Water Treatment Equipment Market Size

Water Treatment Equipment Market Size

Water Treatment Equipment Market size was valued at USD 65.1 billion in 2023 and is anticipated to register a CAGR of 5.6% between 2024 and 2032. The rapid market growth is attributed to the growing demand for effective water treatment solutions from various end users, strict water treatment laws & policies, and technological advancements. Water treatment systems are widely used in industries such as agricultural, chemical, food processing, and pharmaceuticals. The hazardous contamination of the water supply and rise in water-borne diseases are driving residential end users to seek effective water treatment options.

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According to Aquasana, a water system provider found that 77% of Americans filtered their drinking water at home in 2022, a steady rise compared to 74% in 2021. Water is essential for life, an indispensable resource for the economy, and plays a fundamental role in the climate regulation cycle. Therefore, the management & protection of water resources, fresh & saltwater ecosystems, and the water used for drinking and bathing is one of the cornerstones of environmental protection.

The demand for water treatment equipment will also be driven by the stringent laws and regulations for water treatment established by governments around the world. For instance, in April 2024, the EPA imposed the first-ever regulations limiting a group of the most dangerous Per- & Polyfluorinated Substances (PFAS) compounds, which will improve water safety in the U.S. According to a study, at least one PFAS was found in 45% of drinking water samples. These substances, made of over 10,000 different compounds, are used in firefighting foams in industrial, landfill, and fire training & response applications. They are also found in wastewater treatment facilities and related byproducts such as biosolids. High interaction with PFAS raises the risk of thyroid-related illnesses, testicular cancer, kidney cancer, and liver damage.

The high initial cost of implementing these systems in both residential and industrial applications hinder the global water treatment equipment market. This expense can discourage potential consumers, especially in locations or industries with limited resources. The cost of water treatment equipment varies according to technology, technique, system capacity, and flow rate. Furthermore, the materials used to produce the treatment equipment might influence its total cost. When it comes to materials, industries frequently prioritize quality standards since treated water must comply with state and municipal regulations.