Global Wastewater Treatment Services Market Overview
Wastewater Treatment Services Market Size was valued at USD 54.3 Billion in 2022. The Wastewater Treatment Services industry is projected to grow from USD 57.9 Billion in 2023 to USD 98.1 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.80% during the forecast period (2023 - 2032). The rapid urbanisation and population growth, the strict water treatment regulations, the increasing demand for new water resources, the rising importance of public health and water quality, and the rising incidence of waterborne diseases are some of the market drivers driving the growth of the wastewater treatment services market.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Concerns about water shortages are a major factor driving the growth and demand for the water treatment industry globally. The demand for freshwater resources is rising as the world's population continues to grow, urbanize, and industrialize. Sadly, the freshwater supply is still limited and susceptible to a variety of threats, such as pollution, overuse, climate change, and poor management. As a result, water scarcity has emerged as a serious problem that affects ecosystems, businesses, and people all over the world.
Water scarcity affects many locations that face erratic or unequal rainfall distribution and endure protracted droughts, not just those that are desert. Effective water treatment and conservation are essential as regions experience extended dry spells and decreased water availability. The market for water treatment steps in at this point to offer remedies that lessen the effects of water scarcity.
Desalination has been a popular remedy in areas with acute water shortages. Through procedures like reverse osmosis or distillation, seawater or brackish water is transformed into freshwater as part of desalination. Around the world, desalination facilities are being built in coastal regions to meet the rising freshwater needs of metropolitan centers and businesses. Desalination can be an expensive and energy-intensive process, but ongoing technological developments aim to make it more affordable and sustainable, supporting the expansion of the water treatment business.
Regulation and policy frameworks are impacted by the scarcity of water. Strict guidelines must be established by governments and environmental organizations for water use, purity, and discharge. In order to comply with rules and maintain ethical water management practices, businesses and municipalities are being pressured to invest in cutting-edge wastewater treatment technologies. Due to this, the use of cutting-edge water treatment systems has increased, which has helped the market grow.
Water scarcity has significant effects on agricultural practices as well. Agriculture consumes a lot of water, thus effective irrigation systems and water-saving methods are crucial in areas with limited water supplies. Sustainable farming techniques increasingly depend on wastewater treatment technologies that can clean and recycle agricultural runoff and wastewater. Thus, driving the Wastewater Treatment Services market revenue.
The Wastewater Treatment Services Market segmentation, based on segment, includes chemicals, equipment and services. The services segment dominated the market in 2022. The need for services connected to digital transformation is being driven by the growing usage of digital technology across industries. Businesses look for help implementing and integrating cutting-edge technology like cybersecurity, big data analytics, cloud computing, and the Internet of Things (IoT) into their operations.
The Wastewater Treatment Services Market segmentation, based on application, includes municipal and industrial. The municipal category generated the most income in 2022. Municipalities are heavily influenced by the need to establish and maintain infrastructure, such as public buildings, water and wastewater systems, roads, bridges, and public transit.
Figure 1: Wastewater Treatment Services Market, by Application, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Wastewater Treatment Services Market dominated this market in 2022 (45.80%). In North America, there are several outdated wastewater treatment plants that require renovations or replacement. This gives businesses that offer wastewater treatment services a chance to gain jobs working on infrastructure upgrade projects. Further, the U.S. Wastewater Treatment Services market held the largest market share, and the Canada Wastewater Treatment Services market was the fastest growing market in the North America region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: WASTEWATER TREATMENT SERVICES MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Wastewater Treatment Services market accounts for the second-largest market share. European nations are encouraged to promote sustainable water management, which includes wastewater treatment and reuse, in accordance with the Sustainable Development Goals (SDGs) of the United Nations. Further, the German Wastewater Treatment Services market held the largest market share, and the UK Wastewater Treatment Services market was the fastest growing market in the European region
The Asia-Pacific Wastewater Treatment Services Market is expected to grow at the fastest CAGR from 2023 to 2032. Modern wastewater treatment services and technology are in greater demand as the Asia Pacific region's burgeoning economies grow. Moreover, China’s Wastewater Treatment Services market held the largest market share, and the Indian Wastewater Treatment Services market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Wastewater Treatment Services market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Wastewater Treatment Services industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Wastewater Treatment Services industry to benefit clients and increase the market sector. In recent years, the Wastewater Treatment Services industry has offered some of the most significant advantages to medicine. Major players in the Wastewater Treatment Services market, including Veolia (France), SUEZ Worldwide (France), DuPont (U.S.), 3M (U.S.), Xylem (U.S.), Kemira (Finland), Evoqua Water Technologies LLC (U.S.), Pentair PLC (U.K.), Ecolab (U.S.), American Water (U.S.), Acciona (Spain), Hydro International (U.K.), Aquatech International LLC (U.S.), Trojan Technologies (Canada), BioMicrobics Inc. (U.S.), Kurita Water Industries Ltd. (Japan), ASIO (Czech Republic) and others, are attempting to increase market demand by investing in research and development operations.
