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The municipal water and wastewater treatment equipment market share is expected to increase by USD 12.30 billion from 2023 to 2028, and the market's growth momentum will accelerate at a CAGR of 5.34%. The market is experiencing significant expansion due to several key factors. First, the increasing demand for reclaimed water for various uses, such as irrigation and industrial processes, is driving market growth. Second, the trend towards decentralized water and wastewater treatment systems, which offer cost savings and improved efficiency, is gaining momentum. Additionally, the importance of monitoring the quality of municipal water and wastewater to ensure public health and safety is leading to increased investment in advanced treatment technologies. Key players in this market include companies specializing in membrane filtration, UV disinfection, and other innovative treatment solutions.
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The market is witnessing significant growth propelled by the escalating concerns surrounding water scarcity and the imperative need for sustainable water management solutions. With rapid industrialization and urbanization, the demand for efficient water treatment equipment has surged. Regulatory pressures and environmental mandates have further intensified the adoption of advanced technologies in wastewater management. The market landscape depends on the water consumption, Freshwater sources, Stringent regulation, enhanced public, processed water, energy fuels. Smart water solutions are gaining traction, offering innovative approaches for water conservation and recycling. Key components of municipal water and wastewater treatment systems include activated sludge processes, primary clarifiers, and dissolved air flotation units, ensuring reduced environmental impact and enhanced water quality. The market is witnessing a shift towards energy-efficient equipment and processes, aligning with sustainability goals and reducing operational costs. Stringent regulations necessitate the implementation of robust wastewater management solutions, driving the adoption of advanced treatment equipment in municipalities worldwide.
One of the key factors driving the global market growth is the growing demand for reclaimed water. The rise in population at a considerable rate has led to the growth in pressure on natural water resources. In addition, the growing demand for organic foods and naturally grown grains is leading to the requirement of a large volume of water for irrigation.
Furthermore, about 30% of Europe's population is affected by water stress during an average year. A European Environment Agency (EEA) assessment, published in October 2021, presents the current state of water stress in Europe with the aim to focus on managing water availability risks under the impacts of climate change. Thus, municipalities are focusing on investing in water treatment technologies for treating wastewater and effluents to meet the demand, which accelerates the growth of the market during the forecast period.
Introduction of advanced membrane technologies is one of the key market trends that is expected to impact the industry positively in the forecast period. Membrane water treatment technology has become popular and affordable over the last three decades. These technologies are used for ultra-purification of the water. Based on the pore sizes, the technology is classified into ultrafiltration membrane (UF), microfiltration membrane (MF), reverse osmosis membrane (RO), and nanofiltration membrane (NF).
Moreover, the fabricated nanoporous membranes are used for removing various water pollutants, including metallic ions, salt, nanoparticles, biological substrates, and organic chemicals. For instance, DuPont announced that its FilmTec membranes had been selected by IDE Water Technologies to provide seawater reverse osmosis (SWRO) filtration for the Sorek B desalination plant in Israel. Hence, these types of developments will support the growth of the market during the forecast period.
One of the key challenges to the global market growth is the infrastructure requirement for water treatment. In municipal wastewater treatment, the major proportion of energy is used in biological treatment, generally in the range of half of the plant's usage. Unproductive wastewater treatment operations result in unnecessary energy consumption, harmful greenhouse gas emissions, and high operating costs related to electricity generation.
Moreover, water treatment requires huge capital investments, as it includes civil construction, equipment installations, backup options, and contractor-associated cost. However, the supply of clean water and maintenance of sanitation and hygiene is one of the crucial parts of municipal operations. Therefore, the lack of infrastructure will impact the operations of municipal water treatment plants adversely and also affects public health. Such factors will limit the market growth during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market companies, including:
This statistical study of the market encompasses successful business strategies deployed by the key companies. The market is fragmented and the companies are deploying organic and inorganic growth strategies to compete in the market.
The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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The market share growth by the wastewater treatment segment will be significant during the forecast period. As the wastewater contains various dissolved toxin oxides and hazardous elements, it needs to be treated for use in residential and industrial purposes. Hence, these requirements will accelerate market growth during the forecast years.
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The market is witnessing significant growth owing to several key factors. With the global population on the rise, there's a pressing need for efficient water management strategies. This demand is driving the adoption of advanced technologies like IoT sensors and automation systems, facilitating data analysis and optimizing water distribution. Stringent regulatory measures aimed at environmental protection are also propelling market growth. Municipalities are increasingly investing in wastewater treatment equipment to comply with these regulations and enhance water quality.
The emergence of smart water technologies and digitalization is revolutionizing the industry, enabling more efficient treatment processes and improving resilience against water pollution. Additionally, economic development initiatives are further driving market expansion, particularly in urban areas where water distribution systems are under strain. In terms of equipment, innovations such as oil-water separators, tertiary treatment systems, and disinfection technologies are gaining traction for their effectiveness in addressing water pollution challenges. Furthermore, ongoing product developments and geographical expansions by key players are shaping the competitive landscape of the market, promising a more sustainable future for municipal water and wastewater treatment.
Market Scope |
|
Report Coverage |
Details |
Page number |
169 |
Base year |
2023 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.34% |
Market growth 2024-2028 |
USD 12.30 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.72 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 45% |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., Alfa Laval AB, American Water Works Co. Inc., Aquatech International LLC, Cogent Co., Culligan International Co., DuPont de Nemours Inc., Ecolab Inc., Ecologix Environmental Systems LLC, Fluence Corp. Ltd., General Electric Co., MAT FILTRATION TECHNOLOGIES, Ovivo Inc., Pentair Plc, SUEZ SA, Thermax Ltd., Toray Industries Inc., TRIDENT TNZ LLC, VA TECH WABAG LTD., Veolia Environnement SA, Veralto Corp., and Xylem Inc. |
Market dynamics |
Parent market analysis, market growth analysis, market research and growth, market research report, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, 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. |
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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 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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