Water and Wastewater Treatment Equipment Market Size, Shares, and Trends Report: U.S. and Global Growth The global water and wastewater treatment equipment market size was valued at $61.60 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4 percent from 2021 to 2028. Rising demand for clean water due to rapid urbanization and industrialization, coupled with diminishing freshwater resources, is anticipated to propel the product demand over the forecast period. Rising environmental concerns, coupled with the necessity to comply with stringent government regulations pertaining to water and wastewater treatment across the globe, are likely to boost market growth, as are increasing investments in wastewater treatment facilities.
The United States dominated the North America regional market in 2020 because of the presence of well-developed water and wastewater treatment infrastructure, along with stringent regulations regarding effluent discharge. In addition, the rising need to upgrade the existing facilities of aging infrastructure in the country is estimated to augment market growth. The global market has witnessed the development of advanced components, including membranes and filters, which offer high functional efficiency and operate for a longer duration. In addition, rising demand for clean water from refineries and the development of advanced components to treat effluents in oil
20 January 2022 • Florida Water Resources Journal
and gas, and also manufacturing industries, are anticipated to drive the market over the forecast period. Several government authorities have introduced strict regulations regarding wastewater emissions from the industrial and municipal sectors, which will drive the product demand in the years to come. The high cost, however, associated with the operation, maintenance, and monitoring of wastewater treatment plants, is likely to restrain market growth to some extent.
Equipment Insights The membrane separation segment led the market and accounted for 19.7 percent of the global revenue share in 2020. This segment will register the fastest CAGR from 2021 to 2028. Membrane separation is a physical treatment technology where feed water is forced at high pressure through a semipermeable membrane to separate specific materials from the solution. Membrane separation offers several advantages, such as minimum operation area and high filtration efficiency, over the existing techniques. Biological treatment is usually a secondary process used to remove contaminants remaining after primary treatment. Stringent regulations aimed at controlling water pollution in the manufacturing and municipal sectors through the utilization of ecofriendly means in developed markets, including the U.S., Canada, Germany, and Japan, are expected to increase the need for biological treatment equipment. The sludge treatment segment of the market
