U.S. Water Treatment As A Service Market Size, Share & Trends Analysis Report By End Use (Residential, Commercial), By Technology (Water Softeners, Filtration Systems), By Model, By Region,- Industry Analysis, Size, Share, Growth, Trends, and Forecast 2024-2033

U.S. Water Treatment As A Service Market Size and Research

The U.S. water treatment as a service market size was exhibited at USD 68.95 million in 2023 and is projected to hit around USD 276.53 million by 2033, growing at a CAGR of 14.9% during the forecast period 2024 to 2033.

U.S. Water Treatment As A Service Market Key Takeaways:

• The commercial segment is expected to dominate the market by holding a 67.0% market share in 2023.
• The residential segment is anticipated to witness the highest growth over the forecast period
• The pay-as-you-go model dominated the market in 2023 and is anticipated to witness the highest CAGR over the forecast period.
• The filtration system segment dominated the market in 2023
• The RO system segment is anticipated to witness the second-highest CAGR over the forecast period. 

Report Scope of U.S. Water Treatment As A Service Market

The growing demand for clean water, coupled with the rising health awareness among the population, is expected to drive market growth. In addition, the surging water pollution is expected to increase the demand for water treatment as a service, as consumers seek advanced solutions to ensure the safety and quality of their water supply. This trend is driving the growth of the water treatment as a service market in the U.S.

The U.S. population has been growing at an exponential rate, putting tremendous pressure on natural resources, particularly air and water. Population growth, ongoing industrialization, and increased agricultural operations are predicted to increase the demand for water treatment systems, thereby driving the demand for water treatment as a service.

Moreover, the faulty water distribution networks are anticipated to lead to water supply contamination by the release of stormwater and untreated wastewater to consumers through the main water supply line. This is likely to contribute to the spread of various waterborne diseases and pose health risks across cities. The frequent incidence of floods in the U.S. is expected to expedite the transmission of waterborne diseases such as Rift Valley fever, leptospirosis, and malaria. These factors are projected to fuel the demand for water treatment services in the coming years.

For instance, every year, waterborne pathogens are responsible for 7,000 fatalities, 120,000 hospitalizations, 7 million illnesses, and incurred healthcare expenses amounting to USD 3 billion in the U.S., according to the Centers for Disease Control and Prevention 2022 Report. CDC has also calculated the costs that waterborne diseases have incurred for the American healthcare system, and they total approximately USD 3.33 billion and up to USD 8.77 billion as of 2023. Such a high figure highlights the increasing necessity for water treatment systems to be installed in commercial and residential sectors, driving the demand for water treatment as a service market.

U.S. Water Treatment As A Service Market By End Use Insights

The commercial segment is expected to dominate the market by holding a 67.0% market share in 2023. The water treatment requirements of malls, offices, commercial spaces, restaurants, hotels, manufacturing plants, schools, laboratories, and other organizations with high-volume consumption of high-quality water are largely met by commercial water treatment systems. Large volumes of water are treated using commercial water treatment systems at high flow rates. Water as a service allows commercial establishments to access advanced water treatment systems without the requirement for substantial initial capital investments.

The residential segment is anticipated to witness the highest growth over the forecast period, owing to surging awareness among the masses about new contaminants and the rising demand for high-quality drinking water in the country. Consumers are not only becoming highly aware of contaminants such as poly-fluoroalkyl substances (PFAS) but are also conscious about water quality, as well as waterborne diseases, such as cholera, typhoid, acute diarrhea, and viral hepatitis caused by low-quality water.

U.S. Water Treatment As A Service Market By Model Insights

The pay-as-you-go model dominated the market in 2023 and is anticipated to witness the highest CAGR over the forecast period, as it democratizes access to high-quality water treatment solutions cost-effectively. Under this model, customers are billed according to the quantity of permeated or treated water generated, with the water treatment companies assuming the responsibilities of installation and maintenance. This pioneering approach offers a range of advantages, fostering a streamlined, accessible, and economical future for water treatment.

The subscription model is anticipated to witness the second-highest CAGR over the forecast period. A subscription model for water treatment as a service involves customers paying a regular fee to access and benefit from water treatment services provided by a third-party service provider. Customers benefit from a predictable and consistent cost structure, as they pay a fixed subscription fee. This allows for budgeting and financial planning, eliminating the uncertainty associated with variable costs.

U.S. Water Treatment As A Service Market By Technology Insights

The filtration system segment dominated the market in 2023 and is anticipated to witness the highest CAGR over the forecast period, owing to its capability to remove contaminants, sediments, and impurities from water sources. These systems enhance water quality and make it suitable for various applications. Regular maintenance and replacement of filtration components create a continuous need for professional services. Furthermore, filtration systems with remote monitoring capabilities offer significant benefits by enabling real-time supervision and control of water treatment processes.

The RO system segment is anticipated to witness the second-highest CAGR over the forecast period. The RO system is a highly effective method of purifying water. It removes contaminants, ions, and particles through a semi-permeable membrane, ensuring high-quality water output. The complexity of RO systems and the need for precise maintenance create a market for water treatment services.

Country Insights

In the U.S., Florida is likely to dominate the market in 2023 due to the prevalence of water shortage in the state and growing water demand. In November 2023, the South Florida Water Management District (SFWMD) proclaimed a water shortage condition and issued temporary guidelines to protect the groundwater in Lee County, Florida. This water shortage condition is continuing amid dry conditions on the Southwest Coast. Hence, to cater to this rising demand for adequate water supply, the water treatment as a service market is expected to grow in Florida over the forecast period.

South Carolina is expected to witness the highest CAGR over the forecast period. In South Carolina, rainfall has reduced significantly below the normal levels. According to an article by the National Weather Service (NWS) in November 2023, 48 percent of South Carolina experienced moderate or worse drought conditions until mid-November. This reduction in rainfall contributed to the adoption of water recycling and water reuse measures in the residential and commercial sectors. Hence, to outsource the potable water needs, commercial facilities, and educational institutes are adopting water treatment as a service to maintain their operational efficiency.

U.S. Water Treatment As A Service Market Recent Developments

• In November 2023, Aquatech International LLC. expanded its water treatment solutions with three robust, cutting-edge membrane technologies. This initiative has helped the company diversify its market offerings. Further, these innovative technologies have helped the company deliver solutions across various water treatment applications, including potable water generation and water desalination.
  
  
• In October 2023, OriginClear's subsidiary Water On Demand and Fortune Rise Acquisition entered into a business combination agreement (BCA) to create a Nasdaq-listed company. This agreement represents a pro forma equity valuation of approximately USD 72.0 million for the combined company.

Some of the prominent players in the U.S. water treatment as a service market include:

• Seven Seas Water Group
• Waterleau
• Oneka Technologies
• Clearford Water Systems
• Quench USA, Inc.
• Chart Industries
• OriginClear
• Aquatech International LLC.
• Bawat Water Technologies AB

Segments Covered in the Report

This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Nova one advisor, Inc. has segmented the U.S. water treatment as a service market

End-Use

• Residential
• Commercial

• • Cruise Ships
  • Retail Shops
  • Hospitality
  • Office Buildings
  • Educational Institute
  • Others

Technology

• Water Softeners
• Filtration Systems
• RO Systems
• Disinfection Systems
• Others

Model

• Pay-as-you-go Model
• Subscription Model

Regional

• Florida
• Georgia
• South Carolina
• North Carolina