Report : Asia Pacific Water Treatment System Market Forecast to 2031 - Regional Analysis - by Filtration Process (Distillation, Ultra-violet Sterilization, Reverse Osmosis, Filtration, Ion-exchange, and Others), Type (Drinking Water Treatment System, Industrial Water Treatment Systems, Wastewater Treatment Systems, Portable Water Treatment Systems, and Well Water Treatment Systems), Application (Ground Water, Brackish and Sea Water Desalination, Rainwater Harvesting, Drinking Water, and Others), and End User (Residential, Municipal, Agriculture, Food and Beverage, Commercial, Mining and Metal, Oil and Gas, Pharmaceuticals, and Others)
At 6.8% CAGR, Asia Pacific Water Treatment System Market is Projected to be Worth US$ 31,996.82 Million by 2031, says Business Market Insights
According to Business Market Insights' research, the Asia Pacific water treatment system market was valued at US$ 18,911.67 million in 2023 and is expected to reach US$ 31,996.82 million by 2031, registering a CAGR of 6.8% from 2023 to 2031. Rising investments in wastewater treatment facilities and development of smart cities in emerging countries are among the critical factors attributed to drive the Asia Pacific water treatment system market growth.
Governments worldwide are focusing on building wastewater treatment facilities. The Indian government is actively working to improve the nation's total water infrastructure. The Union Budget sets aside a sizeable sum of funds each year for the construction of water infrastructure. Through network augmentations, treatment upgrades, and metering and loss reduction, programs such as the Jal Jeevan Mission (JJM), National Mission for Clean Ganga (NMCG), Atal Mission for Rejuvenation and Urban Transformation (AMRUT), and other projects focused on rural and urban areas are significantly expanding access to safe, dependable, and affordable tap water supply. The National Framework on Recycle & Reuse (SRTW) policy of the government is a key tool in reducing the pressure on limited freshwater resources and encouraging the use of treated wastewater.
Along with government funding, several water treatment companies worldwide are also investing in developing water treatment facilities. In 2021, ACCIONA received a contract to construct and run a desalination plant. In 2023, the International Finance Corporation and the Ministry of Interior of Thailand signed a memorandum of understanding (MoU) to support the strengthening of Thailand's public infrastructure, as well as to improve access to high-quality water and expand the nation's wastewater treatment capacity. The agreement intends to open the door for cooperative initiatives, maximize subnational finance opportunities, and promote public-private partnership (PPP) projects with an emphasis on sustainability, all in keeping with Thailand's climate goals. Also, in 2023, the first phase of Darco Water Technologies Limited's water treatment and clean water supply project in the Ba Lai district of Vietnam's Ben Tre Province was completed, and the company started operations. Darco Water Technologies Limited provides integrated engineering and expertise-driven solutions for water treatment, wastewater management, clean water supply, and vacuum solid waste management. It will give up to 20,000 rural homes access to 5,000 m3 of clean water each day. After the project's second phase of construction is finished in 2024, the plant will provide 15,000m3 of clean water per day to additional homes and businesses in the Ben Tre Province's district of Ba Tri township and its surrounding 15 communes. Further, in 2022, Daiki Axis Japan, a producer of water treatment technologies, announced investing US$ 23.84 million (Rs 200 crore) to establish its second plant in Haryana, India. The Japanese "Johkasou" technology factory, which can create 1,000 sewage treatment units, is being built in Palwal. Thus, the increase in investments in water treatment plants is expected to provide growth opportunities to the water treatment systems market.
On the contrary, high maintenance and installation costs of water treatment systems hamper the growth of Asia Pacific water treatment system market.
Based on filtration process, the Asia Pacific vegetarian capsules market is segmented distillation, ultra-violet sterilization, reverse osmosis, filtration, ion-exchange, and others. The reverse osmosis segment held 25.1% market share in 2023, amassing US$ 4,747.83 million. It is projected to garner US$ 8,461.37 million by 2031 to register 7.5% CAGR during 2023-2031.
In terms of type, the Asia Pacific vegetarian capsules market is categorized into drinking water treatment system, industrial water treatment systems, wastewater treatment systems, portable water treatment systems, and well water treatment systems. The drinking water treatment system segment held 27.0% share of Asia Pacific water treatment system market in 2023, amassing US$ 5,114.25 million. It is anticipated to garner US$ 8,920.85 million by 2031 to expand at 7.2% CAGR during 2023-2031.
By application, the Asia Pacific vegetarian capsules market is segmented into ground water, brackish and sea water desalination, rainwater harvesting, drinking water, and others. The drinking water segment held 27.9% market share in 2023, amassing US$ 5,274.23 million. It is projected to garner US$ 9,409.33 million by 2031 to register 7.5% CAGR during 2023-2031.
By end user, the Asia Pacific vegetarian capsules market is segmented into residential, municipal, agriculture, food and beverage, commercial, mining and metal, oil and gas, pharmaceuticals, and others. The municipal segment held 18.6% market share in 2023, amassing US$ 3,525.92 million. It is projected to garner US$ 6,016.42 million by 2031 to register 6.9% CAGR during 2023-2031.
By country, the Asia Pacific vegetarian capsules market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 26.9% share of Asia Pacific water treatment system market in 2023. It was assessed at US$ 5,095.73 million in 2023 and is likely to hit US$ 8,181.59 million by 2031, registering a CAGR of 6.1% during 2023-2031.
Key players operating in the Asia Pacific water treatment system market are 3M Co, Aqua Filsep Inc., Aquatech International LLC., Culligan International Co, DuPont de Nemours Inc, Filtra-Systems Company LLC, Hitachi Zosen Corporation, Pall Corp, Pentair Plc, Rite Water Solutions (India) Pvt. Ltd., Thermax Limited, Thermo Fisher Scientific Inc, Veolia Environnement SA, and Xylem Inc, among others.
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