Commercial Water Treatment Equipment Market Size, Share, Growth and Industry Analysis, By Type (Filtration, Disinfection, Adsorption, Desalination, Testing and Others), By Application (Retail, Hospitality, Education, Food service and Others), Regional Insights, and Forecast To 2031

Updated On: 01 April 2024

Commercial Water Treatment Equipment Market REPORT OVERVIEW

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The global commercial water treatment equipment market size was USD 91250 million in 2022 and market is projected to touch USD 134294.2 million by 2031, exhibiting a CAGR of 4.4% during the forecast period.

One of the essential commodities in many sectors is water. In order to be consumed for commercial reasons, water must meet a specific standard of quality. This increases demand for commercial water treatment equipment globally. It is crucial to ensure that the cost of water treatment is reasonable and that the treated water may be recycled. It should be recognized that sulfate, manganese, and iron in water might have negative impacts on the water. The water softening process is carried out by the drinking water business using deionization and ultraviolet light. As a result, there is a significant demand for treated water in the food industry and several commercial sectors, which is driving the global market for commercial water treatment equipment.

COVID-19 Impact: Decrease in the Production of Raw Materials due to Restrictions because of the Pandemic

Due to the temporary closure of numerous enterprises and supply chain delays within impacted nations, notably in Asia, the COVID-19 pandemic has had an impact on the production of raw materials and commercial water treatment equipment components. The supply chain was constrained in part by port congestion, a shortage of truck drivers, and escalating prices for essential materials and components. Lead times have grown dramatically, and delays are anticipated to last for the foreseeable future. These restrictions have been made worse by rapid surges in demand from the business sector, particularly from food service facilities. By implementing cutting-edge air freight tactics and using safety stock inventory levels, several businesses have been able to maintain company continuity.

LATEST TRENDS

"Use of Water Treatment Systems by the Food Service Sector as the Systems Extend the Life of the Appliances"

The primary end user segment for commercial water treatment solutions, with an anticipated 18.0 percent of the end user market by revenue in 2021, is the food service sector. In order to supply its clients with high-quality drinking water, the food service sector relies on water treatment systems. These systems also help to extend the life of the appliances that come into contact with water and use fewer chemicals and detergents.

Commercial Water Treatment Equipment Market SEGMENTATION

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• By Type

Based on type, the market is distributed into Filtration, Disinfection, Adsorption, Desalination, Testing and Others

• By Application

Based on application, the market is divided into Retail, Hospitality, Education, Food service and Others

DRIVING FACTORS

"Increasing Population and Industrialization aid in Expanding the Growth of the Market"

Water scarcity has had a negative impact on how much water is used worldwide. People in many places of the world deal with the shortage by finding practical ways to obtain water from various water sources. Poorer water supplies and water quality are major problems in many of the world's developing countries. Similar to this, highly populous countries like China and India offer a favorable environment for the development of the worldwide commercial water treatment equipment industry. One of the factors driving the expansion of the commercial water treatment equipment market growth is the increase in population and industrialization.

"Growing Interest of Consumers in Sustaining Water Promotes the Hospitality Sector to Recycle Water in the Hotel’s Properties Itself"

Companies are increasingly searching for water treatment options that enable them to accomplish more with the same quantity of water, or even less, as consumers' interest in sustainability-focused purchasing decisions grows. Given that hotels often have a greater environmental effect than comparably sized non-hotel buildings, water conservation in the hospitality sector is also rapidly growing in importance. One idea involves recycling water on the hotel's property.

RESTRAINING FACTORS

"The Cost of Setting up the Water Treatment Equipment acts as a Hindrance in the Market Broadening"

Despite the fact that water treatment has many advantages, setting up commercial water treatment equipment is expensive. The considerable cost of the equipment and its use serve as a market constraining variable. Modern sterilizing techniques like compound treatment with chlorine gas need a large amount of water to be handled. In undeveloped and developing countries, the availability of such infrastructure and technology is very low. Equipment for UV and ozonation is expensive for modern applications with a narrow scope. Since there is a lack of water availability in many African countries, these problems are fairly prevalent. This can end up impeding the growth of the commercial water treatment equipment market globally.

Commercial Water Treatment Equipment Market REGIONAL INSIGHTS

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"Presence of Market Leaders and Requirement for Water Treatment in the Region Leads to Asia Pacific Leading the Global Market"

The Asia Pacific region holds the largest commercial water treatment equipment market share globally. Due to the origin and presence of various manufacturers in the area who rule the worldwide market for commercial water treatment equipment, the growth is anticipated to be observed as the highest CAGR throughout the forecast period. Moreover, countries like South Korea, India, Japan, and China have a significant requirement for commercial water treatment. Additionally, the region offers cheap raw materials, which has drawn businesses to expand their trade and set up shop in Asia Pacific. Investors are helping to finance production in the area, which is helping the market expand.

KEY INDUSTRY PLAYERS

"Investments in Mergers & Support by Investors helps the Businesses to Lead in the Market"

Market occupancy, product demand, pricing, product portfolios, and quality are just a few of the variables that the top competitors in the worldwide commercial water treatment equipment business fight against one another over. The corporations are making significant investments in mergers and acquisitions while researching the local market conditions. These businesses are supported by investors as well, which helps the market environment overall.

List of Market Players Profiled

• Clack (U.S.)
• EcoWater (U.S.)
• Pure Aqua (U.S.)
• 3M (U.S.)
• Veolia (France)
• Suez (France)
• Xylem (U.S.)
• Ecolab (U.S.)
• Evoqua Water Technologies (U.S.)
• Thermax Group (India)
• Wog (India)
• Golder Associates (U.S.)
• SWA Water (Australia)
• Envirosystems (U.S.)
• Aries Chemical (India)
• Buckman Laboratories (U.S.)
• BWA Water Additives UK (U.K.)
• Cortec (U.S.)

REPORT COVERAGE

This report covers the commercial water treatment equipment market. The CAGR expected to be in during the forecast period, and also the USD value in 2022 and what it is expected to be in 2028. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period. Further, the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.