Global Water and Wastewater Treatment Market

Water and Wastewater Treatment Market Size, Share, Growth Analysis, By Type(Chemicals, equipment and services), By Application(Municipal, Industrial (Construction Industrial Manufacturing, Food Industries, Paper and pulp), By Region - Industry Forecast 2024-2031


Report ID: SQMIG55D2008 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 64 |Figures: 75

Water and Wastewater Treatment Market Insights

Global Water and Wastewater Treatment Market size was valued at around USD 303.45 billion in 2022 and is expected to rise from USD 326.31 billion in 2023 to reach a value of USD 573.29 Billion by 2031, at a CAGR of 7.68% over the forecast period (2024–2031).

Global water and wastewater treatment market has experienced significant growth and transformation in recent years. This market encompasses a wide range of technologies and solutions aimed at purifying and treating water for various applications, including municipal, industrial, and commercial sectors. Rising population, rapid urbanization, and industrialization have increased the demand for clean water and efficient wastewater management across the globe, driving the growth of this market. Stringent government regulations and environmental concerns have further propelled the adoption of water and wastewater treatment solutions. The market is characterized by a diverse array of technologies, including physical, chemical, and biological treatment processes, as well as membrane filtration, disinfection, and desalination techniques. Additionally, the emergence of advanced technologies such as smart water management systems, remote monitoring, and digitalization has revolutionized the industry, offering enhanced efficiency, cost-effectiveness, and real-time data analysis. The market is witnessing significant investments in research and development activities to develop innovative and sustainable solutions, including water reuse and resource recovery systems. The market is also witnessing a shift towards decentralized water and wastewater treatment systems, which offer localized solutions and reduce dependence on centralized infrastructure. Furthermore, the growing adoption of smart meters, IoT integration, and data analytics in water management systems is enabling improved monitoring, efficiency, and predictive maintenance, contributing to the overall growth and advancement of the global water and wastewater treatment market. Moreover, increasing focus on sustainable development, water scarcity issues, and the need for water conservation are expected to drive the market growth in the coming years. Overall, the global market is poised for continuous expansion as the world grapples with the challenges of water scarcity, pollution, and the need for efficient resource management.

US Water and Wastewater Treatment Market is poised to grow at a sustainable CAGR for the next forecast year

Market snapshot - 2024–2031

Global Market Size

USD 303.45 billion

Largest Segment

Equipment

Fastest Growth

Equipment

Growth Rate

7.68% CAGR

Global Water and Wastewater Treatment Market ($ Bn)
Country Share for North America Region (%)
Global Water and Wastewater Treatment Market By Type ($ Bn)
Global Water and Wastewater Treatment Market By Type (%)

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Water and Wastewater Treatment Market Segmental Analysis

The Global Water and Wastewater Treatment Market is segmented by type, application, and region. Based on type, the market can be segmented into Chemicals, equipment and services. Based on application, the market is segmented into Municipal and industrial, Additionally, Industrial Segment is further sub-segmented into Construction, Industrial Manufacturing, Food Industries, Paper and pulp, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Analysis by Type

The dominant segment in the global water and wastewater treatment market is equipment. The demand for various equipment such as pumps, filters, membranes, and disinfection systems remains high due to their crucial role in water and wastewater treatment processes. These equipment are essential for the efficient removal of contaminants and ensuring the quality of treated water. The equipment segment is driven by factors such as technological advancements, increasing infrastructure development, and the need for upgraded and efficient treatment systems across industries and municipalities.

On the other hand, the fastest-growing segment in the market is services. The services segment includes consulting, design, engineering, maintenance, and operational services provided by specialized companies in the water and wastewater treatment sector. The rapid growth of the services segment is attributed to the increasing focus on outsourcing these activities to experts, who can provide customized solutions, optimize system performance, and ensure compliance with regulatory standards. Additionally, the demand for services is driven by the need for cost-effective and sustainable solutions, along with the rising complexity of water treatment processes and the requirement for skilled personnel to operate and maintain treatment facilities.

Analysis by Application

The dominant segment in the global water and wastewater treatment market is the municipal sector. Municipalities and local governments are responsible for providing safe drinking water to their residents and managing wastewater treatment for urban areas. The increasing population, urbanization, and regulatory requirements for water quality and sanitation drive the demand for water and wastewater treatment solutions in the municipal sector.

On the other hand, the fastest-growing segment in the market is the industrial sector. Industries across various sectors, including manufacturing, chemicals, oil and gas, and mining, are realizing the importance of sustainable water management practices and complying with environmental regulations. The industrial sector's rapid growth is attributed to the increasing focus on water conservation, resource recovery, and the adoption of advanced treatment technologies to minimize the environmental impact of industrial processes.

Global Water and Wastewater Treatment Market By Type, 2022 (%)

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Water and Wastewater Treatment Market Regional Insights

North America dominated the global water and wastewater treatment market. The region boasts advanced infrastructure, stringent environmental regulations, and a high level of awareness regarding water quality and conservation. The demand for water and wastewater treatment solutions in North America is driven by factors such as the need to upgrade aging water infrastructure, address water scarcity issues, and ensure compliance with regulatory standards. Additionally, the presence of well-established market players, technological advancements, and significant investments in research and development contribute to the dominance of North America in the market.

