According to the Market Statsville Group (MSG), the global Packaged Water Treatment System Market size is expected to grow from USD 20,931.6 million in 2021 to USD 49,760.9 million by 2030, at a CAGR of 10.1% from 2022 to 2030. The packaged water treatment system market is expected to expand in the coming years. Water is made potable to varying degrees using packaged water treatment devices. For instance, some plants can clean the water of suspended particles, while others can improve the liquid's taste, odour, and transparency. Each system has benefits and drawbacks, and no single system can meet all of the market's requirements. Water treatment devices that use sediment filtration to remove suspended particles from the water and improve its overall appearance. In some systems, carbon filtration technology absorbs various hazardous substances from water. However, it does not remove mineral salts dissolved in water. Reverse osmosis water treatment equipment is used to extract the dissolved mineral salts. This technology will enhance the quality and taste of water.

Water distillation is another method of water treatment. Water is evaporated and then condensed into a liquid state in a separate location to remove contaminants. Membrane bioreactor (MBR) and moving bed biofilm reactor (MBBR) technologies are frequently used for wastewater or sewage water treatment. UV sterilization and ozonation, for example, are used in conjunction with or in place of other methods. Water utilities can save money by using a packaged water treatment system.

Long-term market growth would be influenced by rising awareness in emerging countries such as India, China, and South Africa, as well as global population growth. As the world's population grows, so will the demand for clean water, driving up the demand for packaged water treatment systems. Recycling and cleaning water from different bodies, such as lakes, rivers, and seas, will likely become more significant in meeting the growing need for clean water.

COVID-19 Impact on the Global Packaged Water Treatment System Market

The coronavirus outbreak had a negative impact on the packaged water treatment system market. The severe disruptions in various operations caused by government-imposed precautionary lockdowns resulted in a massive financial setback for the market. Markets have been witnessing a shortage of resources and qualified personnel, limiting their ability to meet the increasing demands of their target audience. The aforementioned factors will impact the market's growth over the forecast period.

On the positive side, the market is expected to rebound as individual regulatory bodies relax these imposed lockdowns, and the market is expected to recover post-COVID. Furthermore, global markets and governments are increasing their investment in R&D departments to prevent water abuse and promote optimal and prudent use.

Global Packaged Water Treatment System Market Dynamics

Drivers: Rapid Industrialization and Urbanization

The market is expected to grow as water contamination increases, and people become more concerned. Other factors such as rapid urbanization and industrialization, stringent environmental norms and regulations, the growing importance of packaged water and wastewater treatment, and improving people's living standards are expected to drive the packaged water treatment system market.

Restraints: Packaged Water Treatment Systems are Expensive

The high cost of packaged water treatment systems, as well as a scarcity of skilled and trained professionals, the increase in demand for eco-friendly formulations, the increase in the prevalence of fresh water, and an insecure market for packaged water treatment systems, are expected to restrict the market growth during the forecast period.

Opportunities: Countries Increasing Their Investments in Wastewater Treatment

Countries increasing investments in wastewater treatment will provide profitable opportunities to market players. Furthermore, stringent environmental regulations and sustainability mandates, combined with technological advancements in packaged water and wastewater treatment systems, will drive future growth in the packaged water treatment system market.

Scope of the Global Packaged Water Treatment System Market

The study categorizes the packaged water treatment system market based on technology and application at the regional and global levels.

By Technology Outlook (Sales, USD Million, 2017-2030)     

• Extended Aeration
• Moving Bed Biofilm Reactor (MBBR)
• Reverse Osmosis (RO)
• Membrane Bioreactor (MBR)
• Sequential Batch Reactor (SBR)
• Others

By Application Outlook (Sales, USD Million, 2017-2030)

• Municipal Wastewater
• Industrial Wastewater
• Drinking Water

By Region Outlook (Sales, USD Million, 2017-2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • The Netherlands
  • Norway
  • Czech Republic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA

Drinking water segment is projected to account for the largest market share, by application

Based on application, the global packaged water treatment system market is divided into drinking, industrial wastewater treatment and municipal wastewater treatment. Drinking water accounted for the largest market share in packaged water treatment systems market due to global population growth and increased drinking water scarcity. According to National Geographic, freshwater constitutes only a small portion of the total water available on the planet. The Earth is 70% covered in water, of which only 2.5 percent is fresh, and the rest is ocean-based and saline. To summarise, only 0.007 percent of the world's water is available to feed the planet's 7.8 billion people. This is expected to drive market demand for packaged water treatment systems in the long run.

Asia Pacific accounts for the highest CAGR during the forecast period

Based on the regions, the global packaged water treatment system market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. The Asia Pacific is expected to grow at the highest CAGR during the forecast period. Rising demand for fresh and clean water in the region from industries and households will drive market demand. The rising standard of living in the region, combined with a scarcity of freshwater sources, has made it critical to reclaiming wastewater to meet freshwater needs. The market for water treatment systems is expected to flourish.

Key Market Players in the Global Packaged Water Treatment System Market

The global packaged water treatment system market is highly competitive, with key industry players adopting strategies such as partnerships, acquisitions, product development, agreements, and expansion to strengthen their market positions. Most companies in the market are indulged in expanding business across regions, enhancing their capabilities, and molding strong partner relations.

Major players in the global packaged water treatment system market are:

• Veolia Water Technologies
• GE Water & Process Technologies
• RWL Water
• Westech Engineering Inc
• Smith & Loveless Inc.
• Napier-Reid Ltd.
• CST Wastewater Solutions Inc.,
• WPL International
• Enviroquip,
• Corix Water Systems

Key Issues Addressed

• What is the market size by various segmentation of the packaged water treatment system by region and its respective countries?
• What are the customer buying behavior, key takeaways, and Porter's 5 forces of the packaged water treatment system market ?
• What are the key opportunities and trends for manufacturers involved in the packaged water treatment system supply chain?
• What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
• What and how regulations, schemes, patents, and policies are impacting the growth of the market?
• What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
• The market player positioning, top winning strategies by years, company product developments, and launches will be?
• How has COVID-19 impacted the demand and sales of packaged water treatment system in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
• Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.