Water Treatment Equipment Market Size In Power Industry 2024-2028

The water treatment equipment market in power industry size is forecast to increase by USD 1.19 billion at a CAGR of 3.2% between 2023 and 2028. The market is experiencing significant growth due to the strategic initiatives aimed at ensuring clean water usage and complying with stringent regulations. The increasing power demand worldwide is driving the need for advanced water treatment solutions to minimize wastewater emissions and reduce operational costs. This growth also drives demand for municipal water and wastewater treatment equipment and water and wastewater treatment equipment, which are critical in ensuring sustainable water management practices across industries. The operational complexity of water treatment processes is a key challenge, necessitating the adoption of innovative technologies and automation systems. The restraint analysis indicates that the high initial investment and maintenance costs associated with water treatment equipment may hinder market growth. However, the long-term benefits, including improved efficiency and regulatory compliance, outweigh the costs. In conclusion, the market is poised for growth, driven by increasing power demand, stringent regulations, and the adoption of advanced technologies.

Market Forecasting and Size

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Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for 2024-2028 and historic data from 2018 - 2022 for the following segments.

• Type
  • Membrane separation
  • Demineralization
  • Ozonation
  • Others
• Application
  • Raw water treatment
  • Wastewater treatment
• Geography
  • APAC
    • China
    • India
    • Japan
  • Europe
    • Germany
  • North America
    • US
  • South America
  • Middle East and Africa

By Type 

The market share growth by the membrane separation segment will be significant during the forecast period. Membrane separation refers to a technology used in the power industry to separate and purify different components of fluids or gases using semi-permeable membranes. Membranes enable certain molecules or particles to pass through while blocking others based on their size, charge, and solubility.

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The membrane separation segment was valued at USD 2.74 billion in 2018. Membrane separation plays a vital role in producing fresh water for industrial processes and plant cooling by desalinating seawater or brackish water. This process is accomplished mainly through  RO Membranes (reverse osmosis (RO) membranes). Additionally, membrane separation processes like ultrafiltration and microfiltration are used to treat this from industries, cooling tower blowdowns, and other sources to meet environmental regulations and reduce consumption. Membrane separation provides high levels of separation efficiency and purity, ensuring that the separated components meet stringent quality requirements. Therefore, it is a versatile technology that offers many benefits to the industry, contributing to cleaner operations, reduced environmental impact, and enhanced resource efficiency. This, in turn, will promote the growth of the membrane separation segment and fuel water treatment equipment in the power market growth during the forecast period.

Application Analysis

Based on application, the market has been segmented into raw water treatment and wastewater treatment. The raw  treatment segment will account for the largest share of this segment.? In the power industry, raw is a crucial process that involves the purification and conditioning of water obtained from natural sources such as rivers, lakes, or groundwater. In addition, depending on the quality and specific plant needs, advanced treatment methods, such as membrane filtration, ion exchange membranes (ion exchange membranes market), and activated carbon adsorption, may be employed. However, poorly treated can lead to scaling, corrosion, reduced heat transfer efficiency, and increased operational costs. Therefore, effective raw contribute to the safe and efficient operation of these plants while lowering environmental impact and, in turn, drive the growth of the raw segment and, in turn, drive the market during the forecast period.

Regional Analysis

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APAC is estimated to contribute 34% to the growth during the forecast year.  Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional market growth and trends influencing the market's trajectory throughout the forecast period. In developed and emerging economies within the Asia Pacific (APAC) region, the power industry's water treatment equipment market for the power industry is projected to expand significantly due to escalating water scarcity and pollution concerns.

Furthermore, power plants are essential for generating electricity, and they rely on a steady water supply for cooling and other processes. As urbanization and industrialization accelerate in APAC, the construction of new power plants increases, leading to a heightened demand for advanced water treatment solutions. Decentralized wastewater treatment systems with low operating costs and high treatment efficiency are increasingly preferred to ensure a safe and sustainable water source for power generation. s new facilities are built or existing ones are upgraded, equipment and wastewater treatment (wastewater treatment services market) are a crucial component of the overall infrastructure. With growing economic growth in APAC, the need for electricity is escalating, and the demand for the power industry's water treatment equipment market is following suit to support the water requirements of power plants.

Market Dynamics

The power industry is a significant contributor to industrialization and urbanization worldwide. However, this growth comes with environmental challenges, particularly in managing the vast amounts of wastewater generated. Environmental regulations are increasingly stringent, emphasizing the need for sustainable wastewater treatment solutions. Industrialization and urbanization have led to an exponential increase in environmental pollution. In the power industry, the demand for water treatment equipment is closely linked with the use of water and wastewater treatment chemicals, which are essential for maintaining efficient and safe operations of power plants. Environmental regulations aim to protect public health and the environment by ensuring that wastewater discharged from industries meets specific quality standards. These regulations have driven the adoption of advanced water treatment technologies in the power industry.

