Global Water and Wastewater Treatment Equipment Market Overview
The Global Water and Wastewater Treatment Equipment Market size is projected to grow from USD 70.41 billion in 2022 to USD 104.97 billion by 2030 at a CAGR of 5.87% % during the forecast period.
Water and wastewater treatment equipment refers to a wide range of technologies and devices used to treat water and wastewater to make it safe and suitable for various applications. This equipment is essential for ensuring access to clean and potable water, as well as for managing and treating wastewater to protect the environment and public health. The water and wastewater treatment equipment market encompasses diverse technologies that address the specific needs of municipal, industrial, and commercial sectors.
The global water and wastewater treatment equipment market has been experiencing significant growth due to increasing concerns about water scarcity, pollution, and the need for sustainable water management practices. The market encompasses a wide range of equipment and technologies used to treat water for various applications, including municipal, industrial, and commercial sectors.
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KEY COMPANIES PROFILED
- GE Water Process Technologies (U.S.)
- Aquatech International Corporation (U.S.)
- Veolia Water Technologies (France)
- WPL Limited (U.K.)
- Fluence Corporation Limited (U.S.)
- Napier Reid Ltd. (Canada)
- Calgon Carbon Corporation (U.S.)
- Xylem Inc. (U.S.)
- Kemira Oyj (Finland)
- Corix Water System (Canada)
Key Factors Driving the Market:
- Water Scarcity and Pollution: The depletion and contamination of freshwater sources have become significant global challenges. As water scarcity increases, the demand for water treatment equipment rises to ensure the availability of clean and potable water.
- Regulatory Compliance: Governments around the world are implementing stringent regulations and standards for water quality and wastewater discharge. Industries and municipalities are required to invest in water treatment equipment to comply with these regulations.
- Population Growth and Urbanization: Rapid population growth and urbanization lead to increased water consumption and wastewater generation. This drives the need for efficient water treatment and wastewater management systems.
- Industrialization: The industrial sector is a major consumer of water, and various industries require water treatment equipment to purify water for their processes and to treat wastewater before discharging it.
- Growing Awareness of Water Pollution: Increased awareness among consumers and industries about the environmental impacts of water pollution has led to greater investments in water treatment equipment to reduce pollution levels.
- Advancements in Treatment Technologies: Technological advancements have led to the development of more efficient and cost-effective water and wastewater treatment solutions, attracting investments in new equipment.
MARKET SEGMENTATION
BY TREATMENT TYPE
§ Membrane Separation
§ Disinfection
§ Sludge treatment
§ Others
BY APPLICATION
§ Municipal
§ Industrial
BY REGION
- North America
- Europe
- Asia-Pacific
- Rest of the World
Industry/ Innovation/ Related News:
- October 06, 2020 ---- In-Situ Inc. (the US), a leading global provider of accurate reliable water level instrumentation, announced the acquisition of a UK-based manufacturer of drinking water wastewater measurement equipment- Partech (Electronics) Ltd. In-Situ is a leader in the design and manufacture of superior environmental water monitoring equipment and software.
- The acquisition would expand In-Situ's water wastewater business and enhance the capabilities of both companies to develop high-quality monitoring equipment. Further, the addition would enable these companies to provide outstanding service to an international customer base.
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