Water Treatment Systems Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2028, Segmented By Installation (Point of Entry (PoE), Point of Use (PoU)), By Application (Residential, Non-Residential), By Technology (Filtration, Reverse Osmosis, Water Softener, Distillation, Sedimentation, and Others) By Region
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Water and Waste Management | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationWater Treatment Systems Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2028, Segmented By Installation (Point of Entry (PoE), Point of Use (PoU)), By Application (Residential, Non-Residential), By Technology (Filtration, Reverse Osmosis, Water Softener, Distillation, Sedimentation, and Others) By Region
Global water treatment systems market is anticipated to grow at a steady pace during the forecast period, 2023-2028. The water treatment systems industry is growing as waterborne diseases are a major cause of death and illness around the world. As people become more aware of these diseases, they are demanding better water treatment systems to protect their health.
The need for water treatment systems has 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 building are expected to be growing population, robust economic growth, increased household formations, and low borrowing rates. The Environment Protection Agency (EPA) has established criteria for the quality of the drinking water supply under the Safe Drinking Water Act of 1974, and together with its collaborators, the agency runs a wide range of financial and technical programs to protect drinking water quality.
According to a study released by the Indian Ministry of Jal Shakti, spending by the Department of water resources climbed at an annual growth rate of 5% from 2016 to 2021. The global water treatment systems market is expected to grow due to the increase in population and industrialization in many end-use sectors where water treatment technology is utilized to produce clean and drinking water, after the demand for chemically treated water rose. In addition, both industrialized and developing nations experience water shortage issues due to a lack of freshwater resources. As a result, governments have increased their attention on water treatment technology to provide clean and usable water. Therefore, the global water treatment systems market is expected to grow during the projected period.
US Clean Water Act & Growing investment Propelling the Market Growth
The Clean Water Act sets out the essential guidelines for controlling the discharge of contaminants into waterways and enforcing requirements for the cleanliness of surface water. As a result, the US 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 growing pollution levels, which is helping the country's industrial growth. The Environmental Protection Agency (EPA) is still enforcing administrative actions to make sure that public water systems provide safe drinking water. While the US market is gaining traction, the global water treatment systems market will also grow in the future.
Additionally, the Government of the US announced the Drinking Water & Wastewater Infrastructure Act of 2021 in May, with the investment of USD 35 billion. The American government is working on several projects to upgrade the nation's infrastructure. For instance, the US Department of Transportation stated in June 2021 invested USD 905.3 million under the discretionary grant program Infrastructure for Rebuilding America (INFRA) in infrastructure development projects around the nation. Therefore, the need for water treatment systems is anticipated to be driven by expanding commercial developments in the nation during the forecast period.
Adoption Of IoT in UV Water Filtration Systems
The rise of the IoT has led to new technical advancements in the water purification industry such as smart water filtration systems. These ingenious filters are meant to replace out-of-date reverse osmosis and UV water filtration systems. Additionally, it informs the user when a filter has to be changed shortly after it has expired. To prevent misuse and keep track of their daily water intake, users can set a precise timeframe for filling a single glass or bottle. The benefits of drinking and utilizing clean water for health in rich and developing economies are also promoted via initiatives on clean water structured by a number of environmental organizations. Water treatment systems can be used to stop the spread of diseases transmitted by contaminated water and enhance the quality of the water people drink on a regular basis. As a result, there is a rising global demand for these systems as people become more aware of illnesses caused by water pollution.
Large expenditure Finding Restraining Market Growth
Even though there are strict restrictions on wastewater treatment for enterprises, they are discouraged from installing cutting-edge treatment technology since it costs a lot of funds to construct such plants. Operations grow more labor-intensive because of their complexity, which increases labor costs further. The majority of rich countries struggle with the issue of aging infrastructure. These nations still employ the outdated technologies they constructed decades ago for water treatment infrastructure. Reinstalling and modernizing these outdated infrastructures will need significant investments.
Recent Development
- In
August 2019, the Indian government launched the Jal Jeevan Mission (JJM),
which is carried out by in collaboration with the states having the goal
of supplying drinking tap water to every rural home in India by 2024,
including those in habitations where the water quality is poor. Children
are particularly vulnerable to infections transmitted by water
and contaminated water. To give the provision of drinkable tap water
supply in schools, Anganwadi centers, ashram shalas, etc. priority status,
a specific initiative was launched in 2020.
- The
Drinking Water State Revolving Fund (DWSRF) was established by the US
Environmental Protection Agency (EPA) in 2024 April to provide
approximately USD 6.5 billion for states, tribes, and territories to
update critical drinking water infrastructure around the country. EPA is
expanding the capital available to improve the country's water
infrastructure credit to a USD 6 billion boost from President Biden's
Bipartisan Infrastructure Law.
- As a
result of the modified drinking water directive's incorporation into
national law, new standards for drinking water quality and accessibility
will be the norm across the European Union by 2023. According to the European
Green Deal's zero pollution goal, new regulations will ensure one of the
highest drinking water standards across the world. This also answers to
"Right2Water," the first-ever successful European Citizens'
Initiative, which garnered 1.6 million signatures in favor of enhancing
all Europeans' access to clean drinking water.
- In
January 2022, Evoqua Water Technologies LLC purchased the Renal Business
from the STERIS Group subsidiaries Mar Cor Purification and Cantel
Medical. The company's ability to provide tried-and-true water solutions
for the healthcare sector in North America was bolstered by the purchase.
- In
November 2021, Kemira company increased its ability to produce
chemicals for water treatment in the United Kingdom. The yearly output of
ferric-based water treatment chemicals in Goole raised by
approximately 100 kilotonnes as a result of this development.
- In
March 2017, SUEZ bought GE Water jointly with Canada's Caisse de dépôt et
placement du Québec (CDPQ). Global system and solution supplier for the
water and wastewater treatment sector is GE Water.
- In
September 2016, DOW Specialty Membrane Elements were unveiled by Dow Water
& Process Solutions. This line of devices provides reliable,
consistent, and reasonably priced technology that functions in challenging
environments.
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Market Segmentation
The global water treatment systems market is segmented into installation, application, technology, and region. Based on technology, the market is divided into filtration, reverse osmosis, water softener, distillation, sedimentation, and others. Based on applications, the market is divided into residential and non-residential. Based on installation, the market is split into point of entry (PoE) and point of use (PoU). Based on region, the market is segmented into North America, Asia-Pacific, Europe, South America, and the Middle East & Africa (MEA).
Market Players
Major market players in the global water treatment systems market are 3M Company, Culligan International, Honeywell International Inc, Watts Water Technologies Inc, Pentair PLC, The Dow Chemical Company, Calgon Carbon Corporation, Best Water Technology AG, Danaher Corporation, and Ecolab Inc.
|
Attribute |
Details |
|
Base Year |
2022 |
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Historic Data |
2018 –
2022 |
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Estimated Year |
2023 |
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Forecast Period |
2023
– 2028 |
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Quantitative Units |
Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028 |
|
Report coverage |
Revenue
forecast, company share, growth factors, and trends |
|
Segments covered |
Installation Application Technology Region |
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Regional scope |
North
America, Asia-Pacific, Europe, South America, and Middle East & Africa |
|
Country scope |
United States, Canada, Mexico, China, India, Japan, South
Korea, Indonesia, Germany, United Kingdom, France, Russia, Spain, Brazil,
Argentina, Saudi Arabia, South Africa, UAE, and Israel |
|
Key companies profiled |
|
|
Customization scope |
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope. |
|
Pricing and purchase options |
Avail
customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery Format |
PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request) |
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