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Water Treatment System Market was valued at US$ 60.17 billion in 2023 and is expected to reach US$ 97.55 billion by 2031; it is estimated to record a CAGR of 6.2% from 2023 to 2031

Water Treatment System Market

The growing investments in the development of smart cities in developing countries are driving the water treatment system market. In March 2023, the Canadian Kelowna City Council announced approval for the funding of US$ 90 million for the Kelowna Airport terminal expansion project. As of 2023, in the US, six new airports are currently under construction. Also, in 2022, the Government of India announced its plans to establish 220 airports by the end of 2025. In 2023, the government also approved US$ 3.93 billion for seven transformative railway projects to boost connectivity. Thus, the development of smart cities is anticipated to bring new trends in the water treatment systems market.

Growing Government Regulations Fuels Water Treatment System Market Growth

Approximately 78% of the wastewater stays untreated and is disposed of in groundwater, rivers, or lakes, which causes critical water pollution. Governments of various countries across the globe are strengthening their regulatory policies to enhance the overall water quality, along with encouraging the deployment of water treatment systems in various industries. In the US, the Environmental Protection Agency controls wastewater management, while the National Pollutant Discharge Elimination System gives permits to all wastewater treatment facilities. Furthermore, the Water Pollution Control Act supports agencies to guarantee that water obtained for industrial applications is utilized efficiently. In India, The National Minimum Standard was developed for various industrial sectors to manage water pollution and maintain industrial water quality. The law delegates the installation of meters to measure the amount of water used in industries in various processes, operations, and treatment and disposal systems. As an outcome of such strict control on the application of purified water, the demand for water systems is growing in India. Thus, the growing government focus on addressing environmental concerns and increasing sustainability drives the water treatment systems market.

Water Treatment System Market Analysis: Filtration Process Overview

Based on filtration process, the market is segmented into distillation, ultraviolet sterilization, reverse osmosis, filtration, ion exchange, and others. The reverse osmosis segment held the largest share of the water treatment system market in 2023, accounting for 24.9%. The filtration segment is projected to grow with the highest market share during the forecast period. The water treatment systems market growth for this segment is attributed to the increased water pollution and clean drinking water shortage, primarily in developing nations. Moreover, filtration has become a largely preferred method among community and municipal water treatment systems. Furthermore, small and medium-sized industries are increasingly demanding temporary water treatment facilities as they reduce installation costs and time, require minimum capital installation, and deliver a high amount of quality water. These factors bolster the growth of the market for the filtration segment. In addition, the increasing demand for water for daily use among the exponentially growing population is expected to propel the need for water treatment systems in the coming years.

Water Treatment System Market Analysis: Type Overview

By type, the water treatment system market is categorized into drinking water treatment systems, industrial water treatment systems, wastewater treatment systems, portable water treatment systems, and well water treatment systems. The drinking water treatment system segment held the largest share of the water treatment systems market in 2023. As temperature rise leads to an increase in water demand, the amount of available freshwater can decline in a few regions, increasing competition for remaining water resources. For example, in a warming climate, increased evaporation rates and melting snowpack will reduce the supply of freshwater and groundwater available for human use across the globe. Hence, the demand for water treatment systems is expected to increase for reuse from other sources such as wastewater and seawater. Drinking water treatment systems include filtration systems, reverse osmosis systems, distillation systems, desalination systems, and UV treatment systems. These drinking water treatment systems have been increasingly used in municipal, residential, commercial, and industrial applications in the past few years. In addition, the rise in drought and heavy floods across different regions is projected to fuel the demand for drinking water treatment systems.

Water Treatment System Market: Competitive Landscape and Key Developments 

Hitachi Zosen Corporation; Pentair PLC; Thermax Limited; Xylem Inc; Veolia Environnement SA; Pall Corp; Culligan International Co; Dupont De Nemours Inc; Thermo Fisher Scientific Inc; 3M Co.; Aqua Filsep Inc; Pure Aqua, Inc.; RITE Water Solutions (India) Pvt. Ltd.; Aquatec International LLC; and Filtra-Systems Company LLC are the key players profiled in the water treatment system market report. In addition, several other important water treatment system market participants have been studied and analyzed during the report to get a holistic view of the water treatment system market and its ecosystem. Raw material suppliers play a crucial part in the growth of the market. Raw material suppliers, component manufacturers, and end users are among the major stakeholders in the global water treatment system market ecosystem. The rise in demand for water treatment systems has positively benefitted the suppliers that are offering a wide range of raw materials.

YearNewsCountry
2024QUA, a leading innovator in advanced membrane technologies for water and wastewater treatment, announced the commencement of production at its new state-of-the-art membrane manufacturing center in Pune, India. The new facility marks a significant milestone in QUA’s ongoing expansion and reinforces its commitment to solving water scarcity and complexity.APAC
2023Aquatech, a leading global water and process technologies provider, and Fluid Technology Solutions, Inc. (“FTS”), a technology-forward manufacturer of advanced membranes and separation technologies, have entered into a strategic partnership aimed at delivering the next generation of advanced separation, brine concentration, and water reuse solutions. Aquatech and FTS will work together to deliver advanced water treatment technology and process solutions in key markets, including brine mining, lithium and critical minerals, inland desalination, and minimal/zero liquid discharge (MLD/ZLD). This partnership aims to refine and elevate higher brine concentration technology, focusing on high recovery, low energy consumption, and achieving the lowest CO2 footprint at the highest water and mineral recoveries.North America

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