Water Treatment Technology Market

Water Treatment Technology Market Size, Share, Trends, Growth, and Industry Analysis, By Technology Membrane Filtration Technology, Two Stage Membrane Filtration, Ultraviolet Irradiation Technology, Advanced Oxidation Technology, and Others, By End Use Building & Construction Nuclear Power Plant, Food & Beverages, Others), Regional Analysis and Forecast 2032.

Chemical & Material | April 2024 | Report ID: EMR00841 | Pages: 250

Global Water Treatment Technology market size was USD 14.62 billion in 2023 and the market is projected to touch USD 36.52 billion by 2032, at a CAGR of 10.71% during the forecast period.

 

The global water treatment technology market refers to the industry that provides solutions for improving the quality of water for various purposes like drinking, industrial processes, and environmental conservation. These technologies include filtration, disinfection, desalination, and purification methods. With growing concerns over water scarcity and pollution, the demand for water treatment technologies has surged. Factors such as increasing population, industrialization, and urbanization have led to heightened pressure on freshwater resources, necessitating efficient water management strategies.

The market is witnessing significant growth due to stringent regulations regarding water quality, coupled with rising awareness about the importance of clean water for health and sustainability. Additionally, advancements in technology are driving innovation in water treatment methods, making them more efficient and cost-effective. Major players in the market are investing in research and development to introduce advanced solutions that cater to diverse water treatment needs across different sectors. However, challenges such as high initial investment costs and limited access to clean water in developing regions pose constraints to market growth.

 

Global Water Treatment Technology report scope and segmentation.

Report Attribute

Details

Estimated Market Value (2023)

USD 14.62 billion

Projected Market Value (2032)

USD 36.52 billion

Base Year

2023

Forecast Years

2024 – 2032

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Based on By Ty Technology, By End-Use, & Region.

Segments Covered

By Technology, By End-Use, & By Region.

Forecast Units

Value (USD Million or Billion), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2024 to 2032.

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others.

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.

 

Global Water Treatment Technology dynamics

Rapid urbanization and industrialization, particularly in emerging economies, are driving the demand for water treatment solutions to meet the needs of growing populations and expanding industries. Additionally, increasing awareness about environmental sustainability and stringent regulations pertaining to water quality and pollution control are compelling industries to adopt advanced water treatment technologies. Moreover, the escalating concerns regarding water scarcity and the depletion of freshwater sources are prompting governments and organizations to invest in innovative water treatment solutions and conservation measures.

Technological advancements, such as the development of membrane-based filtration systems and advanced oxidation processes, are enhancing the efficiency and effectiveness of water treatment methods, further propelling market growth. Furthermore, the growing emphasis on wastewater reuse and recycling, driven by sustainability goals and water conservation initiatives, is creating new opportunities for market players. However, challenges such as high initial investment costs, particularly for advanced treatment technologies, and limited access to clean water in certain regions hinder market growth.

 

Global Water Treatment Technology drivers

  • Increasing Water Scarcity

The demand for water treatment technology is rising as the world's water scarcity becomes more apparent owing to causes including population expansion, industrialization, and climate change. The market for water treatment technologies is driven by the need for governments and companies to implement effective water management techniques due to the scarcity of water.

Furthermore, there is a greater need for creative water treatment solutions due to growing awareness of the significance of protecting water resources and addressing issues related to water. This factor is especially important in areas where there is a water shortage since effective water treatment systems are essential to maintaining long-term access to clean water for a variety of uses.

  • Stringent Regulatory Standards

Stringent regulations governing water quality and pollution control are compelling industries to invest in advanced water treatment technologies to comply with environmental standards. Governments worldwide are imposing stricter regulations to address water pollution and ensure the provision of safe drinking water to their citizens. These regulations drive the adoption of technologies such as membrane filtration, UV disinfection, and advanced oxidation processes, which effectively remove contaminants from water sources. As regulatory requirements continue to evolve and become more stringent, the demand for sophisticated water treatment solutions is expected to grow, fuelling market expansion and technological innovation in the sector.

 

Restraints:

  • High Initial Investment Costs

Implementing modern water treatment technologies comes with a high initial cost, which is one of the main obstacles to market expansion. These technologies frequently require huge financial investments for infrastructure, specialized labor, and equipment, especially for large-scale projects. Investment may be discouraged by the high upfront costs of installing water purification facilities, particularly in developing nations with tight budgets. In addition, the intricacy of financing agreements for water infrastructure projects and the unpredictability of investment returns present extra difficulties for industry participants, impeding the extensive implementation of water treatment technology.

