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The key players operating in the market are A.O Smith Corporation, Evoqua Water Technologies, Kurita Water Industries Ltd., and Pentair plc together holds 15%-20% Market share in 2023. The market is highly fragmented due to the presence of large and medium-sized manufacturers competing for share, with no single player dominating the landscape. The evolving nature of the market due to the rising demand for cutting-edge technology including membrane materials makes it attractive for new entrants. Manufacturers also compete on price and strategies to attract budget-conscious consumers.
Major companies operating in the water treatment equipment industry include: