Water filtration equipment market is projected to grow at a CAGR of 2.62% to reach US$40.282 billion by 2024, from US$34.500 billion in 2018. Growing water scarcity due to the burgeoning global population and rising urbanization is pressurizing governments to build new water treatment facilities while upgrading existing ones. This, in turn, is significantly boosting the demand for water filtration equipment across different end-use industries. Strict regulations regarding drinking water and wastewater treatment is another major driver of water filtration equipment market. Geographically, water filtration equipment market is segmented as North America, South America, Europe, Middle East and Africa, and Asia Pacific. North America holds a significant market share owing to the high awareness about water quality and corresponding massive demand for better water treatment solutions. Asia Pacific will witness the fastest regional market growth during the projected period owing to the rising number of manufacturing facilities across different end-use industries such as food and beverage and pharmaceuticals. Supportive government initiatives and policies to improve the quality of drinking water will also bolster the growth of APAC water filtration equipment market during the projected period.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the water filtration equipment value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the water filtration equipment market.
Major industry players profiled as part of the report are The Dow Chemical Company, Evoqua Water Technologies LLC, and Culligan among others.
Water filtration equipment market has been analyzed through the following segments: