Water Treatment Equipment Market Analysis

Water Treatment Equipment Market Analysis

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Based on product type, the market is categorized into sedimentation tanks, filtration systems, disinfection equipment, softening equipment, membrane systems, and others. Membrane systems dominated the market with a share of 26% in 2023 and are expected to reach around USD 32.1 billion by 2032. This growth is attributed to consumer preference for membrane systems in water treatment, which separate contaminants based on elements, such as size or charge, using either dead-end filtering or crossflow filtration.

Advanced technologies, such as membrane bioreactors, Microfiltration (MF), Ultrafiltration (UF) coupled with Nanofiltration (NF) and RO membranes, and Advanced Oxidation Processes (AOPs), are currently being used to remove trace components. Membrane technologies including RO are gaining market share due to their capacity to remove impurities at the molecular level. Emerging membrane technologies for sustainable water treatment using innovative membrane materials and designs address several difficulties.

Based on technology, the water treatment equipment market is segmented into Reverse Osmosis (RO), microfiltration, clarifier, distillation, ion exchange, and others. The Reverse Osmosis (RO) segment was valued at around USD 21 billion in 2023 and is expected to expand at a CAGR of 6.1% from 2024 to 2032. RO systems’ growing popularity in municipal, industrial, and domestic water treatment applications is credited to their capacity to effectively remove dissolved particles through desalination process. On the other hand, microfiltration systems are widely used to remove particles and germs as a pre-treatment step before further procedures.

Based on distribution channel, the water treatment equipment market is segmented into direct and indirect. The direct distribution channel segment was valued at around USD 38.3 billion in 2023 and is expected to witness over 5.8% CAGR through 2032. Manufacturers utilizing the direct channel sell equipment directly to end customers such as municipalities, industrial enterprises, and large residential complexes. This approach allows manufacturers to offer technical expertise, customized solutions, and after-sales support, making it appropriate for large-scale systems and projects in the municipal, industrial, and commercial sectors. Manufacturers can increase their profits by removing middlemen and selling directly.

Asia Pacific dominated water treatment equipment market with a share of 39.3% in 2023 and will grow at a robust CAGR of 6.1% during the forecast period. This dominance is driven by growing industrialization, urbanization, and population expansion in large economies, such as China and India. These countries require significant expenditures on enhancing access to clean water and sanitation for their enormous populations through municipal treatment facilities.

In terms of country, the U.S. dominated the North America water treatment equipment market with a share of about 78% in the 2023. The growth can be attributed to the various factors such as the rising demand for effective water treatment solutions and growing adoption of smart water treatment solutions, such as remote monitoring and control systems. Furthermore, the U.S. government's stringent laws and new investments in the water treatment sector are encouraging the market growth.

Germany is promoting the development of water treatment technologies in both the industrial and municipal sectors. Germany is known for its advanced industrial and technology sectors. The country's strict environmental restrictions increase demand for high-quality water treatment technologies. This is expected to boost sales of water treatment equipment by 5.7% in terms of value from 2024 to 2032.

China dominated the Asia Pacific water treatment equipment market with a revenue of around USD 8.91 billion in 2023 and is expected to exhibit a CAGR of 6.3% during the forecast period. China's water treatment industry is experiencing rapid growth due to growing urbanization, industrialization, and environmental concerns. The government's measures to improve water quality and reduce pollution have boosted the demand for water treatment equipment in various industries including municipal, industrial, and agricultural.