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The water treatment system market size is projected to reach US$ 97.55 billion by 2031 from US$ 60.17 billion in 2023. The market is expected to register a CAGR of 6.2% during 2023–2031. The development of smart cities in emerging countries is likely to remain a key trend in the market.
Water Treatment System Market Analysis
The demand for purified water in various end-use industries, such as power generation, manufacturing, pharmaceutical, and food & beverages, is growing worldwide. In these end-use industries, clean and purified water is utilized for various applications, including steam generation, dilution, and manufacturing equipment washing and cooling. This has increased the requirement for a reliable and consistent water supply in sectors such as agriculture, power generation, manufacturing, and food & beverages. The energy & power sector is one of the major end users of water. Additionally, the food & beverage sector is contributing to the rising demand for water treatment systems worldwide, as clean water is widely used for food production, food item cleaning, food processing, and preservation. Water filtration or treatment systems are also used in the manufacturing sector for removing contaminants, impurities, and other unnecessary substances from water utilized in industrial processes. Water treatment systems are crucial for enhancing product quality, meeting regulatory requirements, and equipment protection, which is anticipated to fuel the growth of the water treatment systems market in the coming years. Also, the increasing government focus on implementing sustainable alternatives in the industrial sector is boosting the application of water treatment systems.
Water Treatment System Market Overview
Water treatment systems are an important part of water management in the industrial, residential, and commercial sectors. Water treatment systems are designed and developed to remove impurities, contaminants, and unwanted or toxic substances from water. Water treatment methods studied in this report include distillation, filtration, ultraviolet sterilization, and reverse osmosis. Water treatment systems are increasingly used in applications such as groundwater treatment, brackish or seawater treatment, rainwater harvesting, and drinking water treatment.
A rise in water demand owing to population growth, rapid industrialization, and an increase in awareness about waterborne diseases across the globe is projected to fuel the need for water treatment systems. In addition, a rise in investment in the construction of power generation plants, residential and commercial buildings, and other related infrastructure worldwide is projected to boost the market growth in the coming years. Moreover, the rise in demand for desalination and purification of water in the Middle East & Africa is anticipated to boost the water treatment systems market growth during the forecast period.
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Water Treatment System Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Water Treatment System Market: Strategic Insights
Naveen
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Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Water Treatment System Market Drivers and Opportunities
Growing Demand for Process Water in Various End-Use Industries
According to data from the Central Pollution Control Board (CPCB) of India, ~500 billion cubic meters of fresh water is utilized in Indian industries annually. The increasing development in the municipal sector is also contributing to the demand for water treatment systems, specifically in economies such as China, India, and Brazil.
Mineral exploration is one of the major application areas of water treatment systems since mineral exploration sites require water purification systems for cleaning equipment and other drilling processes. Nations such as China, Australia, Russia, Brazil, Canada, and the US are widely engaged in mineral exploration activities. These countries are also promoting the discovery of new mineral exploration sites and upgrade and maintenance of existing sites, which is anticipated to propel the application of water treatment systems worldwide. Thus, the growing demand for purified water in various end-use industries is a major driving factor for the water treatment systems market.
Increased Investments in Wastewater Treatment Facilities
In March 2022, the US Department of the Interior stated that the Bureau of Reclamation invested US$ 420 million in rural water-building efforts in fiscal year 2022. Along with government funding, several water treatment companies worldwide are also investing in developing water treatment facilities. In October 2023, Hydro funded a new water treatment plant at the Schwandorf heritage site in Germany. Additionally, in September 2022, BIPSO initiated its cutting-edge wastewater treatment plant at its Singen site. The company spent US$ 1.5 million on the development of this factory. Thus, the increase in investments in water treatment plants is expected to provide growth opportunities to the water treatment systems market.
Water Treatment System Market Report Segmentation Analysis
Key segments that contributed to the derivation of the water treatment system market analysis are filtration process type, application, and end user.
- Based on filtration process, the water treatment system market is segmented into distillation, ultra-violet sterilization, reverse osmosis, filtration, ion-exchange, and others. The reverse osmosis segment held the largest market share in 2023.
- By type, the market is segmented into drinking water treatment systems, industrial water treatment systems, wastewater treatment systems, portable water treatment systems, and well water treatment systems. The drinking water treatment system segment dominated the market in 2023.
