Packaged Water Treatment System Market

Packaged Water Treatment System Market Size (2023-2028):

Packaged Water Treatment Market size was expected close to USD 23.96 billion in 2022 and is estimated to grow at a CAGR of around 15.23% to reach USD 37.29 billion by 2028.

The packaged water treatment system is employed to store water by building substantial water plants. This kind of treatment system can be easily transported to the required location. The packaged water treatment system is highly preferred for almost all residential complexes and industries. For example, Mitsui O.S.K. Lines, Ltd. declared approval for a packaged container ballast water treatment system installation that can fit into the cargo hold of the vessel. This is a collaboration for technological development with Mitsubishi Heavy Industries, Ltd. 

Packaged water treatment systems are employed to make water usable to different levels. For instance, few plants rid water of suspended particles, while others enhance the overall taste, odor, and transparency. Each system has its advantages and deficiencies, and one method does not cover all the needs of the market. Water treatment systems that specialize in sediment filtration that is they get rid of the suspended particles and enhance its overall appearance. Some systems utilize carbon filtration technology, where carbon is employed to absorb different harmful chemicals from water.

Nevertheless, it does not remove the mineral salts dissolved in water. Reverse osmosis water treatment systems are employed to get rid of dissolved mineral salts. All these processes play a vital role in enhancing the quality of drinking water.

Drivers in the Packaged Water Treatment System Market:

The rising population is one of the significant driving forces of the global packaged water treatment system industry. Increasing urbanization is estimated to boost the industry call in the future. The major benefit of the packaged water treatment system is that it can be fit into small places. Nevertheless, it reduces installation, civil, and labor costs, and this is estimated to foster industry growth in the coming years. Furthermore, fast expansion in the industrialization of the world is expected to boost the worldwide packaged water treatment system industry expansion. Increasing the worldwide population is another main reason driving the packaged water treatment system industry, as it has lowered the availability of water. The strict environmental rules against the disposal of the obtained water from the shortage of water and the oil wells in growing countries such as China and India are a few prominent drivers for global Produced Water Treatment Systems business expansion.

The industry is estimated to experience high expansion in the future years, due to the increasing call of freshwater owing to the escalating population, globalization, and industrialization. The municipal wastewater treatment sector of the worldwide packaged water & wastewater industry is estimated to experience high expansion in the determined time. Municipal wastewater treatment is increasingly used in cities and towns by developing estates and domestic & public service firms. The mass of wastewater generation has escalated highly owing to the rising population and urbanization in several parts of the globe. To reclaim water and attain the water requirements of the urban and also rural population, municipal wastewater treatment is being used worldwide. Escalating water contamination levels and increasing worries among the population are estimated to drive the industry expansion. The major drivers of the worldwide packaged water treatment system industry are fast globalization and industrialization across the world. This is backed by the rising awareness in the population about environmental safety. The industry is driven by several factors like increasing industrialization, escalating globalization, and government rules.

Restraints in the Packaged Water Treatment System Market:

High expenses of packaged water treatment systems are one of the major restraints of the worldwide industry. The water treatment process is expensive, needs maintenance, as well as proper disposal or further stabilization of sludge generated during the treatment procedure. The packaged water treatment system has different other restraints, which hamper the industry like high operational and maintenance prices.

Opportunities in the Packaged Water Treatment System Market:

An increasing call for oil and gas and rising extraction are significant opportunities for the global Packaged Water Treatment Systems industry expansion. In addition to that, the scarcity of usable water in growing countries is boosting industry expansion.

Challenges in the Packaged Water Treatment System Market:

Unstable industry & economic situations result in less funds for packaged water treatment system systems by businesses and governments is a challenge for the industry. Lack of skilled labor for working technically complicated packaged water treatment system systems is a challenging factor for the development of the market in the short-term span.

PACKAGED WATER TREATMENT SYSTEM MARKET REPORT COVERAGE:

Packaged Water Treatment System Market segmentation as per the research report until 2028.

Packaged Water Treatment System Market – By Functionality:

• Industrial Wastewater Treatment
• Municipal Wastewater Treatment
• Drinking-Water Treatment

The municipal wastewater treatment sector of the global packaged water treatment system market is estimated to showcase high expansion during the foreseen period. Municipal wastewater treatment is employed in cities and towns by housing estates and domestic & public service enterprises. The volume of wastewater generation has escalated quickly owing to the rising population and urbanization in most parts of the globe.

Packaged Water Treatment System Market – By Technology:

• Sequential Batch Reactor (SBR)

• Moving Bed Biofilm Reactor (MBBR)

• Membrane Bioreactor (MBR)

• Extended Aeration

• Reverse Osmosis (RO)

• Others

Extended aeration is estimated to be the quickest-developing technology sector of the market, majorly owing to its relatively lower initial prices and investments included. It is followed by MBBR and reverse osmosis. The strict regulatory and sustainability mandate concerning the environment is making way for alternate technologies to chemical-based water and wastewater treatment systems such as extended aeration, MBBR, RO, MBR, and SBR which further fuels the market for these technologies.

Packaged Water Treatment System Market – By Region:

• North America

• Latin America

• Europe

• Asia Pacific

• Middle East & Africa

On the basis of region, the Packaged Water Treatment System Market is segregated into regions of North America, South America, Asia Pacific, the Middle East and Africa, and Europe. The Middle East packaged water treatment system market is the dominating region in the global business and accounted for the biggest market chunk. This trend is followed by Africa due to increasing urbanization in this region. Saudi Arabia and the UAE are the rising industrial niche markets in the global packaged water treatment system market.

Also, the Asia Pacific packaged water treatment system market is estimated to expand with a notable growth rate in the forecast period, attributed to the population growth, rise in government investments for improving water purification, and rising need for pure water resources across the region.

Packaged Water Treatment System Market key players:

1. Veolia Water Technologies

2. Corix Water Systems

3. Westech Engineering Inc

4. GE Water & Process Technologies

5. Napier-Reid Ltd

6. CST Wastewater Solutions Inc

7. Smith & Loveless Inc

8. WPL International

9. Enviroquip

10. RWL Water

11. Metito