Meticulous Research®— a leading global market research company, published a research report titled “Water and Wastewater Treatment Market by Type (Water Treatment, Wastewater Treatment), Offering, Application (Municipal, Industrial), and Geography—Global Forecast to 2032.”
The water and wastewater treatment market is expected to grow at a CAGR of 5.4% by value from 2022 to reach $956.48 billion by 2032. The growth of the water and wastewater treatment market is driven by factors, such as the rapid population growth and urbanization, stringent water treatment regulations, the rising need for new water resources, the growing emphasis on water quality and public health, and the increasing prevalence of waterborne diseases.
Furthermore, the growing demand for energy-efficient and advanced water treatment technologies is expected to provide significant growth opportunities for water and wastewater treatment system providers in the coming years. However, the high installation, maintenance, and operational costs are expected to hinder the growth of this market to a notable extent. The aging existing water infrastructure is also one of the major challenges for the growth of the water and wastewater treatment market.
The market is segmented based on type, offering, application, and geography. The study also evaluates industry competitors and analyzes the market at the country level.
Based on type, the water and wastewater treatment market is segmented into water treatment and wastewater treatment. In 2022, the wastewater treatment segment is expected to account for the largest share of the water and wastewater treatment market. The large market share of this segment is attributed to growing industrialization & urbanization, the rising focus on water quality from the industrial sector, depletion of freshwater resources, the increasing necessity for recycling and reusing water, and the growing focus on industrial wastewater treatments.
Based on offering, the water and wastewater treatment market is segmented into treatment technologies, treatment chemicals, process control & automation, design, engineering, and construction services, and operation & maintenance services. In 2022, the operation & maintenance services segment is expected to account for the largest share of the water and wastewater treatment market. The large market share of this segment is attributed to the growing complexities of water and wastewater treatment facilities, the increasing need for operational excellence, the rising number of investments in maintenance operations, the increasing adoption of innovative & advanced solutions, stringent regulatory requirements, and the growing focus on achieving cost & energy-saving benefits.
Based on application, the water and wastewater treatment market is segmented into municipal and industrial. In 2022, the municipal segment is expected to account for the largest share of the water and wastewater treatment market. The large market share of this segment is attributed to the growing focus on improved water quality & public health, the increasing number of water treatment projects, especially in Asian countries, and the aging infrastructure in developed countries. In addition, the increasing environmental concerns and the rising number of stringent regulations and legislations regarding wastewater drives the growth of this segment.
Based on geography, the market is segmented into five major regions: Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. In 2022, Asia-Pacific is expected to account for the largest share of the water and wastewater treatment market. The high market growth in Asia-Pacific is driven by the rapid population growth and urbanization, the rising demand for the advanced treatment of residential water, advances in membrane technology, environmental deterioration, limited availability of water resources, and increasing investments in water infrastructure by the public sector organizations.
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The key players operating in the water and wastewater treatment market are Suez Environnement S.A. (France), Veolia Environnement SA. (France), Xylem, Inc. (U.S.), DuPont de Nemours, Inc. (U.S.), 3M Company, Inc. (U.S.), Pentair plc (U.K.), United Utilities Group PLC (U.K.), Kingspan Group Plc (U.K.), The Dow Chemical Company (U.S.), BASF SE (Germany), Kurita Water Industries Ltd. (Japan), Bio-Microbics, Inc. (U.S.), Calgon Carbon Corporation (U.S.), Trojan Technologies Inc. (Canada), Kemira Oyj (Finland), Thermax Limited (India), Wog Technologies (India), Golder Associates, Inc. (Canada), SWA Water Technologies PTY LTD. (Australia), Burns & McDonnell (U.S.), Adroit Associates Private Limited (India), Sauber Environmental Solutions Pvt. Ltd. (India), SPEC Limited (India), Ecolab, Inc. (U.S.), GFL Environmental Inc. (U.S.), and Clean TeQ Water Limited (Australia).
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