According to a new report published by Allied Market Research, titled, "Water Recycle and Reuse Market," The water recycle and reuse market was valued at $17.8 billion in 2022, and is estimated to reach $50.7 billion by 2032, growing at a CAGR of 11.2% from 2023 to 2032.
Advancements in water treatment technologies, such as membrane filtration and advanced oxidation processes, have improved water quality and increased access to safe drinking water. These technologies also enable the effective removal of emerging pollutants, expanding the range of contaminants that can be eliminated from wastewater or recycled water. The demand for recycle water is driven by the improved efficiency, reliability, and expanded contaminant removal capabilities offered by these advanced treatment methods.
However, the psychological barrier poses a notable challenge to the acceptance of recycled water. Negative perceptions and aversions towards using water previously deemed as wastewater, coupled with limited public awareness and understanding of treatment processes, contribute to resistance. All these factors hamper the growth of the water recycle and reuse market.
Population growth and urbanization intensify the strain on natural water sources, leading to increased water demand and potential scarcity. The extraction of water for urban and agricultural needs further exacerbates the pressure on limited resources. To address these challenges, it is crucial to invest in water infrastructure to meet the growing demand, enhance water access, minimize leakage, and ensure improved water quality. All these factors are anticipated to offer new growth opportunities for water recycle and reuse during the forecast period.
The water recycling and reuse market is segmented on the basis of equipment type, end-use industry, and region. By equipment type, the market is segmented into filtration, machinery, tanks, pipes & drains, and others. The end-use industry covered in the report includes residential, commercial, and industrial. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By equipment type, the market is segmented into filtration, machinery, tanks, pipes & drains, and others. The others segment including sludge handling equipment, grit chambers, and monitoring & control systems is anticipated to grow at the fastest during the forecast period. The demand for water recycling and reuse infrastructure such as pipes and drains is expanding across sectors such as industry, commercial buildings, agriculture, and municipalities.Monitoring systems collect data from various sensors and instruments installed in the water recycling and reuse system. These sensors measure parameters such as water flow rates, pH levels, temperature, turbidity, dissolved oxygen, and other relevant variables.
- The residential segment is anticipated to grow at the fastest CAGR during the forecast period. Integrating water recycling and reuse systems in new residential developments enables efficient utilization of water resources and establishes sustainable water practices from the start. Rainwater harvesting involves collecting rainwater from rooftops or other surfaces and storing it for later use. Rainwater can be used for tasks such as watering gardens, washing cars, or even flushing toilets, reducing the demand for freshwater supplies. Rain barrels, cisterns, or underground tanks are commonly used to capture and store rainwater.
- The Asia-Pacific region showcased the fastest CAGR growth during the forecast period. Asia-Pacific region has a significant industrial and agricultural sector that heavily relies on water resources. Implementation of water recycling and reuse practices in industries and agriculture contributes to water conservation, reduces dependence on freshwater sources, and improves overall water efficiency.
- Key players in the water recycle and reuse industry include Alfa Laval AB, Aquatech International LLC, Aquatherm Water Treatment, Aries Chemical Inc., DeLoach Industries Inc., Ecolab Inc., Element Solutions Inc., Evoqua Water Technologies LLC, Industrial Water Equipment Ltd, and Hitachi Ltd. These players have adopted several strategies to foster the market growth.
Key findings of the study:
- The report outlines the current water recyce and reuuse market share and future scenario of the market from 2022 to 2031 to understand the prevailing opportunities and potential investment pockets.
- The water recycle and reuse market size is provided in terms of revenue.
By equipment type, the machinery segment accounted for more than one-third and dominated the market in 2022.
By end-use industry, the industrial segment dominated the market in 2022, growing with a CAGR of 10.9%.
By region, Asia-Pacific was collectively the highest revenue contributed and the fastest growing segment in 2022, and is estimated to register a CAGR of 11.5%.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the water recycle and reuse market analysis from 2022 to 2032 to identify the prevailing water recycle and reuse market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- Water recycle and reuse market forecast in-depth analysis of the segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global water recycle and reuse market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Equipment Type
- Filtration
- Machinery
- Tanks
- Pipes and Drains
- Others
By End-Use
- Residential
- Commercial
- Industrial
By Region
- North America
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players:
- Alfa Laval AB
- Aquatech International LLC
- Aquatherm Water Treatment
- Aries Chemical Inc.
- DeLoach Industries Inc.
- Ecolab Inc.
- Element Solutions Inc.
- Evoqua Water Technologies LLC
- Hitachi Ltd.
- Industrial Water Equipment Ltd.