Water and Wastewater Treatment Equipment Market

Water and Wastewater Treatment Equipment Market Outlook

The global water and wastewater treatment equipment market size was valued at USD 58.80 Billion in 2022 and is likely reach to USD 91.22 Billion by 2031, expanding at a CAGR of 5% during the forecast period, 2023-2031.

The growth of the market is attributed to the rising demand for clean water due to increasing urbanization and industrialization along with reducing freshwater supplies. Growing environmental concerns, along with the need to adhere to tight regulatory regulations, the demand for water and wastewater treatment is increasing.

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Increasing expenditures on wastewater treatment facilities are anticipated to fuel the market. In many places of the world, large amounts of wastewater are discharged into the environment untreated or insufficiently treated, producing significant health risks for people and harming the environment.

Diseases are spreading through partially treated wastewater and untreated sewage. In this situation, it is a way for COVID-19 to spread quickly, for instance in areas with poor sanitation or in products that are exposed to black water and open sewers.

The market in North America was dominated by the U.S in 2021 owing to the presence of developed treatment infrastructure as well as strict laws governing the release of effluent. Additionally, growing demand to upgrade the country's deteriorating infrastructure is anticipated to drive market growth.

The demand for processed and fresh water is increasing due to infrastructure expansion, population growth, rapid urbanization, and technological advancements. But due to the scarcity of freshwater resources, wastewater treatment, and reuse are becoming more important to fulfill the rising demand. This is estimated to drive the market.

COVID-19 Impact on Water And Wastewater Treatment Equipment Market

The COVID-19 pandemic had a negative impact on the demand and supply of water and wastewater treatment equipment market. Lockdown across the globe, supply chain disruptions, and oscillating supply of raw materials forced manufacturers to shut down production leading to an unfortunate decline in market growth.

The launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

Water And Wastewater Treatment Equipment Market Dynamics

The market research report on the global water and wastewater treatment equipment market provides a detailed analysis by focusing on revenue growth, facts, figures, and historical data to determine major drivers, existing restraints, key opportunities, and competitive analysis.

The report includes recent developments that can shape the overall performance of the market during the assessment period, 2022 to 2030.

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Drivers

Lack of freshwater resources

According to the United Nations, water scarcity has a terrible impact on the amount of water consumed worldwide. Almost 1.2 billion population lives in such a part of the world where there are drinking water issues and physical water scarcity.

Nearly a quarter of the world's population, or an additional 1.6 billion people, struggle with the lack of financial support for accessing fresh water from various water resources.

Water quality and resource depletion are serious problems in many developing nations across the world. Furthermore, large populations of nations like China and India are projected to create immense opportunities during the forecast period.

According to WHO data, approximately 51% of people in China and India lacked access to clean drinking water. Increasing global population and the existing limited freshwater resources have resulted in numerous methods to slake the world's desire for drinkable water.

The technologies created are primarily intended to make the majority of water resources accessible and usable. These circumstances are motivating manufacturers of water and wastewater treatment equipment to profit from alternative water sources including water obtained through desalination and after reuse.

Restraints

High operations and installation costs hinder the market growth

The installation of water and wastewater treatment equipment is expensive, despite the fact that there are many benefits to water treatment. The market for water and wastewater treatment equipment is hampered by the high cost of the machinery and its maintenance. Disinfection techniques like chemical treatment with chlorine gas require a large amount of treated water to be stored.

The availability of such facilities and tools is very limited in developing nations. Ozone and UV equipment have been used in developed nations in Europe and North America for municipal purposes, but in APAC and other regions, their market shares are limited.

Equipment for desalinating water is relatively expensive in emerging nations. Similarly, the expense of running and maintaining water treatment facilities is also high. For instance, to meet the needs of treating and processing water, treatment systems use a significant amount of energy.

These issues are emphasized in economically underdeveloped African nations where 45% of the population lacks access to clean drinking water.

Additionally, many nations lack the necessary infrastructure for distributing and storing water. This act as a roadblock in the development of the global water and wastewater treatment market.

