In terms of value, the wastewater treatment services market is estimated to grow from USD 55.9 billion in 2022 to USD 80.4 billion by 2028, at a CAGR of 6.3%. Initially, the government authorities managed the wastewater treatment industry. During the evolution of this industry, new technologies were developed by wastewater treatment companies operating in the private sector as the number of challenges had gone up with an increase in population and industrialization in the developed and developing countries. Access to modern technologies for wastewater management is crucial for the economic development of emerging countries such as India, Indonesia, Malaysia, and South Africa. Privatization of wastewater management is increasing in developing countries, which is likely to result in the high growth of the wastewater treatment services market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=38039841
The global wastewater treatment services market is segmented based on service type into design & consulting, building & installation, operation & control, maintenance & repair, and others. The municipal segment accounted for the larger share in terms of value, of the global wastewater treatment services market in 2022. Municipal and industrial wastewater usually has high toxicity, which is harmful to the environment. In developing countries, wastewater is often discharged into the natural ecosystem without treatment due to the cost factor. Most developed nations employ wastewater treatment plants using physical, biological, and chemical methods to clean the wastewater and reuse it.
Based on end-user industry, the wastewater treatment services market is segmented as into municipal and industrial. The industrial segment is further segmented into chemical & pharma; oil & gas; power generation; metal & mining; food, pulp & paper; and others. Industrial wastewater treatment service comprises services that enable treatment of water generated from industrial processes. This water contains numerous dissolved salts such as iron, phosphorous, calcium, and sulfur. Its high toxicity levels make the water non-potable and harmful for human consumption. The industries primarily contributing to the generation of wastewater are textile, oil & gas, pharmaceutical, mining, chemical production, and cement manufacture. With stringent norms being laid down by the governments of several nations, the treatment of industrial wastewater is seen as a key practice globally.
Based on region, Asia Pacific is expected to be the fastest-growing and largest region in the wastewater treatment services market, in terms of value, during the forecast period. This dominance is due to the high demand for wastewater treatment services from developing countries, such as India, China, Indonesia, and Thailand. Asia Pacificis the most attractive market for wastewater treatment services, owing to the increasing population and industrialization in the region.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=38039841
The key players profiled in the report include Veolia Group (France), Suez SA(France), Xylem Inc. (US), Evoqua Water Technologies (US), Thermax Limited (India), and Ecolab (US) are the leading providers of wastewater treatment services globally. These companies have reliable manufacturing facilities as well as strong distribution networks across key regions, such as North America, Europe, and Asia Pacific. They have an established portfolio of reputable products and services, a robust market presence, and strong business strategies. Furthermore, these companies have a significant market share, services with wider end-users, broader geographical use cases, and a larger service footprint.
Read Our Trending Press Release Below:
Carbon Fiber Applications
Electronic Chemicals and Materials Market
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Media ContactCompany Name: MarketsandMarkets™ Research Private Ltd.Contact Person: Mr. Aashish MehraEmail: Send EmailPhone: 18886006441Address:630 Dundee Road Suite 430City: NorthbrookState: IL 60062Country: United StatesWebsite: https://www.marketsandmarkets.com/Market-Reports/wastewater-treatment-service-market-38039841.html
