Due to technological improvements, rapid urbanization, population growth, and infrastructure expansion, there is an increase in the demand for fresh and processed water worldwide. There is a rising significance on wastewater treatment and recycling to accomplish increasing demand as freshwater supplies are sparse.
The global market offers higher functional efficiency and operates for a longer duration after observing the development of superior components, including membranes and filters. The market is anticipated to be driven by the development of superior components to treat effluents in oil & gas and manufacturing industries. The increasing demand for clean water from refineries is also an important water and wastewater treatment equipment market trend.
Companies are concentrating on the equipment's economic potential because it is employed extensively in the industrial and municipal sectors. The high cost of operating, maintaining, and monitoring wastewater treatment plants will probably limit market expansion to some extent.
The governments of economically underdeveloped nations do not provide appropriate financial assistance and continue to rely on outdated, ineffective infrastructure. Industrialized nations still have to pay for updating these systems, though.
The sewage and water treatment facilities have a limited lifespan, after which they must be upgraded. This procedure necessitates significant capital expenditures. Die servicing requires a significant amount of labor. Significant financial resources are needed in many nations for the maintenance and repair of piping systems.
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Water and Wastewater Treatment Equipment Market
Regional Analysis
Asia-Pacific dominated with a water and wastewater treatment equipment market share of 32.44% in 2021. During the forecast period, the region is anticipated to increase at a CAGR of 5.5%. The factor that will be responsible for the market growth is the rapidly rising manufacturing sector, amalgamated with increased investment in the wastewater management business. Moreover, the rise in product application in municipal wastewater treatment plants is anticipated by the region's growing residential sector.
It is anticipated to promote market growth through strict state-federal wastewater restrictions and increased advances owed to maturing infrastructure in the US In addition. It is likely to boost product demand, boosting the market growth in North America due to the rising oil and gas examination project in the US and Canada.
During the forecast period, it is anticipated that the water and wastewater treatment equipment market share will rise significantly in Europe. Because of the strict regulation and instructions such as the Drinking Water Directive, Urban Wastewater Treatment Directive (UWWTD), and the Water Framework Directive (WFD), water and investment are anticipated to rise in wastewater treatment equipment.
In Brazil, water pollution is a significant environmental and health hazard. Industrial waste, sewage, and leaking landfills are the major factors contributing to water pollution. Therefore, in the regional market of Central & South America, the increasing burden of water pollution is anticipated to drive the product demand.
Water and Wastewater Treatment Equipment Market Segmentation
Analysis of industry trends in each of the sub-segments and revenue growth at the global, regional, and country levels is provided by the water and wastewater treatment equipment market forecast from 2018 to 2030. Based on equipment, process, application, and region, the global market report is divided by Grand View Research.
On the basis of Equipment Outlook(Revenue, USD Billion, 2018-2030), Grand View Research has divided the market into Membrane Seperation, Biological, Disinfection, Sludge Treatment, and others. In Process Outlook(Revenue USD Billion, 2018-2030), the market is segmented into Primary, Secondary, and Tertiary. Looking at Application Outlook(Revenue, USD Billion, 2018-2030), the market is fragmented into Municipal and Industrial.
Key Players
The key vendors contributing to the water and wastewater treatment equipment market trends are:
- Veolia
- Pentair plc
- DuPont
- SUEZ
- Xylem Inc.
- Aquatech International LLC
- Ecolab Inc.
- Evoqua Water Technologies LLC
- Calgon Carbon Corp.
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Companies Covered | 15 |
Pages | 188 |
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