The human race is facing a monstrous issue of water scarcity, and water treatment plants are one of the few ways out of this calamity humans have brought on themselves. Setting up water treatment plants allows some amount of wastewater to be used again for essential and lifesaving applications. Nations worldwide have recognized the power of the water treatment process, and multiple water treatment plants are being installed globally to mitigate the growing impact of water scarcity and global warming. As a result of such realizations, the global water treatment equipment market was valued at US$ 51.05 billion in 2017. Based on the detailed analysis and consideration of various influencing factors, the market is expected to continue its ascent to reach US$ 86.98 Bn in 2026, accelerating at a 6.1% growth rate from 2018 to 2026.
Market Synopsis
Membrane Equipment Trying to Dethrone Conventional Filter Equipment from its Pinnacle Position
In 2017, conventional filtration equipment claimed the largest share of the global water treatment market, as this equipment is extensively used across several end-use applications and especially in industrial manufacturing. Stringent government regulation and growing pressure from environmental organizations encouraged the industrial manufacturing and processing sectors to incorporate conventional filter equipment for treating water. However, membrane treatment processes such as reverse osmosis, microfiltration, and ultrafiltration are expected to gain momentum over conventional filter equipment in the coming years. Desalination of seawater for drinking and municipal end-users is one of the biggest drivers for membrane equipment to grow as the fastest-growing segment in the coming years.
In terms of market value, Industrial Manufacturing is by far the best among other water treatment equipment end-users.
Industrial manufacturers and end-users across several nations have to abide by stringent regulations for treating water before discarding it. Consequently, industrial manufacturing is the top consumer of water treatment equipment, a segment projected to reach new heights with rapid industrialization. Municipal end-users also play a vital role in the overall water treatment equipment market. Municipal organizations use water treatment equipment for treating waste water and use that water for various other applications lying under their jurisdiction. Power generation is another major segment projected to witness considerable growth with the rapid adoption of renewable energy sources in the coming years.
In the race for the overall water treatment equipment market, North America serves as a model for other regions.
With more than 25% of the global market share, North America leads the overall water treatment equipment market. North American countries have taken a very positive approach to utilize precious water resources. The countries are witnessing growing awareness towards water treatment and are observing regulations religiously. However, Asia-Pacific is all set to steal the show owing to its rapidly developing urban economies and industrial sectors across different countries. These countries are also framing their regulations for water safety and treatment and would represent the most attractive geographical segment for the water treatment equipment market in the coming years.
Market Segmentation
Global Leaders Face Off in Breath-Stealing Competition on the Global Water Equipment Treatment Market Front
From small local players to giants in the water treatment market, all companies are gearing up to face intense competition with each other in this highly fragmented market. The companies are in a race to upgrade their technology, product portfolio, and services to claim their market share. Long-term agreements with municipal organizations and manufacturing industries to provide hardware and services are one of the primary strategies adopted by these companies. Besides, extending their geographic reach and capturing market share in lucrative markets such as Asia Pacific is also part of their business development. The road for market leaders is expected to be more difficult, with local players claiming their share in new markets. The research study includes the business strategies and recent developments of a few of the most prominent players in the water treatment equipment market, including Danaher Corporation, General Electric, Pentair Limited, Parker-Hannifin Corporation, Siemens AG, 3M Company, Veolia Environnement, Xylem Incorporated, Doosan Heavy Industries and Construction, and Dow Chemical, among others.
Key questions are answered in this report.
What are the most recent trends in the water treatment equipment market, as well as potential opportunities for market participants?
How will government regulations and water safety and waste reduction strategies affect the global and regional markets for water treatment equipment?
Which is the largest and fastest-growing segment in terms of equipment type and end-user?
Which is the most attractive geographical region or country for the overall water treatment equipment market?
How will evolving filtration and treatment technology play a vital role in the overall water treatment equipment market in the coming years?
What are the market sizes and trends in developing regions such as the Asia Pacific, the Middle East, Africa, and Latin America?
Frequently Asked Questions:
The market for Water Treatment Equipment is expected to reach US$ XX Mn in 2026.
The Water Treatment Equipment market is expected to see significant CAGR growth over the coming years,at XX%.
The report is forecasted from 2018-2026.
The base year of this report is 2017.
General Electric Company,Danaher Corporation,Pentair Limited,Parker-Hannifin Corporation,Siemens AG are some of the major players in the global market.
