Global Water and Wastewater Treatment Equipment Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, Australia, Germany, Russia - Size and Forecast 2024-2028

Water and Wastewater Treatment Equipment Market Size 2024-2028

The water and wastewater treatment equipment market size is forecast to increase by USD 20.90 billion, at a CAGR of 5.62% between 2023 and 2028. The increasing global apprehensions about water scarcity, driven by factors such as population growth, urbanization, and climate change, are driving market growth by increasing the demand for water treatment solutions to conserve and manage water resources. The rising demand for industrial water, driven by industrialization and economic growth, is also boosting market expansion by creating a demand for water treatment solutions to meet industrial water needs. Additionally, the growing preference for improved water quality and pollution prevention, driven by environmental concerns and regulations, is driving the adoption of technologies and driving market growth. Overall, these factors are driving the growth of the water treatment market and driving innovations in water treatment solutions and technologies. Our report examines historical data from 2018 - 2022, besides analyzing the current and forecasted market scenario.

Market Forecasting and Size

Market Forecast 2024-2028

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Market Segmentation

By Application 

The municipal segment is estimated to witness significant growth during the forecast period. The municipal segment comprises end-users including wastewater plants and drinking water suppliers. In addition, in this segment, the equipment is used to disinfect municipal water that is supplied to households. Furthermore, such equipment is also used for treating municipal effluents and restoring water bodies.

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The municipal segment was the largest segment and was valued at USD 36.32 billion in 2018. Moreover, the volume of water treated in municipal applications is huge, and the demand for equipment is perennial. In addition, the primary focus of purification in this context is to eliminate contaminants and make it fit for basic use. Furthermore, the market for the equipment for municipality applications is expected to grow because of the increase in the need for clean and pure water and sludge dewatering in sewage purification plants. In addition, a rapid rise in urbanization has increased the demand for water and sewage purification equipment in major cities across the world. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.

By Type 

Based on the type, the market has been segmented into primary treatment, secondary treatment, and tertiary treatment. The primary treatment segment will account for the largest share of this segment. This is a key step in both water and wastewater purification processes. In addition, it comprises the initial removal of solid and organic materials from the water or wastewater before proceeding to secondary and tertiary purification steps. Moreover, the primary purification process primarily focuses on physical separation methods to reduce the pollutant load and improve the quality. Furthermore, in the global market, primary purification equipment includes various devices and systems designed to perform the initial separation tasks. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.

By Region

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APAC is estimated to contribute 43% to the growth by 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. APAC holds the largest share of the global population, mainly contributed by China. In addition, this is increasing the pressure on various natural resources, such as water, which is becoming a scarce resource. Moreover, with the growing scarcity, regional governments in APAC are making the regulatory framework more stringent to promote the proper use and avail themselves of the benefits of wastewater purification. In addition, the Environmental Protection Law of the People's Republic of China, the Water Resources Law, and the Water Pollution Prevention and Control Law are some of the laws imposed by regional governments. Furthermore, governments are taking various initiatives to increase the number of purification plants and create awareness about water and wastewater. Hence, such factors are driving the market growth in APAC during the forecast period.

Market Dynamics

The market is vital for addressing municipal and industrial water treatment needs. With various product types available, such as those for water treatment, wastewater treatment, and saline water treatment, the market is essential for maintaining quality. The increasing focus on reuse due to deteriorating water resources is driving market growth, particularly in developing areas. Industrialization and urbanization have led to stringent environmental regulations, necessitating advanced waste and wastewater management solutions. Technologies like activated sludge treatment, and membrane filtration are increasingly adopted, supported by ongoing research and development activities. Ensuring clean water is crucial for health, as contaminated water can lead to various disorders, making the market critical for both health and environmental preservation. 

Key Market Driver - Growing demand in water bodies

The escalating industrialization levels globally are fueling the demand for water for various industrial purposes, propelling the growth of the global market. As industrial use ranks as the second-largest water-intensive activity after residential use, companies are compelled to seek alternatives for efficient water consumption. This includes implementing water and wastewater treatment systems. Companies are also increasingly focused on using these Equipment and Systems to optimize their usage. Additionally, the shift towards more health-conscious consumers is influencing companies to prioritize sustainable management practices.

