Market Scenario
Global wastewater treatment market is anticipated to record a revenue of US$ 496.76 Bn by the end of year 2031 from US$ 261.12 Bn in 2022, at a compound annual growth rate (CAGR) of 7.41% during the forecast period of 2023 to 2031.
The global wastewater treatment market is witnessing significant growth due to the continuously growing population and rapid urbanization. Urbanization has emerged as a significant contributor to surface water pollution in various countries, with increasing discharge of municipal sewage and urban drainage impacting water quality in catchment areas. The ingredients in untreated elimination products or spatial elimination products, including organic substances, salinity, nutrients, suspended matter, intestinal viruses, oils, and fats, have a direct effect on the quality of the water in river basins, and human activities can further influence aquatic chemical composition.
Unplanned urbanization has become a major driver of growth in the deployment of wastewater treatment plants globally. The United States Environmental Protection Agency (USEPA) has emphasized the importance of "Fit-for-purpose specifications," which require conveying water from a selected supply to the required quality level to ensure public health and environmental protection. Furthermore, Singapore's NE Water has launched a pilot project for advanced treatment of sewage facilities, which showcases the growing importance of advanced treatment technologies in wastewater treatment.
The wastewater treatment market is expected to grow significantly in the coming years, driven by rising water scarcity and pollution concerns, increasing government regulations, and the need for sustainable water management practices. Key players in the market are investing in research and development of advanced treatment technologies to meet the growing demand for efficient wastewater management solutions. The Asia Pacific and European regions are expected to be major contributors to this growth, with China, Germany, and the US being the most important markets.
Market Dynamics
Drivers
Increasing Water Scarcity and Pollution Concerns
The world's population is expected to grow from 7.9 billion in 2021 to over 9 billion by 2050, which is projected to lead to increased water demand and water scarcity. At the same time, industrialization and urbanization have contributed to an increase in water pollution, leading to the degradation of water quality and ecosystem health in the wastewater treatment market. The need to address water scarcity and pollution concerns has resulted in the growing demand for wastewater treatment services globally. Governments and organizations are investing in the development of advanced treatment technologies and infrastructure to improve wastewater treatment and reduce pollution.
Stringent Government Regulations Regarding Waste Water Treatment to Drive Market Growth
Government regulations are a key driver of growth in the global wastewater treatment market. Governments worldwide are enacting stricter regulations regarding wastewater treatment and discharge to protect public health and the environment. These regulations mandate the use of advanced treatment technologies, impose stringent discharge standards, and require regular monitoring and reporting of wastewater quality. For instance, the European Union's Water Framework Directive (WFD) sets standards for water quality and aims to ensure sustainable water management practices. Similarly, the US Environmental Protection Agency (EPA) regulates the discharge of pollutants into US waters under the Clean Water Act (CWA).
Restrain
Lack of Awareness and Knowledge about Wastewater Treatment
The lack of awareness and knowledge about wastewater treatment is a significant restraint on the growth of the market. Many people, particularly in developing countries, do not understand the importance of wastewater treatment or the potential negative impacts of poor wastewater management on public health and the environment. This lack of awareness and understanding can lead to inadequate investment in wastewater treatment market infrastructure and insufficient regulatory measures to ensure wastewater quality. The lack of knowledge and awareness can also affect the adoption of advanced treatment technologies, as organizations and governments may not understand the benefits of these technologies or how to implement them effectively.
Segmental Analysis
By Offerings:
Based on offerings, the wastewater treatment market can be segmented into equipment, chemicals, and services. Among these, technologies are expected to dominate the market with more than 65% market share. The growing demand for advanced treatment technologies, such as membrane bioreactors, reverse osmosis, and ultraviolet disinfection, is driving the growth of this segment. Advanced treatment technologies are capable of removing contaminants, including pathogens and chemicals, from wastewater, making it safe for reuse or discharge into the environment. Equipment and chemicals segments are also expected to witness significant growth, driven by the increasing demand for treatment equipment and chemicals required for wastewater treatment.
