The Water Treatment Systems Market is expected to reach USD 34.03 billion in 2028 and the growth rate is projected to be 6.5%. The market is valued at USD 18.52 billion in 2020
The water treatment systems market size is projected to reach approximately USD 34.03 billion by 2030, at a CAGR of 6.50% from 2022 to 2030. Demand for potable water has increased with a rising population and pollution levels. This is a major driving factor for the water treatment systems market, as an increasing population implies more drinking water, which must be treated before being packaged in bottles for public consumption. Increasing health awareness in most regions promises to escalate the overall market demand during the forecasted period. Stringent government regulations related to minimizing water contamination help the market to grow for the projected period.
COVID-19 Impact Analysis
The effects of COVID-19 on both the world population and economy were profound. The COVID-19 disaster is expected to cause a significant economic fall. The epidemic caused several manufacturing plants and supply chain networks worldwide to shut down completely. Due to market supply problems brought on by the epidemic, operational reliability became even more crucial. Worldwide demand for water treatment systems has decreased due to a decline in large industrial and commercial activity demand. However, the market is rebounding due to improved industrial performance ly and rising automation at water treatment facilities in many nations.
Water treatment systems Market Dynamics
The rise in demand for clean water for industrial purposes and drinking across the globe is one of the major factors driving the water treatment systems market growth. The surge in government initiatives for the supply of clean and purified water and the rise in the rate of water pollution contributed by industrialization, coupled with the unregulated disposal of chemical materials and debris from construction activities, accelerate the market expansion. Water treatment is used in industrial processes where water hardness, pH, and TDS contents to optimal levels are required. A rise in concerns regarding the incidences of water-borne diseases further influences the market.
The Internet of Things has allowed smart water purification systems to emerge as a unique technological trend in the water purification industry. These smart purifiers are strategically developed to substitute traditional reverse osmosis and ultraviolet water purification systems. They are compact and suitable for usage with smartphones. Water contamination happens when impurities are directly or indirectly released into the water without adequate treatment to extract harmful contaminants. The most significant water contaminants initiated by human activities are microbial pathogens, heavy metals, nutrients, persistent organic matter, pesticides, suspended sediments, and oxygen-consuming substances.
Nanotechnology advancements and a concentration of microorganisms in bio-microelectronic devices
Rising need for a constant supply of water for industrial applications
Reverse osmosis filters and ultra-violet filters are costly. A technically skilled workforce is needed to achieve the optimal design and meet standard regulations, increasing filters' production costs. The maintenance cost of point-of-use water treatment systems depends upon filters and the technology required.
Increasing awareness about water-borne diseases
Water-borne diseases are caused owing to infections by pathogens such as bacteria, protozoa, viruses, parasitic worms, algae, and other metal contaminants. The consumption of metal-contaminated water leads to typhoid, diarrhea, malaria, chlorella, campylobacteriosis, lead poisoning, and others. These diseases spread while drinking, washing, showering, or eating food infected by raw and untreated water. Furthermore, some Asia-Pacific countries, such as Pakistan, Bangladesh, and Nepal, face huge problems connected to clean water. Being developing and underdeveloped, these economies lack the financial stability to provide clean drinking water.
Scarcity of clean water in developing countries
By Technology Insights
Based on technology, the water treatment systems market segmentation is filtration, reverse osmosis, water softener, distillation, sedimentation, and others. The water treatment systems market growth was prominently high under the reverse osmosis category in 2021. Numerous dissolved or suspended bacterial and amoebic particles can be removed from water using reverse osmosis. Filtration methods used in reverse osmosis systems include sediment and carbon. Carbon filters in the RO system eliminate chlorine, bad taste, and odors, while sediment filters eliminate dirt and debris.
Additionally, contributing significantly to sales share in 2021 was the category for distillation systems. Because distillation devices only generate a limited volume of treated water, they are provided as point-of-use units at the faucet. Point-of-use distillation systems eliminate certain organic impurities, purify water, and reduce the number of harmful metals. Chlorine dioxide, chlorination, ozone, UV radiation, and chloramines are all used in disinfection systems. UV water disinfection technology emits ultraviolet radiation with a wavelength of 253.7 nanometers to kill bacteria, viruses, algae, and molds.
