The global water treatment market was valued at US$303.55 billion in 2022. The market value is forecasted to grow to US$460.68 billion by 2028. People enjoy access to drinking water today, the future supply of clean water for human consumption, and industrial use, holds significant challenges. Ensuring adequate clean water supplies for ever growing populations would likely require increased investment in water treatment services, both to ensure that water quality meets ever tightening standards, and to support increased rates of reuse. Water treatment is a process of improving water quality and transforming it into an effluent that can be reused for specific end use like drinking, industrial water supply, irrigation, river flow maintenance, water recreation, etc., or safely returned to the nature with a minimized negative impact on the environment. Water treatment process is mainly associated with removal of contaminants and undesirable components, or reducing the concentration of harmful chemicals to improve water quality for the desired end-use.
Factors such as lack of fresh water resources, rapidly developing emerging economies, rising concerns associated with environment degradation, increasing investment by companies in advanced wastewater treatment technology and growing emphasis on water quality and public health are expected to drive the overall market growth in the forecasted period. Alongside these trends, there is increasing pressure upon water intensive sectors to improve their efficiency, and increase reuse of wastewater. These factors drive the need for more effective pollutant removal from water, and is likely to drive continued investment in water treatment. The market is anticipated to grow at a CAGR of approx. 7% during the forecasted period of 2023-2028.
Market Segmentation Analysis:
- By Application: The report provides the bifurcation of the market into two segments based on application: municipal and industrial. Municipal water treatment market holds the largest share of global water treatment market owing to increasing population growth, rapid urbanization, lack of freshwater resources, rising water demand in agricultural sector and increasing use of municipal water for amusement activities such as swimming pools and amusement parks. Also, municipal water companies are increasingly prioritising actions to address water quality and scarcity issues. For example: Veolia committed to diagnose water resources and develop solutions to optimize water management by 2023.
- By Product and Services: The report provides the bifurcation of the market into three segments based on product and services: equipment, services and chemicals. Services water treatment market is both the largest and the fastest growing segment of global water treatment market owing to increasing manufacturing activities, rapid urbanization, increasing company focus on building technologically advanced water treatment facilities and growing need for maintenance of existing sewage treatment plants.
- By Equipment Type: The report also provides the bifurcation of the water treatment equipment market into five segments: membrane separation, biological, sludge, disinfection and others. Membrane separation water treatment equipment market is the largest and fastest growing segment owing to rising adoption of membrane separation technology in dairy processing & beverages industry, increased population growth, rising environmental restrictions on untreated wastewater discharge by industries, accelerated depletion of ground & surface water resources and increasing implementation of the reverse osmosis (RO) pre-filtration process in various end user industries.
- By Region: The report provides insight into the water treatment market based on the regions namely North America, Europe, Asia Pacific and rest of the world. The global water treatment market is well diversified globally, with significant markets in all regions. Market trends do, however, differ significantly by region. Asia Pacific water treatment market in the largest & fastest growing region of global water treatment market owing to increasing urban population, rising demand for municipal wastewater treatment facilities, rapidly growing manufacturing sector, rapid industrialization and rising government regulations for wastewater treatment. In Europe and North America, there is an established base of water processing infrastructure which was designed and installed in some cases many decades ago, which requires investment to meet modern water processing standards.
- Asia Pacific water treatment market is divided into five regions on the basis of geographical operations, namely, China, Japan, India, South Korea and Rest of Asia Pacific, where China water treatment market held the largest share in Asia Pacific water treatment market owing to rapid industrialization, low freshwater availability and increasing number of stringent wastewater regulations to combat the rising pollution levels.
Market Dynamics:
- Growth Drivers: The global water treatment market has been growing over the past few years, due to factors such as rapid urbanization, increasing demand from end user industries, rising health awareness, water scarcity, climate change, stringent wastewater government regulations, etc. Effluents from companies processing chemicals, pesticides, rare materials & other harmful materials are proven to hazardous if not adequately treated before dumping into the fresh water resources. Governments of various countries are increasingly implementing stringent wastewater regulations along with punishments for perpetrators in terms of increased jail time & hefty fines, incentivizing many industries to build their own water treatment plants or employ wastewater treatment solutions & services, provided by wastewater treatment companies. Thus, rising stringent regulations requiring industrial producers to either recycle or clean wastewater before discharging in order to achieve sustainability goals will continue to increase the demand for wastewater treatments, boosting the growth of global water treatment market.
