Allied Market Research published a report, titled, “Water Treatment Equipment Market by Type (Process Equipment, Mud Treatment, Filtration Systems & Media, Disinfection, Diversions & Screens, Meters, Membranes, Others), by End-Use Industry (Industrial Water Treatment Equipment, Municipal Water Treatment Equipment) Global Opportunity Analysis and Industry Forecast, 2023-2032 “.
According to the report, The water treatment equipment market was valued for $54.3 billion in 2022 and is estimated to reach $93.9 billion by 2032, exhibiting a CAGR of 5.7% from 2023 to 2032.
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Prime determinants of growth
The global water treatment equipment market is expected to grow significantly in the coming years due to the increase in demand for clean and safe drinking water, the growth in population, and increase in industrialization. However, changes in the regulatory environment and low consumer awareness inhibit the development owing to the price-sensitive nature of this market. The usage is limited in developing countries as the price of water treatment equipment is relatively higher compared to its traditional counterparts. Moreover, emerging economies are expected to lead the water treatment equipment market in the coming years. In addition, a rise in awareness regarding energy conservation and sustainability in the construction industry is expected to benefit the water treatment equipment industry.
The filtration systems and media segment to maintain its leadership status throughout the forecast period
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.
The municipal water treatment equipment segment to maintain its leadership status throughout the forecast period
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.
Asia-Pacific to maintain its dominance by 2032
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.
Leading Market Players: –
- ECOLAB
- HYDRANAUTICS
- VEOLIA
- XYLEM
- PENTAIR
- GENERAL ELECTRIC
- SUEZ
- CALGON CARBON CORPORATION
- CULLIGAN WATER
- LENNTECH B.V.
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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.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
