Water and Wastewater Treatment Equipment Market Size, Share, Growth Analysis, By Product Type(Filtration (Granular/Sand Filtration, Reverse Osmosis (Ro), Microfiltration (Mf), Other Types)), By End-User(Municipal (Residential, Commercial), Industrial (Oil & Gas, Pulp & Paper), By Process(Primary Treatment, Secondary Treatment, Tertiary Treatment), By Region - Industry Forecast 2024-2031

Global Water and Wastewater Treatment Equipment Market size was valued at USD 65.6 billion in 2022 and is poised to grow from USD 68.7 billion in 2023 to USD 87.7 billion by 2031, growing at a CAGR of 5% during the forecast period (2024-2031).

The global water and wastewater treatment equipment market is highly fragmented in nature, with a large number of players operating in the market. The market is characterized by the presence of several established players, as well as many emerging players, which are competing on the basis of product innovation, quality, and price. These companies are involved in various strategies such as mergers and acquisitions, partnerships, collaborations, and new product launches to enhance their market position and expand their customer base. Some of the key strategies adopted by these players include investing in R&D activities, expanding their product portfolio, and expanding their geographical reach through strategic partnerships and collaborations. 'Dow Inc. (US) ', 'Pentair plc (UK) ', 'Ecolab Inc. (US) ', 'Veolia Environnement S.A. (France) ', 'Xylem Inc. (US) ', 'SPEC Ltd. (India) ', 'Thermax Limited (India) ', 'Kurita Water Industries Ltd. (Japan) ', '3M Company (US) ', 'Ashland Global Holdings Inc. (US) ', 'Adroit Associates Pvt. Ltd. (India) ', 'Doosan Heavy Industries & Construction Co. Ltd. (South Korea) ', 'IDE Technologies Ltd. (Israel) ', 'Lenntech B.V. (Netherlands) ', 'Siemens AG (Germany) ', 'Solenis LLC (US) ', 'W. L. Gore & Associates, Inc. (US) ', 'Alfa Laval AB (Sweden) ', 'Hidrostal AG (Switzerland) ', 'H2O Innovation Inc. (Canada) ', 'Aquatech International LLC (US) ', 'Nalco Water (an Ecolab Company) (US) ', 'Metawater Co., Ltd. (Japan) ', 'JCB (UK)'

With the growing global population and urbanization, there is an increasing demand for clean water for drinking, sanitation, and industrial purposes. This trend is driving the demand for water and wastewater treatment equipment to ensure a sustainable and reliable supply of clean water.

Growing demand for water treatment solutions: The increasing demand for clean and safe water, coupled with the growing awareness about the importance of water conservation and sustainability, is driving the demand for water and wastewater treatment equipment. Governments and regulatory bodies across the world are also focusing on improving water quality standards, which is further fueling the growth of the market.

In 2023, Asia Pacific held an approximate 35.1% of the global sales revenue. Due to easy access to raw materials and the high penetration of nitrogenous fertilizer production facilities in Australia, China, and India, the demand for secondary treatment techniques is anticipated to rise significantly over the projection period.