Environmental management services are offered by Veolia Environnement SA (Veolia). The business provides services for the treatment and distribution of drinking water, wastewater treatment options, waste collection, waste-to-energy processing, dismantling, and the processing of hazardous material. It provides energy solutions across the whole conversion cycle, from acquiring energy sources into an industrial site to constructing new facilities or updating older ones to reselling the electricity generated on the open market. In Europe, Asia, North America, Latin America, Africa, the Middle East, and Oceania, the corporation provides services to public agencies, local authorities, industrial and commercial service clients, and private persons. The head office of Veolia is located in Paris, Ile-de-France, France.
Manufacturer and distributor of industrial goods and services is 3M Co. The company's product line also includes advanced materials, display materials and systems, stationery and office supplies, home care, home renovation, roofing granules, closure and masking systems, and other items. Additionally, 3M provides a range of services, including medical, dental, consumer health, food safety, and health information systems. Customers from a variety of industries, including automotive, electronics, health care, safety, energy, and consumer, are served by it. Asia Pacific, Europe, the Middle East, Africa, and the Americas are all regions where the corporation has manufacturing and converting operations. The US city of St. Paul, Minnesota, is home to 3M.
March 2023: In order to provide the next generation of improved brine concentration, cutting-edge separation, and water reuse solutions, Aquatech International teamed with Fluid Technology Solutions, Inc., a cutting-edge manufacturer of specialized membranes and separation technologies.
January 2023: A definitive agreement was struck by Xylem Inc. to buy Evoqua in an all-stock transaction with an indicated enterprise value of about USD 7.5 billion. By using Evoqua's expertise in providing cutting-edge treatment systems and services and Xylem's global leadership position in water solutions, the combined company will be in a unique position to develop and provide a wider variety of cutting-edge solutions.
April 2022: Xylem announced investments in venture capital firms Burnt Island Ventures and The Wastly Group's firms to support the development of cutting-edge water and industrial products. The open innovation network of Xylem Innovation Labs and its commitment to swiftly and broadly commercializing the most important developments in water technology were expected to be strengthened by these investments.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 54.3 Billion |
| Market Size 2023 | USD 57.9 Billion |
| Market Size 2032 | USD 98.1 Billion |
| Compound Annual Growth Rate (CAGR) | 6.80% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Segment, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Veolia (France), SUEZ Worldwide (France), DuPont (U.S.), 3M (U.S.), Xylem (U.S.), Kemira (Finland), Evoqua Water Technologies LLC (U.S.), Pentair PLC (U.K.), Ecolab (U.S.), American Water (U.S.), Acciona (Spain), Hydro International (U.K.), Aquatech International LLC (U.S.), Trojan Technologies (Canada), BioMicrobics Inc. (U.S.), Kurita Water Industries Ltd. (Japan), ASIO (Czech Republic) |
| Key Market Opportunities | The market will develop as a result of strict rules on effluent treatment. |
| Key Market Dynamics | Zero liquid discharge (ZLD) initiatives. |
Frequently Asked Questions (FAQ) :
The Wastewater Treatment Services Market size was valued at USD 54.3 Billion in 2022.
The global market is projected to grow at a CAGR of 6.80% during the forecast period, 2023-2032.
North America had the largest share in the global market
The key players in the market are Veolia (France), SUEZ Worldwide (France), DuPont (U.S.), 3M (U.S.), Xylem (U.S.), Kemira (Finland), Evoqua Water Technologies LLC (U.S.), Pentair PLC (U.K.), Ecolab (U.S.), American Water (U.S.), Acciona (Spain), Hydro International (U.K.), Aquatech International LLC (U.S.), Trojan Technologies (Canada), BioMicrobics Inc. (U.S.), Kurita Water Industries Ltd. (Japan), ASIO (Czech Republic).
The services category dominated the market in 2022.
The municipal had the largest share in the global market.
Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
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