EMEA & Asia Pacific Water Treatment Market Highlights Over 2020 - 2026
The EMEA & Asia Pacific water treatment market is estimated to garner a revenue of USD 88225.8 Million by the end of 2026 by growing with a CAGR of 5.8% over the forecast period, i.e., 2020 – 2026. Further, in the year 2020, the market in these regions attained a revenue of USD 63020.3 Million. The growth of the market can primarily be attributed to the growing population in these regions and hence the increasing need for potable water. According to the statistics by the World Bank, the population around the world touched 7.753 Billion in the year 2020, up from 3.032 Billion in 1960. Further, in the European Union, Middle East & North Africa, and the East Asia & Pacific, the population touched 447794691 numbers, 464554123 numbers, and 2.353 Billion respectively in the year 2020. Moreover, with the growing concern for the lack of availability of potable water in these regions, and the increasing focus of the government to increase the availability of drinking-water service, are some of the major factors anticipated to drive the growth of the market during the forecast period. Besides this, the growing concern for the increasing incidences of water-borne diseases, such as diarrhea, cholera, dysentery, typhoid and others, caused due to the consumption of contaminated water, are driving the demand for water treatment services, which in turn is expected to accelerate the market growth.
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EMEA & Asia Pacific Water Treatment Market Regional Synopsis
Regionally, the EMEA & Asia Pacific water treatment market is segmented into Europe, Middle East & Africa, and the Asia Pacific. Out of the market in these regions, the market in the Asia Pacific is projected to hold the highest market share during the forecast period and further grow with the highest CAGR of 6.3% during the forecast period. The market in the region is projected to garner a revenue of USD 46262.2 Million by the end of 2026, up from USD 32010.2 Million in 2020. Growing concern for surface and groundwater pollution in the region, owing to the increasing urbanization, and economic development is one of the major factors anticipated to drive the growth of the market in the Asia Pacific. In other statistics by the World Bank, urban population as a share of total population in the East Asia & Pacific touched 60.695% in the year 2020. The market in the Asia Pacific is segmented by countries into China, India, Japan, South Korea, Singapore, Australia, Indonesia, Malaysia, Thailand, Taiwan, and the Rest of Asia Pacific. Amongst the market in these countries, the market in China is projected to garner the largest market revenue of USD 24070.3 Million by the end of 2026, up from USD 16676.3 Million in 2020. Alternatively, the market in India is projected to grow with the highest CAGR of 9.8% during the forecast period.
Growth Drivers and Challenges Impacting the Growth of the EMEA & Asia Pacific Water Treatment Market
Growth Drivers
- Increasing Population and Urbanization
- Growing Need for Potable Water
Challenges
- Lack of Skilled Personnel for Operating Wastewater Plants
EMEA & Asia Pacific Water Treatment Market Segmentation Synopsis
The EMEA & Asia Pacific water treatment market is segmented by product into chemicals, and equipment & systems. Out of these two segments, the chemicals segment is projected to garner the largest market revenue by the end of 2026, while the equipment & systems segment is projected to grow with the highest CAGR of 6.4% during the forecast period. Further, the market is segmented by application into municipal, and industrial wastewater treatment. Out of these segments, the municipal wastewater treatment segment is projected to hold the highest market share during the forecast period. The industrial wastewater treatment segment, on the other hand, is anticipated to grow with the highest CAGR of 6.1% during the forecast period. Further, on the basis of technology, the market is segmented into oil/water separation, suspended solids removal, dissolved solids removal, biological treatment/nutrient & metal recovery, disinfection/oxidation, and others. Out of these, the dissolved solids removal segment is projected to garner the largest market revenue of USD 31245.8 Million by the end of 2026, up from USD 22007.8 Million in 2020. The segment is also expected to grow with the second-highest CAGR of 6% during the forecast period.
Top Featured Companies Dominating the Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the EMEA & Asia Pacific water treatment market that are included in our report are SUEZ, BASF SE, DuPont de Nemours, Inc., Xylem, Evoqua Water Technologies LLC, Aquatech International LLC, Ecolab Inc., Solvay SA, VEOLIA ENVIRONNMENT SA, Kurita Water Industries Ltd., and others.
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