Water & wastewater treatment is essential to maintain quality standards of water for drinking, daily public use, industrial usage & disposal, and pharmaceutical usage. The decline in freshwater resources and the increased water pollution have fueled the demand for water treatment in the recent years. Various technologies and equipment are used for water & wastewater treatment in municipal, industrial, and other processes depending on the parameters, for example, the restriction of infection caused by bacteria, viruses, and protozoa; suspended solids; salinity; and turbidity. Coagulation, disinfection, distillation, filtration, chemical treatment, and sedimentation are the major technologies used for water treatment. The report covers commercially used water & wastewater treatment equipment and process equipment for disinfection, filtration, desalination, and water testing, which are especially used in tertiary water & wastewater treatment applications.

The water & wastewater treatment equipment market is estimated to be USD 24.62 Billion in 2017 and is projected to reach USD 33.22 Billion by 2022, at a CAGR of 6.2% from 2017 to 2022. The increasing demand from municipal and industrial applications is expected to drive the growth of the water & wastewater treatment equipment market during the forecast period.

The water & wastewater treatment equipment market has been segmented on the basis of product type into filtration, disinfection, desalination, and testing. Among these, the desalination segment is projected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the scarcity of freshwater resources which in turn increases demand for seawater desalination processes. Thermal desalination is used on a large scale in the Middle East region owing to the sufficient supply of energy, which is usually required to a large extent.

On the basis application, the water & wastewater treatment equipment market has been segmented into municipal and industrial. The municipal application segment is projected to lead the water & wastewater treatment equipment market during the forecast period. The growth of this segment can be attributed to the increasing use of water & wastewater treatment equipment in residential and non-residential applications. The municipal application is also projected to grow at the highest CAGR between 2017 and 2022. The increasing demand for treated water from municipalities and various regulations governing the industrial wastewater discharge propel the growth of the water & wastewater treatment equipment market.

Asia Pacific is the largest market for water & wastewater treatment equipment across the globe. The Asia Pacific water & wastewater treatment equipment market is projected to grow at the highest CAGR between 2016 and 2022. The growth of the market in this region can be attributed to the presence of various key manufacturers of water & wastewater treatment equipment and increasing demand for treated water from municipal and industrial applications in countries like China, South Korea, Japan, and India. The easy availability of raw materials has also attracted several global companies and investors to set up their production facilities in this region, thereby fueling the growth of the Asia-Pacific water & wastewater treatment equipment market.

The major factors restraining the growth of the water & wastewater treatment equipment market across the globe are the high installation, equipment, and operations costs. Developed countries in Europe and North America have adopted Ozonation and UV equipment for their municipal sectors, whereas the market share of these technologies is low in Asia Pacific and other developing regions.

Some of the key players operating in the water & wastewater treatment equipment market are Veolia (France), SUEZ (France), Xylem (US), Dow Water & Process Solutions (US), Evoqua Water Technologies (US), Aquatech International (US), Ecolab (US), 3M (US), and Pentair (US). The competition among these players is high, with the competition mostly focused on prices & quality of products, product portfolios, after sale services, and customized solutions.