According to the research report titled ‘Global Water Treatment Systems Market Size study, by Application (Residential, Non-Residential, Commercial, Industrial, Healthcare, Educational Institutes, Others) By Technology (Water Softeners, Reverse Osmosis Systems, Distillation Systems, Disinfection Methods, Filtration Methods, Others) and Regional Forecasts 2022-2028’, available with MarketStudyReport, global water treatment systems market was worth USD 25.5 billion in 2021 and is slated to register a CAGR of 7% during the forecast period, accumulating a valuation of USD 40.9 billion by the end of 2028.
The growth of global water treatment systems market is accelerated by parameters such as rapid industrialization, coupled with surging construction of residential & commercial establishments.
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For those unaware, wastewater treatment is the method of transforming wastewater into an effluent that can be brought back to the water cycle with low environmental impact, in accordance with contaminant concentration levels set by domestic and international norms.
Besides, scarcity of clean water across the world has led to an increase in the government initiatives for promoting adoption of wastewater treatment methods, thus impelling the industry share.
Despite the optimistic outlook, dearly costs of installing such systems, along with a lack of awareness among the people are likely to hamper the progress of the business sphere in the forthcoming years.
To give a clear depiction of current situation, the report divides worldwide water treatment systems market in terms of application and technology. By sharing revenue share estimates for each vertical, the study gives a concise overview of the growth potential of the market.
Concerning regional terrain, North America market is poised to register significant revenue share during the assessment period, due to technological advancements in treating wastewater.
Whereas Asia Pacific industry is expected to record substantial growth rate during the research timeline, owing to surging demand for clean drinking water as well as awareness among the people about vitality of water treatment.
The notable players representing the competitive hierarchy of global water treatment systems industry include names like General Electric Company, Watts Water Technologies Inc., Culligan International, The 3M Company, Danaher Corporation, Honeywell International Inc., Best Water Technology AG, Calgon Carbon Corporation, The Dow Chemical Company, and Pentair plc among others.