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The global water and wastewater treatment equipment market size is expected to reach USD 84.43 billion by 2030 according to a new study by Polaris Market Research.
The industry is expected to expand immensely during the forecast period. The existence of key industry players in the ecosystem has led to a competitive market. The development of various digital initiatives across industries is also expected to drive market growth.
There has been an increase in the adoption of this equipment in industrial and municipal sectors, owing to the rise in governmental concerns regarding the disposal. The H20, accordingly, to the industrial wastewater grades, incurs high ammonia and bacteria, along with and have high Ph level, which needs to be treated prior to disposal. Therefore, for the filtration process, such equipment’s required by municipal sectors for washing, and cooling, among other activities.
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There is a significant growth in sectors such as F&B, pharmaceuticals, and oil & gas industries which are resulting in fueling the demand for the filtration system. Further, government initiatives and regulations on the recycling and reuse of municipal and industrial wastewater are expected to boost the demand for cleaning solutions.
In addition, the industry for purification equipment has observed a major demand due to the increased adoption by residential and domestic sectors, although there is an increase in demand for disinfection equipment due to the involvement of municipal and industrial sectors in wastewater management.
Based on process, the tertiary segment is expected to have profitable growth opportunities due to its increased usage in municipal sewage cleaning. Also, the treated waste can be recycled for activities such as landscape, agricultural irrigation, recreation activities, and industrial cooling and processing. Further, increased adoption in sanitization activity along with health awareness among customers is one of the major factors to fuel the demand for wastewater cleaning equipment in municipal applications.
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Water and Wastewater Treatment Equipment Market Report Highlights
Polaris Market Research has segmented the water and wastewater treatment equipment market report based on type, process, application, and region:
Water and Wastewater Treatment Equipment, Type Outlook (Revenue – USD Billion, 2018 – 2030)
Water and Wastewater Treatment Equipment, Process Outlook (Revenue – USD Billion, 2018 – 2030)
Water and Wastewater Treatment Equipment, Application Outlook (Revenue – USD Billion, 2018 – 2030)
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