Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.62 Billion | USD 4.17 Billion | 5.29% | 2023 |
According to the report published by Zion Market Research, the global Commercial Water Treatment Equipment Market size was valued at USD 2.62 Billion in 2023 and is predicted to reach USD 4.17 Billion by the end of 2032. The market is expected to grow with a CAGR of 5.29% during the forecast period. The report analyzes the global Commercial Water Treatment Equipment Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Commercial Water Treatment Equipment industry.
Water is one of the basic commodities in many industries. This requires water quality to be of certain standard so that it can be used for commercial purposes. This fuels the demand for global commercial water treatment equipment market. It is also important to make sure the cost related to water treatment is affordable along with ability to be reused. It is to be noted that sulfate, manganese, and iron in water can have unwanted effects to water. The drinking water industry performs water softening process with deionization and ultra-violet rays. Resultantly, the demand for treated water in food industry and other commercial sectors is in high demand, thereby fueling the global commercial water treatment equipment market.
The shortage of water has adversely affected the global water utilization. In several parts of the world individuals manage the deficiency in with economical ways to get water from different water sources. Lesser water resources and water quality is a significant issue across many developing nations in the world. Likewise, densely populated nations like China and India provide a fertile ground for the global commercial water treatment equipment market to flourish. The surge in population and industrialization has prompted the advancement is another factor contributing in the market growth.
In spite of the fact that there are numerous benefits of water treatment, the establishment of commercial water treatment equipment is costly. The significant expense of equipment and its activity go about as limiting variable in the market. Sterilization advancements, for example, compound treatment through chlorine gas require huge capacity of water to be dealt with. Such framework and equipment are exceptionally low in under-developed and developing nations. UV and ozonation equipment are costly for limited scope modern applications. These issues are quite prominent in African nations, where the water availability is too low. This could end up being a hindrance in the development of the global commercial water treatment equipment market.
The water treatment equipments are additionally exposed to the surging demand for the energy effective water treatment alternatives. Layer based water treatment equipments hold a significant part in keeping up manageability with water and energy.
The global market is segregated based on application, type, treatment, and region.
Based on the application, the global commercial water treatment equipment market is bifurcated into industrial and municipal. Among these, the municipal application is likely to lead the global commercial water treatment equipment market.
On the basis of type, the market is segregated into disinfection, filtration, testing, desalination, and others. Filtration is sub-segmented into micro-filtration and ultra-filtration.
Based on treatment, the market is broadly divided into primary, secondary, and tertiary.
Report Attributes | Report Details |
---|---|
Report Name | Commercial Water Treatment Equipment Market |
Market Size in 2023 | USD 2.62 Billion |
Market Forecast in 2032 | USD 4.17 Billion |
Growth Rate | CAGR of 5.29% |
Number of Pages | 205 |
Key Companies Covered | Veolia Water Solutions & Technologies, SUEZ SA, Xylem, Inc., GE Water & Process Technologies, SUEZ SA, Aquatech International LLC, Evoqua Water Technologies LLC, Ecolab, Inc., Pentair Plc., 3M, etc |
Segments Covered | By application, By type, By treatment and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific region is leading among all of them in the global commercial water treatment equipment market. The growth is expected to be seen in the form of highest CAGR during the forecast period, credited to the origin and presence of several manufacturers in the region who are reigning in the global commercial water treatment equipment market. Besides, there is a high demand for commercial water treatment in the nations such as India, China, Japan, and South Korea. In addition, the region provides the raw material at cheap cost that has attracted the companies to increase the trade and establish their base in Asia Pacific. Investors are also funding the production in the region, boosting the growth in the market.
The leading players in global commercial water treatment equipment market include:
The players compete with each other over the factors like market occupancy, demand for products, costs, product portfolios, and quality. The companies are investing heavily into mergers and acquisition, analyzing the market scenario in particular region. Investors are also funding these firms to improve the overall market scenario.
The Global Commercial Water Treatment Equipment Market is segmented as follows:
By application
By type
By treatment
Global Commercial Water Treatment Equipment Market: Regional Segment Analysis
FrequentlyAsked Questions
The shortage of water has adversely affected the global water utilization. In several parts of the world individuals manage the deficiency in with economical ways to get water from different water sources. Lesser water resources and water quality is a significant issue across many developing nations in the world. Likewise, densely populated nations like China and India provide a fertile ground for the global commercial water treatment equipment market to flourish.
The leading players in global commercial water treatment equipment market include Veolia Water Solutions & Technologies, SUEZ SA, Xylem, Inc., GE Water & Process Technologies, SUEZ SA, Aquatech International LLC, Evoqua Water Technologies LLC, Ecolab, Inc., Pentair Plc. 3M, etc. The players compete with each other over the factors like market occupancy, demand for products, costs, product portfolios, and quality.
Asia Pacific region is leading among all of them in the global commercial water treatment equipment market. The growth is foreseen to be seen in the form of highest CAGR during the forecast period, credited to the origin and presence of several manufacturers in the region who are reigning in the global commercial water treatment equipment market. Besides, there is a high demand for commercial water treatment in the nations such as India, China, Japan, and South Korea.
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