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The global wastewater treatment market is anticipated to record a revenue of US$ 462.49 Bn by the end of the year 2030 at a compound annual growth rate (CAGR) of 7.41% during the forecast period of 2022 to 2030. The market recorded an opportunity of more than US$ 200 Bn during 2022-2030. The study of the global wastewater treatment market provides an overview of the market growth over the forecast period highlighting industry recovery from covid – 19 impact and successive shifts in the growth trend. The report represents a detailed analysis of the global wastewater treatment market across 13 chapters, totaling 214 pages, with 38 data tables, and 79 figures.
Continuously growing population and rapid urbanization attribute to the increasing demand of wastewater treatment market across the globe. Urbanization stands out as a major contributor to surface water pollution in various countries. Due to the increasing discharge of municipal sewage and urban drainage in the catchment areas of the river, the impact on water quality is more pronounced in these areas. Moreover, ingredients in untreated elimination products or spatial elimination products such as organic substances, salinity, nutrients, suspended matter, intestinal viruses, as well as oils and fats have a direct effect on the quality of the water in river basins. In addition, the aquatic chemical composition can be influenced by human activities. Unplanned urbanization is a major reason that leads to an increase in the deployment of wastewater treatment plants. USEPA (the United States Environment Protection Agency) gave remedy of "Fit-for-purpose specifications”, necessities to convey water from a selected supply to the excellent needed, to make sure public health, environmental protection. Furthermore, the Singapore-Pilot project of Singapore NE Water for advanced treatment of sewage facilities.
The report provides a detailed and comprehensive study of the global wastewater treatment market, covering factors that influence the expansion of the wastewater treatment market across the globe such as continuously rising population and increase in demand to regulate wastewater and increased environmental initiatives by government worldwide for low waste generation. Increasing emphasis on water quality and public health drives demand regulating untreated wastewater. Increasing overcrowded spaces across different areas are the reason why wastewater treatment is gaining more focus by government bodies worldwide.
The regions analyzed and tracked in the report include North America, Europe, Asia Pacific, Middle East & Africa, and South America. As per the research study, the North America wastewater treatment market recorded a revenue generation of US$ 96.4 Bn in 2021, due to the presence of the developed industrial sector in the region and the adoption of stringent regulations towards the environment. As per the 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% during the forecast period. As the APAC region has the largest wastewater treatment market, with China being the most important market with tremendous growth potential.
Europe's wastewater treatment market accounted for US$ 77.77 Bn in 2021 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 European industry. The significant growth is attributed to various factors such as the key presence of major players and others. For instance, BASF’s wastewater treatment plant is one of the largest in Europe and the largest wastewater treatment plant on the Rhine: It purifies a volume of water that would be created by some three million people in private households. Almost 100 million m³ of production wastewater from BASF has purified here annually. The plant also purifies another 20 million m³ of wastewater from the cities of Ludwigshafen and Frankental, as well as from the Bobenheim-Roxheim municipality.
The global wastewater treatment market report provides an in-depth analysis and a 360-degree view of the global marketplace including growth opportunities related to the market during the forecast period, covering market concentration, competitors mapping, and benchmarking.
The report also provides a product price analysis of cost incurred in a decentralized wastewater treatment system, comparing various components, the required surface area, capacity, and cost involved in it.
Further, the report provides the growth trends that are expected to influence the market including the impact of COVID – 19 and its long-term effect on the global wastewater treatment market.
COVID – 19 Impact on Global Wastewater Treatment Market
The COVID-19 pandemic has wreaked havoc on practically every industry, rendering many of the tasks that were formerly taken for granted either impossible or difficult. Due to the high cost of downtime, the breakout of COVID-19 has enhanced the necessity of operational reliability. Many significant water users have scaled back or decreased their operations, resulting in lower industrial demand.
The rising adoption of water treatment procedures such as filtration and disinfection is fueling the growth of the industry. Moreover, numerous government bodies and non-profit organizations are taking various initiatives to develop awareness regarding hygiene during the pandemic.
The report provides a graphical representation of COVID-19 impact on the market, highlighting a decline in the market in late 2019. However, the market is recovering rapidly, and it is expected to grow at a CAGR of 7.41% during the forecast period.
The global wastewater treatment market report provides detailed company profiling of several companies and gives an in-depth analysis of the market.
Detailed covered in the report for key players includes business overview, key officials, strategic outlook, product list, recent developments, and company financials. The key players listed in the report are - 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
Segmentation of the Global Wastewater Treatment Market
The report includes analysis based on the following segments – Offerings, Application, and Region.
Based on application, the municipal segment dominates the market with a market share of 62.12% and is predicted to grow at a faster CAGR than industrial. As municipal wastewater plants receive a considerable industry discharge and are required to create local pretreatment strategies to control industrial discharges into their sewer system.
|Market Size Value in 2021||US$ 250.38 Bn|
|Expected Revenue in 2030||US$ 462.49 Bn|
|Unit||Value (USD Bn)|
|Segments covered||By Offerings, By Application, By Region|
|Regional Scope||North America; Europe; Asia Pacific; Middle East & Africa; South America|
|Key Companies||DuPont de Nemours, Inc., 3M Company, Inc., Pentair plc, United Utilities Group P.L.C., and 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$ 250.38Bn in the year 2021.
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 2021.
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.