USD 46.64 Billion
Water Treatment Systems Market Size, Share, Growth Analysis, By Technology(Water Softeners, Filtration Methods [Activated Carbon Filters, Mechanical Filter], Disinfection Methods [Chlorination), By Application(Residential [Single Family Units, Multi Family Homes], Non-Residential), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG55D2017 |
Region:
Global |
Published Date: September, 2024
Pages:
182
|Tables:
92
|Figures:
76
Water Treatment Systems Market Insights
Global Water Treatment Systems Market size was valued at USD 42.86 Billion in 2022 and is poised to grow from USD 46.64 Billion in 2023 to USD 91.58 Billion by 2031, growing at a CAGR of 8.80% during the forecast period (2024-2031).
The rise in demand for products free of viruses and a growing need to reduce contamination drove the rise of this industry globally. The industry is anticipated to increase as a result of factors including increasing water shortages, declining groundwater levels, interruptions in the global supply chain, and various government efforts. Due to the global water supply network interruptions caused by the COVID-19 epidemic, the sector was only moderately affected.
The need for water treatment systems expanded significantly as a result of the water crisis, increased water pollution, and mortality from water-borne illnesses. The main elements projected to contribute to the increase in residential construction are expected to be a growing population, robust economic growth, increased household formations, and cheap borrowing rates. The Environment Protection Agency (EPA) has established criteria for the quality of the drinking water supply through the Safe Drinking Water Act of 1974, and together with its partners, the agency runs a wide range of financial and technical programmers to protect drinking water quality.
The Clean Water Act lays forth the essential guidelines for limiting the discharge of contaminants into waters and enforcing requirements for the cleanliness of surface water. As a result, the U.S. market for water treatment systems will be driven by the increasing emphasis on water quality. Water treatment systems are being used more frequently as a result of rising contamination levels, which is helping the country's industrial growth. To guarantee clean drinking water through public water systems, the EPA is still enforcing administrative orders.
Additionally, the Drinking Water & Wastewater Infrastructure Act of 2021, which will be funded with USD 35 billion, is expected to be announced by the US government in May 2021, opening up new opportunities for this sector.The American government is working on a number of projects to upgrade the nation's infrastructure. For instance, the U.S. Department of Transportation stated in June 2021 that it will invest USD 905.3 million through the discretionary grant programmed Infrastructure for Rebuilding America (INFRA) in infrastructure development projects around the nation. The need for water treatment systems is therefore anticipated to be driven by expanding commercial projects in the nation.
US Water Treatment Systems Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Reverse Osmosis Systems
Fastest Growth
Reverse Osmosis Systems
Growth Rate
8.80% CAGR
Global Water Treatment Systems Market, 2023-2031 ($ Bn)
Country Share for Asia Pacific Region- 2023 (%)
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Water Treatment Systems Market Segmental Analysis
The global water treatment systems market is segmented based on installation, technology, application, and region. Based on technology, the market is segmented into reverse osmosis systems, distillation systems, disinfection methods, filtration methods, water softeners, and others. In terms of application, the market is segmented into residential and non-residential. Based on region, the market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by Application
The residential application segment dominated the global water treatment systems market in 2023. The product demand in the residential segment is anticipated to be driven by rising concerns about new contaminants and the demand for high-quality drinking water. This segment is expected to expand further due to the need for treated drinking water that removes biodegradable organics, pathogenic bacteria, unpleasant smells, tastes, and discoloration. Residential applications represent a significant consumer group within the market. Over the past years, the drinking water quality in developing regions has witnessed high levels of contamination, primarily due to lax cleaning procedures and the percolation of unhealthy constituents into the water table.
Conversely, the non-residential application segment is projected to register the fastest CAGR from 2024 to 2030. The water treatment needs in malls, offices, retail spaces, restaurants, hotels, manufacturing plants, schools, laboratories, and other organizations with high-volume, high-quality water are primarily met by commercial water treatment systems. The probability of water-borne illnesses like cholera and cryptosporidiosis is reduced by access to clean drinking water. Consumer awareness of health issues and the benefits of a healthy lifestyle has increased noticeably with the advent of the information era. Adopting water treatment technologies to prevent the spread of water-borne diseases is a major outcome of this awareness. Thus, growing health consciousness among the young population and society’s upper classes can be linked to the rising adoption of water purification systems.
Global Water Treatment Systems Market By Installation, 2023 (%)
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Water Treatment Systems Market Regional Insights
In 2023, Asia Pacific held the largest market share, accounting for more than 36.00% of worldwide revenue. The rising water pollution in the area is to blame for the growth. Additionally, it is projected that the region's limited access to a supply of clean drinking water will encourage the usage of water treatment technologies over the course of the projection period.
