An increase in innovation for water treatment systems to generate minimal wastewater for the industrial sector is a key factor boosting the market for water treatment systems. As the worldwide population is expected to reach around 9.7 billion by 2050, it has become increasingly important to yield more with fewer resources.
The water treatment device market is predicted to grow at a CAGR of 6.8% by 2030. As an example, remote sensing of water allows for non-sales water remediation, water accounting, net of things (IoT) that allows water excellent management, and smart irrigation. Coupled with new computing capacity, it enables marketplace gamers to plot complex fashions for water management.
Technology and innovation are gambling an important position in protection and shortage, software operations, water efficiency, tracking and remedy, and statistics analytics. Market gamers are seeing a greater hobby by way of companies and utilities to test and implement destiny-evidence technology.
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Key Takeaways of Water Treatment System Market Study
- Worldwide adoption of water treatment systems to surge at 6.0% CAGR over 2022-2031
- Preliminary treatment systems to procure leading revenue share, tantamount to 40%
- Application in process water/water treatment to remain prominent through 2031
- Industrial sector to attract substantial investments from stakeholders
- East Asia to emerge as epicenter of value-capture opportunities in coming years
COVID-19 Impact on Water Treatment System Market
While frequent hand washing and sanitization have been broadly considered as among the most efficient ways to avoid contagion of COVID-19, UNICEF/WHO has estimated that 3 billion individuals globally lack the facilities to follow such norms. With the COVID-19 pandemic underlining the connection between clean water and public health, the bar for “clean” has been lifted.
Water treatment systems have been considered a reliable and essential aspect of societies and a key contribution to public health during the global pandemic. Utilities’ initial response to the pandemic by optimizing disinfection doses has been the key step in the protection and avoidance of both utility workers and the receiving water ecosystem and minimizes the potential contagion of the coronavirus.
Several companies are stepping up existing water treatment facilities in hard-hit areas that possibly contract COVID-19 infection from places including, community clinics, hospitals, and nursing homes.
“Preserving and reusing wastewater has not been among key priorities for businesses, or individuals. That being said, rising ecological consciousness and increasing regulatory pressure to lower the consumption of natural resources are influencing several industrial businesses to look for innovative ways to use – and reuse – water,” says analyst at FMI.
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Water Treatment System Market – Competitive Intelligence
The global water treatment system market is substantially consolidated, with leading players capturing a bigger slice of overall market revenue. Manufacturers are highly focused on devising innovative business models to strengthen their market position. They are investing significantly in R&D activities and innovative designs with better capacities. For instance,
- Arvind Ltd. has rolled out water elements and O & M services, Kaigo, wherein components and spare verticals incorporate technologies and products used in the development and maintenance of effective wastewater treatment systems
- Aquarelle has developed a 4-stage countertop water filter that wards off almost 99% of all heavy metals, toxic pathogens, chemicals, and pesticides from potable water
- Pentair plc has taken over US-based water treatment equipment firms – Pelican Water Systems and Aquion – in September 2022
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