The Global Market for Water and Wastewater Treatment Equipment is Projected to Reach US$69.6 Billion by 2024

Increasing Gap between Safe and Reliable Water Supply Drives the Need for Water & Wastewater Treatment Equipment Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Water and Wastewater Treatment Equipment market. The global market for Water and Wastewater Treatment Equipment is projected to reach US$69.6 billion by 2024, driven by rapid depletion of potable water reserves , widening gap between safe and reliable water supply, and  rising concerns over deteriorating quality of water across the worldwide.

Water and wastewater treatment refers to enhancing the quality of water by eliminating contaminants, solid particles and disease causing microorganisms through the use of various technologies. The severe shortage and deteriorating quality of water across several parts of the world is driving the need for water treatment and water conservation technologies. In addition to pressing need to provide potable/fresh water to the world’s population, increased demand for food and the subsequent intensification of agricultural operations is also enhancing the demand for fresh water resources. The chronic shortage of freshwater is expected to intensify in the coming years, thereby driving demand for a wide array of water treatment products. Across the world, the gap between safe freshwater supply and water demand in several developing economies is bringing forth the need for efficient water treatment technologies. The rapid depletion of potable water reserves is compelling governments to focus on water conservation and water treatment. Rise in world population, expanding industries and the resultant excessive usage of naturally occurring resources are likely to aggravate the water shortage problem. To combat water issues, industrial treatment of water & wastewater is on the rise, fuelling demand for equipment used to treat water & waste water produced from industries.

Strict regulations governing the disposal of waste water and the usage of industry runoff water are further expected to encourage the market for water recycling systems. Depleting water resources and the increasing demand for clean, potable water is driving countries worldwide to focus on reclaimed or recycled water.  With fresh water sources depleting, seawater is being used, thereby translating into higher demand for desalination technology. In developed countries, existing infrastructure is being renewed and modernized. Technological advances also bode well for the industry. Companies are using various technologies for treating the water and making it reusable or safe for disposal. Depending upon available funds and quality and quantity of water and wastewater, stakeholders use a number of technologies including membranes, desalination and nanotechnology to treat water. Moreover, increasing focus on energy-efficiency is expected to help technologies like solar desalination, hybrid desalination and forward osmosis to gain traction over the coming years. The growing need for high quality water in industries such as pharmaceuticals and semiconductor coupled with emphasis on water reuse and recycling through programs such as zero liquid discharge continue to drive penetration of advanced technologies.  The industry is also witnessing the incorporation of Wi-Fi and Bluetooth in consumer water treatment systems to leverage the benefits of smart technology.

As stated by the new market research report on Water and Wastewater Treatment Equipment, Asia-Pacific is the largest and the fastest growing market worldwide. Growth in the region is led by rapid pace of urbanization and industrialization and rising pollution levels ensuing stress on water resources, introduction of stringent water treatment regulations and increasing participation of private players in the water treatment sector.

Major players in the market include 3M Purification Inc., BWT AG, Calgon Carbon Corporation, Culligan International, Dow Water & Process Solutions, Ecolab Inc., H2O Innovation Inc., Hitachi Ltd., Hyflux Ltd., Koch Membrane Systems Inc., Kurita Water Industries, Mitsubishi Rayon Co. Ltd., Nitto Denko Corp., Pall Corporation, Pentair Inc., Suez Environnement S.A., Toray Industries Inc., Veolia Water Solutions & Technologies, and Xylem Inc., among others.

The research report titled “Water and Wastewater Treatment Equipment: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for all major geographic markets such as US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East & Africa and Latin America (Brazil, Mexico and Rest of Latin America). End-use market analyzed include Industrial, Municipal, Residential, and Commercial.

For enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.

To connect with us, visit our LinkedIn page.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.