Market Overview:
The Water Treatment System Market size is estimated to reach $82.7 billion by 2030, growing at a CAGR of 5.2% during the forecast period 2023-2030, according to a recent report published by IndustryARC, titled, “Water Treatment System Market – By Treatment Type (Reverse Osmosis, Water softeners, Filtration [Membrane Filtration, Activated Carbon Filtration {Block Form, Granular Form}, Mechanical filters, Cartridge Filters, Bio-sand filters, Ultrafiltration, Others], De-ionization, Disinfection [Chemical Disinfection, UV/UF Disinfection, Ozonation], Distillation, Aeration, and Others), By Process (Biological, Physical, Chemical), By End-Use Industry (Municipal Water & Wastewater Treatment, Food & Beverage, Oil & Gas, Pulp & Paper, Petrochemical, Healthcare, Agriculture, Textile, and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2023-2030”
Advancements in water treatment technologies and focus on sustainable and green technologies are fueling the growth of the Water Treatment System industry during the forecast period.
Asia-Pacific Dominated the Market in 2023:
Asia-Pacific accounted for the largest share 36% of the Water Treatment System Market in 2023 due to a combination of rapid industrialization, urbanization, and significant population growth. Countries like China, India, and Japan are major contributors to this trend, driven by their large industrial bases and burgeoning urban centers, which increase the demand for advanced water treatment solutions. The region faces severe water pollution challenges due to industrial discharges, agricultural runoff, and inadequate waste management infrastructure, necessitating substantial investments in water treatment technologies. Additionally, the growing awareness of water scarcity issues and the need for sustainable water management have led to increased government and private sector investments in water infrastructure
Water Treatment System Market: Key Takeaways
Technological Advancements in Water Treatment:
Technological advancements are driving the growth of the water treatment system market by providing more efficient, cost-effective, and innovative solutions for water purification. Recent developments in membrane filtration technologies, such as reverse osmosis and nanofiltration, have significantly improved the effectiveness of contaminant removal and water recovery. Advances in disinfection technologies, including ultraviolet (UV) and ozone treatment, offer enhanced pathogen inactivation and water safety. In November 2021, Kemira Oyj (Helsinki, Finland) announced the final completion of their production capacity expansion in the U.K. From November 15th, the annual production of ferric-based water-treatment chemicals in Goole will be increased by more than 100,000 tons annually. Already in January 2021, Kemira increased product output of aluminum-based water treatment chemicals in Ellesmere Port by 30,000 tons. Additionally, the integration of smart technologies and automation in water treatment systems enables real-time monitoring, data analytics, and optimized process control, leading to improved operational efficiency and reduced costs. These technological innovations are expanding the capabilities of water treatment systems, addressing complex water quality challenges, and driving the adoption of advanced solutions across various sectors, from municipal to industrial applications.
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Growing Focus on Sustainable Water Management:
The growing focus on sustainable water management is a significant driver of the water treatment system market. As concerns about water scarcity and environmental impact increase, there is a heightened emphasis on developing and implementing sustainable water management practices. This includes the adoption of technologies that promote water reuse, recycling, and conservation. The Government of India's Ministry of Jal Shakti reports that in FY 2022, the proportion of rural residents with access to adequate and clean drinking water within their premises rose from 55.23% to 61.52%. In addition, by 2024 or 2025, the Indian government wants all of its citizens to have access to safe and sufficient drinking water inside of buildings. It will improve the nation's municipal water treatment facilities. Advanced water treatment systems that enable the reclamation of wastewater for reuse in industrial processes, irrigation, or even potable applications are gaining traction.
Scope of the Report:
Recent Developments:
- In March 2023, Aquatech, – a leading global water and process technologies provider, and Fluid Technology Solutions, Inc. (“FTS”), a technology-forward manufacturer of advanced membranes and separation technologies, have entered into a strategic partnership aimed at delivering the next generation of advanced separation, brine concentration, and water reuse solutions. Aquatech and FTS will work together to deliver advanced water treatment technology and process solutions in key markets, including brine mining, lithium and critical minerals, inland desalination, and minimal/zero liquid discharge (MLD/ZLD).
- In January 2023, Xylem Inc., a leading global water technology company (“Xylem”), and Evoqua, a leader in mission-critical water treatment solutions and services, today announced they have entered into a definitive agreement under which Xylem will acquire Evoqua in an all-stock transaction that reflects an implied enterprise value of approximately $7.5 billion. As water risks rise in global importance, this transaction unites two companies with a shared focus on solving the world’s water challenges by addressing customers’ and communities’ most critical needs.
- In December 2021, Evoqua Water Technologies, an industry leader in mission-critical water treatment solutions, today announced that it has entered into a definitive agreement to acquire the assets of the renal business historically operated by Mar Cor Purification and Cantel Medical, subsidiaries of STERIS Plc for $196.3 million. Mar Cor is a leading manufacturer and servicer of medical water, commercial and industrial solutions in North America and will expand Evoqua's service footprint and further its reach into the healthcare vertical market.
Water Treatment System Market: Competitive Landscape
Key companies profiled in the Water Treatment System Market Veolia, Xylem, Pentair, Pall Corporation (Danaher Corporation), DuPont de Nemours, Inc., Kurita Water Industries Ltd., Aquatech, Kuraray aqua Co., Ltd, 3M, Ecolab, Evoqua Water Technologies LLC, Kemira, SUEZ, AECOM, Hitachi, Ltd. and others.
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