Water Treatment System Market

Global Water Treatment Systems Market Size (2023 to 2028)

The global water treatment systems market is expected to be worth 30.31 billion USD in 2023. It is expected to grow at a CAGR of 6.12% during the forecast period and reach a value of 40.79 billion USD by 2028.

Water treatment is defined as the treatment of water to make it suitable for specific end-uses such as irrigation, river flow maintenance, drinking, and industrial water supply. Water treatment systems help make the water valuable or portable through processes including softening, deodorization, and purification. These systems are generally introduced at one or the other point-of-entry or point-of-use.

The water treatment systems market (Point-Of-Entry) is a profoundly fragmented one. Major organizations depend on regional and local merchants to build their share just as a geological presence in the market.

Global Water Treatment Systems Market Drivers:

The primary factors that drive the Water Treatment Systems market growth in high demand for this product are the expanding water contamination levels, and the developing number of metropolitan populations are the major growth driving factors for this market. Rigid government to curb water contamination promises to raise the market growth of this segment during the forecasted period. One of the significant improvements seen in the water treatment systems (PoE) market is new item advancements. Organizations are taking on inorganic growth strategies, such as acquisitions, to adapt to the expanding interest in water treatment systems in developing business markets. These systems have helped organizations to make a large customer and partner base in these business sectors/markets.

Water-borne illnesses are caused because of diseases by microbes like protozoa, microorganisms, infections, green growth, parasitic worms, and other metal toxins. The utilization of microbe and metal-debased water prompts illnesses like the runs, chlorella, jungle fever, typhoid, campylobacteriosis, lead harming, and others. These illnesses spread while drinking, showering, washing, or eating food debased by crude and untreated water. The World Health Organization estimates around 1.5 million human deaths because of water-borne illnesses each year. With the expanding mindfulness and accessibility of data on water-borne illnesses and water contamination, individuals are turning out to be more worried about their well-being and are favoring clean drinking water to prevent such genuine sicknesses.

Global Water Treatment Systems Market Restraints:

The High Production and Maintenance Cost of Filters has become a Key Challenge for global water treatment systems market growth. The Reverse osmosis filters and ultra-violet filters are costly. In fact, gifted labor is needed to accomplish the ideal plan and to satisfy guideline guidelines. This, thus, builds the production cost of filters.

The maintenance cost of point-of-use water treatment systems relies on channels and the technology required. In general, RO water purification systems have higher upkeep costs when contrasted with different systems. Such treatment filters require substitution following three to a half years to keep up with the water yield quality. This builds the general maintenance and operational cost of the system. Hence, the significant expense of channels is limiting the growth of the market.

Impact of COVID-19 on the global water treatment systems market:

Covid-19 has significantly changed the nature and perspective of the world since it turned into a significant issue in the late winter of 2020. It made ideas like social distancing, regular hand washing, and wearing hand gloves and masks all the time, and it brought about worldwide lockdowns and measured isolations. The organizations in the water treatment systems market suffered massively. It had to either briefly end activities or potentially significantly downsize them. These organizations are simply now starting to get back to pre-pandemic levels in terms of operation.

Several organizations have permitted representatives to work from a distance from their homes to guarantee business continuity during the COVID-19 pandemic, which is relied upon to hamper the development of the worldwide water treatment systems (point of use) market over the estimated time period. The limitations forced on development exercises to comply with the social distancing standards are probably going to frustrate the development of the development business, which, thusly, is relied upon to restrict the development of the worldwide water treatment systems (point of use) market.

REPORT COVERAGE:

This research report on the global water treatment systems market has been segmented and sub-segmented into the following categories.

Water Treatment Systems Market – By Technology:

• Filtration Methods
• Disinfection Methods
• Distillation Methods
• Reverse Osmosis Technology

In view of Technology, the market is divided into Filtration Methods, Disinfection Methods, Distillation Methods, and Reverse Osmosis Technology. Filtration techniques involve ultra-filtration, microfiltration, and Nanofiltration. Disinfection strategies include adding specific synthetics that help in cleaning the contaminated water. Techniques like chlorination, ozone, ultraviolet light, and chloramines. Distillation is a cycle that depends on evaporation to purify clean water. Contaminated water is warmed to form steam.

Inorganic compounds and huge, non-volatile natural atoms don't evaporate with the water and are abandoned. The steam then cools and condenses to form purified water. Reverse osmosis is a membrane separation process in which feed water streams along the membrane surface under pressure. Purified water pervades the membrane and is gathered, while the concentrated water containing broken up and undisclosed material that doesn't move through the membrane is released into the drain.

Water Treatment Systems Market - By Application:

• Residential
• Non-Residential

In view of Application, the market is divided into Residential and Non-Residential. Private water treatment systems are introduced for family purposes that are fit for treating the water on a limited scale. Non-private water treatment systems are introduced in business areas like shopping centers and workplaces where a huge amount of water needs to be treated for general society to drink.

Water Treatment Systems Market - By Installation:

• Point of Use
• Point of Entry
• Others

Based on Installation, the market is divided into Point of Use, Point of Entry, and Others. Among these, the point-of-use segment is predicted to have the largest market share during the forecast period. A point-of-use water filter is a sort of water filtration system that treats the water at a single tap. These kinds of filters are most usually introduced under a kitchen sink to give top caliber, clean, and solid drinking water at the kitchen tap. Point-of-entry systems include the establishment of water treatment gear on the main incoming water line in every household within the local area instead of treating water at a centralized location before distribution.

Water Treatment Systems Market - By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Asia Pacific held the biggest piece of the pie and is projected to be the fastest developing area at a CAGR of 9.8% during the forecast period. Fast urbanization in the area is setting out rewarding development growth opportunities for point-of-use water treatment systems. 33% of the world's metropolitan population is living around here. China is the significant buyer of water treatment systems, trailed by Japan, owing to expanding mindfulness about the advantages of water treatment systems. India is relied upon to enroll the most elevated development rate later on in the coming years. Nations like Japan, South Korea, and Australia address the most elevated reception of water treatment systems. Hence, Asia Pacific is relied upon to hold its strength in the market during the forecast period.

Europe was the second-biggest contributor, with Germany driving the market, followed by the UK. The expanding utilization of water for family use would bring about the rising interest in point-of-use water systems in this region.

North America represented the third-biggest offer in the market in 2021, with the U.S. arising as the main contributor, trailed by Canada. The development in this area is mostly attributed to the high penetration of the water treatment frameworks among buyers. Also, the implementation of several technical and financial projects and the presence of large-scale commercial business makers and their grounded distribution networks are filling the development of the market in the region.

KEY MARKET PLAYERS:

The major players are Honeywell Corporation, Culligan International Company, A.O. Smith, Eco Water Systems, LG Electronics, Unilever PLC, WQA, Panasonic Corporation, Pentair PLC, Koninklijke Philips N.V, and 3M

LEADING COMPANY:

Global Water Solution Ltd, 3M Company, and WQA (Water Quality Association) are currently the top vendors in the Global region.

RECENT HAPPENINGS IN THE MARKET:

• On 5 February 2021: Worldwide organizations like Alfa Laval, Applied Membranes, DowDuPont, GEA Group, Inopor, and Koch Membrane Systems are associated with the improvement of membranes that are made of nanomaterial to kill contaminations during the treatment.
• On 24 July 2020, Water shortage influences over 40% of the worldwide population and is rising. Unilever started working with two new accomplices to oversee water use and participate in an aggregate activity to accomplish water security for all by 2030.