Ultrapure Water Market: By Equipment, (Filtration, Consumables/ Aftermarket, Others), Application (Washing Fluid, Process Feed), Technology (Reverse Osmosis, Ion Exchange, Ultrafiltration, Tank Vent filtration, Resin Trap filtration, Degasification, Electrode Ionization and Others), Treatment Process (Pre-Treatment, Roughening and Polishing), End-User Industry (Semiconductor, Power, Pharmaceutical), and Geography

Ultrapure Water Market was valued at USD 8,217.3 million in 2022 and is poised to grow at a CAGR of 8.3% over 2023-2029. Ultapure water refers to high-purity water that has been combined water purification component technologies to get river water or water for industrial usage as close to pure H2O as feasible. In addition to solids and salts, the water is further processed to an extremely high level of purity by eliminating any dissolved gases. The increasing adoption of sustainable practices to reduce their environmental impact by various companies drives the ultrapure water market. Ultrapure water systems can contribute to water conservation and water waste reduction, making them a desirable alternative for companies looking for environmentally responsible solutions. The expansion of new sectors like nanotechnology, 3D printing, and advanced materials, has led to increased demand for ultrapure water for delicate and precise procedures that provide opportunities for the development of ultrapure water market. Furthermore, Point-of-use ultrapure water systems in the home and small-scale businesses are popular in the market. However, the limited access to water resources along with water scarcity in many countries hinders the growth of the market. However, the increasingly using ultrapure water for high-precision manufacturing processes, research & and development, quality control, and increased investments by key players is anticipated to fuel the market during forecasted years.

Ultrapure Water Market Key Developments:

• In January 2023, Xylem Inc., acquired Evoqua Water Technologies Corp. in a $7.5 billion all-stock deal, extending its lead as the largest pure-play water company.
• In December 2019, Culligan, the innovative brand in consumer-focused and sustainable water solutions and services acquired AquaVenture Holdings Limited a leading multinational developer and provider of sustainable Water-as-a-Service solutions in an all-cash transaction valued at approximately $1.1 billion, including AquaVenture’s net debt.
• In July 2022, Ovivo Inc. (“Ovivo”), a global provider of water and wastewater treatment equipment, technology and systems, acquired Wastech Controls & Engineering, LLC (“Wastech”).
• In September 2022, Ovivo Inc., and the One Drop™ Foundation partnered to strengthen networks and collaboration globally, regionally, and nationally to build resilient water, sanitation and hygiene systems together