According to the report, several key drivers are expected to fuel the growth of the global water treatment market during the forecast period. The notable driving forces include, growing awareness of the hazardous effects of impure water consumption, steady surge in demand for fresh water, adoption of water treatment systems, and demand for quality water from the domestic and industrial sector.
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Water Treatment System Market Outlook and Key Findings:
- The global water treatment system market is projected to value around US$ 112 Bn in 2030
- Water treatment segment to witness rising momentum in coming years
- Adoption in desalination process to surge through 2030
- Municipality spaces to offer lucrative investment opportunities
- North America and Europe currently lead the global adoption
East Asia Emerges as a Promising Region for Market Growth
In the current scenario, North America and MEA are expected to dominate the global water treatment market in terms of market share. However, the report suggests that the market in East Asia will witness a commendable growth through the forecast period 2019-2029. Currently, the market value of the water treatment market in East Asia is ~ US$ 10,065.6 million and expected to reach US$ 24,376.9 million by the end of 2029 growing at a CAGR of around 9.2% throughout the forecast period. The growth is projected to be primarily driven by focus on enhancing water quality and striking a balance between the demand and supply ratio.
Furthermore, the economies of East Asian countries such as China, South Korea, and Japan have shown a steady growth in recent years. Macro-economic parameters including rapid urbanization, growing population, and positive investment patterns have boosted investments in the housing and municipality projects in the region. Other factors such as lack of quality water treatment infrastructure and growing water scarcity have led to a noteworthy increase in the spending to upgrade water treatment facilities in the region.
Thinking Smart with IoT-enabled Water Treatment Systems
While the Internet of Things (IoT) has reflected its potential in manufacturing and production-centric sectors, the onset of this cutting-edge technology is becoming apparent in water industries and sewage management. Solutions crafted from IoT are poised to create long-reverberating ripples that will help these end-use sectors significantly.
Smart water treatment systems driven by IoT enhance the reliability of existing water facilities by gathering and analyzing data more effectively. Adoption of data analytics and IoT enable better management of water infrastructure as well as reduced non-revenue water losses, yet drive key transformations to the ways with which water facilities and companies operate.
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IoT has paved way for “Internet of Water”, linking every system and player in water supply chain – treatment plants, raw water, utility companies, distribution pipes, companies and customers – and equipping decision-makers with crucial insights on status of water resources and equipment used in this vertical.
IoT-enabled water treatment systems provide market player the opportunity to upgrade productivity and efficacy while improving customer service. Moreover, given the amount of labor and time required to gather water and transfer it to treatment sites, IoT is emerging as a much-needed alternative.
By Key Segment:
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 & 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 & Petrochemicals
- Oil & Gas
- Mining & Metals
- Food & Beverage
- Pharmaceuticals
- Thermoelectric Power Plants
- Semiconductors
- Pulp & Paper
- Sugar Mills
- Textiles
- Leather
By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East
- Africa
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About Industrial Automation Division at Future Market Insights:
The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry.