Water and Wastewater Treatment Market Size, Share, and Industry Analysis
The global water and wastewater treatment market was valued at USD 323.32 billion in 2023 and is expected to grow to USD 617.81 billion by 2032, with a CAGR of 7.5%. North America led the market in 2023, holding a 38.67% share. Water treatment is essential to meet the increasing demand for clean water in municipal, agricultural, and industrial sectors. Currently, over 40% of the global population lives in areas with severe water stress. With only about 1% of the Earth’s water being freshwater, countries facing water scarcity must convert seawater to freshwater through desalination.