Wastewater Treatment Equipment Market Gains Momentum

The Business Research Company’s Wastewater Treatment Equipment Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

LANDON, GREATER LANDON, UK, November 30, 2023 /EINPresswire.com/ — The wastewater treatment equipment market has experienced steady growth, ascending from $32.74 billion in 2023 to an anticipated $34.15 billion in 2024, showcasing a commendable Compound Annual Growth Rate (CAGR) of 4.3%. Projections indicate a continued upward trend, with the market size expected to reach $41.41 billion by 2028, reflecting a steady CAGR of 4.9%.

Market Driver: Surging Wastewater Disposal

A pivotal driver propelling the wastewater treatment equipment market is the escalating disposal of wastewater from both industrial and residential sectors. The substantial volume of wastewater necessitates efficient treatment using wastewater treatment equipment. Research from the European Environment Agency (EEA) reveals that in northern European countries, over 80% of the residential population disposes of wastewater, with more than 70% receiving tertiary wastewater treatment. Central European countries exhibit even higher connectivity, with 97% of the population linked to urban wastewater treatment, and 75% undergoing tertiary wastewater treatment. Internationally, reports from the International Water Association (IWA) highlight significant wastewater disposal, such as the annual discharge of about a million cubic meters in the Philippines by industrial sectors in Manila Bay and Laguna Lake, underscoring the imperative for wastewater treatment equipment.

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Market Segmentation
1) By Equipment: Filtration Equipment, Membrane Equipment, Thermal Distillation Equipment And Evaporators, Disinfection Equipment
2) By Process: Primary, Secondary, Tertiary
3) By Texture: Smooth, Textured
4) By Application: Municipal, Industrial

Emerging Trend: IoT Sensors Revolutionize Monitoring

An emerging trend in the wastewater treatment equipment market is the widespread adoption of Internet of Things (IoT) sensors. These sensors, forming part of the IoT network, measure pollution-causing particles in air and water, providing real-time monitoring of environmental quality. This technology is revolutionizing water management, moving beyond traditional Supervisory Control and Data Acquisition (SCADA) systems. Smart sensors detect critical information about water quality, temperature variations, pressure changes, and potential chemical leaks. Innovative companies like Biz4solutions are leveraging IoT for efficient wastewater management, reducing water leakages, and optimizing water recycling processes.

Regional Dynamics: Asia-Pacific Takes the Lead

As of 2023, Asia-Pacific emerges as the dominant region in the wastewater treatment equipment market, claiming the position of the largest market. Western Europe closely follows as the second-largest region, contributing significantly to the overall market landscape.

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Wastewater Treatment Equipment Global Market Report 2023 from TBRC covers the following information:

• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Wastewater Treatment Equipment Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on wastewater treatment equipment market size, wastewater treatment equipment market drivers and trends, wastewater treatment equipment market major players, wastewater treatment equipment marketcompetitors’ revenues, wastewater treatment equipment marketpositioning, and wastewater treatment equipment marketgrowth across geographies. The wastewater treatment equipment market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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