- Challenges: However, the market growth would be negatively impacted by various challenges such as lack of infrastructure facilities, high installation, equipment and operations cost, etc. High cost of equipment and its operation act as a restraining factor in the water treatment market. Disinfection technologies, desalination equipment and Ozonation and UV equipment are very costly for developing and underdeveloped countries and requires considerable amount of energy to be operated, resulting in high overall equipment and energy consumption costs. So, absence of basic infrastructure and equipment that are required for distribution and storage of water in both developing and underdeveloped economies will continue to impend the growth of global water treatment market.
- Trends: The market is projected to grow at a fast pace during the forecasted period, due to various latest trends such as increasing integration of artificial intelligence (AI), growing demand for internet of things (IoT) solutions, rapid advancements in water treatment technologies, increasing adoption of nanotechnology, thermal hydrolysis, etc. Artificial intelligence in water treatment processes is associated with higher automation, reduced operational cost, low occurrence of human error and optimizing use of chemicals with AI models successfully predicting the performance of different absorbents for the removal of pollutants from water. AI also helps in getting real-time data on the quality of water, predicting emergency events by observing data patters, optimizing energy use, meeting effluent compliance standards and detecting the amount and composition of toxic contaminants present in the effluent, and increasing the effectiveness & efficiency of providing wastewater treatment solutions. Therefore, increasing integration of AI in water treatment processes is expected to boost the growth of global water treatment market in the forecasted period.
Impact Analysis of COVID-19 and Way Forward:
COVID-19 brought in many changes in the world in terms of reduced productivity, loss of life, business closures, closing down of factories and organizations, and shift to an online mode of work. Lockdown policies, imposed by the government to prevent the spread of virus forced various end user industries to either shut down or run low on production capacity, resulting in lower production and manufacturing activities by various end user industries and since end user industries including oil & gas, power plant, mining, pulp & paper, etc., demand water treatment solutions to remove impurities and chemical contaminants from effluent before releasing it into the environment in order to comply to stringent wastewater government regulations and achieve sustainability goals, there was a sudden fall in the demand for water treatment solutions as result of reduced production activities, having negative impact on the global water treatment market during the period, 2019-2020.
Competitive Landscape:
The market for water treatment has been fragmented due to the presence of numerous international, regional and local players in the market. The main objective of key players operating in the market is to adopt technologies such as AI, advanced diagnostics and nanotechnology to build an effective water treatment process for treating all the impurities present in a water resource.
The key players of the market are:
- Veolia Environnement SA
- DuPont de Nemours, Inc.
- Xylem, Inc.
- 3M Company
- Pentair PLC
- Ecolab Inc.
- Kemira Oyj
- BASF SE
- DOW Inc.
- Kurita Water Industries Ltd.
- United Utilities Group PLC
- Kingspan Group PLC (Kingspan Water & Energy)
- SNF
- Hydro International UK Ltd.
- BioMicrobics, Inc
Product launches, mergers & acquisitions and partnership & collaborations are the main strategies adopted by water treatment players to expand market share and gain competitive advantage. For instance, on January 23, 2023, Xylem, Inc., and Evoqua announced that they have entered into a definitive agreement under which Xylem would acquire Evoqua in an all-stock transaction that reflects an implied enterprise value of approximately US$7.5 billion.
Table of Contents
1. Executive Summary
2. Introduction
2.1 Water Treatment: An Overview
2.1.1 Definition of Water Treatment
2.1.2 Benefits of Water Treatment
2.1.3 Stages of Water Treatment Process
2.2 Water Treatment Segmentation: An Overview
2.2.1 Water Treatment Segmentation
3. Global Market Analysis
3.1 Global Water Treatment Market: An Analysis
3.1.1 Global Water Treatment Market: An Overview
3.1.2 Global Water Treatment Market by Value
3.1.3 Global Water Treatment Market by Application (Municipal and Industrial)
3.1.4 Global Water Treatment Market by Product and Services (Services, Equipment and Chemicals)
3.1.5 Global Water Treatment Market by Region (Asia Pacific, North America, Europe and Rest of the World)
3.2 Global Water Treatment Market: Application Analysis
3.2.1 Global Water Treatment Market by Application: An Overview
3.2.2 Global Municipal Water Treatment Market by Value
3.2.3 Global Municipal Water Treatment Market by Segments (Production of Drinking Water and Wastewater Treatment)
3.2.4 Global Industrial Water Treatment Market by Value
3.2.5 Global Industrial Water Treatment Market by Sector (Oil and Gas, Power Generation, Food and Beverages, Refining and Petrochem, Mining, Pulp/Paper, Micro Electronics, Pharmaceuticals and Others)