With increased industrial outputs due to globalization and industrial growth, the demand for water in activities like fabricating, processing, washing, diluting, and cooling has risen. In addition, increased environmental pollution has fuelled stringent environmental regulations which have promoted waste and waste water management in several urban and industrial areas. Industrial water withdrawal constitutes 19% of the total, varying across regions, such as 5% in Sub-Saharan Africa, 50% in North America and Northern Europe, and up to 65% in Western, Central, and Eastern Europe. Hence, such factors are driving the market growth during the forecast period.

Significant Market Trends - Growing use of advanced and intelligent technologies 

Technological advances are revolutionizing the landscape. In addition, intelligent technologies such as automation, the IoT, and Industry 4.0 have reduced human interventions, which are bringing energy benefits and better asset management capabilities. Furthermore, these technologies are being deployed at different stages of water purification, making the related equipment more efficient.

For instance, the pump technology utilized in water purification is becoming smarter and supports increased efficiency and enhanced lifecycle costs. In addition, the deployment of IoT technologies, Industry 4.0, and pump technology will increase operational efficiency, bring a higher return on investment (ROI) for manufacturers, and widen the application scope of water and wastewater purification. Hence, such factors are driving the market growth during the forecast period.

Major Market Challenge - Operational and technical challenges associated with water and wastewater treatment equipment

Energy consumption is one of the major expenses related to operating a water and wastewater treatment plant. In addition, this is estimated to consume approximately 60 terawatt-hours (TWh) per year. Furthermore, in municipal wastewater purification, around 50%-60% of energy consumption is by biological purification, which is the largest proportion of the overall energy consumption of a plant.

Moreover, apart from equipment-related operational challenges, wastewater purification facilities need adequately trained and certified individuals, which further adds to the labor cost. In addition, the lack of availability of such skilled workers can adversely affect the smooth functioning of wastewater purification facilities. Furthermore, purification plants and facilities leave behind some residues such as sludge, during the physical, chemical, and biological purification processes. Hence, such factors are hindering the market growth during the forecast period.

Who are the Major Market Companies?

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.

Aries Chemical Inc: The company offers water and wastewater treatment equipment such as Dissolved Air Flotation Clarifier, Inclined Plate Clarifier, Gravity Clarifier, Filter Press, Rotary Drum Vacuum Filter, Tanks, and more.

We also have detailed analyses of the market’s competitive landscape and offer information on 15 market companies, including:

Axon Group, Cortec Corp., DeZURIK Inc., Evoqua Water Technologies LLC, Fluence Corp. Ltd., Ingersoll Rand Inc., KURARAY Co. Ltd., Metito Group, Ringwood Environmental Inc., Samco Technologies Inc., Sulzer Ltd., Thermax Ltd., WABAG Group, Xylem Inc., SUEZ SA, Veolia Environnement Group, and WOG Group

Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.

• Application Outlook 
  • Municipal
  • Industrial
• Type Outlook 
  • Primary treatment
  • Secondary treatment
  • Tertiary treatment
• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile
    • Argentina
    • Brazil
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

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Market Analyst Overview

The market is driven by factors such as the need to address aging water infrastructure and scarcity of drinking water. With a focus on sustainability, there's a push towards membrane-based water treatment equipment and ultraviolet disinfection technologies to improve water treatment infrastructure. The market also sees growth due to rapid urbanization and emerging economies requiring infrastructure expansion and installation and upgradation of water systems. Additionally, Federal support and rising disposable income contribute to investment in drinking water systems and industrial wastewater treatment to mitigate environmental effects and ensure access to potable water.

Further, the aging water infrastructure globally poses challenges for providing clean drinking water. To address this, there's a focus on biological treatment technology and chemical treatment, including chlorine gas. Disinfection technologies like ozonation and ultraviolet disinfection are gaining traction. Desalination equipment is vital in areas facing physical water scarcity. The market emphasizes sustainability and innovative packaging to reduce plastic waste from items like PET bottles. Technological advancements, including membrane-based water treatment equipment and UV equipment, are improving water and energy sustainability. Despite challenges, rising consumer health consciousness and government support drive improvements in drinking water services and wastewater projects.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2023 and 2028
• Precise estimation of the market growth and trends and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Market growth and forecasting across APAC, North America, Europe, Middle East and Africa, and South America
• A thorough market analysis and report of the market’s competitive landscape and detailed information about companies
• Comprehensive market report analysis of factors that will challenge the growth of market  companies

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