Opportunities

Increasing demand for energy-efficient and advanced water treatment technology

The current global energy problems are caused by the depletion of conventional energy sources as well as the environmental effects of their extraction, treatment, associated emissions, waste management, and recycling.

Therefore, as the need for energy-efficient water treatment solutions grows, so does the need for water treatment equipment. Membrane-based water treatment equipment is crucial in order to preserve sustainability in relation to water and energy.

The majority of these membranes have several industrial-based applications. Some examples are fuel cells, lithium-ion battery packs, water & wastewater treatment by membrane reactors (MBR), and desalination by RO. Membrane solutions not only address the water and energy crisis, but also environmental criteria such as land use, adaptability, and flexibility.

In contrast, it is necessary to increase the efficiency, cost, and energy consumption of membrane technologies. Therefore, improvements in membrane equipment are necessary to make such advancements.

Rising upgrades due to aging infrastructure are projected to drive the market. These factors are estimated to create lucrative growth opportunities in the global water and wastewater treatment equipment market during the projected period.

Scope of Water And Wastewater Treatment Equipment Market Report

The report on the global water and wastewater treatment equipment market includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Water And Wastewater Treatment Equipment Market Segment Insights

Types Segment Analysis

Based on types, the market is segregated into filtration, disinfection, Membrane Separation, adsorption, desalination, testing, sludge treatment, biological, and others. The desalination segment is expected to expand at a high CAGR during the forecast period.

Equipment for treating water and wastewater offers water treatment, wastewater treatment, and saline water treatment, and permits the reuse of water from municipal and industrial sources. Water quality and resource depletion are serious problems in many developing nations across the world.

Large populations in countries such as China and India present a market potential for water and wastewater treatment systems. Additionally, as a significant source of revenue production, the potential for industrial wastewater treatment and water reuse in the global market is drawing several water treatment and solution providers.

The membrane separation segment accounted for a market share of around 19% in 2021. Membrane separation is a physical treatment method that involves forcing high-pressure feed water across a semi-permeable membrane in order to separate certain components from the solution.

In comparison to other techniques, membrane separation has a variety of benefits, including a small operating area and excellent filtration efficacy.

The biological segment is projected to grow at a rapid pace in the coming years. After the primary process biological process is the secondary treatment used to remove contaminants. Environment-friendly methods are used to control water pollution in the manufacturing and municipal sectors under strict rules.

The demand for biological treatment is anticipated to increase in developed nations such as Japan, Germany, Canada, and the U.S.

The sludge treatment segment is anticipated to expand at a substantial CAGR during the forecast period. These systems consist of dewatering, thickening, screening, and sludge drying. To avoid interfering with subsequent sludge treatment procedures, solids like plastics, fibers, and hair are removed using the sludge treatment process.

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Processes Segment Analysis

On the basis of processes, the water and wastewater treatment equipment market is fragmented into primary, secondary, and tertiary. The tertiary segment is projected to expand at a CAGR of around 5% during the projected period.

Before being reused or released into the environment, tertiary treatment is done to improve effluent quality. In order to make water suitable for reuse, this method eliminates the inorganic chemicals, viruses, germs, and parasites that remain after subsequent treatment procedures.

The primary segment is estimated to hold a key market share. Floating debris and heavy solids are removed from wastewater by the primary treatment. Water and pollutants are separated from waste by passing it through a number of tanks and filters.

The secondary treatment segment is estimated to expand at a high CAGR during the forecast period. The major purpose of secondary treatment is to remove pollutants and soluble organic materials such as bio-towers, using trickling filters, nitrogen & phosphorus, activated sludge systems, and rotating biological contactors.

Applications Segment Analysis

In terms of applications, the market is divided into industrial, municipal, and others. The industrial segment is further segregated into food & beverage, chemicals, pulp & paper, and oil & gas. The municipal segment is expected to hold a key market share during the forecast period.

The growth of the segment is attributed to the increased use of water and wastewater treatment equipment in non-residential and residential applications.

