Press release
Decentralized Water Treatment Market Size, Industry Trends, Growth 2024-2033
Decentralized Water Treatment Market Size
According to The Business Research Company's, The decentralized water treatment market size has grown rapidly in recent years. It will grow from $15.58 billion in 2023 to $18.07 billion in 2024 at a compound annual growth rate (CAGR) of 15.9%. The growth in the historic period can be attributed to increasing awareness of the benefits of clean water, the growing number of shopping malls and hotels and deteriorating water quality in countries, dwt is beneficial for communities considering new systems, rising need for a de-centralized wastewater treatment, the rising understanding of the necessity for clean water.
The decentralized water treatment market size is expected to see rapid growth in the next few years. It will grow to $31.85 billion in 2028 at a compound annual growth rate (CAGR) of 15.2%. The growth in the forecast period can be attributed to rising demand for freshwater, increase the penetration rate of decentralized water treatment, rapid development of the economy, increasing population and rapid urbanization, rise consumer awareness. Major trends in the forecast period include adoption of blockchain technology, increasing adoption of decentralized water treatment, integration of IoT and AI, rise of decentralized water treatment as a service (DTaaS), rising innovations.
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Market Drivers and Trends:
The rising demand for freshwater is expected to propel the growth of the decentralized water treatment market going forward. The demand for freshwater is increasing due to growing populations, urbanization, industrialization, agricultural expansion, climate change, environmental degradation, and inefficient water use. Decentralized water treatment helps freshwater by providing localized purification solutions, reducing strain on centralized systems, and improving access to clean water in remote or underserved areas. For instance, in October 2023, according to the Water Account, Australia by the Australian Bureau of Statistics, an Australia-based government agency, in the period from 2020 to 2021, the national water consumption for industries and households in Australia experienced a slight increase of less than half a percent, rising from 13,415 gigalitres (GL) to 13,449 GL. Therefore, the rising demand for freshwater is driving the growth of the decentralized water treatment market.
Major companies operating in the decentralized water treatment market are developing innovative technologies, such as advanced oxidation technology, to enhance wastewater reuse at a lower cost. Advanced oxidation processes (AOPs) are chemical treatment procedures that remove organic and sometimes inorganic materials from water and wastewater. For instance, in August 2021, The Energy and Resources Institute, an India-based research institute that specializes in the fields of energy, environment, and sustainable development, launched the Advanced Oxidation Technology called TADOX, which can help achieve zero liquid discharge (ZLD) and reduce dependence and load on biological and tertiary treatment systems. By treating sewage and highly polluted industrial wastewater streams, this method, which employs UV-photocatalysis, increases the amount of wastewater that may be reused in both industrial and wastewater treatment applications. The technology is supported by the Indian government's Department of Science and Technology's Water Technology Initiative (WTI). A potential choice for new Decentralized Wastewater Treatment Technologies (DWTT) in townships, commercial complexes, green buildings, smart cities, and prospective and current infrastructure projects is TADOX, which can be retrofitted and incorporated into existing treatment systems.
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
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Major Key Players of the Market:
Veolia Water Technologies, Suez SA, Dupont, Xylem Inc., Evoqua Water Technologies Corp., Darley, FilterBoxx Water and Environmental Corp., Organica Water, ATB WATER GmbH, Biomicrobics Inc., De. mem Limited, Adedge Water Technologies LLC, Epuramat S.A., Hydroswiss SA, Ayala Water & Ecology Ltd., Biokube, Afmitech Friesland BV, Epiphany Inc., LifeQuest World Corp, TMW, TopolWater Ltd., WaterHealth International, Bioxica, ECOfluid Systems Inc., Prana Sustainable Water LLC
Decentralized Water Treatment Market 2024 Key Insights:
• The decentralized water treatment is expected to grow to $31.85 billion in 2028 at a compound annual growth rate (CAGR) of 15.2%.
• The Role Of Decentralized Water Treatment In Addressing Global Freshwater Scarcity
• Innovative Advanced Oxidation Technology Revolutionizing Decentralized Water Treatment Market
• Asia-Pacific was the largest region in the decentralized water treatment market in 2023.
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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