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

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.