Water And Wastewater Treatment Equipment Market to Witness a Healthy Growth by 2030
Water And Wastewater Treatment Equipment Market to Witness a ... Digital Journal
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PRESS RELEASE
Published August 21, 2023
The water and wastewater treatment equipment market was valued at approximately USD 63.45 billion in 2022 and is projected to grow at a CAGR of 4.5% from 2023 to 2030.
The market is driven by factors such as population growth, urbanization, industrialization, and stringent environmental regulations. Increasing awareness of environmental pollution, strict waste and wastewater management regulations, and a rising demand for sustainable and efficient treatment solutions are expected to fuel market growth. Advanced technologies like membrane filtration, activated sludge treatment, and biological treatment offer benefits such as improved water quality, reduced environmental impact, and enhanced public health.
Companies in the market are forming partnerships with end-users to promote new technologies, while increased investment in research and development aims to improve technology efficiency and drive market growth. Small and medium-sized businesses are adopting new treatment technologies, creating growth opportunities. For example, LTIMindtree Limited partnered with Yorkshire Water in December 2022 to transform the latter’s business operations across asset management, wastewater, and water segments.
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Key Companies & Market Share Insights:
Manufacturers in the market employ various strategies, including mergers, product developments, joint ventures, geographical expansions, and acquisitions, to cater to changing technological requirements and enhance market penetration across municipal and industrial applications. For example, Evoqua Water Technologies completed the acquisition of an industrial water treatment service division from Kemco Systems in February 2023. This acquisition will enable the company to expand its aftermarket services in the North American market and strengthen its capability to support industrial customers. Some prominent players in the global water and wastewater treatment equipment market include Xylem, Inc., Pentair plc, Evoqua Water Technologies LLC, Aquatech International LLC, Ecolab Inc., DuPont, Calgon Carbon Corporation, Toshiba Water Solutions Private Limited (TOSHIBA CORPORATION), Veolia Group, Ecologix Environmental Systems, LLC, Evonik Industries AG, Parkson Corporation, Lenntech B.V., Samco Technologies, Inc., Koch Membrane Systems, Inc., General Electric, and Ovivo.
Regional Insights:
Asia Pacific dominated the water and wastewater treatment equipment market, accounting for a 34.7% share of global revenue in 2022. It is projected to grow at a CAGR of 5.7% from 2023 to 2030. Increasing awareness about water conservation and environmental protection among consumers and industries is expected to drive market growth in the region. The presence of numerous established and emerging players in the water and wastewater treatment equipment industry, such as Huber SE, SUEZ SA, Veolia Water Solutions and Technologies, Kurita Water Industries Ltd., Thermax Limited, and SWA Water Australia, is expected to fuel market growth in the region.
The Central & South America market is anticipated to grow at a CAGR of 4.6% over the forecast period. Governments and regulatory bodies in the region are taking initiatives to improve water quality and promote sustainable water management practices, which is driving market growth. Additionally, the region is home to several industries such as food and beverage, pharmaceuticals, and chemicals, which require effective wastewater treatment solutions to comply with environmental regulations.
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Global Water & Wastewater Treatment Equipment Market Segmentation
This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2023 to 2030. For this study, Grand View Research has segmented the global water and wastewater treatment equipment market based on application, process by equipment, and region:
Application Outlook (Revenue, USD Billion, 2023 – 2030)
- Municipal
- Industrial
Process By Equipment Outlook (Revenue, USD Billion, 2023 – 2030)
- Primary Treatment
- Primary Clarifier
- Sludge Removal
- Grit Removal
- Pre-Treatment
- Others
- Secondary Treatment
- Activated Sludge
- Sludge Treatment
- Others
- Tertiary Treatment
- Tertiary Clarifier
- Filters
- Chlorination Systems
- Others
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SDGs, Targets, and Indicators Analysis
1. Which SDGs are addressed or connected to the issues highlighted in the article?
- SDG 6: Clean Water and Sanitation
- SDG 9: Industry, Innovation, and Infrastructure
- SDG 11: Sustainable Cities and Communities
- SDG 12: Responsible Consumption and Production
- SDG 13: Climate Action
The article discusses the water and wastewater treatment equipment market, which is directly related to SDG 6 (Clean Water and Sanitation). It also mentions factors such as population growth, urbanization, industrialization, and environmental regulations, which are connected to SDG 9 (Industry, Innovation, and Infrastructure), SDG 11 (Sustainable Cities and Communities), SDG 12 (Responsible Consumption and Production), and SDG 13 (Climate Action).
2. What specific targets under those SDGs can be identified based on the article’s content?
- SDG 6.3: By 2030, improve water quality by reducing pollution, eliminating dumping, and minimizing release of hazardous chemicals and materials.
- SDG 9.4: By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes.
- SDG 11.6: By 2030, reduce the adverse per capita environmental impact of cities, including by paying special attention to air quality and municipal and other waste management.
- SDG 12.4: By 2020, achieve the environmentally sound management of chemicals and all wastes throughout their life cycle, in accordance with agreed international frameworks, and significantly reduce their release to air, water, and soil to minimize their adverse impacts on human health and the environment.
- SDG 13.3: Improve education, awareness-raising, and human and institutional capacity on climate change mitigation, adaptation, impact reduction, and early warning.
Based on the article’s content, the targets mentioned above can be identified as relevant to the issues discussed.
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
- Water quality improvement indicators: reduction in pollution levels, elimination of dumping, and minimization of hazardous chemical and material releases.
- Infrastructure upgrade indicators: increased resource-use efficiency, adoption of clean technologies, and environmentally sound industrial processes.
- Environmental impact reduction indicators: improved air quality and effective waste management in cities.
- Chemical and waste management indicators: achievement of environmentally sound management throughout the life cycle and significant reduction in releases to air, water, and soil.
- Climate change education and awareness indicators: improvement in education, awareness-raising, and capacity-building on climate change mitigation, adaptation, impact reduction, and early warning.
The article does not explicitly mention specific indicators, but it provides information that implies the need for these indicators to measure progress towards the identified targets.
Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 6: Clean Water and Sanitation | 6.3: By 2030, improve water quality by reducing pollution, eliminating dumping, and minimizing release of hazardous chemicals and materials. | – Reduction in pollution levels – Elimination of dumping – Minimization of hazardous chemical and material releases |
| SDG 9: Industry, Innovation, and Infrastructure | 9.4: By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes. | – Increased resource-use efficiency – Adoption of clean technologies and environmentally sound industrial processes |
| SDG 11: Sustainable Cities and Communities | 11.6: By 2030, reduce the adverse per capita environmental impact of cities, including by paying special attention to air quality and municipal and other waste management. | – Improved air quality – Effective waste management in cities |
| SDG 12: Responsible Consumption and Production | 12.4: By 2020, achieve the environmentally sound management of chemicals and all wastes throughout their life cycle, in accordance with agreed international frameworks, and significantly reduce their release to air, water, and soil to minimize their adverse impacts on human health and the environment. | – Environmentally sound management throughout the life cycle – Significant reduction in releases to air, water, and soil |
| SDG 13: Climate Action | 13.3: Improve education, awareness-raising, and human and institutional capacity on climate change mitigation, adaptation, impact reduction, and early warning. | – Improvement in education, awareness-raising, and capacity-building on climate change |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: digitaljournal.com
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