Global Water and Wastewater Treatment Equipment Market Growth, Industry Analysis, Business Opportunities and Latest Innovations
The water and wastewater treatment equipment market is rising pervasively. The market growth attributes to the rapidly spreading awareness for clean and drinkable water. Besides, increasing technological advances drive the growth of the market, improving wastewater management solutions and water treatment equipment manufacturing techniques. Moreover, stringent government wastewater management regulations and increasing urbanization escalate market growth.
According to Market Research Future (MRFR), the global water and wastewater treatment equipment market is projected to reach USD 73.25 BN by 2023, growing at 5.33% CAGR throughout the review period (2017-2023). Rising adoption of industrial wastewater treatment technologies in water treatment plant equipment boosts the growth of the market. Also, substantial R&D investments in the development of equipment used in wastewater treatment plants influence market growth.
Additionally, the spurring rise in industries such as food & beverages, chemicals, pharmaceuticals, pulp & paper, power, metal & mining, semiconductors, textiles, and oil & gas increases market size, demanding clean and safe drinking water. Water & wastewater treatment equipment promotes a healthy environment, responding to clean water requirements for industrial usages. Moreover, government initiatives aiming at wastewater management act as a dominant tailwind for the market growth.
Conversely, aging sewerage management infrastructure and outdated wastewater treatment systems are significant factors projected to impede the market growth. Also, high investments required for establishing wastewater treatment plant challenge the growth of the market. Nevertheless, rising usages of efficient water and wastewater treatment equipment due to the increasing global water stress and industrial wastewater disposal in aquatic ecosystems would support market growth.
Water and Wastewater Treatment Equipment Market – Competitive Analysis
Highly competitive, the water & wastewater treatment equipment market appears to be diversified with the presence of many well-established players. To gain a larger competitive share, industry players adopt strategies such as mergers & acquisitions, collaboration, innovation, and brand reinforcement. Water treatment equipment companies strive to develop low-cost, compact systems, emphasizing improved hardware.
Major Players:
Players leading the water & wastewater treatment equipment market include Aquatech International Corporation (US), GE Water & Process Technologies (US), Veolia Water Technologies (France), Fluence Corporation Limited (US), WPL Limited (UK), Napier Reid Ltd. (Canada), Xylem Inc. (US), Calgon Carbon Corporation (US), Kemira Oyj (Finland) and Corix Water System (Canada), and others.
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Water and Wastewater Treatment Equipment Market – Segments
The report is segmented into three dynamics;
By Treatment Type: Membrane Separation, Disinfection, Sludge Treatment, and others.
By Application : Municipal and Industrial.
By Regions : Europe, North America, Asia Pacific, and the Rest-of-the-World.
Water and Wastewater Treatment Equipment Market – Regional Analysis
North America dominates the global water & wastewater treatment equipment market. The leading market share attributes to the strong presence of notable industry players and the availability of advanced technologies offering efficient solutions. The early uptake of advanced waste management solutions, widespread awareness, and the massive demand for clean water drive the regional market growth.
Moreover, government initiatives and funds from public and private sectors provide impetus to the regional market increase. The US and Canada, backed by their large waste management sectors, account for key growth contributors for the regional market. The North American water & wastewater treatment equipment market is projected to retain its dominance throughout the estimated period.
Europe stands second in the global water and wastewater treatment equipment market. The market growth is driven by stringent government regulations for sewage water management and clean water. Additionally, growing industrial sectors in the region impact the regional market growth positively. European countries such as the UK, Germany, Italy, and France contribute to the regional market growth enormously. The European water & wastewater treatment equipment market is forecasted to create a substantial revenue pocket during the assessment period.
The Asia Pacific region has emerged as a promising market for water and wastewater treatment equipment. Factors such as the ever-increasing population and rapid urbanization & industrialization in the region increase the market sales, driving the demand for clean water for drinking & other purposes. Furthermore, the improving economy in the region influences the growth of the regional market, increasing investments in the wastewater treatment equipment sectors.
Besides, rapidly developing countries, India and China, drive the regional market growth, hugely, witnessing increasing deployments of wastewater management technologies. The APAC water & wastewater treatment equipment market is expected to grow at an impressive CAGR during the forecast period.
Industry/ Innovation/ Related News:
October 06, 2020 ---- In-Situ Inc. (the US), a leading global provider of accurate & reliable water level instrumentation, announced the acquisition of a UK-based manufacturer of drinking water & wastewater measurement equipment - Partech (Electronics) Ltd. In-Situ is a leader in the design and manufacture of superior environmental water monitoring equipment and software.
The acquisition would expand In-Situ's water & wastewater business and enhance the capabilities of both companies to develop high-quality monitoring equipment. Further, the addition would enable these companies to provide outstanding service to an international customer base.
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