In the year 2022, the global water treatment system market achieved a significant milestone, standing at a substantial valuation of US$ 66,094 Million. Projections indicate a robust upward trajectory, with an anticipated Compound Annual Growth Rate (CAGR) of 6.8%. By the conclusion of the forecast period, the market is poised to attain an impressive valuation of US$ 111,922 Million.
Reflecting on the historical growth of the water treatment system market from 2015 to 2021, it exhibited a commendable Compound Annual Growth Rate (CAGR) of 5.5%. This notable expansion underscores the increasing recognition of the vital role played by clean and potable water in diverse industrial and domestic applications, thereby driving the global adoption of water treatment systems.
Future Market Insights (FMI) has identified North America as a pivotal market for water treatment systems. The region's prominence is attributed to the escalating demand for water treatment systems and the rapid adoption of cutting-edge technologies within this domain. Projections suggest a substantial value CAGR of 5.2% in the water treatment systems market within North America.
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The paramount importance of technology and innovation spans across various dimensions of the water industry, encompassing safety, addressing scarcity, utility operations, water efficiency, monitoring, treatment, and data analytics. Market participants are witnessing a heightened interest from businesses and utilities in embracing and testing future-proof technologies.
For instance, the application of remote sensing in water management addresses non-revenue water issues and enhances water accounting, while the Internet of Things (IoT) facilitates water quality control and smart irrigation. When coupled with advanced computing capabilities, IoT empowers industry players to formulate intricate water management models.
Key Takeaways from the Water Treatment System Market Analysis:
- Global adoption of water treatment systems projected to escalate at a 6.8% CAGR from 2022 to 2030.
- Preliminary treatment systems expected to maintain dominance in revenue, constituting 40% of the market share.
- Continued prominence of process water/water treatment applications throughout 2030.
- Notable investments anticipated in the industrial sector by stakeholders.
- East Asia poised to emerge as a focal point for capturing value in the coming years.
Impact of COVID-19 on the Water Treatment System Market:
Amid the COVID-19 pandemic, the significance of frequent handwashing and sanitation has been underscored as crucial measures to prevent contagion. However, UNICEF/WHO estimates that approximately 3 billion people lack access to such facilities. This crisis has highlighted the indispensable connection between clean water and public health, elevating cleanliness standards.
Water treatment systems have emerged as reliable and indispensable elements of societies, playing a pivotal role in safeguarding public health during the global crisis. The initial response of utilities to the pandemic, involving optimized disinfection measures, has been a crucial step in protecting utility workers, preserving receiving water ecosystems, and curbing the potential transmission of the coronavirus.
Confronting these challenges, numerous companies are enhancing existing water treatment facilities in heavily impacted regions, aiming to prevent potential COVID-19 outbreaks in places like community clinics, hospitals, and nursing homes.
Water Treatment System Market – Competitive Landscape:
The global water treatment system market demonstrates a considerable level of consolidation, with key players commanding a substantial share of market revenue. Manufacturers are strategically adopting innovative business models to solidify their market presence. Significant investments are directed towards research and development (R&D) initiatives, aiming to introduce novel designs with enhanced capabilities.
For instance, Arvind Ltd. has initiated the Kaigo initiative, offering water elements and operations & maintenance (O&M) services. This initiative encompasses technologies and products essential for constructing and maintaining efficient wastewater treatment systems. Aquatella has pioneered a 4-stage countertop water filter capable of removing nearly 99% of heavy metals, toxic pathogens, chemicals, and pesticides from drinking water. Pentair plc has broadened its portfolio through the September 2022 acquisition of US-based water treatment equipment firms, Pelican Water Systems and Aquion.
- SUEZ SA
- Veolia Environment S.A
- Ecolab Inc.
- Xylem Inc.
- Pentair Plc
- Evoqua Water Technologies LLC
- BWT Aktiengesellschaft
- Thermax Global
- Voltas Limited
- VA Tech Wabag Ltd., among others.
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Water Treatment System Market Segments:
By System Type:
- Water Treatment
- Membrane Bio- Reactor (MBR)
- Reverse Osmosis (RO)
- Micro- Filtration (MF)
- Nano/Ultra Filtration (NF/UF)
- Disinfectants (UV, Ozone)
- Sludge Treatment
- Activated Sludge
- Sludge Thickening & Dewatering
- Sludge Drying
- Process Water/Water Treatment
- Waste Water Treatment
- Zero Liquid Discharge
By End Use:
- Residential Buildings
- Commercial Buildings
- Chemical & Petrochemicals
- Oil & Gas
- Mining & metals
- Food & Beverage
- Thermoelectric Power Plants
- Pulp & Paper
- Sugar Mills
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Middle East