USD 39.40 billion
Report ID: SQMIG55D2017 | Region: Global | Published Date: June, 2023 | Pages: 157 | Tables: 92 | Figures: 76
Water Treatment Systems Market size was valued at around USD 39.40 billion in 2021 and is expected to rise from USD 42.87 billion in 2022 to reach a value of USD 77.95 Billion by 2030, at a CAGR of 8.8% during the forecast period (2022–2030).
The rise in demand for products free of viruses and a growing need to reduce contamination drove the rise of this industry globally. The industry is anticipated to increase as a result of factors including increasing water shortages, declining groundwater levels, interruptions in the global supply chain, and various government efforts. Due to the global water supply network interruptions caused by the COVID-19 epidemic, the sector was only moderately affected.
The need for water treatment systems expanded significantly as a result of the water crisis, increased water pollution, and mortality from water-borne illnesses. The main elements projected to contribute to the increase in residential construction are expected to be a growing population, robust economic growth, increased household formations, and cheap borrowing rates. The Environment Protection Agency (EPA) has established criteria for the quality of the drinking water supply through the Safe Drinking Water Act of 1974, and together with its partners, the agency runs a wide range of financial and technical programmers to protect drinking water quality.
The Clean Water Act lays forth the essential guidelines for limiting the discharge of contaminants into waters and enforcing requirements for the cleanliness of surface water. As a result, the U.S. market for water treatment systems will be driven by the increasing emphasis on water quality. Water treatment systems are being used more frequently as a result of rising contamination levels, which is helping the country's industrial growth. To guarantee clean drinking water through public water systems, the EPA is still enforcing administrative orders.
Additionally, the Drinking Water & Wastewater Infrastructure Act of 2021, which will be funded with USD 35 billion, is expected to be announced by the US government in May 2021, opening up new opportunities for this sector.The American government is working on a number of projects to upgrade the nation's infrastructure. For instance, the U.S. Department of Transportation stated in June 2021 that it will invest USD 905.3 million through the discretionary grant programmed Infrastructure for Rebuilding America (INFRA) in infrastructure development projects around the nation. The need for water treatment systems is therefore anticipated to be driven by expanding commercial projects in the nation.
US Water Treatment Systems Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 39.40 billion
Largest Segment
Reverse Osmosis Systems
Fastest Growth
Reverse Osmosis Systems
Growth Rate
8.8% CAGR
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The global water treatment systems market is segmented based on installation, technology, and region. In terms of installation, the market is segmented into point of use (PoU) and point of entry (PoE). Based on technology, the market is segmented into distillation systems, reverse osmosis systems, disinfection methods, filtration methods, water softeners, others. In terms of end-use, the market is segmented into residential, commercial, and industrial. Based on region, the global water treatment systems market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Water Treatment Systems Market Analysis by Technology
In 2022, the technology segment for reverse osmosis systems held the biggest market share, contributing more than 30.50% of the total revenue. Water can be cleaned using reverse osmosis to get rid of a variety of dissolved or suspended bacterial and amoebic contaminants. In reverse osmosis systems, sediment and carbon are two types of filtering techniques. Carbon filters in the RO system get rid of chlorine, unpleasant tastes, and odors, while sediment filters get rid of silt and debris. Additionally contributing significantly to sales share in 2022 was the category for distillation systems. Because distillation units only produce a limited volume of treated water, they are put as point-of-use devices at the tap rather than being used to treat all the water entering the house.
Point-of-use distillation systems eliminate some organic impurities, clean water, and reduce the number of harmful metals. Systems for disinfection use a variety of chemicals, including chlorine dioxide, chlorination, ozone, UV light, and chloramines. To kill bacteria, viruses, algae, and molds, UV water disinfection technology emits ultraviolet light with a wavelength of 253.7 nanometers. Through the use of this technology, microorganisms lose their ability to reproduce or die. By pushing the liquid to pass through a filter's or membrane's pores, or both, suspended solids are removed from the liquid through the process of filtration. The filtration process is impacted by both the size and quantity of the pollutants. Manufacturers of filtration techniques include 3M, Calgon Carbon Corp., Panasonic, and DuPont.
Water Treatment Systems Market Analysis by End-use
The residential end-use segment is anticipated to increase at a faster rate than an estimated 9.00% during the forecasted period. The desire for high-quality drinking water and growing worries about emerging pollutants are expected to be the main factors driving product demand in the residential market. The demand for drinking water that has been treated to remove pathogenic germs, biodegradable organics, disagreeable taste, odor, and discoloration is also expected to cause it to grow quickly. In the market for water treatment systems, residential applications make up a sizable consumer segment.
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In 2022, Asia Pacific held the largest market share, accounting for more than 36.00% of worldwide revenue. The rising water pollution in the area is to blame for the growth. Additionally, it is projected that the region's limited access to a supply of clean drinking water will encourage the usage of water treatment technologies over the course of the projection period. Major industry players with powerful distribution networks, like 3M, Honeywell International Inc., DuPont, and Panasonic, are present in the North American region. Over the course of the predicted period, market expansion is estimated to be fueled by rising consumer spending power and a growing regional focus on water treatment.
It is anticipated that the construction industry in Europe would rise as a result of the rising demand for housing in urban areas, increased infrastructure development activities, and the quick upgrading and repair of buildings to increase their energy efficiency. The construction of commercial infrastructure, including hotels, offices, restaurants, and recreational facilities, is growing as a result of the area's strong economic expansion. Over the predicted period, the Middle East & Africa is expected to develop steadily. The tourist and hotel industries have experienced tremendous expansion in this region. As a result, it is anticipated that investments in hotels, malls, and restaurants will expand. This will further be anticipated to fuel the regional market for water treatment systems.
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Water Treatment Systems Market Drivers
Increasing Demand for Clean Water
Water Treatment Systems Market Restraints
Lack of Awareness
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The global water treatment systems market is highly competitive in nature, with a large number of players operating in the market. The market is characterized by intense competition, high entry barriers, and the need for continuous innovation and technology development. These companies are focusing on product development, expansion, and mergers and acquisitions to strengthen their market position. They are also investing in research and development to introduce new technologies and products to meet the evolving needs of customers.
Water Treatment Systems Market Top Player’s Company Profiles
Water Treatment Systems Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global water treatment systems market analysis, we found that the Water Treatment Systems market is Rising demand for products free of viruses and a growing need to reduce contamination drove the rise of this industry globally. The industry is anticipated to increase as a result of factors including increasing water shortages, declining groundwater levels, interruptions in the global supply chain, and various government efforts.
Report Metric | Details |
---|---|
Market size value in 2021 | USD 39.40 billion |
Market size value in 2030 | USD 77.95 Billion |
Growth Rate | 8.8% |
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 Treatment Systems 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 Treatment Systems 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 Treatment Systems Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Water Treatment Systems Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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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: SQMIG55D2017