- By application, the market is segmented into groundwater, brackish and seawater desalination, rainwater harvesting, drinking water, and others. The groundwater segment held the largest share of the market in 2023
- By end user, the market is segmented into residential, municipal, agriculture, food and beverage, commercial, mining and metal, oil and gas, pharmaceuticals, others. The municipal segment held the largest market share in 2023.
Water Treatment System Market Share Analysis by Geography
The geographic scope of the water treatment system market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
China, India, Australia, Japan, and South Korea are among the key countries in the Asia Pacific water treatment systems market. High population growth in China and India, rapid industrialization, rise in awareness regarding water pollution, and government financing are contributing to the growth of the water treatment systems market in Asia Pacific. As per the Asian Water Development Outlook 2020 report by the Asian Development Bank (ADB), ~1.5 billion people in rural areas and ~0.6 billion people in urban areas lacked access to sufficient water supply and hygiene. Additionally, the majority of the ADB members are confronting key water quality concerns. Governments of various countries in Asia Pacific are taking initiatives to develop standards and techniques for deploying water treatment systems. Rapid urbanization and demand for clean water from water-driven industries are among the prime factors propelling the growth of the water treatment systems market in emerging economies in Asia Pacific. In March 2024, Brihanmumbai Municipal Corporation awarded a contract to Welspun Enterprises in Mumbai, India, to develop and operate a water treatment plant with the capacity to process 2,000 million liters daily. Thus, rising infrastructure development and increasing government focus on upgrading the aging water treatment facilities and building new ones are anticipated to propel the growth of the water treatment systems market in Asia Pacific.
Water Treatment System Market Report Scope
Water Treatment System Market News and Recent Developments
The water treatment system market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the market for water treatment systems are listed below:
- Thermax, a leading provider of energy and environment solutions, announced the opening of its state-of-the-art manufacturing facility in Pune for water and wastewater treatment solutions. This marks a significant step aligned with Thermax's broader mission of conserving resources and preserving the future. (Source: Thermax , Press Release, April 2024)
- Pall Corporation, a global leader in filtration, separation, and purification, and Tanajib [Al-Khobar]—a prominent petroleum services company throughout the GCC—announced the expansion of its Pall Arabia facility to include filter coalescer manufacturing capabilities to support the oil & gas and petrochemical industries in the Kingdom of Saudi Arabia. (Source: XYZ Company Name, Press Release/Company Website/Newsletter, February 2024)
Water Treatment System Market Report Coverage and Deliverables
The “Water Treatment System Market” Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Water treatment system market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Water treatment system market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Water treatment system market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the water treatment system market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Regions such as Asia-Pacific, Europe and North America will boost the growth of the water treatment system market during the forecast period. This growth is owing to the rise in urbanization and industrialization in the regions.
Development of Smart Cities in Emerging Countries.
Hitachi Zosen Corporation; Pentair PLC; Thermax Limited; Xylem Inc; Veolia Environnement SA; Pall Corp; Culligan International Co; Dupont De Nemours Inc; Thermo Fisher Scientific Inc; 3M Co.; Aqua Filsep Inc; Pure Aqua, Inc.; RITE Water Solutions (India) Pvt. Ltd.; Aquatec International LLC; and Filtra-Systems Company LLC are the key market players operating in the global water treatment system market.
There is a growing demand for purified water in various end-use industries, such as power generation, manufacturing, pharmaceutical, and food & beverages. In these end-use industries, clean and purified water is utilized for various applications, including steam generation, dilution, and manufacturing equipment washing and cooling. This has mounted the requirement for a reliable and consistent water supply in sectors such as agriculture, power generation, manufacturing, and food & beverages. The energy & power sector is one of the major end users of water.
Governments worldwide are focusing on building wastewater treatment facilities. For instance, in August 2022, the United States Department of Agriculture announced a US$ 75 million investment in an infrastructure development project that involves offering clean drinking water and sanitary wastewater systems to Greenbrier County residents in the rural area.
The List of Companies - Water Treatment Systems Market
- Hitachi Zosen Corporation
- Pentair PLC
- Thermax Limited
- Xylem Inc
- Veolia Environnement SA
- Pall Corp
- Culligan International Co
- Dupont De Nemours Inc
- Thermo Fisher Scientific Inc
- 3M Co.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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