Report Code : A13123
, “There is a water scarcity issue looming all over the world, hence it is imperative for governments to focus on treating wastewater for reuse. This trend will be a major driver for the global wastewater treatment equipment market during the forecast period. There is an increase in the demand for water in industrial sectors, agriculture, as well as human consumption. Moreover, the ongoing COVID-19 has surged the demand for wastewater treatment.”
Eswara Prasad
Manager, Materials & Chemicals at Allied Market Research
According to a new report published by Allied Market Research, titled," Wastewater treatment equipment Market by Type, Process, Application, and Region: Global Opportunity Analysis and Industry Forecast, 2021-2030," The global wastewater treatment equipment market size was valued at $28.0 billion in 2020, and is projected to reach $41.8 billion by 2030, growing at a CAGR of 4.2% from 2021 to 2030.
Wastewater treatment equipment encompasses all the major types of water treatment techniques currently used in the water treatment industry. It includes various types of membranes, biological and sludge-based treatment as well as disinfection. By type of treatment, the market is segmented into primary, secondary, and tertiary wastewater treatment processes. Wastewater treatment can be done through either one or a combination of these techniques to yield better results.
According the United Nations, a major water scarcity issue looms over the globe. It states that nearly 1.2 billion or one-fifth of the word’s population faces physical water scarcity. Physical water scarcity refers to shortage of water due to excessive demand and lack of supply of water. Hence, fresh water needs to be used in a sustainable way in industrial and agricultural applications. This requires the use of in-house wastewater treatment plants, thus increasing the demand for wastewater treatment equipment. Physical water scarcity is already a major concern in parts of China and India. As a result, finding a balance between use of water for drinking and use of water for industrial or agricultural use holds utmost importance.
Building a wastewater treatment plant is commonly done by local governments, although there are some private players setting up wastewater treatment plants. However, the cost of setting up a new treatment plant is very high. Once setup, the cost of operating a plant is also high. Hence, the high cost of equipment and its operation limit the growth of the water treatment equipment market.
However, investment in the water treatment industry is crucial to conserve water resources and make it available for future use. Hence, efforts to reduce the prices of wastewater treatment equipment offer fresh opportunities for the market growth during the forecast period. In addition, development of advanced energy efficient water treatment technologies is projected to benefit the market in the long run.
The wastewater treatment equipment market is segmented into product, process, application, and region. By product, the market is divided into membrane separation, biological, sludge, disinfection, and others. The membrane separation segment accounted for the largest market share in 2020, and is expected to grow at a significant CAGR of 5.6%. Membrane separation has many types, each suitable for specific type of effluent. Types of membrane separation further include reverse osmosis membrane, ultrafiltration membrane, microfiltration membrane, nanofiltration membrane, and others.
Process segment includes primary treatment, secondary treatment, and tertiary treatment. The primary treatment segment accounted for the largest segment in 2020, and is expected to grow at a moderate CAGR of 3.8%. Primary treatment is the first step towards treating effluents and involves screening and sedimentation.
Application segment includes industrial and municipal. The municipal segment accounted for the largest revenue share in 2020, and is expected to grow at a CAGR of 4.0%. This high revenue share can be attributed to the stringent laws for treating wastewater before releasing it to a water body.
On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by Europe and Asia-Pacific. The major companies profiled in this report include Danaher Corporation, The Dow Chemical Company, Xylem Inc., Aquatech International Corporation, GE Water & Process Technologies, Ashland Water Technologies, Kemira Oyj, Degremont SAS, GDF Suez SA, and Veolia Environment SA. The global wastewater treatment equipment market report provides in-depth competitive analysis as well as profiles of these major players.
Key Findings Of The Study
Impact Of Covid-19 On The Global Wastewater Treatment Equipment Market
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Wastewater Treatment Equipment Market by Product (Membrane Separation, Biological, Sludge, Disinfection, and Others), Process (Primary, Secondary, and Tertiary), and Application (Industrial and Municipal): Opportunity Analysis and Industry Forecast, 2021–2030
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