Water Recycle and Reuse Market by Equipment (Filtration, Machinery, Tanks, Pipes and Drains), Capacity (<25,000L, 25,001 TO 50,000 L, 50,001 L TO 100,000 L, > 100,001 L), End Use (Industrial, Commercial, Residential), & Region - Global Forecast to 2028
Water Recycle and Reuse Market
Water Recycle and Reuse Market is valued at USD 16.1 billion in 2023 and is projected to reach USD 27.0 billion by 2028, growing at a cagr 10.8% from 2023 to 2028. The market is mainly led by the significant usage of water recycle and reuse equipments in various end-use industries. The growing demand from the industrial sector, rising demand for recycle water, and concerns for reducing the environmental impact are driving the market for water recycle and reuse industry.
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Attractive Opportunities in the Water Recycle and Reuse Market
Market Dynamics
Driver: Increasing Water Scarcity
Water scarcity is a growing global concern that is driven by several factors. One of the primary drivers of water scarcity is population growth. As the global population continues to grow, the demand for water resources is increasing, particularly in urban areas where populations are concentrated. Another significant driver of water scarcity is climate change, which is affecting water resources around the world, leading to changes in precipitation patterns, melting of glaciers, and increasing frequency and severity of droughts and floods. Water pollution from industrial, agricultural, and domestic sources is also a significant driver of water scarcity, as pollution can contaminate freshwater resources, making them unsuitable for human consumption or other uses.
Restraint: Health and safety concerns.
The public is cautious when it comes to decisions regarding public water supply, as it directly impacts public health, environmental protection, sustainability, and future development. Thus, people are hesitant to accept new water supply methods and technologies, and closely monitor the methods employed by water management agencies. The use of recycled water for potable reuse is no exception, as the public generally distrusts wastewater treatment technology due to the sociological theory of "contagion." This theory suggests that people view anything deemed "disgusting" as permanently tainted, regardless of any subsequent purification or filtration.
Opportunity: Rising population and rapid urbanization.
The global population is increasing rapidly, and with it, comes the challenge of providing sufficient water resources to meet the growing demand. Additionally, urbanization is happening at an unprecedented rate, with more and more people living in cities and urban areas. This trend creates significant opportunities for water recycling and reuse. It is estimated by the WHO that around 40% of the global population in next few decades will live in countries facing water stress. Currently, around 19 countries can be classified as having water scarcity with total renewable water resources less than 500 m3 per capital by 2025. The world’s population is expected to grow by 2.3 billion people between 2009 and 2050, of which 80% percent will be living in developing countries. The increase in the world’s population will also have a significant impact on water supply for food production.
Challenge: High cost and infrastructure requirements
Water recycling and reuse can face various technical and operational challenges, including the high cost and plant infrastructure challenges.
The cost of implementing and maintaining a water recycling and reuse system can be high. This is due to the need for advanced treatment technologies and extensive infrastructure, such as pipelines and storage facilities, to transport and store recycled water. Additionally, recycled water may require additional treatment to meet specific quality requirements for its intended use, which can add to the overall cost.
Market Ecosystem
The market ecosystem for water recycle and reuse is composed of a diverse array of entities and stakeholders that collectively contribute to the development, implementation, and advancement of water recycling technologies and solutions. At the core of this ecosystem are technology providers who focus on research, development, and manufacturing of water recycling equipment and systems. They continuously innovate and produce filtration systems, membrane technologies, and chemical dosing equipment to meet the evolving demands of the market.
Veolia Water Technologies(France), SUEZ Water Technologies & Solutions (France), Evoqua Water Technologies(US), Fluence Corporation Limited (US), Dow Chemical Company (US), Hitachi Ltd. (Japan), Kubota Corporation (Japan), Siemens Energy (Germany), Alfa Laval (sweden), Melbourne Water (Australia).
Water Recycle and Reuse Market Ecosystem
Source: Secondary Research, Interviews with Experts, and MarketsandMarkets Analysis
"Filtration type of equipment is the largest type for Water recycling and reuse in 2023, in terms of value"
The largest market share is a filtration in the global water recycling and reuse market in term of value in 2023.Additionally, the sector is anticipated to expand at the fastest CAGR.in value in 2022. Filtration stands as one of the largest and most critical types of processes in the realm of water recycle and reuse. With its primary function of removing impurities, contaminants, suspended solids, and microorganisms from water, filtration ensures that recycled water meets the required quality standards for its intended beneficial applications. It serves as a vital step in the treatment and purification process, guaranteeing the safety and reliability of the recycled water.
In water recycle and reuse systems, a wide array of filtration technologies are employed to effectively eliminate particles, sediments, organic matter, and pathogens from the water. Filtration holds the responsibility of producing high-quality recycled water that meets the stringent standards necessary for diverse applications. With its pervasive influence and vital role in the water recycling industry, filtration unquestionably stands as the largest and most significant type of process within this sector.
