The global demand for the water treatment market stood at US$ 66,094 Mn in 2022 and is slated to increase at a CAGR of 6.8% to reach a valuation of US$ 111,922 Mn by the end of their forecast period.
The historical growth rate of the water treatment system market is 5.5% from 2015 to 2021. The growing emphasis on the importance of fresh water in various industrial and household applications is driving the global adoption of water treatment systems.
Because of the increasing use of water treatment systems and the growing adoption of new technologies for these systems, FMI has identified North America as a key market for water treatment systems. The region’s water treatment systems market is expected to grow at a 5.2% CAGR.
Water scarcity, rising costs of fresh water intake for industrial uses, and rising expenses to treat water are driving the movement toward Zero Liquid Discharge for water treatment systems.
Water treatment systems are reasonably priced to appeal to a wide range of socioeconomic backgrounds. Rising health consciousness is expected to drive market growth in the majority of regions over the forecast period.
The increased demand for clean water for industrial and drinking purposes around the world is one of the main factors driving the growth of the water treatment system market. The expansion of government programs for the provision of clean, purified water, the rate of water pollution caused by industrialization, and the uncontrolled disposal of chemical waste and construction debris all contribute to the market’s growth.
Water treatment is any process that improves the quality of water so that it can be used for a variety of purposes. Water treatment technologies are intended to eliminate the harmful effects of pollutants and naturally occurring substances on human health and the environment.
Increased innovation for water treatment systems to produce minimal wastewater for the industrial sector is a key factor driving the water treatment system market. The water treatment system market is expected to grow at a 6.8% CAGR until 2030.
Several manufacturers of wastewater treatment solutions focus on research & development to make efficient solutions and high-performance technologies for their customers. The U.S. water treatment systems market is expected to register 5.3% CAGR growth in the forecast period.
Key Players:
- SUEZ SA
- Veolia Environment S.A
- Ecolab Inc.
- Xylem Inc.
- Pentair Plc
- Evoqua Water Technologies LLC
- BWT Aktiengesellschaft
- Thermax Global
- Voltas Limited
- VA Tech Wabag Ltd.
- Ion Exchange (India) Ltd.
- METITO Holdings Ltd.
- Aquatech International LLC
- EnviroChemie GmbH
