Water and Wastewater Treatment Equipment Market Estimated to Reach $87.7 billion by 2029 Globally, at a CAGR of 5.0%, says MarketsandMarkets™
Thursday, 10 October 2024
Delray Beach, FL, Oct. 09, 2024 (GLOBE NEWSWIRE) -- The *Water and Wastewater Treatment Equipment Market* *is projected to grow from USD 68.7 billion in 2024 to USD 87.7 billion by 2029, at a CAGR of 5.0% during the forecast period,* as per the recent study by MarketsandMarkets*.* Several key drivers are propelling the growth of the water and wastewater treatment equipment market. Firstly, increasing global water scarcity and pollution levels due to industrial activities, urbanization, and population growth are driving the demand for effective water treatment solutions. Secondly, stringent regulatory standards and environmental policies mandating the treatment of wastewater before discharge into water bodies are driving investments in advanced treatment equipment. Additionally, growing awareness among industries, municipalities, and communities about the importance of water conservation, sustainable water management practices, and the potential risks of waterborne diseases is fueling market growth. Moreover, technological advancements, such as membrane filtration, UV disinfection, and advanced oxidation processes, are improving treatment efficiency, reducing operating costs, and expanding the application scope of water and wastewater treatment equipment across various sectors. These drivers collectively contribute to the market's expansion and the adoption of innovative solutions to address water-related challenges globally.
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*Browse in-depth TOC on “Water and Wastewater Treatment Equipment **Market”*
*250 - Market Data Tables
49 – Figures
266 - Pages*
*List of Key Players in Water and Wastewater Treatment Equipment **Market**:*
1. Veolia (France)
2. Xylem (US)
3. Ecolab (US)
4. DuPont (US)
5. Pentair (UK)
6. 3M (US)
7. Aquatech International (US)
8. Thermax Limited (India)
9. Culligan Water (US)
10. Calgon Carbon Corporation (US), etc.
*Drivers, Restraints, Opportunities and Challenges in Water and Wastewater Treatment Equipment **Market:*
1. *Driver: *Lack of freshwater and water scarcity concerns driving the adoption of sustainable water management practices
2. *Restraint*: Stringent regulation in wastewater industry
3. *Opportunity: *Smart water management and data analysis & Focus on Reuse and Recycling
4. *Challenge: *High installation, equipment & operational costs
*Key Findings of the Study:*
1. *Tertiary is the largest sub-segment amongst the process segment in the water & wastewater treatment equipment market in 2024, in terms of value.*
2. *Filtration accounted for the largest by product type share of the water & wastewater treatment equipment market in 2024, in terms of value.*
3. *Municipal accounted for the largest end-user for the water & wastewater treatment equipment market, in terms of value in 2024*
4. *Asia pacific is the largest market for water & wastewater treatment equipment Market in 2024, in terms of value.*
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*Based on product type,* the water and wastewater treatment equipment market has been segmented into filtration, disinfection, desalination, sludge treatment, biological, testing and others. Filtration accounted for the largest share, in terms of value, of the global market in 2024.
The filtration segment is the largest in the water and wastewater treatment equipment market due to several key factors. Firstly, filtration is a fundamental and essential step in water treatment processes, regardless of the source or type of water being treated. Filtration systems effectively remove suspended solids, contaminants, and impurities, improving water quality and making it suitable for various applications such as drinking water supply, industrial processes, and agricultural use. Secondly, with increasing concerns about water pollution and the need for clean water globally, there is a growing demand for reliable and efficient filtration solutions. This demand is particularly pronounced in rapidly developing regions where water quality issues are more prevalent. Additionally, advancements in filtration technologies, such as membrane filtration and ultrafiltration, have enhanced the effectiveness and versatility of filtration systems, further driving market growth. Furthermore, stringent regulatory standards and environmental regulations mandating the use of effective filtration systems in wastewater treatment plants and industrial facilities contribute to the segment's dominance. Overall, the filtration segment's size and growth in the water and wastewater treatment equipment market are a result of its critical role, technological advancements, increasing water quality concerns, and regulatory requirements.
*Based on process, *the water and wastewater treatment equipment market has been segmented into primary, secondary and tertiary. Tertiary process accounted for the largest share, in terms of value, of the global market in 2024.
The tertiary process segment is the largest in the water and wastewater treatment equipment market for several compelling reasons. Firstly, the tertiary treatment process plays a crucial role in achieving the highest level of water quality standards, especially for wastewater treatment plants aiming to meet strict regulatory requirements. This process involves advanced treatment methods such as filtration, disinfection, and nutrient removal, which are essential for removing remaining contaminants and pathogens from treated water before its release into the environment or reuse in various applications. Secondly, as global water scarcity and pollution concerns intensify, there is a growing emphasis on recycling and reusing wastewater, driving the demand for sophisticated tertiary treatment equipment and technologies. These systems ensure that treated wastewater meets quality standards for safe reuse in irrigation, industrial processes, and even potable water applications in some cases. Additionally, technological advancements in tertiary treatment processes, such as the use of membrane filtration, UV disinfection, and advanced oxidation, have improved treatment efficiency, reduced operating costs, and expanded the applicability of tertiary treatment solutions across different industries and municipalities. Moreover, increasing awareness about the environmental impact of untreated or poorly treated wastewater further fuels the adoption of robust tertiary treatment equipment, making it the largest segment in the water and wastewater treatment market.
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*Based on end-user*, the water and wastewater treatment equipment market has been segmented into municipal and industrial. Municipal segment accounted for the largest share, in terms of value, of the global market in 2024.
The municipal segment is the largest in the water and wastewater treatment equipment market due to several critical factors. Firstly, municipalities are responsible for providing safe and clean drinking water to their residents and managing wastewater from households, commercial establishments, and public facilities. This creates a substantial and continuous demand for water and wastewater treatment equipment and solutions. Secondly, rapid urbanization and population growth in urban areas have led to increased pressure on municipal water infrastructure, necessitating upgrades and expansions of treatment facilities and processes. Moreover, stringent regulatory standards and guidelines for water quality and environmental protection mandate municipalities to invest in advanced treatment technologies and equipment to ensure compliance and safeguard public health. Additionally, government initiatives and funding programs aimed at improving water infrastructure, particularly in developing regions, drive investments in municipal water and wastewater treatment projects. Furthermore, rising awareness among communities about the importance of clean water and sustainable water management practices encourages municipalities to adopt innovative and efficient treatment solutions. Overall, these factors contribute to the dominance of the municipal segment in the water and wastewater treatment equipment market globally.
Asia Pacific is the largest region for the water and wastewater treatment equipment market due to several key factors. Firstly, rapid industrialization and urbanization in countries like China, India, and Southeast Asian nations have led to increased water pollution and scarcity, driving the demand for advanced treatment solutions. The region's expanding population and economic growth have further intensified the need for clean water for domestic, industrial, and agricultural purposes. Secondly, stringent environmental regulations and policies aimed at mitigating water pollution and improving water quality have compelled industries and municipalities to invest in modern water and wastewater treatment infrastructure. Additionally, government initiatives and investments in water conservation, reuse, and recycling projects contribute to market growth. Furthermore, technological advancements, particularly in membrane filtration, disinfection, and desalination technologies, have enhanced the efficiency and effectiveness of water treatment processes in the region. Moreover, rising awareness about water-related challenges, climate change impacts, and sustainable development practices drive the adoption of innovative water treatment solutions in Asia Pacific. Overall, these factors converge to make Asia Pacific the largest and fastest-growing region in the water and wastewater treatment equipment market.
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