The report “Water Treatment Systems Market by Technology (Water softeners, Reverse osmosis systems, Distillation systems, Disinfection methods, Filtration methods, Others (adsorption and electrolysis)), Application (Residential, Non-residential, Commercial, Industrial, Healthcare, Educational Institutes, Others (stadiums, railway stations, and airports)) - Global Forecast to 2030" was valued USD 5.9 billion in the year 2021 and is expected to account to a value of USD 211.3 billion by 2030, with 6.5% CAGR during the forecast period 2022-2030.
Some of the key driver factoring to this growth in this market are increasing global demand for clean water, stringent regulatory rules and issues, raising concerns towards environment. The growth of this market is also helped by rapid urbanization and population growth, growing demand for new water supplies, increasing emphasis on water quality and public health, increasing the prevalence of waterborne diseases, increasing industrial demand, and strict government regulations on waste water treatment.
However, the growth of this market is somewhat impeded by the high cost of equipment, operations, and disposal. Besides that, ageing water infrastructure, excess energy uses as well as increasing expenditure due to the development of excess sludge are some of the key challenges in the overall demand for water and wastewater treatment.
The COVID-19 pandemic has greatly affected the water market. Due to the pandemic, organizational stability and economic growth have become main focal points of expenditure. Supply chains and labour supply for manufacturing have been greatly disrupted by the lockdowns due to the pandemic worldwide; both factors have dramatically affected the development of the worldwide water industry.
Customers have become highly price responsive on the demand side and are focusing their new investments into digital and smart technologies that can enable remote operation and visibility of their systems or infrastructure to be seamless. The urban water and wastewater sector has shown the greatest resilience due to government funding packages and their global criticality.
Browse 43 market data Tables and 30 Figures spread through 178 Pages and in-depth TOC on “Water Treatment Systems Market by Technology (Water softeners, Reverse osmosis systems, Distillation systems, Disinfection methods, Filtration methods, Others (adsorption and electrolysis)), Application (Residential, Non-residential, Commercial, Industrial, Healthcare, Educational Institutes, Others (stadiums, railway stations, and airports)) - Global Forecast to 2030"
Some rivers have been made unfit for use by the unsupervised disposal of chemical compounds and waste from building activities. To prevent contracting diseases such as cholera and giardiasis, water drawn from any source needs to be filtered before drinking. In safeguarding human life from such diseases, water treatment systems play a significant role.
The COVID-19 pandemic will stimulate the world's demand for better, cleaner water and more effective and efficient treatment of waste water. Progress towards the Sustainable Development Goals (SDGs) on water and waste water is likely to be motivated by this.
The global market for water treatment systems is identified by the presence of leading players who account for a leading market value share. Key players are introducing product offerings as well as establishing mergers & acquisitions (M&A) to broaden their regional presence in an attempt to counter the potential entry of new players.
Growing water pollution and construction activities, along with increasing understanding of the benefits of clean drinking water, are key parameters that drive the growth of the demand for water treatment systems.
The adoption of the product is facilitated by stringent environmental legislation by the relevant government authorities to monitor water protection issues. In addition, rapid industrialization and the region's increasing population are key factors driving the landscape of the industry.
IoT-enabled water treatment systems provide the ability for market players to boost efficiency and effectiveness while enhancing customer support. Moreover, IoT is emerging as a much-needed option, considering the amount of labour and time needed to collect water and transport it to treatment sites.
Another pattern - weakening confidence in public services - is reinforcing the public health crisis. As such, water treatment system developers worldwide need to significantly update their contact and management practices.
The implementation of water treatment systems by households has been constrained by the high cost of equipment and maintenance. Due to its easy handling and portability, the market for packaged drinking water is growing. Demand for packaged drinking water is a big challenge for the water treatment system's market development.
Based on Geography, the water treatment system market is segmented into-
Significant growth is to be witnessed by Asia Pacific segment from the year 2020 to 2025.
The key driver for APAC to grow over the next 5 years, at the estimated highest CAGR. With China, India, and Japan, led by Europe and North America, Asia-Pacific is the leading region in the global water treatment system industry. However, due to the increasing population and higher economic results, Europe had the second largest market share in the water treatment system market.
Companies focus on designing technologies that are capable of operating without a continuous supply of electricity that can also be used in remote and rural areas. To boost their product portfolio, they engage in R&D activities.
Key significant players in the global water treatment market include:
Global Water Treatment Systems Market Coverage
Technology Insight and Forecast 2018-2030
Application Insight and Forecast 2018-2030
Global Water Treatment Systems Market by Region
Rest of the World (RoW)