The Need for Water and Wastewater Treatment Equipment Market

A research firm, GMI Research, expected that the [water and wastewater treatment equipment market](https://www.gmiresearch.com/report/water-and-wastewater-treatment-equipment-market/) size would reach USD 46 billion by 2027. This is due to the rising recognition of the need for clean water.

On the application, the use in municipal area is expected to spearhead the market growth due to its use for residential and commercial. The main water body in municipal area is often polluted, thus needs water treatment to process the clean water. Having clean water is essential to ensuring the quality of public health, to protect the environment, and also to preserve water resources for future generations.

Meanwhile, based on the region, Asia Pacific will see an impressive growth. It is due to the rapid urbanization and growing population in the region.

Moreover, the increased investment by foreign companies will also drive the growth of this market.
The leading players in the market include Suez SA, Ecolab Inc., Veolia Water Technologies, among other top players.

What are the Major Drivers?
There are several variables that drive the growth of this market.

1. **Lack of freshwater resources**

Shortage of clean water and lack of freshwater resources can pose a significant problem, as people cannot have enough water to drink or to wash. This lack of freshwater resources can happen due to the increasing amount of water consumption and discharge. As there is a higher need to have clean water, the supply must also rise accordingly.

2. **Urbanization and industrialization**

As there has been rapid urbanization and industrialization, especially in developing countries, there is also a significant growing population. This, in turn, can drive the increasing demand for fresh water. Not only the quantity, but also the quality issue. Industrialization can negatively impact water quality and cause water pollution. The water can become undrinkable since it contains hazardous elements released by industrial sectors. It can impact humans and the environment in general. Considering this, water treatment equipment is essential to ensure clean water availability.

3. **Stringent regulation regarding environmental degradation**

Furthermore, stricter rules are imposed to minimize environmental impact. In The United States there is The Clean Water Act which regulates discharge of pollutants into the waters. Its aim is to prevent water pollution, therefore driving the need for water treatment equipment.

4. **Technological advancement**

Technological enhancement also plays a part in fostering the market’s growth. Advanced technology includes biological treatment and membrane filtration, among others. These technologies contribute to minimizing environmental harm, improving water standards, and promoting overall public health.

5. **Infrastructure expansion**

There has been an infrastructure expansion worldwide, particularly in emerging economies. The water infrastructure includes all the systems to process and distribute water, one of them is wastewater treatment facilities. As many governments implement initiatives to upgrade the water infrastructure, there will be a rising demand for more water treatment equipment.

**The Opportunities**
As the market has seen significant growth, there are also opportunities for it to expand further.

1. **Smart water and wastewater management**

With technological advancement, the governments can adopt smart water and wastewater management, using the water treatment technologies, data analysis, and smart metering.
The integration of automation systems, IoT, Artificial Intelligence, and data analytics software can provide real-time monitoring and thus increase the water treatment efficiency. By utilizing these smart technologies, there will be predictive analytics and proactive maintenance. This can help to reduce downtime and in the long run, it will save operational expenditure.
With smart water management, the governments, industries, and organizations can make informed and data-driven decision making regarding the clean water supply.

2. **Reuse and recycling water initiatives**

The market can see opportunities looming as there is a growing focus on reuse and recycling water initiatives. There has been a growing recognition regarding the relevance of conserving water resources. The use and recycle program need the application of wastewater treatment to process wastewater to ensure that it meets the quality standard for safe reuse.
Despite its rapid growth, this market also has to face a challenge that can hinder its growth, which is high investments. To utilize this technology, there will be a high initial cost for purchasing the equipment and installation. In addition, there also will be regular operational expenses, including labor costs and energy consumption. This can be a challenge, especially for small companies with limited budgets.