It is anticipated that the construction industry in Europe would rise as a result of the rising demand for housing in urban areas, increased infrastructure development activities, and the quick upgrading and repair of buildings to increase their energy efficiency. The construction of commercial infrastructure, including hotels, offices, restaurants, and recreational facilities, is growing as a result of the area's strong economic expansion. Over the predicted period, the Middle East & Africa is expected to develop steadily. The tourist and hotel industries have experienced tremendous expansion in this region. As a result, it is anticipated that investments in hotels, malls, and restaurants will expand. This will further be anticipated to fuel the regional market for water treatment systems.
Global Water Treatment Systems Market By Geography, 2023-2031
- Largest
- Fastest
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Water Treatment Systems Market Dynamics
Water Treatment Systems Market Drivers
Increasing Demand for Clean Water
- The growing population, urbanization, and industrialization have led to a significant increase in water demand. Water treatment systems are used to remove impurities, contaminants, and pollutants from water, making it safe and suitable for consumption.
Water Treatment Systems Market Restraints
Lack of Awareness
- The lack of awareness about the importance of water treatment systems and their benefits is a major restraint for the market. Many people still believe that tap water is safe to drink without treatment, which limits the adoption of water treatment systems.
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Water Treatment Systems Market Competitive Landscape
The global water treatment systems market is highly competitive in nature, with a large number of players operating in the market. The market is characterized by intense competition, high entry barriers, and the need for continuous innovation and technology development. These companies are focusing on product development, expansion, and mergers and acquisitions to strengthen their market position. They are also investing in research and development to introduce new technologies and products to meet the evolving needs of customers.
Water Treatment Systems Market Top Player’s Company Profiles
- Honeywell International Inc. (US)
- 3M Company (US)
- Danaher Corporation (US)
- Pentair PLC (UK)
- Best Water Technology (BWT) AG (Austria)
- Culligan International (US)
- General Electric (US)
- Watts Water Technologies Inc. (US)
- SUEZ Water Technologies & Solutions (France)
- Veolia Water Technologies (France)
- Evoqua Water Technologies (US)
- Xylem Inc. (US)
- Aquatech International LLC (US)
- Kurita Water Industries Ltd. (Japan)
- Ecolab Inc. (US)
- BASF SE (Germany)
- Bio-Microbics Inc. (US)
- Trojan Technologies Inc. (Canada)
- Lenntech BV (Netherlands)
- Hitachi Ltd. (Japan)
- SFC Environmental Technologies Pvt. Ltd. (India)
Water Treatment Systems Market Recent Developments
- In May 2024, The Algonquins of Pikwakanagan First Nation west of Renfrew, Ont. have announced the start of construction of a new water treatment plant and distribution system. The $80-million project is a partnership between the Algonquins and Indigenous Services Canada. Approximately $73.2 million in funding has been allocated from Indigenous Services Canada with $4.7 million from Infrastructure Canada’s Investing in Canada Infrastructure Program.
- In February 2024, Amway launched its new eSpring Water Purifier with powerful, innovative UV-C LED technology, aimed at strengthening consumer health and boosting sustainability. It can treat up to 1,320 gallons (about 4996.74 L) of water per year. That’s equal to roughly 10,000 single-use plastic water bottles that would otherwise be used once and discarded.
- In January 2024, MIT chemical engineers create a zwitterionic hydrogel system for single-step water treatment with minimal environmental footprint. Zwitterionic molecules are very attractive to water compared to other materials used to make hydrogels or polymers.
Water Treatment Systems Key Market Trends
- Rising demand for sustainable solutions: With the increasing focus on sustainability and environmental protection, there is a growing demand for water treatment systems that are energy-efficient, cost-effective, and environmentally friendly. This trend is driving the development of innovative solutions such as membrane filtration, reverse osmosis, and biological treatment systems.
- Adoption of smart water technologies: The integration of smart technologies such as IoT, AI, and machine learning is enabling water treatment systems to become more efficient, reliable, and automated. This trend is expected to accelerate in the coming years, as companies seek to optimize their operations and reduce costs.
- Increasing use of decentralized water treatment systems: Decentralized water treatment systems are gaining popularity as an alternative to traditional centralized systems, as they offer greater flexibility, lower costs, and higher reliability. This trend is particularly relevant in rural and remote areas, where access to clean water is limited.
- Growing demand for industrial water treatment systems: The industrial sector is a major consumer of water, and there is a growing demand for water treatment systems that can treat large volumes of water efficiently and cost-effectively. This trend is driving the development of solutions such as ultrafiltration, ion exchange, and electrochemical treatment systems.
Water Treatment Systems Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global water treatment systems market analysis, we found that the Water Treatment Systems market is Rising demand for products free of viruses and a growing need to reduce contamination drove the rise of this industry globally. The industry is anticipated to increase as a result of factors including increasing water shortages, declining groundwater levels, interruptions in the global supply chain, and various government efforts.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 42.86 Billion |
| Market size value in 2031 | USD 91.58 Billion |
| Growth Rate | 8.80% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Water Treatment Systems Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Water Treatment Systems Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Water Treatment Systems Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Water Treatment Systems Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Water Treatment Systems Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Water Treatment Systems Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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