3.3 Global Water Treatment Market: Product and Services Analysis
3.3.1 Global Water Treatment Market by Product and Services: An Overview
3.3.2 Global Water Treatment Services Market by Value
3.3.3 Global Water Treatment Equipment Market by Value
3.3.4 Global Water Treatment Equipment Market by Type (Membrane Separation, Biological, Sludge, Disinfection and Others)
3.3.5 Global Water Treatment Chemicals Market by Value
3.4 Global Water Treatment Equipment Market: Type Analysis
3.4.1 Global Water Treatment Equipment Market by Type: An Overview
3.4.2 Global Membrane Separation Water Treatment Equipment Market by Value
3.4.3 Global Biological Water Treatment Equipment Market by Value
3.4.4 Global Sludge Water Treatment Equipment Market by Value
3.4.5 Global Disinfection Water Treatment Equipment Market by Value
3.4.6 Global Others Water Treatment Equipment Market by Value
4. Regional Market Analysis
4.1 Asia Pacific Water Treatment Market: An Analysis
4.1.1 Asia Pacific Water Treatment Market: An Overview
4.1.2 Asia Pacific Water Treatment Market by Value
4.1.3 Asia Pacific Water Treatment Market by Region (China, Japan, India, South Korea and Rest of Asia Pacific)
4.1.4 China Water Treatment Market by Value
4.1.5 Japan Water Treatment Market by Value
4.1.6 India Water Treatment Market by Value
4.1.7 South Korea Water Treatment Market by Value
4.1.8 Rest of Asia Pacific Water Treatment Market by Value
4.2 North America Water Treatment Market: An Analysis
4.2.1 North America Water Treatment Market: An Overview
4.2.2 North America Water Treatment Market by Value
4.2.3 North America Water Treatment Market by Region (The US, Canada and Mexico)
4.2.4 The US Water Treatment Market by Value
4.2.5 Canada Water Treatment Market by Value
4.2.6 Mexico Water Treatment Market by Value
4.3 Europe Water Treatment Market: An Analysis
4.3.1 Europe Water Treatment Market: An Overview
4.3.2 Europe Water Treatment Market by Value
4.3.3 Europe Water Treatment Market by Region (UK, Germany, France, Italy and Rest of Europe)
4.3.4 Germany Water Treatment Market by Value
4.3.5 UK Water Treatment Market by Value
4.3.6 France Water Treatment Market by Value
4.3.7 Italy Water Treatment Market by Value
4.3.8 Rest of Europe Water Treatment Market by Value
4.4 Rest of the World Water Treatment Market: An Analysis
4.4.1 Rest of the World Water Treatment Market: An Overview
4.4.2 Rest of the World Water Treatment Market by Value
5. Impact of COVID-19
5.1 Impact of COVID-19 on Water Treatment Market
5.2 Post COVID-19 Impact on Water Treatment Market
6. Market Dynamics
6.1 Growth Drivers
6.1.1 Rapid Urbanization
6.1.2 Increasing Demand from End User Industries
6.1.3 Rising Health Awareness
6.1.4 Water Scarcity
6.1.5 Climate Change
6.1.6 Stringent Wastewater Government Regulations
6.2 Challenges
6.2.1 High Installation, Equipment and Operations Cost
6.2.2 Lack of Infrastructure Facilities
6.3 Market Trends
6.3.1 Integration of Artificial Intelligence (AI)
6.3.2 Growing Demand of Internet of things (IoT) solutions
6.3.3 Rapid Advancements in Water Treatment Technologies
6.3.4 Increasing Adoption of Nanotechnology
6.3.5 Thermal Hydrolysis
7. Competitive Landscape
7.1 Global Water Treatment Market Players: Technology Comparison
8. Company Profiles
8.1 Veolia Environnement SA
8.1.1 Business Overview
8.1.2 Operating Segment
8.1.3 Business Strategy
8.2 DuPont de Nemours, Inc.
8.2.1 Business Overview
8.2.2 Operating Segment
8.2.3 Business Strategy
8.3 Xylem, Inc.
8.3.1 Business Overview
8.3.2 Operating Segment
8.3.3 Business Strategy
8.4 3M Company
8.4.1 Business Overview
8.4.2 Operating Segment
8.4.3 Business Strategy
8.5 Pentair PLC
8.5.1 Business Overview
8.5.2 Operating Segment
8.5.3 Business Strategy
8.6 Ecolab Inc.
8.6.1 Business Overview
8.6.2 Operating Segment
8.6.3 Business Strategy
8.7 Kemira Oyj
8.7.1 Business Overview
8.7.2 Operating Segment