"Industrial was largest end-use industry for Water recycling and reuse market in 2023, in terms of value"
The industrial sector, by end use, accounted for the largest market share in the global Water recycling and reuse market, in terms of value, in 2023. However, the industrial sector is projected to grow at the highest CAGR in value during the forecast period. The industrial sector plays a significant role in boosting the demand for water recycling due to several key factors: Water Scarcity and Resource Constraints, Resilience and Risk Mitigation and Regulatory Compliance. The industrial sector is driven to adopt water recycling technologies and practices to address water scarcity, comply with regulations, achieve cost savings, align with sustainability objectives, mitigate risks, and meet stakeholder expectations. These factors collectively contribute to the increasing demand for water recycling in industrial operations
"Asia Pacific was the largest market for water recycle and reuse in 2023, in terms of value."
In terms of value, Asia Pacific dominated the worldwide water recycle and reuse industry in 2023. The largest market in the Asia Pacific region is China. Given the sizeable industrial and commercial sectors, rising population, and urbanisation, it is anticipated to experience the largest growth during the projected period. The major players operating in the Asia Pacific region include Veolia Water Technologies, Fluence Corporation Limited among others.
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Water Recycle and Reuse Market Industry Players
The key players in this market Veolia Water Technologies(France), SUEZ Water Technologies & Solutions (France), Evoqua Water Technologies(US), Fluence Corporation Limited (US), Dow Chemical Company (US), Hitachi Ltd. (Japan), Kubota Corporation (Japan), Siemens Energy (Germany), Alfa Laval (sweden), Melbourne Water (Australia). Continuous developments in the market—including new product launches, mergers & acquisitions, agreements, and expansions—are expected to help the market grow. Leading manufacturers of water recycle and reuse have opted for new product launches to sustain their market position.
Water Recycle and Reuse Market Report Scope
|
Report Metric |
Details |
|
Market Size Value in 2023 |
USD 16.1 billion |
|
Revenue Forecast in 2028 |
USD 27.0 billion |
|
CAGR |
10.8% |
|
Years considered for the study |
2023-2028 |
|
Base Year |
2022 |
|
Forecast period |
2023–2028 |
|
Units considered |
Value (USD Billion/Million) |
|
Segments |
Equipments, Capacity, End Use, and Region |
|
Regions |
Asia Pacific, North America, Europe, Middle East & Africa, and South America |
|
Companies |
. Veolia Water Technologies(France), SUEZ Water Technologies & Solutions (France), Evoqua Water Technologies(US), Fluence Corporation Limited (US), Dow Chemical Company (US), Hitachi Ltd. (Japan), Kubota Corporation (Japan), Siemens Energy (Germany), Alfa Laval (sweden), Melbourne Water (Australia). |
Segmentation
This report categorizes the global water recycle and reuse market based on equipments, capacity, end use and region.
On the basis of equipments, the market has been segmented as follows:
- Filtration.
- Machinery.
- Tanks.
- Pipes & Drains.
- Others.
On the basis of Capacity, the water recycle and reuse market has been segmented as follows:
- <25,000L,
- 25,001 TO 50,000 L.
- 50,001 L TO 100,000 L.
- > 100,001 L.
On the basis of End use industry, the water recycle and reuse market industry has been segmented as follows:
- Industrial.
- Commercial.
- Residential.
On the basis of region, the water recycle and reuse market has been segmented as follows:
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- South America
Recent Developments
- In 2020 Veolia group acquired 30% shares of Suez's capital from Engie to enhance its water business segment in France.
- SUEZ owns a 50 % stake, signed at the very end of 2022 a new 10-year contract with the newly established voluntary association of municipalities "Spolecná voda". With a cumulative turnover of 200 million euros, this contract covers the treatment and distribution of drinking water and the collection and treatment of wastewaterFluence Corporation Limited announced that it had secured a contract to deliver a seawater desalination plant for the Egyptian General Petroleum Corporation (EGPC) in Egypt. The plant will be designed to produce up to 12,000 cubic meters of potable water per day.
- In 2022, Evoqua water technologies has purchased the remaining equity of San Diego-based Frontier Water Systems, LLC. Evoqua initially announced its majority investment position in Frontier Water SystemsIn July 2022, Veolia Water Technologies announced its partnership with TotalEnergies and will build the largest photo voltaic (PV) system in Oman to power a desalination plant.
- In 2021, Fluence Corporation acquired MABR technology from RWL Water Group. MABR is a wastewater treatment technology that uses less energy and reduces the carbon footprint compared to traditional wastewater treatment methods.
Frequently Asked Questions (FAQ):
What is the expected growth rate of the water recycle and reuse market?
This study's forecast period for the water recycle and reuse market is 2023-2028. The market is expected to grow at a CAGR of 10.8%, in terms of value, during the forecast period.
Who are the major key players in the water recycle and reuse market?
Veolia Water Technologies(France), SUEZ Water Technologies & Solutions (France), Evoqua Water Technologies(US), Fluence Corporation Limited (US), Dow Chemical Company (US), Hitachi Ltd. (Japan), Kubota Corporation (Japan), Siemens Energy (Germany), Alfa Laval (sweden), Melbourne Water (Australia) are the leading manufacturers and service provider of water recycle and reuse market.
