Secondary Water And Wastewater Treatment Equipment Market To Reach $32.7 Billion By 2030

Secondary Water And Wastewater Treatment Equipment Market Growth & Trends

The global secondary water and wastewater treatment equipment market size is expected to reach USD 32.7 billion by 2030, growing at 4.3% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The primary drivers of this market growth are rising water pollution levels in developing nations like Korea, India, China, Japan, and Malaysia, as well as rising concerns about water scarcity and the need for freshwater resources due to rapidly growing urbanization.

The demand for clean water is significantly increasing across the world owing to increasing agriculture and industrial activities. The clean water reservoirs are depleting fast due to the increasing water withdrawals from groundwater and surface water along with rising global warming. This is expected to lead to increased demand for secondary water & wastewater treatment equipment over the forecast period.

Global oil & gas production is likely to witness significant growth from non-OPEC countries and developing countries. Growing demand for energy, shale gas, tight gas, and coal bed methane (CBM) on account of the maturity of the conventional oil & gas resources market is expected to be a major driver triggering the growth of the secondary water & wastewater treatment equipment industry.

The global refinery output was 75,222 thousand barrels per day in 2010, which reached 79,229 thousand barrels per day in 2021. This is driven by the increasing demand for oil-based fuels due to high industrial growth. Strong demand from refineries has been one of the major drivers for the secondary water and wastewater treatment equipment industry. The trend is anticipated to continue over the forecast period.

Increasing investments in the exploration and production activities by the oil & gas companies in the U.S. are anticipated to boost the demand for secondary water and wastewater treatment equipment in the oil & gas industry. The rising number of infrastructure upgrades, in terms of changing or the installation of new pipelines, is expected to have a positive impact on the growth of the market.

Manufacturers of secondary water & wastewater treatment equipment are looking for partnerships, mergers, and acquisitions to diversify their product offerings and boost output. To meet the growing demand from application sectors such as municipal and industrial, manufacturers are also concentrating on expanding their manufacturing facilities. For instance, in March 2022, PENTAIR announced the definitive agreement to acquire Manitowoc Ice. The company enhanced its commercial water solutions platform and cater to the demand from the food service industry.

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Secondary Water And Wastewater Treatment Equipment Market Report Highlights

• The activated sludge equipment segment accounted for 44.8% of the global revenue share in 2022. This is largely due to its benefits, such as the removal of suspended solids, biological nitrification without the use of chemicals, and the achievement of oxidation and nitration, among others

• The municipal application segment accounted for a 63.8% share of the global revenue in 2022. Increasing urban population, rising investment, and favorable government policies promoting infrastructure development are projected to foresee tremendous demand for secondary water & wastewater treatment systems in municipal sectors of developing markets, including Turkey, China, India, Thailand, and Bangladesh

• Asia Pacific is expected to witness the fastest CAGR of 5.6% during the forecast period. The competition among Chinese capital markets and a few other Asian economies is generating lucrative growth opportunities for the industries, which has, in turn, created a favorable environment for investments in the wastewater treatment equipment industry

• In June 2022, Evoqua Water Technologies opened a new manufacturing facility in the UK. The new facility operation will focus on the production of Evoqua's ATG UV product line, which includes water treatment systems, chemical-free UV disinfection, and promises environmentally friendly application

Secondary Water & Wastewater Treatment Equipment Market Segmentation

Grand View Research has segmented the global secondary water & wastewater treatment equipment market based on equipment, application, and region:

Secondary Water & Wastewater Treatment Equipment Outlook (Revenue, USD Billion, 2018 - 2030)

• Activated Sludge

• Sludge Treatment

• Others

Secondary Water & Wastewater Treatment Equipment Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Municipal

• Industrial

Secondary Water & Wastewater Treatment Equipment Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • France

  • UK

  • Italy

  • Norway

  • Finland

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • South Korea

• Central & South America

  • Argentina

  • Brazil

  • Venezuela

• Middle East & Africa

  • Saudi Arabia

  • UAE

  • Egypt

List of Key Players in the Secondary Water & Wastewater Treatment Equipment Market

• Xylem Inc.

• Pentair plc

• Evoqua Water Technologies LLC

• Aquatech International LLC

• Ecolab Inc.

• Ovivo

• Toshiba Water Solutions Private Limited

• Veolia

• Ecologix Environmental Systems, LLC

• Parkson Corporation

• Lenntech B.V.

• H2O Innovation

• Samco Technologies, Inc.

• Koch Membrane Systems, Inc.