Water Treatment Technology Market Size, Share, Trend, Forecast, & Industry Analysis – 2022-2028
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Water Treatment Technology Market Size, Share, Trend, Forecast, & Industry Analysis – 2022-2028
The Water Treatment Technology Market is segmented by Chemicals Type (Activated Carbon, Antifoams and Defoamers, Biocides, Coagulants and Flocculants, Corrosion and Scale Inhibitors and Others), byMembrane System Type (Electrodialysis, Gas Separation, Microfiltration, Reverse Osmosis, Ultrafiltration and Others), byEnd User Type (Industrial, Municipal and Others), and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The U.K., Russia, and Rest of Europe], Asia-Pacific [China, Japan, India, South Korea, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, Israel, and Others]).
The Water Treatment Technology Market is segmented by Chemicals Type (Activated Carbon, Antifoams and Defoamers, Biocides, Coagulants and Flocculants, Corrosion and Scale Inhibitors and Others), by Membrane System Type...
"The water treatment technology market was estimated at US$ 176 billion in 2021 and is expected to grow at a CAGR of 4.9% during 2022-2028 to reach US$ 270 billion in 2028".
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Market Dynamics
Introduction
Water treatment technology includes the processes, methods, and systems used to prepare water for a specific purpose, such as drinking, industrial use, irrigation, or environmental discharge. The primary goal of water treatment technology is to remove or reduce contaminants, impurities, pathogens, and undesirable substances from water, thus improving its quality and safety. The increase in the development and improvement of water hygiene and water supply is one of the trends seen under water treatment technologies. Companies and governments are focusing on the improvement of water hygiene and water supply.
Safe and sustainable drinking water is the basic essential of civilization. Treating water to make it fit for use for various purposes and sustainable development is the need of the hour. Water treatment is the process where water is processed of all chemical, biological, natural as well as physical hazards so that it can be used for various purposes both in household as well as industrial purposes.
Another important factor that needs to be highlighted here is that water needs to be non-corrosive after the purification. With the rise in urban migration, cities and towns have become the hub for population influx. This has resulted in a rise in the demand for water both for consumption as well for industrial uses.
Thus, water needs to be treated for sustainable use. In most cases in urban centers, water is collected from various sources like lakes, rivers, and water reservoirs and then treated in treatment plants and distributed according to the laws of the concerned state or province.
Water Treatment Technology Market Report Overview
Market Size in 2028
USD 270 Billion
Market Size in 2021
USD 176 Billion
CAGR (2022-2028)
4.9%
Base Year of Study
2021
Trend Period
2016-2020
Forecast Period
2022-2028
Market Drivers
According to Conagua, the system used to supply water to the Valley of Mexico, the large section of the country that includes Mexico City, creates around 2 billion tons of carbon emissions annually. The constant exploitation of wells has heavily impacted the water supply in Mexico. The continual extraction of groundwater has caused the level of city water to go down by 30 cm per year. Overexploitation of the aquifers has also led to a deterioration of water quality, owing to saline intrusion, seawater intrusion; and untreated urban and industrial wastewater discharge.
According to UN-Water, Industries and agriculture are the major causes of water pollution. About 80% of municipal wastewater is discharged into bodies of water untreated. Industries are responsible for dumping millions of tons of heavy metals, toxic sludge, solvents, and other waste into bodies of water each year. Moreover, Agriculture accounts for about 70% of water abstraction and plays a major role in water pollution. Farms discharge large quantities of organic matter, sediments and saline drainage, and agrochemicals into bodies of water.
Due to population growth and industrialization in numerous end-use sectors where water treatment technology is utilized to provide clean, drinkable water, the demand for chemically treated water rose. For instance, spending by the Department of Water Resources climbed at a 5% annual growth rate from 2016 to 2021, according to a report released by the Indian Ministry of Jal Shakti.
This could be one of the major forces boosting the market for water treatment technology. Additionally, due to a shortage of freshwater resources, both developed and emerging nations experience water scarcity issues. As a result, governments have increased their focus on water treatment technology to provide clean and usable water.
However, due to the high cost of water & wastewater treatment equipment, the price of water treatment technology has gone up recently. Additionally, there are several steps in the technology used to cleanse water that needs for powerful devices that can only be operated by qualified experts. The market for water treatment technologies is thus hampered by expensive equipment and a lack of qualified workers.
