Global Water Treatment System Market on Track to Reach US$ 111,922 Million by 2030, Driven by a Strong 6.8% CAGR

The global water treatment system market recorded a demand worth US$ 66,094 million in 2022 and is poised for robust growth with a projected Compound Annual Growth Rate (CAGR) of 6.8%. As the forecast period reaches its conclusion, this trajectory is expected to result in a substantial market valuation of US$ 111,922 million.

Between 2015 and 2021, the water treatment system market exhibited historical growth at a CAGR of 5.5%. This upward trend can be attributed to the increasing recognition of the crucial importance of clean water in various industrial and household applications, consequently driving the global adoption of water treatment systems.

Illuminate Pathways: Request Sample Insights for Free @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12412

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.

- Key Players:

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.

Empower Your Business IQ: Don't Wait, Secure Your Complete Report - Buy Now @ https://www.futuremarketinsights.com/checkout/12412

- 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

By Application:
Process Water/Water Treatment
Waste Water Treatment
Zero Liquid Discharge
Desalination

By End Use:
Residential Buildings
Commercial Buildings
Municipality
Industrial
Chemical & Petrochemicals
Oil & Gas
Mining & metals
Food & Beverage
Pharmaceuticals
Semiconductors
Thermoelectric Power Plants
Pulp & Paper
Sugar Mills
Textiles
Leather

By Region:
North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East
Africa

About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:
Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

This release was published on openPR.