  • Limited Access to Clean Water in Developing Regions

Adoption of water treatment technology is hampered in many developing regions by poor sanitation facilities and restricted access to clean water infrastructure. The difficulties in delivering clean water and sanitation services to marginalized communities are caused by a number of factors, including a lack of capital, shoddy governance systems, and technological limitations.

Because of this, even while there is an urgent need for solutions to combat waterborne infections and enhance public health outcomes, the market for water treatment technology is constrained in areas with limited access to clean water. Governments, non-governmental organizations, and international organizations must work together to invest in sustainable water management techniques and better water infrastructure in marginalized communities in order to overcome these obstacles.

 

Opportunities:

  • Wastewater Reuse and Recycling

The increasing emphasis on wastewater reuse and recycling presents significant opportunities for market growth. Wastewater contains valuable resources such as nutrients, energy, and water that can be recovered and reused through advanced treatment processes. As water scarcity intensifies and environmental concerns mount, there is growing recognition of the potential benefits of wastewater reuse for mitigating water stress, reducing pollution, and enhancing resource efficiency.

Innovative technologies such as membrane bioreactors, reverse osmosis, and advanced oxidation are enabling the safe and cost-effective treatment of wastewater for various applications, including irrigation, industrial processes, and potable water production. Expanding the adoption of wastewater reuse practices presents lucrative opportunities for market players to develop tailored solutions and services that address the specific needs of different industries and communities.

 

Segment Overview

  • By Technology

In terms of technology, the segments include membrane filtration technology, two-stage membrane filtration, ultraviolet irradiation technology, advanced oxidation technology, and others. Membrane filtration technology involves the use of semipermeable membranes to remove particles, microorganisms, and contaminants from water through physical filtration mechanisms. Two-stage membrane filtration enhances water purification by combining different membrane processes, such as reverse osmosis and ultrafiltration, to achieve higher levels of water quality and purity.

Ultraviolet irradiation technology utilizes UV light to disinfect water by deactivating pathogens and microorganisms, making it suitable for applications requiring microbial control. Advanced oxidation technology employs chemical oxidation processes to degrade organic pollutants and eliminate contaminants, offering efficient treatment solutions for challenging water quality issues. Other technologies encompass a range of innovative approaches and emerging solutions aimed at addressing specific water treatment challenges and optimizing treatment processes.

  • By End-Use

Regarding end-use applications, the segments include building and construction, nuclear power plants, food and beverages, and others. The building and construction sector utilizes water treatment technologies for various purposes, such as potable water supply, wastewater treatment, and process water purification, to meet regulatory requirements and ensure sustainable water management practices.

Nuclear power plants require specialized water treatment solutions to maintain the integrity of cooling water systems, prevent corrosion and scaling, and comply with strict regulatory standards for water quality and safety. The food and beverages industry relies on water treatment technologies to ensure the quality and safety of products, comply with hygiene standards, and meet consumer expectations for clean and pure water in manufacturing processes. Other end-use applications encompass diverse sectors such as pharmaceuticals, chemical manufacturing, pulp and paper, and municipal water treatment, each with unique requirements and challenges that drive the adoption of specific water treatment technologies tailored to their needs.

 

Global Water Treatment Technology Overview by Region

Developed regions such as North America and Europe have well-established water treatment infrastructure and stringent regulations governing water quality, driving the adoption of advanced treatment technologies. In North America, the United States leads the market with significant investments in water infrastructure upgrades and technology innovation, particularly in response to aging infrastructure and emerging contaminants like PFAS. Europe similarly prioritizes water quality and sustainability, with countries like Germany, the UK, and France investing in advanced water treatment solutions to address pollution, water scarcity, and climate change impacts.

In contrast, emerging economies in Asia Pacific, Latin America, and the Middle East are witnessing rapid urbanization, industrial growth, and increasing water stress, fuelling demand for water treatment technologies. China and India are important markets in the Asia-Pacific region, where investments in water infrastructure and pollution control measures are driven by urbanization and industrial expansion. Water pollution and poor sanitation are major issues in Latin America, especially in Brazil and Mexico.

This presents potential for water treatment solutions in the municipal and industrial sectors. Due to dry climates and population increase, water scarcity is getting worse throughout the Middle East and Africa. As a result, investments are being made in desalination and wastewater reuse technologies to ensure water supplies for industrial, agricultural, and domestic use.

