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The commercial water treatment equipment market size is forecast to increase by USD 24.88 billion at a CAGR of 5.16% between 2022 and 2027. The growth of the market is influenced by several key factors. Primarily, changing lifestyles attributed to depleting water resources and rapid urbanization are driving the demand for effective water treatment solutions. Additionally, increased government guidelines regarding water quality and safety standards are prompting businesses to invest in robust water treatment equipment. Furthermore, the prevalence of hard water and other contaminants poses significant challenges to maintaining the quality and longevity of food service equipment, thereby driving the need for reliable water treatment solutions. These factors collectively underscore the importance of the commercial water treatment equipment market in ensuring access to clean and safe water for various industries, highlighting its significant growth potential in the global market landscape.
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Navigating the market involves addressing various factors impacting profit margins. Despite the upfront costs and additional costs related to specialized water treatment equipment, ongoing maintenance, replacement of consumables, and necessary upgrades are crucial. Financing and funding are essential to mitigate these expenses. Legal and regulatory compliance efforts and regulatory uncertainties present challenges, often serving as a deterrent to innovation. However, adopting cost-effective technologies for indirect potable water reuse can reduce energy consumption, chemical usage, and waste disposal. By overcoming these hurdles, companies can improve efficiency and sustainability in water treatment operations.
The market segmentation by the application segment (retail, hospitality, education, food service, and others), the type segment (filtration, disinfection, absorption, desalination, and others), and the retail segment which is the fastest growing segment during the forecast year. The retail segment was the largest segment and was valued at USD 20.62 billion in 2017. The regional analysis consists of APAC, North America, Europe, Middle East and Africa, and South America. APAC is the most dominating region during the forecast period. This market growth and trends report also includes an in-depth analysis of drivers (factors influencing market growth), trends (emerging patterns or shifts in consumer behavior), and challenges (barriers or obstacles faced by the industry)
The retail segment will account for a major share of the market's growth during the forecast period. In the retail sector, commercial water end-users comprise shopping malls, supermarkets, departmental and specialty stores, and warehouses. These establishments have a need for clean water to uphold hygiene standards. Additionally, malls and stores that lack a connection to a wastewater discharge system must ensure compliance with national standards before discharging wastewater.
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Various manufacturers, including Aguapuro Equipments Pvt. Ltd. and VEOLIA ENVIRONNEMENT SA, have been offering tailored water treatment systems to meet specific commercial needs in the retail sector. They provide advanced technologies like reverse osmosis (RO) systems, along with pre-filtration and post-UV disinfection, designed to effectively reduce contaminants and particles in water for medium- to large-sized malls. Additionally, these manufacturers offer wastewater treatment systems, enabling retailers to reuse water for their operations or irrigation purposes, thereby cutting down on the cost of purchasing fresh water. These factors have contributed to the increasing adoption of commercial water treatment equipment in the retail industry and are responsible for the growth of the overall wastewater industry.
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APAC is estimated to contribute 48% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The surge in infrastructure spending on commercial projects is fueling the demand for water heaters in the APAC region. The positive economic outlook in emerging economies like India, China, Vietnam, and the Philippines is encouraging investments in the commercial real estate sector, a significant contributor to the regional commercial water treatment equipment market. In 2022, China, Japan, and India were the major revenue-generating countries.
Moreover, in areas with low per capita water availability, particularly in northern China, increasing water consumption has led to excessive surface water and groundwater withdrawals, resulting in environmental issues like ground subsidence, salinity intrusion, and ecosystem degradation. Continuous water pollution is further degrading the quality of the limited clean water available, driving the demand for commercial water treatment equipment in this region. The continuous growth of Indian cities is leading to the planning and development of water management systems, prompting the commercial sector to invest in water treatment equipment and propelling the growth of the commercial water treatment equipment market.
Changing lifestyles due to depleting water resources and rapid urbanization is notably driving market growth. By releasing toxic chemicals and pathogens, increasing industrial activity is causing surface water pollution. The danger to public health and other lifeforms posed by these toxic substances is imminent. Several concerns have been raised globally due to increasing pollution in the water. Moreover, rapid industrialization has resulted in population migration from rural to urban areas and economic growth in emerging nations. This has led to increased disposable income and changes in lifestyle and eating habits. With growing awareness of the adverse effects of consuming contaminated drinking water, consumers now demand clean water in hotels, restaurants, and offices, boosting the sales of water filtration and disinfection equipment. Urbanization is a key driver for the demand for commercial water treatment equipment.
