Water And Wastewater Treatment Equipment Market to Witness a Healthy Growth by 2030

The water and wastewater treatment equipment market was valued at approximately USD 63.45 billion in 2022 and is projected to grow at a CAGR of 4.5% from 2023 to 2030. The market is driven by factors such as population growth, urbanization, industrialization, and stringent environmental regulations. Increasing awareness of environmental pollution, strict waste and wastewater management regulations, and a rising demand for sustainable and efficient treatment solutions are expected to fuel market growth. Advanced technologies like membrane filtration, activated sludge treatment, and biological treatment offer benefits such as improved water quality, reduced environmental impact, and enhanced public health.

Companies in the market are forming partnerships with end-users to promote new technologies, while increased investment in research and development aims to improve technology efficiency and drive market growth. Small and medium-sized businesses are adopting new treatment technologies, creating growth opportunities. For example, LTIMindtree Limited partnered with Yorkshire Water in December 2022 to transform the latter's business operations across asset management, wastewater, and water segments.

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Key Companies & Market Share Insights:
Manufacturers in the market employ various strategies, including mergers, product developments, joint ventures, geographical expansions, and acquisitions, to cater to changing technological requirements and enhance market penetration across municipal and industrial applications. For example, Evoqua Water Technologies completed the acquisition of an industrial water treatment service division from Kemco Systems in February 2023. This acquisition will enable the company to expand its aftermarket services in the North American market and strengthen its capability to support industrial customers. Some prominent players in the global water and wastewater treatment equipment market include Xylem, Inc., Pentair plc, Evoqua Water Technologies LLC, Aquatech International LLC, Ecolab Inc., DuPont, Calgon Carbon Corporation, Toshiba Water Solutions Private Limited (TOSHIBA CORPORATION), Veolia Group, Ecologix Environmental Systems, LLC, Evonik Industries AG, Parkson Corporation, Lenntech B.V., Samco Technologies, Inc., Koch Membrane Systems, Inc., General Electric, and Ovivo.

Regional Insights:
Asia Pacific dominated the water and wastewater treatment equipment market, accounting for a 34.7% share of global revenue in 2022. It is projected to grow at a CAGR of 5.7% from 2023 to 2030. Increasing awareness about water conservation and environmental protection among consumers and industries is expected to drive market growth in the region. The presence of numerous established and emerging players in the water and wastewater treatment equipment industry, such as Huber SE, SUEZ SA, Veolia Water Solutions and Technologies, Kurita Water Industries Ltd., Thermax Limited, and SWA Water Australia, is expected to fuel market growth in the region.

The Central & South America market is anticipated to grow at a CAGR of 4.6% over the forecast period. Governments and regulatory bodies in the region are taking initiatives to improve water quality and promote sustainable water management practices, which is driving market growth. Additionally, the region is home to several industries such as food and beverage, pharmaceuticals, and chemicals, which require effective wastewater treatment solutions to comply with environmental regulations.

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Global Water & Wastewater Treatment Equipment Market Segmentation
This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2023 to 2030. For this study, Grand View Research has segmented the global water and wastewater treatment equipment market based on application, process by equipment, and region:

Application Outlook (Revenue, USD Billion, 2023 - 2030)
• Municipal
• Industrial

Process By Equipment Outlook (Revenue, USD Billion, 2023 - 2030)
• Primary Treatment
o Primary Clarifier
o Sludge Removal
o Grit Removal
o Pre-Treatment
o Others

Secondary Treatment
o Activated Sludge
o Sludge Treatment
o Others
• Tertiary Treatment
o Tertiary Clarifier
o Filters
o Chlorination Systems
o Others

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This release was published on openPR.