Water and Wastewater Treatment Market Analysis and Global Forecast 2023-2033

Water and Wastewater Treatment Market Overview

The Water and Wastewater Treatment Market Size is expected to reach USD 8.54 Billion by 2033. The Water and Wastewater Treatment Market industry size accounted for USD 1.04 Billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 10.87% from 2023 to 2033. The Water and Wastewater Treatment Market refers to the industry involved in the purification and management of water resources, both for consumption and for the treatment of wastewater before it is returned to the environment. This market includes technologies and solutions for water purification, desalination, filtration, disinfection, and the management of wastewater through processes such as sewage treatment and industrial wastewater treatment. The goal is to ensure safe and clean water supplies for various uses while minimizing environmental impact from wastewater discharge.

The market focuses on treating wastewater from homes, industries, and agriculture to minimize its environmental impact before releasing it back into the environment or reusing it.

Global Water and Wastewater Treatment Market Synopsis

COVID-19 Impact Analysis

The COVID-19 pandemic had several impacts on the Water and Wastewater Treatment Market. The pandemic highlighted the importance of clean water for hygiene and sanitation purposes, leading to increased demand for water treatment solutions to ensure safe drinking water supplies. Lockdowns and restrictions disrupted supply chains and workforce availability, impacting the installation, maintenance, and operation of water treatment facilities. Changes in commercial and industrial activities, such as reduced operations in certain sectors, altered water consumption patterns and wastewater characteristics, requiring adjustments in treatment processes. The pandemic underscored the need for resilient and sustainable water systems capable of handling emergencies and ensuring continuous supply and treatment capabilities.

Water and Wastewater Treatment Market Dynamics

The major factors that have impacted the growth of Water and Wastewater Treatment Market are as follows:

Drivers:

Ø  Water Scarcity and Quality Concerns

Rising concerns over water scarcity and deteriorating water quality due to pollution and industrial activities necessitate advanced treatment technologies. Innovations in water treatment technologies, such as membrane filtration, UV disinfection, and advanced oxidation processes, improve efficiency, reduce operational costs, and enhance treatment capabilities. Expansion in industrial sectors, including manufacturing, pharmaceuticals, and food processing, increases the volume and complexity of wastewater requiring treatment. Heightened awareness of waterborne diseases and contaminants encourages investment in safe drinking water systems and effective wastewater treatment infrastructure.

Restraint:

• Perception of Cost Constraints

The high capital costs associated with installing and upgrading water treatment infrastructure can be prohibitive for many municipalities and industries, especially in developing regions or during economic downturns. These costs include not only initial investment in equipment and technology but also ongoing operational and maintenance expenses. Budget limitations can delay or reduce investments in essential water treatment projects, hindering efforts to improve water quality and ensure sustainable water management practices.

Opportunity:

⮚     Growing Demand for Clean Water

Water scarcity and pollution are increasing concerns globally. This creates a demand for efficient water treatment technologies to purify existing sources and make them usable. Governments worldwide are implementing stricter regulations on wastewater discharge. This necessitates investment in upgrading wastewater treatment facilities to comply with these regulations. Much of the existing water and wastewater treatment infrastructure around the world is aging and requires replacement or refurbishment. This creates a need for new technologies and equipment. Development of new and innovative water treatment technologies like membrane filtration and advanced desalination processes offer more efficient and sustainable solutions.

Water and Wastewater Treatment Market Segment Overview

By Type

Based on Type, the market is segmented based on Membrane Separation, Disinfection, Sludge Treatment and Others. The Membrane Separation segment dominant the market. Additionally, anticipated development drivers for the market are rising production activities and rising expenditures in industrial equipment. Compared to most of the current water purification methods, membrane separation offers several advantages, including greater filtering efficiency and a small operational footprint.

By Application

Based on Application, the market segment has been divided into the Municipal and Industrial. The Municipal segment dominant the market. The increased usage of water & wastewater treatment equipment in residential and non-residential applications may be credited with the market segment’s expansion.  It is anticipated that similar programs treating effluents would boost water and wastewater treatment equipment market demand in developed countries like China and India.