By Application Insights
The water treatment systems market segmentation, based on application, is commercial, industrial, and infrastructure. In 2021 the infrastructure category had a prominent market share, owing to increasing health consciousness among young populations can be linked to the growing adoption of water purification systems. However, the commercial was the fastest growing category due to growing water treatment needs in malls, offices, commercial spaces, and other institutions with high-volume consumption of high-quality water. Besides, the industrial category is anticipated to grow at a significant rate. According to the water treatment systems report, the emphasis on delivering high-quality water for home and industrial applications is developing due to the increased demand for freshwater from end-use industries. Consequently, the water treatment system market is anticipated to experience rapid expansion in the years to come. Water is one of the most important utilities in the industrial, construction, and mining industries. Businesses need large amounts of water for cleaning, processing, and other purposes.
Global Water Treatment Systems Market Share, by Region, 2021 (%)
Water treatment systems Market Overview, by Region
By region, the water treatment systems market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific accounted for the most extensive market share. Europe will exhibit the highest CAGR during the water treatment systems market forecast period.
Asia-Pacific held a prominent market share in 2021. Rapid regional urbanization creates lucrative opportunities for water treatment systems. As per the World Bank Data, East Asia & Pacific is the globe's most urbanizing region, with a rate of 3% every year. One-third of the globe's urban population resides in this region. China is the prominent consumer of water treatment systems, as observed by Japan, due to growing awareness about the advantages of water treatment systems. India is anticipated to register the highest growth rate over the forecast period. Additionally, it is projected that the region's limited supply of clean drinking water would encourage the usage of water treatment technologies during the projection period. Consumers' increasing purchasing power and the region's increasing focus on water treatment are anticipated to fuel market expansion throughout the forecast period.
Europe accounted for the second-largest market share in 2021 because the growing water consumption for household utilization would increase demand for point-of-use water treatment systems in this region. As per the European Environment Agency, around 12% of the total water is depleted by European households. On average, 144 liters of water are provided based on per person per day. Furthermore, it is anticipated that the construction industry in Europe will grow due to the increased infrastructure development activities and the quick modernization and repair of buildings to increase their energy efficiency. Due to the region's robust economic expansion, the construction of commercial infrastructure, including offices, hotels, restaurants, offices, and recreational facilities, is expanding.
Water treatment systems Market Competitive Landscape
The market includes tier-1, tier-2, and local players. The tier-1 and tier-2 players have reach with diverse product portfolios. Companies such as Culligan, Watts Water Technologies Inc., BWT Aktiengesellschaft, Aquasana, Inc., Pure Aqua, Inc., Calgon Carbon Corp. dominate the market due to strategic developments, product differentiation, financial stability, and diversified regional presence. The players are concentrating on supporting research and development. Moreover, they embrace strategic growth initiatives, such as product introduction, development, joint ventures, and partnerships, to strengthen their market position and capture an extensive customer base., joint ventures, and partnerships, to strengthen their market position and capture an extensive customer base.
Prominent players in the water treatment systems market research include Culligan, Watts Water Technologies Inc., BWT Aktiengesellschaft, Aquasana, Inc., Pure Aqua, Inc., Calgon Carbon Corp., EcoWater Systems LLC, FilterSmart, Aquaphor, and WCC (Water Control Corp.) among others.
Scope of the Water treatment systems Market Report
Objectives of the Study
The objectives of the study are summarized in 5 stages. They are as mentioned below:
To identify and estimate the water treatment systems market size for the water treatment systems segmented by technology and application by value (in US dollars). Also, to understand the consumption/ demand created by consumers of water treatment systems between 2022 and 2030
To identify and infer the drivers, restraints, opportunities, and challenges.
To find out the factors which are affecting the sales of water treatment systems among consumers
To identify and understand the various factors involved in the market affected by the pandemic
To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company in the past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.
|Water Treatment Systems Market Size||2030: USD 34.03 billion|
|(CAGR)||6.50% CAGR (2022-2030)|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Technology, Application, Delivery Mode, Component, and End-User|
|Geographies Covered||North America, Europe, Asia-Pacific, and the Rest of the World (RoW)|
|Key Vendors||3M, BWT Aktiengesellschaft, Culligan, Watts Water Technologies Inc., Honeywell International Inc., DuPont, Panasonic, and Pentair plc|
|Key Market Opportunities||Increasing awareness about water-borne diseases|
|Key Market Drivers||Increasing water contamination|
The water treatment systems market forecast period is 2022 - 2030
The market is expected to register a CAGR of ~6.50% over the next 10 years, according to the water treatment systems market research.
Europe is expected to register the highest CAGR during 2022 - 2030
Asia Pacific held the largest share in 2021
The size of the market is expected to be USD 35.6 billion by 2030.
3M, Honeywell International Inc., BWT Aktiengesellschaft, Culligan, Watts Water Technologies Inc., DuPont, Panasonic, and Pentair plc are the major companies operating in the market.