The global water and wastewater treatment equipment market is estimated to grow from USD 51.25 Billion in 2016 to USD 73.25 Billion in 2023, as per a report by Market Research Future (MRFR). It can expand at a CAGR of 5.33% during the forecast period (2017-2023). The market is witnessing immense demand from various industries such as food & beverages, chemicals, pharmaceuticals, pulp & paper, power, metal & mining, semiconductors, textiles, and oil & gas and others. Factors such as rigid government emission regulations along with increasing urbanization can spur market growth.
Increasing scope for operations and maintenance and economic growth of developing countries can positively impact the market. The demand for wastewater equipment has increased in industrial and municipal applications due to increasing government concerns about disposal of water.
However, high installation costs, along with equipment and operational costs, act as restraints to the growth of the water & wastewater treatment equipment market. On the other hand, the market is highly dependent on technologies such as filtration, desalination, disinfection, and testing. Worldwide there is a rise in demand for safe drinking water due to decreasing amount of freshwater resources which can lead to increasing use of these technologies in water treatment, hence augmenting the water & wastewater treatment equipment market demand during the forecast period.
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The global water and wastewater treatment equipment market is segmented on the basis of treatment type and application.
By treatment type, the market is segmented into membrane separation, disinfection, sludge treatment, and others. The membrane separation segment is projected to showcase the highest CAGR in the coming years. The membrane separation equipment utilizes economically viable and environment-friendly treatment technologies. These membranes are prepared either from synthetic organic polymers or inorganic materials such as ceramics and metals. On the other hand, disinfection treatment is required for control of diseases, kill germs and, are inexpensive. The disinfection segment can contribute to the market due to its cost-economical nature.
On the basis of application, the market is segmented into municipal and industrial. Among all types of application, the municipal accounted for the largest market share during the forecast period. Many cities, across the globe, are adopting drinking water treatment solutions, to help optimize resources and provide high-purity graded water to their residents. Rapid growth in global population in the urban areas is leading to an increase in the demand for high-quality water for drinking and for daily household usage. There is a steadily growing need for cost-effective, energy-efficient processing of wastewater and various municipalities are replacing traditional filter technology with more cost-effective closed-circuit systems. On the other hand, industries opt for wastewater treatment as it is the most sustainable alternative to ascertain the quality of the water so it could be reused in various processes. Environmental regulations will push various industries to re-use the treated wastewater.
Geographically, the global water and wastewater treatment equipment market is spread across North America, Europe, Asia Pacific, and Rest-of-the-World (RoW).
Amongst all regions, the Asia Pacific market is projected to expand at a stellar CAGR during the forecast period. It accounted for 33.50% market share in 2016. Developing countries such as China and India are the biggest consumers of water owing to population growth and rapid industrialization. The disposal of wastewater from neighboring industries is driving the need for rapid adoption of water and wastewater treatment equipment. A plethora of wastewater treatment projects along with stringent rules and regulations by governments of Japan and South Korea make a positive impact on the market growth. The rising demand for treated potable water in this region is further anticipated to drive the rise of the Asia Pacific water and wastewater treatment equipment market.
In North America, water and wastewater treatment equipment serves a critical purpose by ensuring the smooth functioning of industries. These industries include power, petrochemical, and chemical. Prominent companies are setting up water and wastewater plants to supply consumers with an abundance of drinking water.
The key players of global water and wastewater treatment equipment market include Fluence Corporation Limited (U.S.), Napier Reid Ltd. (Canada), GE Water & Process Technologies (U.S.), Aquatech International Corporation (U.S.), Calgon Carbon Corporation (U.S.), Xylem Inc. (U.S.), Veolia Water Technologies (France), WPL Limited (U.K.), Kemira Oyj (Finland) and Corix Water System (Canada), and others.
Many water and wastewater treatment equipment companies are focusing on implementing various business growth strategies. They are forming partnerships with regional companies and providing technological expertise for industrial wastewater treatment in sectors including oil & gas as well as pulp & paper.
Kemira will be making a sizeable investment to expand production at its Joutseno chlor-alkali site in Finland. This investment is to ensure Kemira’s ability to address the growing need for sodium hydroxide in Finland. Joutseno chlor-alkali site produces sodium hydroxide, hydrochloric acid, and sodium hypochlorite for municipal water treatment. Sodium hydroxide raises the pH of water to near neutral when injected into a water system. Therefore sodium hydroxide is essential in water and wastewater treatment operations.
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