Global Water and Wastewater Treatment Market Regional Analysis

Based on region, the global Water and Wastewater Treatment Market has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. North America is projected to dominate the use of the Water and Wastewater Treatment Market followed by the Asia-Pacific and Europe regions.

Water and Wastewater Treatment North America Market

North America holds a dominant position in the Water and Wastewater Treatment Market. This region leads in technological advancements and stringent regulatory frameworks, driving investments in advanced water treatment solutions. The focus is on upgrading aging infrastructure and addressing contamination issues from industrial and agricultural sources.

Water and Wastewater Treatment Asia-Pacific Market

The Asia-Pacific region has indeed emerged as the fastest-growing market for the Water and Wastewater Treatment Market industry. Rapid urbanization, industrialization, and population growth contribute to significant market expansion in this region. There’s a growing demand for water treatment technologies, particularly in countries facing water scarcity and pollution challenges.

Competitive Landscape

The global Water and Wastewater Treatment Market is highly competitive, with numerous players offering a wide range of software solutions. The competitive landscape is characterized by the presence of established companies, as well as emerging startups and niche players. To increase their market position and attract a wide consumer base, the businesses are employing various strategies, such as product launches, and strategic alliances.

Prominent Players:

• GE WATER & PROCESS TECHNOLOGIES
• Aquatech International Corporation
• Veolia Water Technologies
• WPL LIMITED
• Fluence Corporation Limited
• NAPIER REID LTD
• Calgon Carbon Corporation
• XYLEM INC.
• Kemira Oyj
• Corix Water System

Key Development

In March 2022, DuPont Water Solutions, a DuPont de Nemours, Inc. business and global leader in water and wastewater treatment technologies, today announced a major transformation of the OxyMem Membrane Aerated Biofilm Reactor (MABR) at its manufacturing facility in Athlone, Ireland. The investment in the facilities and employees at the Athlone site will help meet the increasing global demand for MABR.

In October 2021, Kurita Water Industries Ltd. (Head Office: Nakano-ku, Tokyo; President: Michiya Kadota; hereinafter “Kurita”) is pleased to announce that it has developed and started applying the Power Bio E-PLUS a new technology of purifying soil contaminated with volatile organic compounds (VOCs), part of the contaminants in soil and groundwater, without soil excavation. Scope of the Report

Global Water and Wastewater Treatment Market, by Type

• Membrane Separation
• Disinfection
• Sludge Treatment
• Others

Global Water and Wastewater Treatment Market, by Application

• Municipal
• Industrial

Global Water and Wastewater Treatment Market, by Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Benelux
  • Nordic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • Indonesia
  • Austalia
  • Malaysia
  • India
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of Middle East & Africa

 

Parameters	Indicators
Market Size	2033: USD 8.54 Billion
CAGR (2023-2033)	10.87%
Base year	2022
Forecast Period	2023-2033
Historical Data	2021 (2017 to 2020 On Demand)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Segmentations	Type, Application
Geographies Covered	North America, Europe, Asia-Pacific, South America, Middle East, Africa
Key Vendors	GE WATER & PROCESS TECHNOLOGIES, Aquatech International Corporation, Veolia Water Technologies, WPL LIMITED, Fluence Corporation Limited, NAPIER REID LTD, Calgon Carbon Corporation, XYLEM INC., Kemira Oyj and Corix Water System.
Key Market Opportunities	·       Growing Demand for Clean Water ·       Aging Infrastructure
Key Market Drivers	·       Water Scarcity and Quality Concerns ·       Technological Advancements

 

REPORT CONTENT BRIEF:

• High-level analysis of the current and future Water and Wastewater Treatment Market trends and opportunities
• Detailed analysis of current market drivers, restraining factors, and opportunities in the future
• Water and Wastewater Treatment Market historical market size for the year 2021, and forecast from 2023 to 2033
• Water and Wastewater Treatment Market share analysis at each product level
• Competitor analysis with detailed insight into its product segment, Government & Defense strength, and strategies adopted.
• Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations, and partnerships as well as funding taken and investment done, among others.
• To identify and understand the various factors involved in the global Water and Wastewater Treatment Market affected by the pandemic
• To provide a detailed insight into the major companies operating in the market. The profiling will include the Government & Defense health of the company’s past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.