According to our latest market study on " Water Treatment System Market Forecast to 2031 - Global Analysis - by Type, Connection Type, Size, Application and Geography," the water treatment system market size is expected to grow from US$ 60.17 billion in 2023 to US$ 97.55 billion by 2031. It is expected to register a CAGR of 6.2% from 2023 to 2031.
Increase in concerns regarding water quality and safety, environmental regulations, depletion of freshwater resources, health concerns, and the need for processed water in industries are anticipated to propel the demand for water treatment systems from 2023 to 2031. In addition, the rise in government initiatives to promote water treatment systems and related infrastructure in the coming years is projected to drive the market in the coming years. For instance, in March 2023, the US Agency for International Development (USAID) announced major commitments to water security, sanitation, and hygiene to support the US Global Water Strategy, 2022-2027. This is anticipated to fuel the demand for water treatment systems.
The water treatment systems market has been segmented on the basis of filtration process, type, application, industry vertical, and geography. Based on filtration process, the water treatment systems market is segmented into distillation, ultraviolet sterilization, reverse osmosis, filtration, ion-exchange, and others. In terms of type, the water treatment systems market is categorized into drinking water treatment systems, industrial water treatment systems, wastewater treatment systems, portable water treatment systems, well water treatment systems, and others. Based on application, the water treatment systems market is classified into groundwater, brackish and seawater desalination, rainwater harvesting, drinking water, and others. Based on industry vertical, the water treatment systems market is classified into agriculture, food and beverage, Commercial, mining and metals, oil and gas, pharmaceuticals, and others. By geography, the water treatment systems market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
Key Findings of Market Study:
In terms of revenue, Asia Pacific dominated the water treatment systems market in 2023. North America is the second-largest contributor to the global water treatment system market. In 2022, more than 16,000 public wastewater management facilities were operational in the US. Over 80% of the US population consumes drinking water from these facilities after proper treatment, and ~75% of the US population has sanitary treatment in these treatment facilities, which is also one of the major driving factors for the water treatment systems market in the country. Furthermore, the rising focus on water pollution reduction, the surge in requirement for water retrieval & reuse technologies, strong techno-economic networks, and the growing number of manufacturing plants are the key reasons driving the water treatment systems market in the US.
Contributions and market initiatives of the key players such as 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 influencing the water treatment system market. In addition, several other important water treatment system market players have been studied and analyzed during the study to get a holistic view of the water treatment system market and its ecosystem.
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