USD 60.72 billion
Report ID: SQMIG55D2016 | Region: Global | Published Date: June, 2023 | Pages: 157 | Tables: 91 | Figures: 76
Water and Wastewater Treatment Equipment Market size was valued at around USD 60.72 billion in 2021 and is expected to rise from USD 63.45 billion in 2022 to reach a value of USD 90.24 Billion by 2030, at a CAGR of 4.5% over the forecast period (2022–2030).
The demand for water for power generation is anticipated to increase, as is the demand for clean water for municipal applications. Water resource management is once again receiving attention as a result of increased sustainability awareness brought on by the COVID-19 epidemic. Additionally, it is anticipated that over the course of the projected period, demand for water and wastewater treatment equipment will increase due to the expanding infrastructure building programmers launched as part of the economic stimulus to recover from the pandemic's downturn.
The adoption of varied disposal techniques and practices is the outcome of growing global awareness of the importance of waste disposal for animal and human health. Waste management companies are required to dispose of or recycle waste on time because there are a lot of dangerous materials in the trash, like metals and salts.
Equipment for water treatment is used in downstream processing in the refining industry to save utility costs and make water available for captive energy production. Furthermore, major oil and gas refining economies are installing more and more water treatment facilities and machinery, mainly in the Middle East and Asia Pacific, which is boosting market growth.
The water and wastewater treatment equipment market is anticipated to grow significantly during the forecast period as a result of the strict rules that certain countries have put in place regarding wastewater emission. Important governmental agencies, like the European Environment Agency (EEA) and the United States Environmental Protection Agency (EPA), are actively working to improve water quality and avoid water pollution.
A number of firms are establishing their manufacturing and distribution facilities all over the world as the water and wastewater treatment equipment sector experiences growth on a worldwide scale. The market is characterized by intense rivalry as a result of numerous new companies entering the market and ongoing investigation of new prospects by the established players to manufacture better and more inventive equipment.
US Water and Wastewater Treatment Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 60.72 billion
Largest Segment
Municipal
Fastest Growth
Municipal
Growth Rate
4.5% CAGR
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The global water and wastewater treatment equipment market is segmented based on equipment, application, process, and region. On the basis of equipment, the market is segmented into membrane separation, biological, disinfection, sludge treatment, and others. Based on application, the market is segmented into municipal, and industrial. With respect to categorization by process, the market is segmented into primary treatment, secondary treatment, and tertiary treatment. Regionwise, the global water and wastewater treatment equipment market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Water and Wastewater Treatment Equipment Market Analysis by Process
In 2022, the segment for tertiary treatment processes dominated the market and accounted for 44.0% of total revenue. The need for tertiary treatment process equipment is anticipated to rise in tandem with rising demands for activated carbon to remove remaining hazardous compounds from wastewater and rising standards for minimizing the global water footprint and maximizing treated water quality yields.
In locations with limited resources, like space or money, businesses are also working to design solutions that will expand the capacity of primary treatment. The usage of primary treatment tools like screens or grit chambers is anticipated to increase in rural regions, particularly in African nations where sewage treatment awareness is starting to rise.
In terms of revenue, it is predicted that the demand for water and wastewater treatment equipment for the secondary treatment process will grow at a CAGR of 4.3% between 2023 and 2030. Technology integration in the form of the creation of novel techniques, such as moving bed biofilm reactors (MBBR), is a significant market driver.
Water and Wastewater Treatment Equipment Market Analysis by Application
In 2022, the municipal application segment's revenue share was over 66.0%, which was the highest. The market is anticipated to increase as a result of infrastructure initiatives launched as part of the stimulus package and the rising need for clean water in Turkey, China, India, Thailand, and Bangladesh.
The demand for water and wastewater treatment equipment in municipal applications is anticipated to increase as a result of ongoing global efforts to raise sanitation standards in developing economies by strengthening the wastewater treatment infrastructure. Governments and municipal organizations are also putting more of an emphasis on technologically improved wastewater treatment systems, which will ultimately drive market growth.
Over the forecast period, it is anticipated that the industrial application segment will expand at a CAGR of 4.8%. A large demand for fresh and processed water is being caused by elements like quick industrialization, technical advancement, and rising chemical and mining production.
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In 2022, Asia Pacific held an approximate 34.7% of the global sales revenue. Due to easy access to raw materials and the high penetration of nitrogenous fertilizer production facilities in Australia, China, and India, the demand for secondary treatment techniques is anticipated to rise significantly over the projection period.
Europe is projected to register the fastest growing rate on account of the increase in need to attempt to enhance water and wastewater services in less developed regions. The European Commission has set up a goal. The Drinking Water Directive, the Water Infrastructure Directive, and the Urban Wastewater Treatment Directive, which form the core of the EU's water policy, are likely to raise domestic demand for wastewater treatment and water treatment technology.
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Water and Wastewater Treatment Equipment Market Drivers
Increasing Demand for Clean Water
Water and Wastewater Treatment Equipment Market Restraints
Lack of Skilled Workforce
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The global water and wastewater treatment equipment market is highly fragmented in nature, with a large number of players operating in the market. The market is characterized by the presence of several established players, as well as many emerging players, which are competing on the basis of product innovation, quality, and price. These companies are involved in various strategies such as mergers and acquisitions, partnerships, collaborations, and new product launches to enhance their market position and expand their customer base. Some of the key strategies adopted by these players include investing in R&D activities, expanding their product portfolio, and expanding their geographical reach through strategic partnerships and collaborations.
Water and Wastewater Treatment Equipment Market Top Player’s Company Profiles
Water and Wastewater Treatment Equipment Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global water and wastewater treatment equipment market analysis, we found that the Water and Wastewater Treatment Equipment market is the market where the demand for water for power generation is anticipated to increase, as is the demand for clean water for municipal applications. The market for water and wastewater treatment equipment is anticipated to grow significantly over the forecast period as a result of the strict rules that certain countries have put in place regarding wastewater emission. Energy efficiency is becoming a key factor in the design and operation of water and wastewater treatment plants. With the increasing cost of energy, there is a growing focus on developing and adopting energy-efficient water treatment solutions. This trend is driving the demand for advanced technologies such as reverse osmosis, which require less energy than traditional treatment methods.
Report Metric | Details |
---|---|
Market size value in 2021 | USD 60.72 billion |
Market size value in 2030 | USD 90.24 Billion |
Growth Rate | 4.5% |
Base year | 2021 |
Forecast period | 2022–2030 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Water and Wastewater Treatment Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Water and Wastewater Treatment Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Water and Wastewater Treatment Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Water and Wastewater Treatment Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Product ID: SQMIG55D2016