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The water treatment equipment market in power industry size is estimated to grow at a CAGR of 3.7% between 2022 and 2027. The market size is forecast to increase by USD 1,344.16 million. The growth of the market depends on several factors, such as the increasing power demand, the rising industrialization, and the rising water scarcity and availability. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.
This report extensively covers market segmentation by type (membrane separation, demineralization, ozonation, and disinfection and others), application (raw water treatment and wastewater treatment), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges.
Water Treatment Equipment Market in Power Industry Market Forecast 2023-2027
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Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
The power industry's growing demand for electricity requires the expansion of power generation capacity, which in turn requires water treatment equipment to handle the larger volumes of water needed for cooling, steam generation, and other processes. Efficient treatment processes enable the safe reuse of water for various plant functions. Power plants generate wastewater that may contain pollutants and harmful chemicals, and water treatment equipment removes contaminants from wastewater, ensuring that discharges meet environmental standards and do not harm aquatic ecosystems.
In addition, as the power demand increases, reliable operations become more crucial. Effective water treatment equipment supports power plants to be prepared for emergencies and unexpected shutdowns by maintaining water quality and availability. Thus, the rising power demand will contribute to the growth of water treatment equipment in the power industry during the forecast period.
Trends - Emergence of advanced monitoring and automation
Advanced monitoring and automation technologies are transforming the water treatment equipment landscape in the power industry. These technologies provide real-time insights, data-driven decision-making, and enhanced operational efficiency, revolutionizing how power plants manage their water treatment processes. Automation technologies help power plants optimize energy usage within water treatment processes, including adjusting pumping rates, optimizing chemical dosing, and utilizing energy-efficient equipment, leading to energy savings. Advanced sensors and monitoring systems allow power plants to monitor key water quality parameters continuously.
Moreover, the integration of automation technologies and advanced monitoring in water treatment equipment offers power plants a more efficient, effective, and sustainable way to manage their water resources. Such technologies improve operational performance, lower costs, and contribute to overall environmental responsibility, which will drive the market growth during the forecast period.
In the power industry, the operational complexity associated with water treatment equipment refers to the intricacies and challenges involved in integrating, managing, and optimizing these systems within power plants. Such complexity arises owing to the need to balance water treatment processes with power generation requirements, regulatory compliance, environmental considerations, and overall plant efficiency. Water treatment equipment is required to be seamlessly integrated with power plant operations to guarantee that the treatment processes do not disrupt power generation. Accomplishing such integration requires careful engineering and coordination, and constant monitoring of water treatment systems to assure proper performance.
Moreover, the early detection of issues and performing regular maintenance are critical to prevent downtime and system failures. Consequently, the complexity of integrating water treatment equipment within power plant operations underscores the significance of thorough engineering, skilled personnel, effective training, and robust automation and control systems, which may hinder the growth of water treatment equipment in the power industry during the forecast period.
The market share growth by the membrane separation segment will be significant during the forecast period. Membrane separation refers to a technology used in the power industry to separate and purify different components of fluids or gases using semi-permeable membranes. Such membranes enable certain molecules or particles to pass through while blocking others based on their size, charge, and solubility.
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The membrane separation segment was valued at USD 2,670.57 million in 2017. Membrane separation plays a vital role in producing fresh water for industrial processes and power plant cooling by desalinating seawater or brackish water. This process is accomplished mainly through reverse osmosis (RO). Additionally, membrane separation processes like ultrafiltration and microfiltration are used to treat wastewater from industries, cooling tower blowdowns, and other water sources to meet environmental regulations and reduce water consumption. Membrane separation provides high levels of separation efficiency and purity, ensuring that the separated components meet stringent quality requirements. Therefore, it is a versatile technology that offers many benefits to the power industry, contributing to cleaner operations, reduced environmental impact, and enhanced resource efficiency. This, in turn, will promote the growth of the membrane separation segment and propel the global water treatment equipment market in the power industry during the forecast period.
Based on application, the market has been segmented into raw water treatment and wastewater treatment. The raw water treatment segment will account for the largest share of this segment.? In the power industry, raw water treatment is a crucial process that involves the purification and conditioning of water obtained from natural sources such as rivers, lakes, or groundwater. In addition, depending on the quality of the raw water and specific plant needs, advanced treatment methods, such as membrane filtration, ion exchange, and activated carbon adsorption, may be employed. However, poorly treated water can lead to scaling, corrosion, reduced heat transfer efficiency, and increased operational costs. Therefore, effective raw water treatment contributes to the safe and efficient operation of power plants while lowering environmental impact and, in turn, drives the growth of the raw water treatment segment and, in turn, drives the global water treatment equipment market in the power industry during the forecast period.
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APAC is estimated to contribute 45% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. In APAC, the water treatment equipment market in the power industry is expected to grow. Multiple regions within the region face water scarcity and water quality issues.
However, power plants need a consistent supply of water for cooling and other processes. The demand for advanced water treatment equipment increases to ensure a reliable and sustainable water source as water scarcity and pollution concerns rise. As new facilities are built or existing ones are upgraded, water treatment equipment is a crucial component of the overall infrastructure. Governments and private sectors in the APAC region are investing in infrastructure development, including power generation. Such factors are expected to drive the market in the region during the forecast period.
In 2020, the COVID-19 pandemic had a negative impact on the market, mainly due to the closure of several manufacturing plants across the region. However, the launch of large-scale vaccination campaigns led to the lifting of lockdown restrictions in 2021. This leads to the reopening of the manufacturing units of structural components such as frames, tanks, and vessels, and mechanical components such as pumps and drives required by the water treatment equipment market in power industry in the region to operate on a full scale. This augments the overall sales and distribution of water treatment equipment, thus driving the growth of the regional market during the forecast period.
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 water treatment equipment in the power industry such as 3M Fully Automatic Water Softener.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
3M Co., Aquatech International LLC, Black and Veatch Holding Co., Culligan International Co., Danaher Corp., Dow Chemical Co., DuPont de Nemours Inc., Ecolab Inc., Fluence Corp. Ltd., General Electric Co., Graver Technologies LLC, KURARAY Co. Ltd., Lenntech BV, Nitto Denko Corp., Nomura Micro Science Co. Ltd., Pentair Plc, SKion Water GmbH, SUEZ SA, Veolia Environnement SA, and Xylem Inc.
Technavio report provides 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.
The water treatment equipment market in the power industry 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.
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Water Treatment Equipment Market In Power Industry Market Scope |
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Report Coverage |
Details |
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Page number |
162 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.7% |
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Market growth 2023-2027 |
USD 1,344.16 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
3.43 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 45% |
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Key countries |
US, China, India, Japan, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
3M Co., Aquatech International LLC, Black and Veatch Holding Co., Culligan International Co., Danaher Corp., Dow Chemical Co., DuPont de Nemours Inc., Ecolab Inc., Fluence Corp. Ltd., General Electric Co., Graver Technologies LLC, KURARAY Co. Ltd., Lenntech BV, Nitto Denko Corp., Nomura Micro Science Co. Ltd., Pentair Plc, SKion Water GmbH, SUEZ SA, Veolia Environnement SA, and Xylem Inc. |
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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, and Market condition analysis for the forecast period. |
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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. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
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
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