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Water and Wastewater Treatment Equipment Market worth $87.7 billion by 2029 Globally, at a CAGR of 5.0% says MarketsandMarkets™
Chicago, June 03, 2024 (GLOBE NEWSWIRE) -- The Water and Wastewater Treatment Equipment Market Was Valued at USD 68.7 Billion in 2024 and is Projected to Reach USD 87.7 Billion by 2029, Growing at 5.0% CAGR in Terms of Value, as Per the Recent Study by MarketsandMarkets™. The market growth is driven by increasing water scarcity concerns which in turn drives the adoption of sustainable water management practices. The increase in industrial water consumption and discharge and growing global population along with rising industrialization and urbanization.
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Browse in-depth TOC on "Water and Wastewater Treatment Equipment Market".
250 - Market Data Tables 49 - Figures 266 - Pages
List of Key Players in Water and Wastewater Treatment Equipment Market:
Veolia (France)
Xylem (US)
Ecolab (US)
DuPont (US)
Pentair (UK)
3M (US)
Aquatech International (US)
Thermax Limited (India)
Culligan Water (US)
Calgon Carbon Corporation (US)
Drivers, Restraints, and Opportunities in Water and Wastewater Treatment Equipment Market:
Driver: Lack of freshwater and water scarcity concerns driving the adoption of sustainable water management practices
Restrain: Stringent regulation in wastewater industry
Opportunity: Smart water management and data analysis & Focus on Reuse and Recycling
Challenge: High installation, equipment & operational costs
Key Findings of the Study:
Tertiary is the largest sub-segment amongst the process segment in the water & wastewater treatment equipment market in 2024, in terms of value.
"Filtration accounted for the largest by product type share of the water & wastewater treatment equipment market in 2024" in terms of value.
Municipal accounted for the largest end-user for the water & wastewater treatment equipment market, in terms of value in 2024.
Asia pacific is the largest market for water & wastewater treatment equipment Market in 2024, in terms of value.
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Based on product type, the water and wastewater treatment equipment market has been segmented into filtration, disinfection, desalination, sludge treatment, biological, testing and others. Filtration accounted for the largest share, in terms of value, of the global market in 2024.
The filtration segment is the largest in the water and wastewater treatment equipment market due to several key factors. Firstly, filtration is a fundamental and essential step in water treatment processes, regardless of the source or type of water being treated. Filtration systems effectively remove suspended solids, contaminants, and impurities, improving water quality and making it suitable for various applications such as drinking water supply, industrial processes, and agricultural use. Secondly, with increasing concerns about water pollution and the need for clean water globally, there is a growing demand for reliable and efficient filtration solutions. This demand is particularly pronounced in rapidly developing regions where water quality issues are more prevalent. Additionally, advancements in filtration technologies, such ...