By Application:
Based on application, the wastewater treatment market can be segmented into municipal and industrial. The municipal segment is expected to dominate the market with over 62% revenue share. The growing population, urbanization, and industrialization have led to a significant increase in municipal wastewater generation globally. Governments and organizations are investing in the development of wastewater treatment infrastructure to address the issue of water pollution and ensure sustainable water management. According to the World Bank, around 80% of the world's wastewater is discharged into the environment without being treated, leading to water pollution and other environmental and health hazards. As a result, governments and organizations across the globe are ramping up their efforts to develop and upgrade wastewater treatment infrastructure.
Regional Analysis
The Asia Pacific wastewater treatment market is predicted to be the fastest-growing marketplace throughout the forecast period, with a recorded CAGR of 8.62%. The region has the largest wastewater treatment market globally, with China being the most significant market with tremendous growth potential. China is the largest contributor to wastewater generation in the Asia Pacific region, owing to its rapidly growing population, urbanization, and industrialization. The Chinese government has implemented various measures to address the issue of water pollution, including investment in wastewater treatment infrastructure, strengthening regulations, and promoting the use of advanced treatment technologies.
The European wastewater treatment market accounted for US$ 81.12 billion in 2022 and is anticipated to grow at a CAGR of 7.43% during the forecast period. Germany, France, and the UK are among the largest marketplaces in the Europe industry. The significant growth is attributed to various factors such as key presence of major players, stringent regulations, and the need for sustainable water management practices. For instance, BASF's wastewater treatment plant in Ludwigshafen, Germany, is one of the largest in Europe and the largest wastewater treatment plant on the Rhine. The facility is equipped with advanced technologies, including activated sludge and ultrafiltration, to purify a volume of water equivalent to that generated by around three million people in private households.
The North American wastewater treatment market is also expected to grow significantly during the forecast period, driven by factors such as increasing water scarcity, rising environmental concerns, and stringent government regulations. The US is the largest market for wastewater treatment services in North America, owing to its growing population, aging infrastructure, and high levels of industrial activity.
List of Key Companies Profiled:
Segmentation of the Global Wastewater Treatment Market
By Offerings
By Application
Region
Report Attribute | Details |
---|---|
Market Size Value in 2022 | US$ 261.12 Bn |
Expected Revenue in 2031 | US$ 496.76 Bn |
Historic Data | 2018-2021 |
Base Year | 2022 |
Forecast Period | 2023-2031 |
Unit | Value (USD Bn) |
CAGR | 7.14% |
Segments covered | By Offerings, By Application, By Region |
Key Companies | Suez Environnement S.A., Xylem, Inc., DuPont de Nemours, Inc., Evoqua Water Technologies Corporation, 3M Company, Inc., Pentair plc, United Utilities Group P.L.C., Kingspan Water & Energy, The Dow Chemical Company, Kemira Oyj, Calgon Carbon Corporation, Kurita Water Industries Ltd., Bio-Microbics, Inc., Trojan Technologies Inc., Aquatech International Corporation, ASIO, spol. s r.o., Orenco Systems, Inc., Scinor Water America, L.L.C., Elgressy Engineering Services Ltd., Outotec Oyj, BASF SE, Blue Eden CleanTech Solutions Inc., Other Prominent Players |
Customization Scope | Get your customized report as per your preference. Ask for customization |
Membrane filtration systems, automatic variable filtration (AVF), advanced oxidation processes (AOP), and UV irradiation are some of the technologies used in wastewater treatment plants.
Wastewater treatment plants are used in Municipal and Industries.
The global wastewater treatment market generated a revenue of US$ 261.12 Bn in the year 2022.
The wastewater treatment market is segmented on the basis of offerings (13 sub-segments), application (2 sub-segments), and regions.
BASF, DoW Chemical Company, 3M Corp, DuPont, and Suez are some of the key players in the global wastewater treatment market.
Increased environmental initiatives by government worldwide for low waste generation and continuously rising population and urbanization increase demand to regulate wastewater.
Water discharge fee, chemical fee, staff cost, electric fee, sludge transportation and disposal, and administration cost are some major charges involved in wastewater plant.
High installation, equipment and operations costs and aging Infrastructure in developed countries are some of the challenges faced by wastewater treatment market.
North America holds the highest market share of 38% in 2022.
The US holds the highest market share in the North America wastewater treatment market.
As per the report, Asia Pacific wastewater treatment market is predicted to be the fastest-growing wastewater treatment market throughout the forecast period.