Water Treatment Equipment Market Size, Share, Growth Analysis, By End-use(Industrial and Municipal), By Type(Process equipment, mud treatment, filtration systems & media, disinfection), By Region - Industry Forecast 2024-2031

Water Treatment Equipment Market size was valued at USD 51.13 billion in 2021 and is poised to grow from USD 54.1 billion in 2022 to USD 84.93 billion by 2030, at a CAGR of 5.8% during the forecast period (2023-2030).

The competitive landscape of the water treatment equipment market is highly fragmented and characterized by intense competition among various players. The market encompasses a wide range of equipment and technology providers, ranging from established multinational corporations to smaller regional players. Key strategies employed by market participants include research and development activities to enhance product offerings, strategic partnerships and collaborations to expand their market presence, and mergers and acquisitions to gain a competitive edge. Additionally, players focus on technological advancements, such as the integration of automation and smart monitoring systems, to improve the efficiency, reliability, and cost-effectiveness of water treatment processes. With increasing emphasis on sustainable and eco-friendly solutions, market players are also investing in the development of innovative and energy-efficient water treatment equipment to meet the evolving demands of industries and municipalities worldwide. 'Pentair (US)', 'General Electric (US)', 'Suez (France)', 'Calgon Carbon Corporation (US)', 'Veolia (France)', 'Culligan Water (US)', 'Lenntech B.V. (Netherlands)', 'Hydranautics (US)', 'Xylem (US)', 'Ecolab (US)', 'Aquatech International LLC (US)', 'Kurita Water Industries Ltd. (Japan)', 'Danaher Corporation (US)', 'Evoqua Water Technologies LLC (US)', 'Hitachi, Ltd. (Japan)', 'Trojan Technologies (Canada)', 'Pall Corporation (US)', 'SUEZ Water Technologies & Solutions (US)', 'Dow Water & Process Solutions (US)', 'Ashland Holdings Inc. (US)'

One key driver of the water treatment equipment market is the increasing awareness and concerns about water scarcity and pollution. Growing population, industrialization, and urbanization have put immense pressure on water resources, leading to a greater focus on efficient water treatment and management. Governments, industries, and communities are recognizing the importance of clean and safe water and are actively investing in water treatment equipment to ensure sustainable water supply and minimize environmental impacts.

Shift towards smart and connected technologies: One key market trend in the water treatment equipment market is the growing adoption of smart and connected technologies. Water treatment equipment manufacturers are increasingly incorporating advanced digital solutions, automation, and remote monitoring capabilities into their products. This trend allows for real-time monitoring, data analysis, and optimization of water treatment processes, resulting in improved operational efficiency, cost-effectiveness, and sustainability. The integration of smart technologies enables predictive maintenance, proactive troubleshooting, and enhanced control over water treatment systems, providing better reliability and performance. Additionally, these smart and connected solutions enable efficient data management and decision-making, supporting the shift towards intelligent and data-driven water management practices.

North America dominated the water treatment equipment market. North America has a well-established water treatment infrastructure and stringent regulatory frameworks that emphasize water quality standards. The region's dominant position is driven by the presence of a mature industrial sector, including manufacturing, power generation, and oil and gas industries, which require efficient water treatment solutions to meet regulatory compliance and ensure sustainable operations. Additionally, the high awareness among consumers about clean water and the adoption of advanced technologies contribute to North America's dominance in the market.