Market revenue in 2023 | USD 23.1 billion |
Market revenue in 2030 | USD 34.3 billion |
Growth rate | 5.8% (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 |
Key market players worldwide | Xylem Inc, Pentair PLC, Evoqua Water Technologies, Ecolab Inc, DuPont de Nemours Inc, Calgon Carbon, Toshiba Corporation, Vivendi SE, Evonik Industries AG, Koch Industries, GE Aerospace, Aquatech, Ecologix Environmental Systems, Parkson Corporation, Lenntech B.V., SKion Water, SAMCO Technologies |
Municipal was the largest segment with a revenue share of 67.1% in 2023. Horizon Databook has segmented the Asia Pacific water and wastewater treatment equipment market based on municipal, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
According to the World Bank, Asia Pacific is the fastest-growing region in terms of both population and economic growth. Rapid urbanization, increased investments by governments, and rising consumer spending have boosted the Asian economy, thereby propelling infrastructure development in the construction industry.
Emerging economies such as China, India, and Japan are the key countries driving the development of the manufacturing, and building & construction industries in this region. The competition among Chinese capital markets and a few other Asian economies is generating lucrative growth opportunities for the industries.
Over the past few years, the improving economy of emerging markets, including China, India, Thailand, Indonesia, and Malaysia, is forcing governments to frame supportive policies to promote investments in the extraction of natural resources, including crude oil and natural gas. High penetration of nitrogenous fertilizer manufacturing units in Australia.
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