Report : North America 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 5.5% CAGR, North America Water Treatment System Market is Projected to be Worth US$ 24,241.49 Million by 2031, says Business Market Insights
According to Business Market Insights' research, the North America water treatment system market was valued at US$ 15,740.15 million in 2023 and is expected to reach US$ 24,241.49 million by 2031, registering a CAGR of 5.5% from 2023 to 2031. Growing demand for process water in various end-use industries and increasing government regulations on wastewater treatment are among the critical factors attributed to drive the North America water treatment system market growth.
There is a growing demand for purified water in various end-use industries, such as power generation, manufacturing, pharmaceutical, and food & beverages. In these end-use industries, clean and purified water is utilized for various applications, including steam generation, dilution, and manufacturing equipment washing and cooling. This has mounted the requirement for a reliable and consistent water supply in sectors such as agriculture, power generation, manufacturing, and food & beverages. The energy & power sector is one of the major end users of water. Additionally, the food & beverage sector is also contributing to the soaring demand for water treatment systems globally, as clean water is widely used for food production, food item cleaning, food processing, and preservation. Water filtration or treatment systems are also used in the manufacturing sector for removing contaminants, impurities, and other unnecessary substances from water utilized in industrial processes. Water treatment systems are crucial for enhancing product quality, meeting regulatory requirements, and equipment protection, which is anticipated to drive the growth of the water treatment systems market in the coming years. Furthermore, the increasing government focus on implementing sustainable alternatives in the industrial sector is boosting the application of water treatment systems.
Mineral exploration is one of the major application areas of water treatment systems since mineral exploration sites require water purification systems for cleaning equipment and other drilling processes. Nations such as China, Australia, Russia, Brazil, Canada, and the US are widely engaged in mineral exploration activities. These countries are also promoting the discovery of new mineral exploration sites and upgrade and maintenance of existing sites, which is anticipated to propel the application of water treatment systems. Thus, the growing demand for purified water in various end-use industries is a major driving factor for the water treatment systems market.
On the contrary, high maintenance and installation costs of water treatment systems hamper the growth of North America water treatment system market.
Based on filtration process, the North America water treatment system market is segmented distillation, ultra-violet sterilization, reverse osmosis, filtration, ion-exchange, and others. The reverse osmosis segment held 24.0% market share in 2023, amassing US$ 3,773.24 million. It is projected to garner US$ 5,943.04 million by 2031 to register 5.8% CAGR during 2023-2031.
In terms of type, the North America water treatment system 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 26.0% share of North America water treatment system market in 2023, amassing US$ 4,099.25 million. It is anticipated to garner US$ 6,625.69 million by 2031 to expand at 6.2% CAGR during 2023-2031.
By application, the North America water treatment system market is segmented into ground water, brackish and sea water desalination, rainwater harvesting, drinking water, and others. The drinking water segment held 25.9% market share in 2023, amassing US$ 4,079.05 million. It is projected to garner US$ 6,595.92 million by 2031 to register 6.2% CAGR during 2023-2031.
By end user, the North America water treatment system market is segmented into residential, municipal, agriculture, food and beverage, commercial, mining and metal, oil and gas, pharmaceuticals, and others. The municipal segment held 15.7% market share in 2023, amassing US$ 2,699.54 million. It is projected to garner US$ 4,294.72 million by 2031 to register 6.3% CAGR during 2023-2031.
By country, the North America water treatment system market is segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 70.2% share of North America water treatment system market in 2023. It was assessed at US$ 11,055.58 million in 2023 and is likely to hit US$ 16,775.11 million by 2031, registering a CAGR of 5.4% during 2023-2031.
Key players operating in the North America water treatment system market are 3M Co; Aquatech International LLC.; Culligan International Co; DuPont de Nemours Inc; Hitachi Zosen Corporation; Filtra-Systems Company LLC; Pall Corp; Pentair Plc; Pure Aqua, Inc.; Thermax Limited; Thermo Fisher Scientific Inc; Veolia Environnement SA; and Xylem Inc, among others.
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