Allied Market Research recently published a report on the global water treatment equipment market size evaluating its size at $54.3 billion in 2022. The report estimates the industry to reach $93.9 billion by 2032 with a growth at a CAGR of 5.7% from 2023 to 2032.
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Key highlights of the study
The global water treatment equipment market report presents detailed quantitative data, including market values (USD Million) for various segments, pricing analysis, annual growth rates, CAGR (2023-2032), and overall growth trends.
The report’s analysis is organized by type and end-use industry. Additionally, it offers qualitative insights, covering market dynamics such as drivers, restraints, and opportunities, along with Porter’s Five Forces analysis, key regional regulations, and a value chain assessment.
Based on type, filtration systems and media held the highest market share in terms of revenue in 2022, accounting for more than one-fourth of the global market and is projected to maintain its dominant share in terms of revenue in 2032. Filtration systems play a crucial role in removing contaminants and impurities from water, making it safe for consumption or suitable for various applications. However, membranes is projected to grow at the highest CAGR of 6.64% from 2023 to 2032. The increased demand for low-pressure membrane technology is one of the primary factors driving the market growth. ‘The poor fouling resistance of nonporous membranes, on the other hand, is anticipated to stifle the expansion of the market.
Based on end-use industry, municipal water treatment equipment held the highest market share in terms of revenue in 2022, accounting for more than three-fifths of the global market and is projected to maintain its dominant share in terms of revenue in 2032. The primary factor that drives the municipal wastewater treatment equipment market is the growth in commercial as well as residential sector across the globe. However, membranes is projected to grow at the highest CAGR of 5.89% from 2023 to 2032. The market is being driven by increase in industrialization and urbanization. The need for industrial wastewater treatment is also on a rise due to the need for a safe working environment in industrial operations.
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Prime aspects behind the growth of the industry
The global water treatment equipment market is anticipated to experience substantial growth in the coming years, driven by rising demand for clean and safe drinking water, population growth, and increased industrialization. However, factors such as evolving regulatory requirements and limited consumer awareness may hinder market expansion, particularly due to the price-sensitive nature of the industry. In developing countries, the higher cost of water treatment equipment compared to traditional alternatives further restricts its adoption.
Emerging economies are expected to play a key role in the market’s growth in the future. Additionally, increasing awareness of energy conservation and sustainability in the construction sector is anticipated to positively impact the water treatment equipment industry.
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Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for nearly one-third of the global market and is projected to maintain its dominant share in terms of revenue in 2032. This region is also projected to grow at the highest CAGR of 6.22% from 2023 to 2032. The presence of various key manufacturers of wastewater treatment equipment in the region, as well as increase in demand for treated water from various end-use industries such as municipal and industrial applications in countries such as China, South Korea, Japan, and India, may be attributed to the growth of the Asia-Pacific water treatment equipment market.
Key players profiled in the study
Calgon Carbon Corporation
Culligan Water
Ecolab
General Electric
Hydranautics
Pentair
Lenntech B.V.
Suez
Veolia
Xylem
Regional insights
The water treatment equipment market is segmented by region into North America, Europe, Asia-Pacific, and LAMEA. Among these, the Asia-Pacific region stands out as one of the fastest-growing markets globally, driven by a large population and an expanding middle class. The region’s rich supply of raw materials has attracted numerous multinational companies and investors to set up manufacturing plants, thereby contributing to the rapid growth of the water treatment equipment market in this area.
To sum up, the AMR report on the global water treatment equipment market offers important insights and valuable market intelligence across various facets of the industry. Through its analysis of different segments and regions, the report helps companies understand the changing dynamics of the market, allowing them to adapt their strategies accordingly.
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