Additionally, the depletion of freshwater resources due to human activities, including urbanization and industrialization, necessitates water conservation measures promoted by government bodies. Industries like food and beverage and hospitality are expected to embrace water reuse. Poor water treatment infrastructure in municipal water plants has further increased the demand for commercial water treatment equipment at various points of entry and use. Consequently, the installation of water treatment and purification equipment is on the rise, fueling the growth of the commercial water treatment equipment market during the forecast period.
The demand for clean water is driving the growth of the market. Escalating water scarcity and wastewater costs globally are boosting the importance of smart water technologies. Regions like the Middle East, North Africa, and South-East Asia face impending water shortages due to poor management. Amidst this, replacing old tech with new sensors and devices allows real-time monitoring and proactive contamination detection. IoT-powered smart water systems are also gaining traction, tracking quality and treatment processes efficiently. These advancements are set to fuel the global commercial water treatment equipment market growth in the forecast period.
High operational costs are a significant challenge hindering market growth. The major cost components for water treatment equipment filters include purchase and installation costs. Maintenance labor costs are generally low, except for specialized labor required for maintaining RO systems. However, for fiber media filters, supply costs are significant due to the purchase of fabric rolls, making them incur the highest consumable costs. The capital cost of synthetic fiber filtration varies based on water volume and filtration unit size. Membrane filters used to remove small particles and dissolved ions are relatively expensive compared to other options.
Moreover, the high-level pre-filtration, coupled with coarser particle filters, is essential to prevent membrane clogging, leading to additional expenses. Additionally, adhering to WHO guidelines and regulations requires regular filter replacements to ensure water quality, resulting in high operational costs. These factors might pose challenges to the global commercial water treatment equipment market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Commercial Water Treatment Equipment Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
3M Co. - The company offers commercial water treatment equipment such as the 3M ESP series water softener system, and 3M Automatic backwash filtration system.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is witnessing increasing concerns regarding water scarcity, driving the adoption of sustainable water management practices across industries. Industrial water consumption is under scrutiny due to regulatory pressures and environmental mandates, leading to the implementation of stringent standards. Advanced water treatment technologies are being embraced to address operational expenses and comply with modern wastewater treatment solutions. Smart water management, facilitated by IoT sensors and automation systems, enables data-driven decision-making and promotes reuse and recycling initiatives. Despite high installation and equipment costs, evolving market demands are fueling the growth of smart water infrastructure to meet the challenges of regulatory compliance and ensure sustainable water resource management.
The market is facing significant challenges due to water scarcity concerns and the increasing global population. These challenges are particularly pronounced in the water and wastewater treatment equipment industry, where limited financial resources and regulatory compliance efforts create a financial burden for smaller companies. Compliance challenges, delays, and regulatory non-compliance issues further compound the complexity and uncertainty in the market. However, advancements in data analysis, Internet of Things (IoT) sensors, and data analytics software are driving water resource management initiatives and promoting smart water solutions for non-potable applications and industrial processes. Despite high installation costs and limited budgets, modern water treatment technologies such as membrane filtration systems, UV disinfection units, and advanced chemical dosing systems offer cost-effective solutions for ensuring water quality and sustainability in municipal wastewater treatment plants and industrial facilities. Innovative financing models and distribution strategies are essential for enhancing competitiveness and driving market growth in this challenging landscape.
The commercial water treatment equipment market research and growth report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in USD Billion for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments.
Commercial Water Treatment Equipment Market Scope |
|
Report Coverage |
Details |
Page number |
183 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.16% |
Market growth 2023-2027 |
USD 24.88 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.03 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 48% |
Key countries |
US, Canada, Mexico, China, and Russia |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks, Commercial Water Treatment Equipment Market Industry Report |
Key companies profiled |
3M Co., Aquatech International LLC, Berkshire Hathaway Inc., BWT Holding GmbH, Clack Corp., Collins Water Solutions Pty Ltd., Cortec Corp., Culligan International Co., Ecolab Inc., Evoqua Water Technologies LLC, General Electric Co., KURARAY Co. Ltd., Lenntech BV, Pentair Plc, SUEZ SA, SWA Water Holdings Pty Ltd., Thermax Ltd., Veolia Environnement SA, Xylem Inc., and Applied Membranes Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period, Commercial Water Treatment Equipment Market growth analysis. |
Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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