8.7.3 Business Strategy
8.8 BASF SE
8.8.1 Business Overview
8.8.2 Operating Segment
8.8.3 Business Strategy
8.9 DOW Inc.
8.9.1 Business Overview
8.9.2 Operating Segment
8.9.3 Business Strategy
8.10 Kurita Water Industries Ltd.
8.10.1 Business Overview
8.10.2 Operating Segment
8.10.3 Business Strategy
8.11 Kingspan Group PLC (Kingspan Water & Energy)
8.11.1 Business Overview
8.11.2 Operating Segment
8.11.3 Business Strategy
8.12 United Utilities Group PLC
8.12.1 Business Overview
8.12.2 Business Strategy
8.13 SNF
8.13.1 Business Overview
8.13.2 Business Strategy
8.14 Hydro International UK Ltd.
8.14.1 Business Overview
8.14.2 Business Strategy
8.15 BioMicrobics, Inc.
8.15.1 Business Overview
List of Figures
Figure 1: Benefits of Water Treatment
Figure 2: Stages of Water Treatment Process
Figure 3: Water Treatment Segmentation
Figure 4: Global Water Treatment Market by Value; 2018-2022 (US$ Billion)
Figure 5: Global Water Treatment Market by Value; 2023-2028 (US$ Billion)
Figure 6: Global Water Treatment Market by Application; 2022 (Percentage, %)
Figure 7: Global Water Treatment Market by Product and Services; 2022 (Percentage, %)
Figure 8: Global Water Treatment Market by Region; 2022 (Percentage, %)
Figure 9: Global Municipal Water Treatment Market by Value; 2018-2022 (US$ Billion)
Figure 10: Global Municipal Water Treatment Market by Value; 2023-2028 (US$ Billion)
Figure 11: Global Municipal Water Treatment Market by Segments; 2022 (Percentage, %)
Figure 12: Global Industrial Water Treatment Market by Value; 2018-2022 (US$ Billion)
Figure 13: Global Industrial Water Treatment Market by Value; 2023-2028 (US$ Billion)
Figure 14: Global Industrial Water Treatment Market by Sector; 2022 (Percentage, %)
Figure 15: Global Water Treatment Services Market by Value; 2018-2022 (US$ Billion)
Figure 16: Global Water Treatment Services Market by Value; 2023-2028 (US$ Billion)
Figure 17: Global Water Treatment Equipment Market by Value; 2018-2022 (US$ Billion)
Figure 18: Global Water Treatment Equipment Market by Value; 2023-2028 (US$ Billion)
Figure 19: Global Water Treatment Equipment Market by Type; 2022 (Percentage, %)
Figure 20: Global Water Treatment Chemicals Market by Value; 2018-2022 (US$ Billion)
Figure 21: Global Water Treatment Chemicals Market by Value; 2023-2028 (US$ Billion)
Figure 22: Global Membrane Separation Water Treatment Equipment Market by Value; 2018-2022 (US$ Billion)
Figure 23: Global Membrane Separation Water Treatment Equipment Market by Value; 2023-2028 (US$ Billion)
Figure 24: Global Biological Water Treatment Equipment Market by Value; 2018-2022 (US$ Billion)
Figure 25: Global Biological Water Treatment Equipment Market by Value; 2023-2028 (US$ Billion)
Figure 26: Global Sludge Water Treatment Equipment Market by Value; 2018-2022 (US$ Billion)
Figure 27: Global Sludge Water Treatment Equipment Market by Value; 2023-2028 (US$ Billion)
Figure 28: Global Disinfection Water Treatment Equipment Market by Value; 2018-2022 (US$ Billion)
Figure 29: Global Disinfection Water Treatment Equipment Market by Value; 2023-2028 (US$ Billion)
Figure 30: Global Others Water Treatment Equipment Market by Value; 2018-2022 (US$ Billion)
Figure 31: Global Others Water Treatment Equipment Market by Value; 2023-2028 (US$ Billion)
Figure 32: Asia Pacific Water Treatment Market by Value; 2018-2022 (US$ Billion)
Figure 33: Asia Pacific Water Treatment Market by Value; 2023-2028 (US$ Billion)
Figure 34: Asia Pacific Water Treatment Market by Region; 2022 (Percentage, %)
Figure 35: China Water Treatment Market by Value; 2018-2022 (US$ Billion)
Figure 36: China Water Treatment Market by Value; 2023-2028 (US$ Billion)
Figure 37: Japan Water Treatment Market by Value; 2018-2022 (US$ Billion)
Figure 38: Japan Water Treatment Market by Value; 2023-2028 (US$ Billion)
Figure 39: India Water Treatment Market by Value; 2018-2022 (US$ Billion)