On the other hand, the development of energy-efficient water technology systems was a result of technological developments and rising R&D activity. For instance, Pure Aqua Inc. created a reverse osmosis system that uses around 30% less energy than traditional reverse osmosis systems while still being able to filter undesired dissolved particles from water.
Segment Analysis
By Membrane System Type
"Reverse osmosis holds the largest market share in the membrane system segment in 2021".
Electrodialysis, gas separation, microfiltration, reverse osmosis, ultrafiltration, and others comprise the membrane system category. Reverse osmosis holds the largest market share in the membrane system segment in 2021. The high share is mainly attributed to the widespread use of reverse osmosis technology in emerging nations like China and India.
"North America is likely to maintain its supremacy in the water treatment technology market throughout the forecast period".
North America is likely to maintain its supremacy in the water treatment technology market throughout the forecast period. Technological advancements and demand for desalination due to the increased scarcity of freshwater reserves are some of the key factors that are boosting the growth in the North American water treatment technology market.
Concurrently, the water treatment technology market in the Asia Pacific is anticipated to expand at the highest CAGR during the forecast period. This is due to the region's growing freshwater shortage, which has increased demand for water treatment technology to produce clean, drinkable water. To alleviate the shortage of fresh water, nations like China, India, and Australia place a strong emphasis on the construction of water treatment facilities.
For instance, the National Institution for Transforming India (NITI Aayog) reported in February 2021 that the market for wastewater treatment plants in India was valued at $2.4 billion in 2019 and was expected to reach $4.3 billion by 2025 as a result of the country's growing need for municipal and sewage water treatment plants. This is anticipated to aggressively penetrate the Asia-Pacific market for water treatment technologies.
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Key Players
The following are the key players in the Water Treatment Technology Market (arranged alphabetically)
There is stiff competition in the water treatment technology market. The growth of the companies is directly dependent on the industry conditions and government support. These companies differentiate their Water Treatment Technology based on their quality and penetration in the target and emerging markets. Also, some major mergers and acquisitions in the industry recently have significantly influenced the competitive dynamics. For example:
The chemical and process technology business Kemira increased its capacity for production in the UK in November 2021. The company announced that at its U.K. facilities, it would increase annual production of ferric-based water treatment chemicals by more than 100,000 tonnes.
The maker of specialty chemicals for pulp, paper, oil and gas, chemical processing, etc., Solenis, bought the Mexican company Poliqumicos, S.A. de C.V. (Poliqumicos) in July 2020. Manufacturer and distributor of specialized chemical solutions for water-intensive industries, Poliqumicos. Solenis' sales in the Mexican market have increased as a result of the acquisition of Poliqumicos, as have its production capacities there.
Purolite, a chemical manufacturing company that offers high-quality purification and separation solutions, was bought by Ecolab in October 2021. The acquisition was planned to be a US$3.7 billion cash transaction. In a wide range of applications, Ecolab creates and provides services, technologies, and systems that are focused on water treatment, purification, cleaning, and hygiene.
Note: The above list does not necessarily include all the top players in the market.
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Report Features
This report provides intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players and those willing to enter the market.
What Deliverables will you get in this report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the Water Treatment Technology Market
How lucrative is the future?
The market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market Segment Analysis and Forecast
Which are the top players and what is their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirements?
10% free customization
Segmentation
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The market is segmented into the following categories:
By Chemicals Type
Activated Carbon
Antifoams and Defoamers
Biocides
Coagulants and Flocculants
Corrosion and Scale Inhibitors
Others
ByMembrane System Type
Electrodialysis
Gas Separation
Microfiltration
Reverse Osmosis
Ultrafiltration
Others
ByEnd User Type
Industrial
Municipal
Others
By Region
North America (Country Analysis: The USA, Canada, and Mexico)
Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and the Rest of Asia-Pacific)
Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to three players)
SWOT analysis of key players (up to three players)
Competitive Benchmarking
Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com
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Water treatment technology refers to the processes and methods used to purify water, making it suitable for various purposes such as drinking, irrigation, industrial processes, and wastewater disposal. These technologies aim to remove contaminants, microorganisms, pollutants, and undesirable components from water to make it safe and clean for consumption or other uses.
Reverse osmosis holds the largest market share in the membrane system segment in 2021. The high share is mainly attributed to the widespread use of reverse osmosis technology in emerging nations like China and India.