What are the major regulations of the water recyle and reuse market in various countries?
Environmental protection agencies of different countries have laid down certain regulations for the proper treatment of wastewater using water recycle and reuse.
What are the drivers and opportunities for the water recycle and reuse market?
The water scarcity and the Innovation in water treatment technologies drive the water recycle and reuse market. The opportunities are the rapid urbanization and growing population and different government initiatives for sustainable development.
Which are the key technology trends prevailing in the water recyle and reuse market?
The key technologies prevailing in the water recyle and reuse market include filtration membrane-based technology like reverse osmosis and nanofiltration, advanced pre-treatment systems, zero liquid discharge systems, automation, and control systems like the use of artificial intelligence and machine learning to optimize processes. .
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The study involved four major activities in estimating the market size of the water recycle and reuse market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information for this study. These secondary sources include annual reports, press releases, investor presentations of companies, white papers, certified publications, trade directories, articles from recognized authors, the gold standard and silver standard websites, and databases.
Secondary research has been used to obtain key information about the value chain of the industry, the monetary chain of the market, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level and regional markets. It was also used to obtain information about the key developments from a market-oriented perspective.
Primary Research
The water recycle and reuse market comprises several stakeholders in the value chain, which include input suppliers, equipment manufacturers, technology providers, service providers, distribution and logistics, and end users. Various primary sources from the supply and demand sides of the water recycle and reuse industry have been interviewed to obtain qualitative and quantitative information. The primary interviewees from the demand side include key opinion leaders in end-use sectors. The primary sources from the supply side include manufacturers, associations, and institutions involved in the water recycle and reuse industry.
Primary interviews were conducted to gather insights such as market statistics, data of revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to technology, type, application, and region. Stakeholders from the demand side, such as CIOs, CTOs, and CSOs were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of water recycle and reuse and the future outlook of their business, which will affect the overall market.
The breakdown of profiles of the primary interviewees is illustrated in the figure below:
Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2021 available in the public domain, product portfolios, and geographical presence.
Other designations include consultants and sales, marketing, and procurement managers.
To know about the assumptions considered for the study, download the pdf brochure
|
Company Name |
Designation |
|
VeoliaWater Technologies |
Individual Industry Expert |
|
Evoqua Water Technologies |
Sales Manager |
|
Fluence Corporation Limited |
Manager |
|
Melbourne Water |
Marketing Manager |
|
Dow chemical company |
R&D Manager |
|
|
|
Market Size Estimation
The top-down and bottom-up approaches have been used to estimate and validate the size of the water recycle and reuse industry.
- The key players in the industry have been identified through extensive secondary research.
- The industry's supply chain has been determined through primary and secondary research.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
- The research includes the study of reports, reviews, and newsletters of the key market players, along with extensive interviews for opinions with leaders such as directors and marketing executives.
Water Recycle And Reuse Market: Bottum-Up Approach
Note: All the shares are based on the global market size.
Source: Secondary Research, Interviews with Experts, and MarketsandMarkets Analysis
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Water Recycle And Reuse Market: Top-Down Approach
Data Triangulation
After arriving at the total market size from the estimation process explained above, the overall market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated by using both the top-down and bottom-up approaches and primary interviews. Hence, for every data segment, there have been three sources—top-down approach, bottom-up approach, and expert interviews. The data was assumed correct when the values arrived from the three sources matched.
Market Definition
Water recycle and reuse refers to the process of process of converting municipal wastewater or industrial wastewater into water that can be reused for a variety of purposes. The water recycle and reuse market refers to the industry that encompasses the technologies, solutions, and services involved in treating and reclaiming wastewater or other non-potable water sources for beneficial purposes. It involves the collection, treatment, and purification of water to meet quality standards suitable for various applications, such as agriculture, irrigation, industrial processes, environmental restoration, groundwater replenishment, and even potable water supplies.
Key Stakeholders
- Raw material suppliers.
- Water recycle and reuse equipments manufacturers.
- Water recycle and reuse traders, distributors, and suppliers.
- End-use industry participants.
- Government and research organizations.
- Associations and industrial bodies.
- Research and consulting firms.
- Research & development (R&D) institutions..
- Environmental support agencies.
Report Objectives
- To define, describe, and forecast the size of the water recycle and reuse industry, in terms of value.
- To provide detailed information regarding the major factors (drivers, opportunities, restraints, and challenges) influencing the growth of the market
- To estimate and forecast the market size based on technology, type, application and region.
- To forecast the size of the market with respect to major regions, namely, Europe, North America, Asia Pacific, Middle East & Africa, and South America, along with their key countries.
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market.
- To analyze opportunities in the market for stakeholders and provide a competitive landscape of market leaders.
- To track and analyze recent developments such as expansions, new product launches, partnerships & agreements, and acquisitions in the market.
- To strategically profile key market players and comprehensively analyze their core competencies.
Available Customizations
Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Regional Analysis
- Further breakdown of a region with respect to a particular country or additional application
Company Information
- Detailed analysis and profiles of additional market players
Growth opportunities and latent adjacency in Water Recycle and Reuse Market