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 demand for water for power generation is anticipated to increase, as is the demand for clean water for municipal applications. Water resource management is once again receiving attention as a result of increased sustainability awareness brought on by the COVID-19 epidemic. Additionally, it is anticipated that over the course of the projected period, demand for water and wastewater treatment equipment will increase due to the expanding infrastructure building programmers launched as part of the economic stimulus to recover from the pandemic's downturn.

The adoption of varied disposal techniques and practices is the outcome of growing global awareness of the importance of waste disposal for animal and human health. Waste management companies are required to dispose of or recycle waste on time because there are a lot of dangerous materials in the trash, like metals and salts.

Equipment for water treatment is used in downstream processing in the refining industry to save utility costs and make water available for captive energy production. Furthermore, major oil and gas refining economies are installing more and more water treatment facilities and machinery, mainly in the Middle East and Asia Pacific, which is boosting market growth.

The water and wastewater treatment equipment market is anticipated to grow significantly during the forecast period as a result of the strict rules that certain countries have put in place regarding wastewater emission. Important governmental agencies, like the European Environment Agency (EEA) and the United States Environmental Protection Agency (EPA), are actively working to improve water quality and avoid water pollution.

A number of firms are establishing their manufacturing and distribution facilities all over the world as the water and wastewater treatment equipment sector experiences growth on a worldwide scale. The market is characterized by intense rivalry as a result of numerous new companies entering the market and ongoing investigation of new prospects by the established players to manufacture better and more inventive equipment.

US Water and Wastewater Treatment Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.