The demand for municipal products is anticipated to rise, particularly in developing economies such as China, Brazil, and India due to a growth in urban population and supportive government policies aimed at supporting infrastructure development.

Municipal wastewater treatment facilities are generally used to preserve water resources and natural aquatic ecosystems by removing effluent organic matter (EfOM), pathogens, and nutrients from wastewater.

Increasing government attention on developing water and wastewater treatment infrastructure globally and rising awareness of wastewater treatment is projected to boost the segment during the projected period.

The industrial segment is anticipated to grow at a substantial CAGR of around 5.2% during the forecast period. Factors such as the increasing number of production units, technological developments, and rapid industrialization result in increased demand for fresh and processed water. The above-mentioned aspects are projected to fuel the segment.

Increased industrial activity and fast urbanization have caused environmental degradation due to untreated or insufficiently treated industrial wastewater effluents. However, the segment is projected to boost as a result of rising concern about environmental deterioration and tightening rules governing the discharge of industrial effluents into water sources.

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Water and Wastewater Treatment Equipment Market Regional Analysis

On the basis of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific dominated the market holding a share of around 33% in 2021 and is projected to continue its dominance during the forecast period.

Growth of the market in the region is attributed to the rising demand for treated water from several end-user industries and the presence of key manufacturers.

Numerous international businesses and investors have established their production facilities in the Asia Pacific due to the region's easy access to raw materials, therefore, driving the market. The market size in North America is estimated to grow at a rapid pace in the coming years.

Strict state and federal wastewater regulations in the United States and additional renovations due to deteriorating infrastructure are anticipated to propel the market. The expansion of oil & gas development activities in the United States and Canada is projected to increase product demand, thus, fueling the market in the region.

The market in Europe is projected to hold a key market share during the projected period. Strict rules and regulations such as Water Framework Directive (WFD), Urban Wastewater Treatment Directive (UWWTD), and Drinking Water Directive are anticipated to increase the investment in the water and wastewater treatment equipment market in the region.

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Segments

Types

• Filtration
• Disinfection
• Membrane Separation
• Adsorption
• Desalination
• Testing
• Sludge Treatment
• Biological
• Others

Processes

• Primary
• Secondary
• Tertiary

Applications

• Industrial
  • Food & Beverage
  • Chemicals
  • Pulp & Paper
  • Oil & Gas
• Municipal
• Others

Regions

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Key Players

• 3M
• Aquatech International LLC
• Calgon Carbon Corp.
• Dow Water & Process Solutions
• DuPont
• Ecolab Inc.
• Evoqua Water Technologies LLC
• GE Water & Process Technologies
• Pentair Plc.
• SUEZ
• Veolia
• Xylem Inc.

Competitive Landscape

Some of the key water and wastewater treatment equipment manufacturers in the market include 3M; Aquatech International LLC; Calgon Carbon Corp.; Dow Water & Process Solutions; DuPont; Ecolab Inc.; Evoqua Water Technologies LLC; GE Water & Process Technologies; Pentair Plc.; SUEZ; Veolia; and Xylem Inc.

The market is characterized by the existence of regional and international firms that are involved in the designing, production, distribution, and installation of a broad range of products. Major players are investing in R&D initiatives.

Additionally, they are concentrating on combining advanced technologies to create more efficient and useful solutions that can be implemented in the market. As water and wastewater treatment equipment is largely used in municipal and industrial sectors, major companies are concentrating on the economical scope.

Some of these players are using several market strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares, generate revenue, and raise their production line of business in the coming years. For instance,

• In May 2021, Veolia and Séché Environnement signed a contract. A section of Veolia's industrial water treatment services business in France will be taken over by Séché Environnement.

• In September 2020, the IPMC, Veolia, and IAGE continue to collaborate to enhance Vigie COVID-19, a revolutionary technique for promptly identifying and computing the COVID-19 virus, especially in wastewater. Researchers have already been able to recognize and calculate the Alpha, Gamma, and Beta versions as well as the risky delta variant from a year ago and the brand-new Omicron variant from this year.