As cited by the business intelligence report titled ‘Global Water and Wastewater Treatment Equipment Market size study, by Equipment (Membrane Separation, Biological, Disinfection, and Sludge treatment), Process (Primary, Secondary and Tertiary), Application (Municipal and Industrial)and Regional Forecasts 2020-2027’, available with Market Study Report, global water and wastewater treatment equipment market was worth USD 61.60 billion in 2019 and is predicted to grow at 4% CAGR over 2020-2027, subsequently reaching a valuation of USD 242.6 billion by the end of the forecast period.
 

As per the report findings, rapid development across urban areas, growing population, and unceasing depletion of forests are catalyzing global water and wastewater treatment equipment market growth.
 

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In fact, according to the Forest Resources Assessment conducted by the United Nation Food and Agriculture Organization, around 10 million hectares of forests are cut down every year.
 

For those unaware, water and wastewater equipment is utilized for separating impurities such as chemicals, food scraps, human waste, and other impurities from water. Escalating adoption of the equipment in the food & beverages industry vertical, coupled with limited water resources will continue to stimulate market outlook.
 

Speaking of the restraining factors of global water and wastewater treatment equipment market, imposition of stringent government regulations pertaining to wastewater disposal, high costs of the equipment, and unaffordable installation prices are expected to barricade business development in the forthcoming years.
 

From a regional viewpoint, the market sphere is bifurcated into Latin America, Europe, Asia-Pacific, North America, and rest of the world.
 

Among these, North America water and wastewater treatment equipment industry is anticipated to grow significantly through 2027. Meanwhile, Asia-Pacific market is estimated to grow tremendously over the forecast period, on account of scarcity of natural water resources and imposition of stringent government regulations.
 

Elaborating on competitive landscape, Suez S.A., Ashland Water Technologies, Veolia Water Technologies, DuPont Water Solutions, Xylem Inc., Pentair plc, Aquatech International LLC, Ecolab Inc., Evoqua Water Technologies LLC, and Calgon Carbon Corp. are the top companies operating in global water and wastewater treatment equipment market space.