The global water treatment market is projected to grow 6% in 2019 and reach a total valuation of ~US$ 48,951.8 million from ~US$ 46,162.7 million in 2018 as per the recent report published by Future Market Insights. Demand for potable water, changing government regulations, and awareness of the negative impact of untreated water are tipped to be the primary growth drivers of the global water treatment market.
At present North America and Europe lead the pack in global water treatment system market, collectively capturing about 45% revenue share.
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The Safe Drinking Water Act of 1974, introduced by the US Environmental Protection Agency (EPA), establishes standards for the quality of supplied drinking water. Along with its peers, the agency carries out a number of technical and monetary projects to safeguard locals against the impending threat of illnesses. In the upcoming years, these developments are probably going to be advantageous for the North American water treatment system industry.
In western and central Europe, 97% of homes are connected to a waste water treatment facility, compared to 70% in southern, south-eastern, and eastern Europe. Thus, urban waste water treatment is currently concentrating on solving issues including changing populations, climate change, and the rise of pollutants, attracting a lot of stakeholder attention.
According to the current situation, North America and MEA are anticipated to have the majority of the market share in the global water treatment industry. Yet, the report predicts that through the projection period of 2019–2029, the market in East Asia would rise commendably. The East Asian water treatment market is currently valued at around US$10,065.6 million, and by the end of 2029, it is anticipated to have grown to US$24,376.9 million, with a CAGR of roughly 9.2%. The emphasis on improving water quality and finding a balance between the demand and supply ratio is anticipated to be the main factors driving growth.
Key Players:
3M; Koninklijke Philips N.V.; Pentair PLC; Panasonic Corporation; Unilever PLC; LG Electronics; EcoWater Systems; A.O. Smith; Culligan International Company
Water networks in Asia Pacific (APAC) are getting more complicated and extensive due to climate change, rapid urbanization, non-revenue water, and underdeveloped or ageing water infrastructure. Such challenges are translating into action items including, optimizing the performance of existing supply systems, planning and running water facilities, and managing ever-growing water demand.
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By Segmentation:
By System Type
- Preliminary Treatment
- Water Treatment
- Membrane Bio-Reactor (MBR)
- Reverse Osmosis (RO)
- Micro-Filtration (MF)
- Nano/Ultra Filtration (NF/UF)
- Disinfectants (UV, Ozone)
- Sludge treatment
- Activated Sludge
- Sludge Thickening & Dewatering
- Sludge Drying
- Other Sludge Treatment Technology
By Application
- Process Water/ Water Treatment
- Waste Water Treatment
- Zero Liquid Discharge
- Desalination
By End Use
- Residential Buildings
- Commercial Buildings
- Municipality
- Industrial
- Chemical & Petrochemicals
- Oil & Gas
- Mining & Metals
- Food & Beverage
- Pharmaceuticals
- Thermoelectric Power Plants
- Semiconductors
- Pulp & Paper
- Sugar Mills
- Textiles
- Leather
By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East
- Africa
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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