The global water and wastewater treatment equipment market size was US$ 61.5 billion in 2021. The global water and wastewater treatment equipment market is forecast to grow to US$ 86.1 billion by 2030, registering a compound annual growth rate (CAGR) of 5.6% during the study period from 2022 to 2030.
Factors Influencing the Market
- The increasing threat of water crisis globally is fueling the growth of the global water and wastewater treatment equipment market. UNICEF estimates that around four billion people witness extreme water scarcity for a minimum of one month each year. In addition, about half of the world's population is forecast to witness water scarcity in their areas by 2025.
- The growing world population is forecast to benefit the global water and wastewater treatment equipment market. The need for clean water for drinking, cooking and other industrial reasons is growing with the growing population. Thus, it is another major factor driving the growth of the water and wastewater treatment equipment market.
- Increasing initiatives from authorities are forecast to accelerate the growth of the global water and wastewater treatment equipment market. Governments of various APAC countries are focusing on controlling the impending water problems. Thus, governments have introduced stringent regulations focused on controlling water usage and accelerating water treatment.
- Increasing industrialization and rising residential area are forecast to prompt the growth of the global water and wastewater treatment equipment market.
- The advancements in the existing wastewater infrastructure are forecast to benefit the global water and wastewater treatment equipment market.
- High operational and maintenance costs may hamper the growth of the global water and wastewater treatment equipment market.
Regional Analysis
On the basis of region, the Asia-Pacific water and wastewater treatment equipment market will grow at the highest CAGR. The growth of the regional market is attributed to the increasing number of private and government funding. In addition, rapidly increasing manufacturing activities are forecast to accelerate the growth of the market. Furthermore, the rising residential sector of the region will increase the demand for equipment in municipal wastewater treatment plants.
Covid-19 Impact Analysis
The COVID-19 epidemic has had a detrimental impact on the world economy. As a result, it also negatively impacted the global water and wastewater treatment equipment industry. The pandemic hampered the manufacturing activities for several months. In addition, it also affected the investment rates in the water business. Numerous firms abandoned their regular production activity, which hampered market growth. Thus, the global water and wastewater treatment equipment market witnessed significant challenges during the pandemic.
Competitors in The Market
- GE Water & Process Technologies
- Aquatech International Corporation
- Veolia Water Technologies
- WPL Limited
- Fluence Corporation Limited
- Napier Reid Ltd.
- Calgon Carbon Corporation
- Xylem Inc.
- Kemira Oyj
- Other Prominent Players
Market Segmentation
The global water and wastewater treatment equipment market segments are based on Equipment, Application, and Region.
By Equipment
- Membrane Separation
- Biological
- Disinfection
- Sludge Treatment
- Other
By Application
On the basis of Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