 

 

Global Water Treatment Technology market competitive landscape

Leading companies such as Suez SA, Veolia Environnement S.A., and Evoqua Water Technologies Corp dominate the market with their comprehensive portfolio of water treatment solutions and global presence. These players focus on strategic initiatives such as mergers and acquisitions, partnerships, and product developments to expand their market reach, enhance their technological capabilities, and cater to diverse customer needs. Additionally, regional and local players play a significant role in niche segments and emerging markets, offering specialized solutions and services tailored to specific regional requirements.

In order to handle complicated water management concerns, collaboration between government agencies, academic institutions, and industry stakeholders is also common. This collaboration fosters innovation and knowledge exchange. Businesses are investing in eco-friendly technologies and circular economy initiatives to reduce environmental impact and improve operational efficiency as the emphasis on sustainability and resource efficiency grows. Furthermore, the competitive landscape is changing due to the emergence of disruptive technologies like digital platforms, smart water management systems, and decentralized treatment systems. This presents opportunities for both new entrants and established players to stand out from the competition and profit from changing market trends.

In order to handle complicated water management concerns, collaboration between government agencies, academic institutions, and industry stakeholders is also common. This collaboration fosters innovation and knowledge exchange. Businesses are investing in eco-friendly technologies and circular economy initiatives to reduce environmental impact and improve operational efficiency as the emphasis on sustainability and resource efficiency grows. Furthermore, the competitive landscape is changing due to the emergence of disruptive technologies like digital platforms, smart water management systems, and decentralized treatment systems. This presents opportunities for both new entrants and established players to stand out from the competition and profit from changing market trends.

Key Players:

  • ASIO
  • American Water
  • Acciona
  • Aquatech International LLC
  • BioMicrobics Inc.
  • DuPont
  • Evoqua Water Technologies LLC
  • Ecolab
  • Hydro International
  • Kemira
  • Kurita Water Industries Ltd.
  • Pentair PLC
  • SUEZ Worldwide
  • Trojan Technologies
  • Veolia
  • Xylem
  • 3M  

 

Global Water Treatment Technology Recent Developments

  • March 2024, Flowserve Corporation, a prominent supplier of flow control solutions for global infrastructure markets, has announced a non-exclusive partnership agreement with Gradiant aimed at tackling complex issues in water and wastewater treatment.
  • Dec 2023, Samyang Corporation, pioneering ion exchange resin development in Korea and a frontrunner in industrial water treatment materials, has unveiled two new products and formed a specialized entity to propel its evolution into a holistic water solutions provider on the global stage.
  • Oct 2023, Ovivo and EnviroMix unveiled their strategic and exclusive partnership focused on Carrousel® projects. Leveraging Ovivo’s extensive expertise and esteemed standing in cutting-edge water and wastewater treatment solutions, alongside EnviroMix’s innovative mixing technologies, this collaboration signifies a major advancement in providing outstanding treatment capabilities for the water industry.

 

Scope of global Water Treatment Technology report

Global Water Treatment Technology report segmentation

ATTRIBUTE

DETAILS

By Technology

  • Membrane Filtration Technology
  • Two Stage Membrane Filtration
  • Ultraviolet Irradiation Technology
  • Advanced Oxidation Technology
  • Others

By End-Use

  • Building & Construction
  • Nuclear Power Plant
  • Food & Beverages
  • Others

By Geography

  • North America (USA, and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request

Pricing

  • Available upon request

 

Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

  • Global Water Treatment Technology size and forecast: To identify and estimate the market size for global Water Treatment Technology market segmented By Technology, By End-Use, and by region. Also, to understand the consumption/ demand created by consumers between 2024 and 2032.
  • Market Landscape and Trends: To identify and infer the drivers, restraints, opportunities, and challenges for global Water Treatment Technology
  • Market Influencing Factors: To find out the factors which are affecting the market of global Water Treatment Technology among consumers.
  • Company Profiling:  To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

Global Water Treatment Technology forecast period is 2024 - 2032.
According to global Water Treatment Technology research, the market is expected to grow at a CAGR of ~ 10.71% over the next eight years.
The possible segments in global Water Treatment Technology are based on By Technology, By End-Use, & by region.
The expected market size for Global Water Treatment Technology is USD 36.52 billion in 2032.
The major players in the market are ASIO, American Water, Acciona, Aquatech International LLC, BioMicrobics Inc., DuPont, Evoqua Water Technologies LLC, Ecolab, Hydro International, Kemira, Kurita Water Industries Ltd., Pentair PLC, SUEZ Worldwide, Trojan Technologies, Veolia, Xylem, and 3M.
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