Water Treatment Technology Market Analysis | 2022-2028

Market Insights

The water treatment technology market was estimated at USD 176 billion in 2021 and is likely to grow at a CAGR of 4.9% during 2022-2028 to reach USD 270 billion in 2028.

Want to know more about the market scope? Register Here

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.

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.

To get the full scope of the report, Register Here

Regional Analysis

"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.

Want to know which region offers the best growth opportunities? Register Here

Key Players

The following are the key players in the water treatment technology market:

• 3M Company
• Ashland Global Holdings Inc.
• Aquatech International LLC
• AECOM
• BASF SE
• BioMicrobics, Inc.
• Coca-Cola Company
• DOW
• DuPont
• PepsiCo

Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s water treatment technology market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• 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 market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering 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 water treatment technology market is segmented into the following categories:

By Chemicals Type 

• Activated Carbon
• Antifoams and Defoamers
• Biocides
• Coagulants and Flocculants
• Corrosion and Scale Inhibitors
• Others

By Membrane System Type 

• Electrodialysis
• Gas Separation
• Microfiltration
• Reverse Osmosis
• Ultrafiltration
• Others

By End 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)

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 [email protected]