Enjoy complimentary customisation on priority with our Enterprise License!
The commercial water treatment equipment market size is estimated to grow at a CAGR of 5.16% between 2022 and 2027. The market size is forecast to increase by USD 24.88 billion. The growth of the market depends on several factors such as the changing lifestyles due to depleting water resources and rapid urbanization, the increased government guidelines, and hard water and other contaminants hampering food service equipment quality
To learn more about this report, View Report Sample
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.
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.
Get a glance at the market contribution of various segments View the PDF Sample
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.
For more insights on the market share of various regions Download PDF Sample now!
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.
The COVID-19 pandemic had adverse effects on the commercial water treatment equipment market in the APAC region in 2020. Due to labor shortages and social distancing measures, the installation of new equipment was delayed. Additionally, the decrease in consumer spending significantly impacted the demand for commercial water treatment equipment. However, the market showed signs of recovery in 2021 with increased demand. The region's rising residential construction activities are expected to drive significant growth in the commercial water treatment equipment market during the forecast period.
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.
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 commercial water treatment equipment market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
|
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 |
|
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 |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
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
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Get lifetime access to our
Technavio Insights
Customized Report as per your Business Needs
Let us help you make report more suited to your requirements.
Get the report (PDF) sent to your email within minutes.
