Europe 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)
The Europe water treatment system market was valued at US$ 15,365.33 million in 2023 and is expected to reach US$ 25,460.88 million by 2031; it is estimated to register a CAGR of 6.5% from 2023 to 2031.
Rising Investments in Wastewater Treatment Facilities Drive Europe Water Treatment System MarketGovernments worldwide are focusing on building wastewater treatment facilities. In March 2023, the government of North Macedonia and the European Investment Bank have agreed to an approximately US$ 75 million (€70 million) EU investment grant for the construction of a wastewater treatment plant in Skopje. This environmental initiative, which is a component of the Western Balkans Green Agenda and the Economic and Investment Plan of the European Commission, will improve living conditions for almost 500,000 people.
Along with government funding, several water treatment companies worldwide are also investing in developing water treatment facilities. In October 2023, Hydro invested in a new water treatment plant at the Schwandorf heritage site in Germany. Also, in September 2022, BIPSO commissioned its cutting-edge wastewater treatment plant at its Singen site. The company invested US$ 1.5 million in the development of this factory. BIPSO's wastewater treatment plant is an investment in cutting-edge technology for treating industrial wastewater. The plant is used to collect cleaning water during the sterile manufacturing of contrast media in the pharmaceutical business. Thus, the increase in investments in water treatment plants is expected to provide growth opportunities to the water treatment systems market.
Europe Water Treatment System Market OverviewGermany, Italy, France, the UK, and Russia are among the key countries contributing to the Europe water treatment systems market. European governments continue to finance and support the development of water treatment facilities. For instance, in March 2021, the European Investment Bank provided ~US$ 31.93 million to help the water distribution efforts of Aguas do Interior Norte (AdIN), which is a comprehensive solution provider of water supply and treatment facilities. However, Hungary, Poland, and several countries in Southern Europe still lag in consolidated water treatment facilities. Moreover, in the UK and France, governments are focusing majorly on developing more effective water treatment facilities to remove traces of phosphorous and nitrogen substances into water bodies. The European Union Water Framework Directive, introduced in 2000 to reorganize and streamline water policy and management across the member states, is anticipated to enhance the performance standards of different sorts of water treatment systems, including portable systems. Kärcher Futuretech GmbH, Veolia Environnement SA, Pall Corporation, EUROWATER, BGS Strate Wasserhochdruck GmbH, Hidritec, Logisticon Water Treatment, and WOG GROUP are the key market players operating in the market. The systems and services provided by the key operators have contributed substantially to the water treatment systems market growth in Europe.
Europe Water Treatment System Market Revenue and Forecast to 2031 (US$ Million)
Europe Water Treatment System Market SegmentationThe Europe water treatment system market is categorized into filtration process, type, application, end user, and country.
Based on filtration process, the Europe water treatment system market is segmented distillation, ultra-violet sterilization, reverse osmosis, filtration, ion-exchange, and others. The reverse osmosis segment held the largest market share in 2023.
In terms of type, the Europe 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 the largest market share in 2023.
By application, the Europe 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 the largest market share in 2023.
By end user, the Europe water treatment system market is segmented into residential, municipal, agriculture, food and beverage, commercial, mining and metal, oil and gas, pharmaceuticals, and others. The residential segment held the largest market share in 2023.
By country, the Europe water treatment system market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Germany dominated the Europe water treatment system market share in 2023.
3M Co; Aquatech International LLC.; Culligan International Co; DuPont de Nemours Inc; Filtra-Systems Company LLC; Pall Corp; Pentair Plc; Thermax Limited; Pure Aqua, Inc.; Aquatech International LLC; Thermo Fisher Scientific Inc; Veolia Environnement SA; and Xylem Inc are some of the leading companies operating in the Europe water treatment system market.
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