Water Treatment Market

Water Treatment Market Outlook for 2024 to 2034

The water treatment market size is expected to rise from USD 69.73 billion in 2024 to USD 137.17 billion by 2034. The market is estimated to expand at a CAGR of 7% over the forecast period.

Attributes	Key Insights
Estimated Water Treatment Market Size (2024E)	USD 69.73 billion
Projected Water Treatment Industry Value (2034F)	USD 137.17 billion
Value-based CAGR (2024 to 2034)	7%

Emerging Trends in the Water Treatment Market

• Exponential rise in the demand for potable water, backed by increasing pollution levels and expanding global population
• Manufacturers are affordably pricing their water treatment systems to boost their products’ reach across various economic strata of consumers
• Unregulated disposal of debris and chemical materials from construction activities has left certain water sources unfit for consumption
• Increasing use of water treatment in industrial processes where pH levels, water hardness levels, and TDS contents are desired to be optimum across respective end-use industries
• Growing demand for effective water treatment systems to reduce water and utility usage is expected to result in cost savings that can then be used to expand businesses instead of addressing overhead.
• Surging demand for disinfected water in the cosmetics industry to maintain product quality throughout the manufacturing processes to increase the shelf life of the products.
• Rising demand for smart water treatment systems that are IoT-enabled to increase the reliability of present water facilities by analyzing and gathering data more effectively.

Country-wise Water Treatment Market Analysis

The Asia Pacific region is projected to expand at a considerable pace over the next ten years. Meanwhile, countries in North America and Europe are anticipated to exhibit a sluggish growth rate.

Countries	Forecast CAGR (2024 to 2034)
The United States	5.40%
Germany	4.30%
China	10.20%
India	9.40%
Australia	7.30%

Surging Demand for Point-of-Use Water Treatment Systems in the United States

The water treatment market in the United States is projected to record a CAGR of 5.4% from 2024 to 2034. Mentioned below are the vital factors that are conducive to market growth:

• Growing challenge of ensuring safe water distribution for communities across the United States owing to impaired source water, aging infrastructure, stressed community finances, etc., is becoming an action item for key players.
• Point-of-use (POU) drinking water treatment is robustly expanding in the country to mitigate the risk of exposure to several contaminants in drinking water.
• Regular checking of state-of-the-art POU systems and technologies with a focus on their effectiveness in eliminating contaminants frequently is also expected to drive market growth.

Focus on Climate Protection Projects by the Government of Germany

The water treatment market size in Germany is anticipated to register a CAGR of 4.3% through 2034. The regional market is driven forward by:

• Key players in Germany are offering digitization services and customized plants for water treatment.
• The inauguration of wastewater treatment plants by the German government is expected to assuage the impact of water scarcity, raise awareness about the importance of wastewater treatment, and secure a greener environment.
• Significant advancements by key players in Germany are expected to boost the water treatment industry. For instance, Membion, a German wastewater recycling firm bagged a US$ 5.38 million to cater to water quality growing demands.

China to Observe Significant Growth in Demand for Water Treatment Systems Over the Next Decade

Sales of water treatment systems in China are expected to expand at a CAGR of 10.2% over the forecast period. Key drivers that back such promising growth are:

• Companies and municipalities in the wastewater treatment industry offer innovative and mature technologies to fulfill the demand for potable water.
• Introduction of new treatment projects in China is expected to propel market growth. For instance, in December 2023, a new sewage treatment project was introduced in eastern Zhejiang Province to help resolve the issue of wastewater while safeguarding the local ecology.

Heightened Demand for Advanced Water Treatment Systems in India

The water treatment industry size in India is projected to register a CAGR of 9.4% over the assessment period. The leading factors that are contributing to market growth are:

• India is embracing advanced sewage wastewater treatment technologies to address critical issues like environmental pollution and water scarcity.
• There is a rising demand for increased treatment capacity and upgraded employed wastewater treatment processes for more effective technologies.
• Chennai Metropolitan Water Supply and Sewerage Board signed a MoU with the German Water Partnership in October 2023 for the co-development of a conceptual design for the enhancement of an existing wastewater treatment plant, which is under local conditions in India. This is expected to serve as a showcase plant for capacity building, training purposes, and adapted German wastewater technologies.

Expanding Use of Smart Water Treatment Systems in Australia

The water treatment industry in Australia is expected to expand at a CAGR of 7.3% through 2034. The top factors that are propelling the market growth are:

• Increasing water treatment plant upgradation projects are expected to fuel market growth. For instance, in October 2023, Water Corporation completed an upgrade worth US$ 8.3 million to the Mowanjum wastewater treatment plant. This initiative is part of a new Aboriginal Communities Water Services (ACWS) program, leading to the first licensed plant in an Aboriginal community.
• A Darwin-based firm called Life h2o has cracked the defence market in Australia with its innovative water purification equipment. The company has developed a system that effectively addresses recognized capability gaps within the military.
• Leading players are entering into distribution agreements for a wider supply of water treatment systems. For instance, in November 2023, LiqTech International, Inc., which is a clean technology firm that develops and markets extremely specialized filtration systems and products, announced its distribution agreement with Waterco for the supply of LiqTech’s Aqua Solution swimming pool water filtration systems.

