NEW YORK, Oct. 9, 2023 /PRNewswire/ -- The water and wastewater treatment equipment market size is expected to grow by USD 22.85 billion between 2022 and 2027. However, the growth momentum of the market will progress at a CAGR of 4.87% during the forecast period. The market is segmented by Type (Primary treatment, Secondary treatment, and Tertiary treatment), Application (Municipal and Industrial), and Geography (APAC, North America, Europe, Middle East and Africa, and South America). The report also covers information on market drivers, trends and challenges. Explore detailed information by purchasing a report
Increasing global concerns regarding water scarcity drive market growth. The growing global pressure caused by diminishing water resources drives the demand for water and wastewater treatment devices. Furthermore, according to the World Water Development Report, the report stated that with the global population growing rapidly, the demand for water is expected to increase by nearly one-third by 2050. Hence, such factors drive the growth of the water and wastewater treatment equipment market during the forecast period. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View Free PDF Sample
Key Highlights:
- The report recognizes the following as some of the key players in the water and wastewater treatment equipment market: Accesstech Engineering Pte Ltd, AllWater Technologies Ltd., Aries Chemical Inc., Axon Group, Control Niroo Hooshmand Co., Cortec Corp., DeZURIK Inc., Evoqua Water Technologies LLC, Fluence Corp. Ltd., Ingersoll Rand Inc., KURARAY Co. Ltd., Metito Group, Ringwood Environmental Inc., Samco Technologies Inc., SUEZ SA, Sulzer Management Ltd., Thermax Ltd., WOG Group, Xylem Inc., and WABAG Group.
- Water and Wastewater Treatment Equipment Market is fragmented in nature.
- Market to observe 4.32% YOY growth in 2023.
Market Dynamics:
Trend
- The use of analytics to drive efficiency is an emerging water and wastewater treatment equipment market trend.
- Big data has created a buzz in every industry by highlighting some important aspects related to data and as every industry generates an enormous amount of data related to its various processes, equipment, and other assets, which are not being fully utilized for enhancing operational efficiency.
- Additional efficiency can be achieved by using these systems' enhanced reporting capabilities to analyze trends in their data.
- Hence, such trends fuel the growth of the water and wastewater treatment equipment market during the forecast period.
Challenge
- The operational and technical challenges impede the growth of the water and wastewater treatment equipment market.
- Various operating challenges are posed while installing and operating water and wastewater treatment equipment.
- Additionally, there is a significant level of costs and the increasing energy consumption, the lack of skilled staff, and the environmental footprint left by water and wastewater treatment processes are some of the common challenges faced by industrial end-users.
- Hence, such challenges hinder the growth of the water and wastewater treatment equipment market during the forecast period.
Keg Segments:
The primary treatment segment is significant during the forecast period. Primary treatment is a crucial step in both water and wastewater treatment processes as it involves removing solids and organic material from the water at an early stage of wastewater before proceeding to secondary and tertiary treatment steps. Furthermore, in the global market, the primary treatment facilities include a range of devices and systems intended to perform the first separation tasks. Get a glance at the market contribution of the segments, Request Free Sample
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Water And Wastewater Treatment Equipment Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.87% |
Market growth 2023-2027 |
USD 22.85 billion |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
4.32 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 49% |
Key countries |
US, China, Germany, Russia, and France |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Accesstech Engineering Pte Ltd, AllWater Technologies Ltd., Aries Chemical Inc., Axon Group, Control Niroo Hooshmand Co., Cortec Corp., DeZURIK Inc., Evoqua Water Technologies LLC, Fluence Corp. Ltd., Ingersoll Rand Inc., KURARAY Co. Ltd., Metito Group, Ringwood Environmental Inc., Samco Technologies Inc., SUEZ SA, Sulzer Management Ltd., Thermax Ltd., WOG Group, Xylem Inc., and WABAG Group |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Type
Market Segmentation by Application
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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