Market revenue in 2023 | USD 65.7 billion |
Market revenue in 2030 | USD 90.0 billion |
Growth rate | 4.6% (CAGR from 2023 to 2030) |
Largest segment | Municipal |
Fastest growing segment | Industrial |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD billion |
Market segmentation | Municipal, Industrial |
Municipal was the largest segment with a revenue share of 65.91% in 2023. Horizon Databook has segmented the Global water and wastewater treatment equipment market based on municipal, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
The consumption of energy fuels including petrol, natural gas, and kerosene is increasing owing to the growing population and rapid urbanization. This is expected to result in increased refinery output. Water treatment equipment is used for downstream processing in refining sector.
The prime intention of incorporating water treatment is to reduce the utility cost as well as make water available for the captive production of electricity. In addition, water treatment plants and equipment are increasingly being installed across major oil & gas refining economies, primarily in the Middle East and Asia Pacific.
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