On the other hand, the fastest-growing segment in the market is the Asia Pacific region. Rapid urbanization, industrialization, and population growth in countries like China, India, and Southeast Asian nations have created substantial demand for water and wastewater treatment solutions. The region is witnessing significant investments in infrastructure development, government initiatives towards water conservation and environmental protection, and increasing awareness about the importance of sustainable water management practices. The rising industrial activities, coupled with the need to meet stringent regulations and improve water quality, are driving the growth of the water and wastewater treatment market in the Asia Pacific region.

Global Water and Wastewater Treatment Market By Geography, 2024–2031
  • Largest
  • Fastest

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Water and Wastewater Treatment Market Dynamics

Drivers

Increasing water scarcity and the growing need for sustainable water management practices

  • One key driver for the Global Water and Wastewater Treatment Market is the increasing water scarcity and the growing need for sustainable water management practices. As the world faces water scarcity challenges due to factors such as population growth, urbanization, and climate change, there is a heightened demand for efficient water treatment and conservation solutions.

Restraints

High initial capital investment required for implementing water and wastewater treatment systems

  • A notable restraint for the Global Water and Wastewater Treatment Market is the high initial capital investment required for implementing water and wastewater treatment systems. The installation and operation of treatment plants, procurement of equipment, and adherence to regulatory standards often involve significant upfront costs, which can be a barrier for small-scale businesses and regions with limited financial resources. Access to funding and financial support for implementing water treatment solutions remains a challenge in some parts of the world.

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Water and Wastewater Treatment Market Competitive Landscape

The competitive landscape of the global water and wastewater treatment market is characterized by intense competition among a diverse range of players, including technology providers, equipment manufacturers, engineering firms, and service providers. These players strive to offer innovative and sustainable solutions to cater to the evolving needs of the market. The market is witnessing significant investments in research and development activities to develop advanced treatment technologies, improve efficiency, and enhance the overall performance of water and wastewater treatment systems. Strategic collaborations, partnerships, and mergers and acquisitions are common strategies employed by companies to expand their geographical presence, strengthen their product portfolios, and gain a competitive edge. Additionally, players in the market are increasingly focusing on offering value-added services such as consulting, design, and maintenance to differentiate themselves and provide comprehensive solutions to customers.

Top Player’s Company Profiles

  • SUEZ Worldwide (France)
  • DuPont (US)
  • 3M (US)
  • Xylem (US)
  • Kemira (Finland)
  • Evoqua Water Technologies LLC (US)
  • Pentair PLC (UK)
  • Ecolab (US)
  • American Water (US)
  • Acciona (Spain)
  • Hydro International (UK)
  • Aquatech International LLC (US)
  • Trojan Technologies (Canada)
  • BioMicrobics Inc. (US)
  • Kurita Water Industries Ltd. (Japan)
  • ASIO (Czech Republic)
  • Suez Environnement (France)
  • A.O. Smith Corporation (US)
  • Danaher Corporation (US)

Recent Developments

  • In February 2024, Veolia Water Technologies' launch of Polaris™ 2.0 signifies a breakthrough in water distillation and steam generation for the pharmaceutical sector. This range, compliant with global standards, offers various capacities, ensuring suitability for diverse needs. Veolia's emphasis on sustainability is evident through features aimed at minimizing environmental impact and reducing utility consumption, reflecting a commitment to quality and efficiency in pharmaceutical manufacturing.
  • In February 2024, Veolia Water Technologies' introduction of CaptuRO™ marks a significant advancement in water purification technology, offering high water recovery rates of up to 98 percent. The system addresses water scarcity challenges across industries, with applications in food, chemical, and healthcare sectors. Collaboration with Limelco in Belgium exemplifies CaptuRO's practicality, enhancing water recovery in wastewater treatment plants and emphasizing its potential to revolutionize water management practices globally.
  • In December 2023, SICASIL appointing SUEZ to produce and distribute drinking water for eight towns in the Cannes Lérins region signifies a significant advancement in water resource management. This partnership dedicates itself to ensuring exceptional water quality for consumers by employing pioneering methods such as introducing a groundbreaking water quality label. SUEZ's proactive measures, including the implementation of smart meters and nanofiltration membranes, demonstrate a commitment to sustainability, operational efficiency, and addressing consumer demands, thereby establishing innovative benchmarks within the industry.

Water and Wastewater Treatment Key Market Trends

  • One key market trend in the global water and wastewater treatment market is the increasing adoption of advanced digital technologies and smart water management systems. This trend involves the integration of IoT (Internet of Things), data analytics, and automation in water treatment processes and infrastructure. The use of sensors, real-time monitoring systems, and remote control capabilities allows for improved operational efficiency, proactive maintenance, and optimized resource allocation. Smart water management systems provide valuable insights, enable predictive analysis, and help in making informed decisions for efficient water management, conservation, and cost reduction. This trend is driven by the need for enhanced operational control, resource optimization, and sustainability in water and wastewater treatment processes.

