Water and Wastewater Treatment Technologies Market, by Type (Membrane Separation & Filtration, Sludge Management Technology, Activated Sludge), Application (Municipal, Residential, Industrial), and Geography - Global Forecasts to 2029

The Water and Wastewater Treatment Technologies Market is expected to reach $128.78 billion, at a CAGR of 5.4% during the forecast period 2022–2029. The growth of this market is attributed to rapidly diminishing freshwater resources and the growing need for water reclamation and reusable technologies. However, the lack of awareness of appropriate usage of water treatment techniques and the high cost of wastewater treatment technologies are hindering the growth of this market. In addition, the growing demand for energy-efficient and advanced water treatment technologies is expected to create significant growth opportunities for the players operating in this market. The aging and deterioration of existing water infrastructure is a major challenge to the growth of this market.

Impact of COVID-19 on the Water and Wastewater Treatment Technologies Market

The outbreak of the COVID-19 pandemic severely affected numerous businesses across the globe. Several government bodies imposed nationwide lockdowns to curb the spread of the disease, impacting many manufacturing and service industries, including the water and wastewater treatment technologies market.

The COVID-19 pandemic slowed down investments for installing new water and wastewater treatment plants in many micro, small, and medium-sized enterprises/businesses worldwide due to the decline in revenues and outcomes. Many large sectors using water downscaled or reduced their activities, resulting in decreased industrial demand. Due to lockdowns and travel restrictions, the decline in demand from large industrial and commercial users significantly reduced water utility revenues.

However, the increasing demand for wastewater treatment was attributed to the growing necessity for an effective approach to properly dispose of industrial wastewater. In addition, the COVID-19 pandemic resulted in the need for proper and advanced wastewater treatment in hospitals to curb the spread of the virus. As a result, decentralized wastewater treatment plants with multiple disinfection barriers in quarantine centers and isolation wards gained popularity during the pandemic. These factors are expected to impact the water and wastewater treatment market.

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Growing Need for Water Reclamation and Reuse Technologies

The growing population continues to build pressure on water resources that are already under massive strain. Thus, technologies that promote more efficient use of already available water are increasing. Further, water scarcity, energy savings, and increasingly complex industrial wastewater treatment demands push companies to implement new techniques to optimize environmental and economic performance.

Key Findings in the Water and Wastewater Treatment Technologies Market Study:

The Membrane Separation & Filtration Segment to Project the Fastest Growth in the Water and Wastewater Treatment Technologies Market

Based on type, the water and wastewater treatment technologies market is segmented into membrane separation & filtration, sludge management technology, activated sludge, activated carbon technology, clarification, chlorination, industrial demineralization, membrane bioreactor (MBR), UV and ozone, dissolved air flotation, electrochemical scale treatment systems, electrochemical water treatment technology, and other treatment technologies. The membrane separation & filtration segment is projected to grow at the fastest CAGR during the forecast period. The growth of this segment is attributed to the growing emphasis on reducing the usage of chemicals in water treatment, rising demand for low energy-consuming water treatment processes, low installation and energy costs, and easy accessibility.

The Municipal Applications Segment to project the Fastest Growth in the Water and Wastewater Treatment Technologies Market

Based on application, the water and wastewater treatment technologies market is segmented into municipal, residential, and industrial. The industrial applications segment is projected to grow at the fastest CAGR during the forecast period. The growth of this segment is attributed to the growing industrialization and urbanization, the rising focus on water quality from the industrial sector, the growing necessity for recycling and reusing water, and the increasing advancements in industrial wastewater treatment technologies.

Asia-Pacific to be the Fastest-growing Regional Market

Based on geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. During the forecast period, Asia-Pacific is expected to account for the highest CAGR due to rapid growth in population and urbanization and increased environmental deterioration.

Further, the increasing number of investments in water infrastructure by public sector organizations in developing countries such as China and India is impacting the region's favorable market growth. Additionally, the increase in the demand for water treatment technologies to provide clean and potable water is anticipated to boost the market growth in the region.

China is expected to dominate the water and wastewater treatment technologies market due to its huge population base, industrialization, and significant wastewater discharge. However, it is also expected to witness the fastest growth during the forecast period.

Key Players

The key players operating in the water and wastewater treatment technologies market are Suez S.A. (France), Veolia Environment SA. (France), Xylem Inc. (U.S.), DuPont de Nemours, Inc. (U.S.), 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), BioMicrobics, Inc. (U.S.), Calgon Carbon Corporation (U.S.), Trojan Technologies Inc. (Canada), Thermax Limited (India), WOG Group (India), SWA Water Technologies PTY LTD. (Australia), Burns & McDonnell (U.S.), Adroit Associates Private Limited (India), Sauber Environmental Solutions Pvt. Ltd. (India), and Clean TeQ Water Limited (Australia).

Scope of the Report:

Water and Wastewater Treatment Technologies Market, by Type                              

• Membrane Separation & Filtration                     
  • Reverse Osmosis (RO) Membranes
  • Ultrafiltration (UF) Membranes
  • Microfiltration (MF) Membrane
  • Nanofiltration (NF) Membranes
  • Other Filtration Technologies
• Sludge Management Technology
• Activated Sludge
• Clarification
• Gas Separation
• Electrochemical Water Treatment Technology
• Electrochemical Scale Treatment Systems        
• Activated Carbon Technology
• Chlorination
• Industrial Demineralization
• Membrane Bioreactor (MBR)
• UV And Ozone
• Dissolved Air Flotation
• Other Treatment Technologies

Water and Wastewater Treatment Technologies Market, by Application

• Municipal
• Residential
• Industrial
  • Food & Beverages
  • Pharmaceuticals & Chemicals
  • Power Generation
  • Pulp & Paper
  • Oil & Gas
  • Mining
  • Petrochemical
  • Electronics & Semiconductors
  • Other Industrial Applications

Water and Wastewater Treatment Technologies Market, by Geography

• Asia-Pacific                 
  • China
  • Japan
  • India
  • Indonesia
  • South Korea
  • Malaysia
  • Australia
  • Singapore
• North America              
  • U.S.
  • Canada
• Europe            
  • Germany
  • U.K.
  • Spain
  • Italy
  • Netherlands
  • Belgium
  • Denmark
  • Rest of Europe
• Latin America
• Middle East & Africa

Key questions answered in the report: