Market revenue in 2023 | USD 1.2 billion |
Market revenue in 2030 | USD 1.7 billion |
Growth rate | 5.4% (CAGR from 2023 to 2030) |
Largest segment | Municipal |
Fastest growing segment | Industrial |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 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 75% in 2023. Horizon Databook has segmented the Australia 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 Reserve Bank of Australia, key sectors contributing to the Australian economy include health & education, mining, finance, construction, and manufacturing. Stringent discharge regulations and water conservation strategies along with an increase in mining activities in the country are expected to drive the demand for water & wastewater treatment market over the forecast period.
Water & wastewater recycling has become a key component of the overall municipal and industrial water management in Australia. Optimization of existing recycling technologies and the development of novel recycling techniques is one of the key agendas for researchers in Australia.
A growing population is also expected to increase the volume of wastewater generated thereby increasing its availability for reuse applications. Thus, the increasing focus on water recycling and wastewater reuse is expected to positively impact the demand for ultraviolet disinfection equipment over the coming years.
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