Water and Wastewater Treatment Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global water and wastewater treatment market analysis, the market is witnessing significant growth and transformation driven by factors such as increasing population, rapid urbanization, and industrialization. The market encompasses a wide range of technologies and solutions aimed at purifying and treating water for various applications. Key trends in the market include the adoption of advanced digital technologies and smart water management systems, which enable improved operational efficiency and resource optimization. The market is dominated by the municipal sector, driven by the need for safe drinking water and effective wastewater management in urban areas. The industrial sector is the fastest-growing segment, fueled by the demand for sustainable water management practices and compliance with environmental regulations. The market is highly competitive, with key players focusing on research and development, strategic collaborations, and value-added services to gain a competitive edge. Challenges such as high initial capital investment pose restraints to market growth. However, increasing water scarcity concerns and the need for sustainable solutions drive the overall expansion of the global market.

Report Metric Details
Market size value in 2022 USD 303.45 billion
Market size value in 2031 USD 573.29 Billion
Growth Rate 7.68%
Base year 2023
Forecast period 2024–2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Chemicals, equipment and services
  • Application
    • Municipal, Industrial (Construction Industrial Manufacturing, Food Industries, Paper and pulp, Others)
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
  • SUEZ Worldwide (France)
  • DuPont (US)
  • 3M (US)
  • Xylem (US)
  • Kemira (Finland)
  • Evoqua Water Technologies LLC (US)
  • Pentair PLC (UK)
  • Ecolab (US)
  • American Water (US)
  • Acciona (Spain)
  • Hydro International (UK)
  • Aquatech International LLC (US)
  • Trojan Technologies (Canada)
  • BioMicrobics Inc. (US)
  • Kurita Water Industries Ltd. (Japan)
  • ASIO (Czech Republic)
  • Suez Environnement (France)
  • A.O. Smith Corporation (US)
  • Danaher Corporation (US)
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Water and Wastewater Treatment Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Water and Wastewater Treatment Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Water and Wastewater Treatment 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 Water and Wastewater Treatment 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.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Water and Wastewater Treatment Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Water and Wastewater Treatment 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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FAQs

Water and Wastewater Treatment Market size was valued at around USD 303.45 billion in 2022 and is expected to rise from USD 326.31 billion in 2023 to reach a value of USD 573.29 Billion by 2031, at a CAGR of 7.68% over the forecast period (2024–2031).

The competitive landscape of the water and wastewater treatment market is characterized by intense competition among a diverse range of players, including technology providers, equipment manufacturers, engineering firms, and service providers. These players strive to offer innovative and sustainable solutions to cater to the evolving needs of the market. The market is witnessing significant investments in research and development activities to develop advanced treatment technologies, improve efficiency, and enhance the overall performance of water and wastewater treatment systems. Strategic collaborations, partnerships, and mergers and acquisitions are common strategies employed by companies to expand their geographical presence, strengthen their product portfolios, and gain a competitive edge. Additionally, players in the market are increasingly focusing on offering value-added services such as consulting, design, and maintenance to differentiate themselves and provide comprehensive solutions to customers. 'Veolia (France)', 'SUEZ Worldwide (France)', 'DuPont (US)', '3M (US)', 'Xylem (US)', 'Kemira (Finland)', 'Evoqua Water Technologies LLC (US)', 'Pentair PLC (UK)', 'Ecolab (US)', 'American Water (US)', 'Acciona (Spain)', 'Hydro International (UK)', 'Aquatech International LLC (US)', 'Trojan Technologies (Canada)', 'BioMicrobics Inc. (US)', 'Kurita Water Industries Ltd. (Japan)', 'ASIO (Czech Republic)', 'Suez Environnement (France)', 'A.O. Smith Corporation (US)', 'Danaher Corporation (US)'

One key driver for the Water and Wastewater Treatment Market is the increasing water scarcity and the growing need for sustainable water management practices. As the world faces water scarcity challenges due to factors such as population growth, urbanization, and climate change, there is a heightened demand for efficient water treatment and conservation solutions.

One key market trend in the water and wastewater treatment market is the increasing adoption of advanced digital technologies and smart water management systems. This trend involves the integration of IoT (Internet of Things), data analytics, and automation in water treatment processes and infrastructure. The use of sensors, real-time monitoring systems, and remote control capabilities allows for improved operational efficiency, proactive maintenance, and optimized resource allocation. Smart water management systems provide valuable insights, enable predictive analysis, and help in making informed decisions for efficient water management, conservation, and cost reduction. This trend is driven by the need for enhanced operational control, resource optimization, and sustainability in water and wastewater treatment processes.

North America dominated the water and wastewater treatment market. The region boasts advanced infrastructure, stringent environmental regulations, and a high level of awareness regarding water quality and conservation. The demand for water and wastewater treatment solutions in North America is driven by factors such as the need to upgrade aging water infrastructure, address water scarcity issues, and ensure compliance with regulatory standards. Additionally, the presence of well-established market players, technological advancements, and significant investments in research and development contribute to the dominance of North America in the market.

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