Sustainable wastewater treatment is a priority for developed economies and emerging economies alike. Smart water management technologies, including remote monitoring and decentralized systems, are gaining traction as they enable power facilities to optimize water usage, reduce wastage, and minimize environmental impact. Membrane filtration is another advanced technology gaining popularity in the power industry. This technology uses membranes to filter out impurities, making the water safe for reuse. Tertiary treatment, which involves the use of advanced technologies like ultraviolet disinfection technologies, further enhances water quality, ensuring it meets the highest standards. Water quality is essential for the power industry, as poor water quality can impact refinery output and energy fuels. Advanced water treatment technologies help mitigate the environmental impact of the power industry by reducing the amount of wastewater discharged and ensuring that the water used is clean and safe. Our researchers studied the market research and growth data for years, with 2023 as the base year along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

Increasing power demand is notably driving market growth. The power industry's reliance on water for various processes, including cooling and steam generation, necessitates the use of advanced power industry water treatment equipment. With population growth and the construction of new residential and commercial buildings, the demand for electricity and, consequently, power market water treatment solutions, continues to increase. Effective water treatment is essential to ensure the cleanliness of water used in power generation, preventing issues such as fouling, scaling, and corrosion.

Furthermore, water scarcity is a pressing concern in many regions, making water recycling and reuse through water treatment equipment a crucial solution for minimizing overall water consumption in the power sector. Industrial processes in agriculture and other industries also require water treatment to maintain efficiency and protect the environment. By investing in power market water treatment equipment, power plants can ensure easy maintenance, improve operational efficiency, and contribute to environmental protection. Thus, such factors are driving the growth of the market during the forecast period.

Significant Market Trends

The emergence of advanced monitoring and automation is the key trend in the market. In the power industry, water treatment equipment is undergoing a significant transformation due to the integration of advanced monitoring and automation technologies. These innovations are reshaping water management practices in power plants by delivering real-time data and insights, facilitating data-driven decision-making, and enhancing operational efficiency. Sophisticated sensors and monitoring systems enable continuous monitoring of crucial water quality indicators, including pH, conductivity, turbidity, and chemical levels. Real-time data analysis provides instant feedback on treatment performance and triggers corrective actions, ensuring optimal water quality.

Furthermore, automation systems empower operators to remotely manage water treatment processes, particularly beneficial for large and geographically dispersed power plants. This centralized control enables swift responses to issues and enhances overall plant performance. The power industry's adoption of these advanced water treatment technologies is a crucial response to the growing water demand and water stress, as well as the increasing importance of water reuse, desalination, and emergency measures in municipal water treatment. Thus, such trends will shape the growth of the market during the forecast period.

Major Market Challenge

The operational complexity of water treatment is the major challenge that affects the growth of the market. The power industry's water treatment equipment marketplace is characterized by strategic initiatives aimed at ensuring clean water and compliance with stringent regulations. The operational intricacies of integrating water treatment systems into power plants necessitate careful engineering and coordination. Balancing water treatment processes with power generation requirements, regulatory compliance, and environmental considerations is a significant challenge.

Furthermore, seamless integration is crucial to prevent disruptions in power generation. Continuous monitoring of water treatment systems is essential for optimal performance, and early detection and regular maintenance are vital to prevent downtime and system failures. Wastewater emission restraints necessitate advanced treatment technologies, further increasing the operational cost for power plants. These factors underscore the importance of effective water treatment equipment management in the power industry. Hence, the above factors will impede the growth of the market during the forecast period

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

3M Co. -  The company offers a 3M Fully Automatic Water Softener.

We also have detailed analyses of the market's competitive landscape and offer information on 20 market companies, including:

3M Co., Aquatech International LLC, Black and Veatch Holding Co., Culligan International Co., Danaher Corp., Dow Chemical Co., DuPont de Nemours Inc., Ecolab Inc., Fluence Corp. Ltd., General Electric Co., Graver Technologies LLC, KURARAY Co. Ltd., Lenntech BV, Nitto Denko Corp., Nomura Micro Science Co. Ltd., Pentair Plc, SKion Water GmbH, SUEZ SA, Veolia Environnement SA, and Xylem Inc.

Technavio report provides an in-depth market growth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis. 

Market Analyst Overview

The power industry's water treatment equipment market is experiencing significant growth due to the industrialization and urbanization trends in various economies. Environmental regulations aimed at reducing environmental pollution from industrial processes and urban wastewater have driven the demand for sustainable wastewater treatment solutions. Effective wastewater management involves primary treatment to remove large solids, secondary treatment for biological purification, and ensuring that processed water meets safe water standards for reuse or discharge. The environmental impact of water pollution on public health and water quality is a major concern, particularly in developing economies. Water treatment utilities are investing in innovative treatment methods to ensure the production of clean water for drinking, agriculture, and industrial processes. The energy sector, including oil refining and gas refining, is a significant consumer of water and generates large volumes of wastewater.

Furthermore, water scarcity and the increasing demand for fresh water have led to the adoption of water reuse and desalination technologies. Stringent regulations on wastewater emission and operational costs are key restraints in the market. Decentralized wastewater treatment systems are gaining popularity due to their ability to provide clean water at a lower cost and reduce the burden on municipal water treatment plants during emergencies. The market is expected to grow significantly in both developed and emerging economies due to population growth and the need for environmental protection.

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What are the Key Data Covered in this Market Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2024 and 2028
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market's competitive landscape and detailed information about companies
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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