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Global Water and Wastewater Treatment Equipment Market: Industry The global water and wastewater treatment equipment market was valued at US$ 30775.89 Mn. in 2020, and it is expected to reach US$ 50463.26 Mn. by 2027 with a CAGR of 7.32% during the forecast period. Wastewater treatment is the process of removing impurities from wastewater and converting it into an effluent that may be recycled back into the water cycle. During the forecast period, the water and wastewater treatment equipment market is expected to grow thanks to the surging demand for water and wastewater treatment equipment in municipal and industrial applications.