Municipal Water Market Size, Share & Industry Analysis, By Type ( Municipal Drinking Water Treatment, Municipal Waste Water Treatment ), By Application ( Residential , Commercial, Industrial ) and regional Forecast, 2024-2032

A major portion of the population around the globe lives in urban areas, which are heavily dependent on the municipal supply of water. The benefit of living in a municipality is that potable water is usually available at any time by turning on the tap. Growth in the industrialization is creating an excessive need for water. Municipal drinking water may come from wells or dams, and from here, the contaminants are filtered out, and the water is pumped through pipes that run underneath the streets to end-use locations. The pipes lead to houses, fire stations, other offices, swimming pools, and many other places where water is used. Bacteria and viruses in water can spread throughout the underground reservoir of water or throughout the miles of pipelines that carry water to houses in towns and cities. If municipal water becomes contaminated, the result can be far-reaching and rapid.

Based on the type, the market is segmented as municipal drinking water treatment and municipal wastewater treatment. Municipal wastewater treatment is estimated to be the leading segment in the market as the amount of wastewater generated is in huge amounts. The wastewater treatment plants are also being looked upon as major criteria for the development of a town as it helps in sufficing water demand.

Based on the application, the market is segmented into residential, commercial, and industrial. The residential segment leads the market as it has the largest customer base, and municipal water is preferred in villages and towns for drinking and daily activities. Also, in recent times the population migrating from villages to urban cities has grown, which has increased the number of customers to be served.

The key market driver of this market is the rising demand for water in different sectors like industrial, commercial, and residential sectors. The infrastructure sector has boosted, and water supply stands as the major criterion for attracting investments. This, along with cost benefits over other water supply sources, will drive the market for municipal water in the coming years.

The key market restraint is the contamination of water that can lead to the spread of bacteria and viruses. This can lead to widespread diseases in the residential sector and contamination of the products in the industrial sectors such as agricultural, manufacturing, etc.

Key Players Covered:

Some of the major companies in the municipal water market are SUEZ Water Technologies & Solutions, Veolia Water Technologies, Pall Corporation, Aquatech, Kurita Water Industries, DowDuPont, MWH Global, Evoqua Water Techno, WesTech Engineering, RWL Water Group, Degremont Industry, and GE Water.

Regional Analysis:

The global municipal water market is studied across different regions like North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In North America, the US leads the market owing to the presence of the maximum population in the region and application of municipal water in the residential, commercial, and industrial sectors. Also, the United States Environmental Protection Agency, is working on the water and supports efforts under the Clean Water Act and Safe Drinking Water Act. The Asia Pacific region, approximately 60% of the total population, is dependent on the municipal water for their activities in the industrial, commercial, and residential sectors. Due to an increase in the number of population in countries like China and India, the need for water is also increasing day by day.

In Europe, the Europen Environment Agency (EEA), is managing both inflow and outflow of water in countries likeFrance, Germany, and Russia. On average, 144 liters of fresh water per person per day is supplied for household consumption in Europe, excluding recycled, reused, or desalinated water. In the Middle East & Africa, more than 60% of the population has little or no access to drinkable water due to the scarcity of water. The World Bank initiated an initiative to generate an improved understanding of water issues in the region and overview of available options under different scenarios of water supply and demand management with a special focus in desalination, taking into account the energy nexus and environmental concerns

Segmentation

Key Industry Developments

• In May 2020, Zimbabwe’s second-largest city, Bulawayo, has implemented new measures limiting water supply to one day per week, the most stringent measures yet to conserve dwindling resources.


• In January 2020, Pimpri Chinchwad Municipal Corporation (PCMC) in India has promised to improve the water supply system in the city and ensure that adequate water reached each house. The residents of the industrial city have been affected bitterly, last summer with the worst water crisis, as the water level in the Pavana dam sunk to a new low in the city, which further got aggravated with a delayed monsoon.