Global Water and Wastewater Treatment Equipment Market Size, Share, Growth Analysis, By Equipment, By Application, By Process - Industry Forecast 2024-2031

Global Water and Wastewater Treatment Equipment Market size was valued at USD 63.45 billion in 2022 and is poised to grow from USD 66.31 billion in 2023 to USD 94.29 billion by 2031, growing at a CAGR of 4.50% during the forecast period (2024-2031).

The demand for water in power generation and municipal applications is expected to rise, driven by increased awareness of sustainability post the COVID-19 pandemic. Water resource management is gaining renewed attention, and the projected period indicates a surge in demand for water and wastewater treatment equipment, propelled by infrastructure building programs aimed at economic recovery. Globally, waste disposal practices are evolving due to heightened awareness of their impact on animal and human health. Waste management companies must efficiently handle waste, containing hazardous materials such as metals and salts. In the refining industry, water treatment equipment plays a crucial role in downstream processing, reducing utility costs and supporting captive energy production. The market is witnessing growth, particularly in the Middle East and Asia Pacific, as major oil and gas refining economies invest in water treatment facilities. Strict regulations on wastewater emission by certain countries, led by organizations like the European Environment Agency and the United States Environmental Protection Agency, are driving significant growth in the water and wastewater treatment equipment market. This expansion is attracting companies worldwide, resulting in intense competition as new entrants join and established players explore innovative equipment manufacturing.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Water and Wastewater Treatment Equipment Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Water and Wastewater Treatment Equipment Market Segmental Analysis

The global water and wastewater treatment equipment market is segmented based on equipment, application, process, and region. On the basis of equipment, the market is segmented into membrane separation, biological, disinfection, sludge treatment, and others. Based on application, the market is segmented into municipal, and industrial. With respect to categorization by process, the market is segmented into primary treatment, secondary treatment, and tertiary treatment. Regionwise, the global water and wastewater treatment equipment market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Drivers of the Global Water and Wastewater Treatment Equipment Market

The rising global population and rapid urbanization have led to a heightened need for access to clean water, essential for drinking, sanitation, and industrial applications. This escalating requirement is fueling the demand for water and wastewater treatment equipment, as efforts intensify to secure a consistent and sustainable provision of clean water resources.

Restraints in the Global Water and Wastewater Treatment Equipment Market

Operating and maintaining water and wastewater treatment equipment demands specific expertise, and certain regions are grappling with a shortage of skilled workers in this field. This scarcity of qualified professionals can impede the widespread adoption of such equipment, potentially hindering the overall market's growth.

Market Trends of the Global Water and Wastewater Treatment Equipment Market

The rising need for uncontaminated and secure water, alongside a heightened understanding of the significance of water preservation and sustainability, is propelling the market for water and wastewater treatment equipment. Governments and regulatory entities worldwide are actively working to enhance water quality standards, contributing significantly to the market's expansion.