Global Water and Wastewater Treatment Equipment Market To Exceed USD 107.5 Billion By 2033 | CAGR of 5.24%
Category: Machinery & EquipmentGlobal Water and Wastewater Treatment Equipment Market To Exceed USD 107.5 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Water and Wastewater Treatment Equipment Market Size is to Grow from USD 64.5 Billion in 2023 to USD 107.5 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 5.24% during the projected period.
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Browse key industry insights spread across 200 pages with 110 Market data tables and figures & charts from the report on the "Global Water and Wastewater Treatment Equipment Market Size, Share, and COVID-19 Impact Analysis, By Process (Primary, Secondary, and Tertiary Treatment), By Application (Municipal and Industrial), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/water-and-wastewater-treatment-equipment-market
Water and wastewater treatment is a crucial process that involves the purification of wastewater generated from homes, industries, and commercial establishments. The equipment used for water and wastewater treatment removes contaminants from the water to make it safe for reuse or discharge back into the environment and improves the water quality. Different types of equipment are available to address different levels of contamination in the water. Ultrafiltration systems, Vacuum evaporation and distillation, reverse osmosis systems, and tramp oil are used in the industrial sector. The rising population, urbanization, technological advancements, and infrastructure expansion lead to an increasing demand for fresh and processed water resulting in rising market demand for water and wastewater treatment equipment. The rising demand for the upgradation of water treatment infrastructure due to the implementation of stringent standards for water quality and discharge is also driving the market growth. Further, the rising demand for energy fuels is also driving the market of water and wastewater treatment equipment in the refining sector. On the contrary, the growing financial burden of implementing advanced and costly water treatment technologies to fulfill stringent regulations in small-scale industries or regions with limited financial resources restrains market growth.
The tertiary treatment segment is anticipated to grow at the fastest CAGR during the forecast period.
Based on process, the global water and wastewater treatment equipment market is segmented into primary, secondary, and tertiary treatment. Among these, the tertiary treatment segment is anticipated to grow at the fastest CAGR during the forecast period. The incorporation of advanced treatment methods such as filtration, disinfection, and nutrient removal in the tertiary treatment of water leads to enhanced market growth. Further, the technological advancement in membrane filtration and UV disinfection has increased the use of tertiary treatment equipment. Additionally, the growing awareness about the environmental effects of untreated wastewater urges the market demand in the tertiary segment.
The municipal segment dominates the market with the largest revenue share through the forecast period.Based on application, the global water and wastewater treatment equipment market is segmented into municipal and industrial. Among these, the municipal segment is dominating the market with the largest revenue share through the forecast period. The rapid urbanization and rising population intensifies the need for municipal increasing the demand for water services. Further, the growing community awareness about clean water and water management practices surges the market demand for global water and wastewater treatment equipment in the municipal segment.
Asia-Pacific dominates the market with the largest market share over the forecast period.
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Asia-Pacific dominates the market with the largest market share over the forecast period. The rising awareness about the significance of water conservation and environmental protection in the region leads to the enhancement of the market. The presence of a large number of established and emerging players such as Huber SE, SUEZ SA, Veolia Water Solutions and Technologies, Kurita Water Industries Ltd., Thermax Limited, and SWA Water Australia is also contributing to the market growth. Further, manufacturing, energy production, agriculture, and municipal services surging the market demand. The introduction of advanced treatment technologies and equipment for enhancing water quality and sustainable water management practices is expected to drive market growth in the region.
Europe region is expected to grow the fastest during the forecast period. The region's strict regulations, including the drinking water directive, Urban Wastewater Treatment Directive (UWWTD), and Water Framework Directive (WFD), led to a rise the investments in water and wastewater treatment equipment. The high concentration of dairy producers in England will encourage an increase in water and wastewater treatment expenditure. Further, improvements in the UK's automotive industry following the Eurozone Crisis are enhancing the market demand for water and wastewater treatment equipment in the region.
Major vendors in the global water and wastewater treatment equipment market are Xylem, Inc., Aquatech International LLC, Veolia Group, Ecolab Inc., Ovivo, Parkson Corporation, DuPont, Pentair plc., Evonik Industries AG, Evoqua Water Technologies LLC, Koch Membrane Systems, Inc, Toshiba Water Solutions Private Limited, Samco Technologies, Inc., Calgon Carbon Corporation, WPL Limited, Lenntech B.V., and Other Key Players.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In November 2023, Veolia and Vendée Eau inaugurated France's first unit for reusing treated wastewater to produce drinking water as part of the Jourdain program. This solution will provide an additional resource of 1.5 million m3 of drinking water to the Vendée over the period from May to October, during periods of increased water shortage.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global water and wastewater treatment equipment market based on the below-mentioned segments:
Global Water and Wastewater Treatment Equipment Market, Process Analysis
- Primary Treatment
- Secondary Treatment
- Tertiary Treatment
Global Water and Wastewater Treatment Equipment Market, Application Analysis
- Municipal
- Industrial
Global Water and Wastewater Treatment Equipment Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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