Category-wise Insights

The Preliminary Water Treatment Segment to Capture a Significant Market Share

Leading System Type	Preliminary Water Treatment
Value Share (2024)	39.30%

The preliminary water treatment segment is expected to acquire a value share of 39.30% in 2024. Key elements supporting the segment’s growth are:

• The simplicity and cost-effectiveness of preliminary water treatment as opposed to other treatment stages is increasing its uptake among end users. Further, the cost-effectiveness of preliminary water treatment is translating to lower operational costs and upfront investment.
• Rising demand for preliminary treatment to manage various raw water sources, such as groundwater, surface water, and even industrial wastewater.

Process Water Treatment to Acquire a Sizeable Market Share

Leading Application	Process Water Treatment
Value Share (2024)	46.80%

The process water treatment segment is projected to possess a market share of 46.80% in 2024. The segment is expected to be driven forward by:

• Expanding applications of process water treatment in various industries like oil and gas, power generation, chemicals, electronics, pharmaceuticals, etc., to meet the demand for varied treatment technologies and solutions.
• Growing demand for effective and efficient process water treatment systems to comply with environmental regulations on industrial wastewater discharge.
• Increasing concerns about water scarcity in several regions are necessitating the reuse and recycling of process water, which is creating demand for process water treatment solutions.

Competitive Strategies Employed by Market Players

Key players are employing a combination of strategies to level up in the global market. Water treatment companies are targeting high-growth segments such as desalination, industrial process water, or home water treatment solutions by specializing or catering to certain requirements.

The development of new and better technologies, such as AI-powered monitoring systems, advanced membranes, and sustainable treatment methods provides a competitive advantage in terms of cost-effectiveness, efficiency, and environmental impact.

Players are merging with complementary firms or partnering with technology providers to increase their expertise, geographical reach, and product portfolios.

Market participants are implementing smart water management systems to offer remote optimization and monitoring services for improved customer experience.

Recent Developments in the Water Treatment Market

• In September 2023, Cambi entered a contract with Woodman Point Water Resource Recovery Facility. The facility is possessed by Water , which is going to be using thermal hydrolysis process (THP) technology to expand its sludge treatment capacity without the requirement to build additional digesters.
• In July 2023, a ceremony was conducted to commemorate the completion of the Bangladeshi Dasherkandi Sewage Treatment Plant. This project was undertaken by Chinese enterprises and is expected to benefit five million residents in Bangladesh.

Companies in the Water Treatment Market

• ASIO
• Kurita Water Industries Ltd.
• BioMicrobics Inc.
• Trojan Technologies
• Aquatech International LLC
• Hydro International
• Acciona
• American Water
• Ecolab
• Pentair PLC
• Evoqua Water Technologies LLC
• Kemira
• Xylem
• 3M
• DuPont
• SUEZ Worldwide
• Veolia
• Others

Key Coverage in the Water Treatment Market Report

• Adjacent Study of Process Water Treatment Market, Industrial Water Treatment Market, Point of Entry Water Treatment Systems Market and Mobile Water Treatment Market
• In-depth Analysis of Industrial as well as Residential Water Treatment System
• Market Study of Decentralized Water Treatment Market
• Emerging Trends in the Commercial Water Treatment Industry in the United States
• Strategies Employed by Companies Present in the Water Treatment Industry in India

Key Market Segmentation

By System Type:

• Preliminary Treatment
• Water Treatment
• Membrane Bio-reactor (MBR)
• Reverse Osmosis (RO)
• Micro-filtration (MF)
• Nano/Ultra Filtration (NF/UF)
• Disinfectants (UV, Ozone)
• Sludge treatment
• Activated Sludge
• Sludge Thickening and Dewatering
• Sludge Drying
• Other Sludge Treatment Technology

By Application:

• Process Water/ Water Treatment
• Waste Water Treatment
• Zero Liquid Discharge
• Desalination

By End Use:

• Residential Buildings
• Commercial Buildings
• Municipality
• Industrial
• Chemical and Petrochemicals
• Oil and Gas
• Mining and Metals
• Food and Beverage
• Pharmaceuticals
• Thermoelectric Power Plants
• Semiconductors
• Pulp and Paper
• Sugar Mills
• Textiles
• Leather

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• South Asia and Pacific
• East Asia
• Middle East and Africa

Frequently Asked Questions

How Big will the Water Treatment Market Be in 2024?

The water treatment market is estimated to account for USD 69.73 billion in 2024.

At What Rate Will the Water Treatment Industry Grow?

The industry is projected to register a CAGR of 7% through 2034.

What is the Expected Value of the Water Treatment Industry by 2034?

By 2034, the water treatment industry is forecasted to be worth USD 137.17 billion.

Which Country is Expected to Exhibit Significant Growth in the Water Treatment Industry?

China is expected to offer lucrative opportunities to water treatment manufacturers.

Which Application Segment is Projected to Acquire a Substantial Market Share?

Process water treatment holds a significant market share.

Who are the Leading Companies in the Water Treatment Industry?

Leading companies in the water treatment industry include ASIO, Kurita Water Industries Ltd., and BioMicrobics Inc.