Water & Wastewater Treatment Equipment Market was valued at USD 63.46 billion in 2020 and is anticipated to expand with a CAGR of 5.98% over 2022-2030, thereby amassing USD 109.61 billion by the end of the forecast period.
Wastewater treatment or sewage treatment refers to the process of removing impurities from wastewater before it reaches natural water bodies or aquifers. The treated water is then reused for various purposes without having an adverse impact on the environment.
The machines and technologies used during the process are collectively called wastewater treatment equipment. Some common equipment used for removing contaminants from water are vacuum evaporators & filters, reverse osmosis systems, tramp oil separators, solid bowl centrifuges, and paper bed filters, among others.
Water & Wastewater treatment equipment market- Growth propellants and Challenges
Escalating demand for clean water owing to rapid industrialization, diminishing freshwater resources, and increasing water pollution levels across the globe are primarily augmenting industry outlook. Alongside, surging adoption of these equipment in the municipal & industrial applications is adding traction to market development.
Furthermore, rigid government regulations associated with wastewater treatment coupled with increasing investments to further develop wastewater treatment facilities are positively swaying the market dynamics.
Also, growing need for energy efficient water treatment technologies and high water scarcity due to population expansion across the world are aiding market expansion.
On the contrary, high costs pertaining to the installation, management, and operation of these equipment is hindering the progression of global water & wastewater treatment market.
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Which is the fastest growing segment in the marketplace?
Based on equipment outlook, the industry sphere is bifurcated into membrane separation, disinfection, biological, sludge treatment, and others. The membrane separation segment is currently leading the market as it offers numerous advantages including high filtration efficiency and requirement of minimum operation area.
On the basis of process outlook, the marketplace is fragmented into primary, secondary, and tertiary. The tertiary segment is poised to register notable gains over the analysis timeframe. This process is primarily used to remove bacteria, viruses, and parasites from the effluent before it is reused or discharged into the environment.
In terms of application, the worldwide water & wastewater treatment equipment industry is split into municipal and industrial. The municipal segment is expected to capture a significant revenue share over 2022-2030 owing to increasing urban population and favorable government incentives for developing wastewater treatment infrastructure.
Geographical insights of the industry
Considering the geographical frame of reference, North America, Europe, Asia Pacific, and Middle East & Africa are the major benefactors to the industry expansion. Among these, Asia Pacific is anticipated to lead the overall market in terms of revenue share ascribing to surging investments in the field, stringent wastewater management regulations, and growing residential sector across the region.
Similarly, the market in Europe is expected to amplify with a substantial CAGR attributing to rising prevalence of water borne diseases and prompt industrialization.
Expounding the competitive hierarchy
Major companies such as Evoqua Water Technologies LLC, Calgon Carbon Corp, Pentair plc, Veolia Environment S.A., Suez S.A., Ecolab, Inc., Xylem, Inc., and Aquatech International LLC are prominently influencing global water & Wastewater treatment equipment market trends.
Notably, Evoqua Water Technologies in July 2017 announced the acquisition of US based filters & irrigation component manufacturer Olson Irrigation Systems.
Also, in July 2017, GE Water announced the launch of its innovative UF and RO based water treatment solution named BEVPAK.
Similarly, the remaining industry giants are also focusing on the enhancement of their product portfolio to strengthen their global foot print and tap into emerging markets. Moreover, they are also making informed & strategic decisions involving crucial steps such as mergers & acquisitions, collaborations, partnerships, and research & development investments to improve their industry performance.
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