smart irrigation. Coupled with new computing capacity, IoT enables market players to devise complex models for water management.
Key Takeaways of Water Treatment System Market Study
- Worldwide adoption of water treatment systems to surge at 6.7% CAGR over 2022-2031
- Preliminary treatment systems to procure leading revenue share, tantamount to 40%
- Application in process water/water treatment to remain prominent through 2031
- Industrial sector to attract substantial investments from stakeholders
- East Asia to emerge as epicenter of value-capture opportunities in coming years
COVID-19 Impact on Water Treatment System Market
While frequent hand washing and sanitization has been broadly considered as among the most efficient ways to avoid contagion of COVID-19, the UNICEF/WHO has estimated that 3 billion individuals globally lack the facilities to follow such norms. With the COVID-19 pandemic underlining the connection between clean water and public health, the bar for “clean” has been lifted.
Water treatment systems have been considered reliable and essential aspect of societies and a key contribution to public health during the global pandemic. Utilities’ initial response to the pandemic by optimizing disinfection doses has been the key step in protection and avoidance of both utility workers and the receiving water ecosystem and minimizes the potential contagion of the coronavirus.
Several companies are stepping up existing water treatment facilities in hard-hit areas that possibly contract COVID-19 infection from places including, community clinics, hospitals, and nursing homes.
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“Preserving and reusing wastewater has not been among key priorities for businesses, or individuals. That being said, rising ecological consciousness and increasing regulatory pressure to lower the consumption of natural resources are influencing several industrial businesses to look for innovative ways to use – and reuse – water,” says analyst at FMI.
Water Treatment System Market – Competitive Intelligence
The global water treatment system market is substantially consolidated, with leading players capturing bigger slice of overall market revenue. Manufacturers are highly focused on devising innovative business models to strengthen their market position. They are investing significantly in R&D activities and innovative designs with better capacities. For instance,
- Arvind Ltd. has rolled out water elements and O & M services, Kaigo, wherein components and spare verticals incorporate technologies and products used in development and maintenance of effective wastewater treatment systems
- Aquatella has developed 4-stage countertop water filter that wards off almost 99% of all heavy metals, toxic pathogens, chemicals, and pesticides from potable water
- Pentair plc has taken over US-based water treatment equipment firms – Pelican Water Systems and Aquion – in September 2022
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Water Treatment System Market by Category
By System Type, the Water Treatment System Market is segmented as:
- Water Treatment
- Membrane Bio- Reactor (MBR)
- Reverse Osmosis (RO)
- Micro- Filtration (MF)
- Nano/Ultra Filtration (NF/UF)
- Disinfectants (UV, Ozone)
- Sludge Treatment
- Activated Sludge
- Sludge Thickening & Dewatering
- Sludge Drying
By Application, the Water Treatment System Market is segmented as:
- Process Water/Water Treatment
- Waste Water Treatment
- Zero Liquid Discharge
- Desalination
By End Use, the Water Treatment System Market is segmented as:
- Residential Buildings
- Commercial Buildings
- Municipality
- Industrial
- Chemical & Petrochemicals
- Oil & Gas
- Mining & metals
- Food & Beverage
- Pharmaceuticals
- Semiconductors
- Thermoelectric Power Plants
- Pulp & Paper
- Sugar Mills
- Textiles
- Leather
By Region, the Water Treatment System Market is segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East
- Africa
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