Figure 40: India Water Treatment Market by Value; 2023-2028 (US$ Billion)
Figure 41: South Korea Water Treatment Market by Value; 2018-2022 (US$ Billion)
Figure 42: South Korea Water Treatment Market by Value; 2023-2028 (US$ Billion)
Figure 43: Rest of Asia Pacific Water Treatment Market by Value; 2018-2022 (US$ Billion)
Figure 44: Rest of Asia Pacific Water Treatment Market by Value; 2023-2028 (US$ Billion)
Figure 45: North America Water Treatment Market by Value; 2018-2022 (US$ Billion)
Figure 46: North America Water Treatment Market by Value; 2023-2028 (US$ Billion)
Figure 47: North America Water Treatment Market by Region; 2022 (Percentage, %)
Figure 48: The US Water Treatment Market by Value; 2018-2022 (US$ Billion)
Figure 49: The US Water Treatment Market by Value; 2023-2028 (US$ Billion)
Figure 50: Canada Water Treatment Market by Value; 2018-2022 (US$ Billion)
Figure 51: Canada Water Treatment Market by Value; 2023-2028 (US$ Billion)
Figure 52: Mexico Water Treatment Market by Value; 2018-2022 (US$ Billion)
Figure 53: Mexico Water Treatment Market by Value; 2023-2028 (US$ Billion)
Figure 54: Europe Water Treatment Market by Value; 2018-2022 (US$ Billion)
Figure 55: Europe Water Treatment Market by Value; 2023-2028 (US$ Billion)
Figure 56: Europe Water Treatment Market by Region; 2022 (Percentage, %)
Figure 57: Germany Water Treatment Market by Value; 2018-2022 (US$ Billion)
Figure 58: Germany Water Treatment Market by Value; 2023-2028 (US$ Billion)
Figure 59: UK Water Treatment Market by Value; 2018-2022 (US$ Billion)
Figure 60: UK Water Treatment Market by Value; 2023-2028 (US$ Billion)
Figure 61: France Water Treatment Market by Value; 2018-2022 (US$ Billion)
Figure 62: France Water Treatment Market by Value; 2023-2028 (US$ Billion)
Figure 63: Italy Water Treatment Market by Value; 2018-2022 (US$ Billion)
Figure 64: Italy Water Treatment Market by Value; 2023-2028 (US$ Billion)
Figure 65: Rest of Europe Water Treatment Market by Value; 2018-2022 (US$ Billion)
Figure 66: Rest of Europe Water Treatment Market by Value; 2023-2028 (US$ Billion)
Figure 67: Rest of the World Water Treatment Market by Value; 2018-2022 (US$ Billion)
Figure 68: Rest of the World Water Treatment Market by Value; 2023-2028 (US$ Billion)
Figure 69: Global Share of Urban Population in Total Population; 2016, 2021 & 2050 (Percentage, %)
Figure 70: Global Market Size of Paper and Pulp Industry; 2021-2026 (US$ Billion)
Figure 71: Global Artificial Intelligence Market Size; 2021-2025 (US$ Billion)
Figure 72: Global Number of IoT Connections; 2020-2025 (Billion)
Figure 73: Veolia Environnement SA Revenue by Segments; 2021 (Percentage, %)
Figure 74: DuPont de Nemours, Inc. Net Sales by Segments; 2021 (Percentage, %)
Figure 75: Xylem, Inc. Revenue by Reportable Segments; 2021 (Percentage, %)
Figure 76: 3M Company Net Sales by Segments; 2021 (Percentage, %)
Figure 77: Pentair PLC Net Sales by Reportable Segments; 2021 (Percentage, %)
Figure 78: Ecolab Inc. Net Sales by Reportable Segments; 2021 (Percentage, %)
Figure 79: Kemira Oyj Revenue by Segments; 2021 (Percentage, %)
Figure 80: BASF SE Sales by Segments; 2021 (Percentage, %)
Figure 81: DOW Inc. Net Sales by Segments; 2021 (Percentage, %)
Figure 82: Kurita Water Industries Ltd. Net Sales by Segments; 2022 (Percentage, %)
Figure 83: Kingspan Group PLC Revenue by Segments; 2021 (Percentage, %)
Table 1: Global Water Treatment Market Players: Technology Comparison
Companies Mentioned
- Veolia Environnement SA
- DuPont de Nemours, Inc.
- Xylem, Inc.
- 3M Company
- Pentair PLC
- Ecolab Inc.
- Kemira Oyj
- BASF SE
- DOW Inc.
- Kurita Water Industries Ltd.
- United Utilities Group PLC
- Kingspan Group PLC (Kingspan Water & Energy)
- SNF
- Hydro International UK Ltd.
- BioMicrobics, Inc
Methodology
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