As worldwide population is expected to reach around 9.7 billion by 2050, it has become increasingly important to yield more with less resources. As the water treatment market continues to encounter squeezing pressures, particularly due to impacts of severe climate change, governments across the world are focusing on improving resilience and sustainability of water treatment systems.
Technology and innovation are playing a vital role in safety and scarcity, utility operations, water efficiency, monitoring and treatment, and data analytics. Market players are seeing a greater interest by businesses and utilities to test and implement future-proof technologies.
For instance, remote sensing of water that helps with non-revenue water remediation, and water accounting, Internet of Things (IoT) that enables water quality control, and smart irrigation. Coupled with new computing capacity, IoT enables market players to devise complex models for water management.
Key Takeaways of Water Treatment System Market Study
• Worldwide adoption of water treatment systems to surge at 6.0% CAGR over 2022-2031
• Preliminary treatment systems to procure leading revenue share, tantamount to 40%
• Application in process water/water treatment to remain prominent through 2031
• Industrial sector to attract substantial investments from stakeholders
• East Asia to emerge as epicenter of value-capture opportunities in coming years
COVID-19 Impact on Water Treatment System Market
While frequent hand washing and sanitization has been broadly considered as among the most efficient ways to avoid contagion of COVID-19, the UNICEF/WHO has estimated that 3 billion individuals globally lack the facilities to follow such norms. With the COVID-19 pandemic underlining the connection between clean water and public health, the bar for “clean” has been lifted.
Water treatment systems have been considered reliable and essential aspect of societies and a key contribution to public health during the global pandemic. Utilities’ initial response to the pandemic by optimizing disinfection doses has been the key step in protection and avoidance of both utility workers and the receiving water ecosystem and minimizes the potential contagion of the coronavirus.
Several companies are stepping up existing water treatment facilities in hard-hit areas that possibly contract COVID-19 infection from places including, community clinics, hospitals, and nursing homes.
Competitive Landscape
Key players in the water treatment system market focus on product innovation and development of new product to enhance the company's technological leadership and also increase its operational efficiency. Many players also focus on strengthening their business relationships by investing in strategic acquisitions and collaborations. Many companies strive to implement innovative service models, shared access solutions and emerging technologies, which enables business acceleration and attract wide range of consumers.
For Instance
• In April 2019, Suez SA signed an agreement with Engie, a prominent French leader in solar power, to launch a photovoltaic solar power plant in Côte d’Or, France, to develop renewable energy by transforming waste storage facilities into solar farms.
• In January 2019, Veolia became the founding member of ‘End Plastic Waste’ alliance in London, which brings around 30 global companies together from across North America, South America, Asia, MEA, and Europe.
• In February 2019, Pentair Plc completed the acquisition of Pelican Water Systems, a prominent provider of residential water treatment systems for a net consideration of US$ 120 Mn.
• In July 2019, Xylem unveiled stainless steel Flygt N3069 submersible pump, to resolve the toughest industrial challenge faced by industrial food and aquaculture.
The latest study conducted by Future Market Insights covers all the strategies and success factors of key manufacturers of the market.
*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis is available in the report.
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