The North America Wastewater Treatment Service Market was worth US$ 33.10 billion in 2023 and is anticipated to reach a valuation of US$ 49.49 billion by 2029 and it is predicted to register a CAGR of 6.93% during the forecast period 2024-2029.
Market Overview:
The Journal of Environment Management published a recent study on the adsorption of textile dyes employing activated carbon and cross-linked polyvinyl phosphonic acid composites. It was found that composite obtained from activated carbon and polyelectrolyte is treating the wastewater and enhancing its quality.
With the increasing scarcity of fresh drinking water, the call for wastewater treatment equipment has escalated in industrial and municipal applications. Also, the rise in governmental concerns about the disposal of water and energy savings is creating immense growth potential for the wastewater treatment service market, especially in developed regions like North America.
Market Drivers and Restraints:
The scarcity of drinking water has resulted in the call for clean and pure water all around the world. Several of the diseases are waterborne; therefore, there is a need for clean drinking water, fueling the expansion of the wastewater treatment services market. Treatment of wastewater is one of the biggest priorities of several countries like the United States and Canada. Strict environmental policies on the discharge of waste effluents in water bodies have also resulted in the expansion of the North American market. Because of the escalated amount of water pollution, the water bodies are full of effluents and have no life. Hence governments in North American nations are taking initiatives to provide pure and clean water.
Furthermore, expansion in the pharmaceuticals, food, and beverage, and oil & gas businesses is estimated to boost the demand for water filtration equipment in this region. Government rules on the reuse and recycling of municipal and industrial wastewater are probable to fuel the call for wastewater treatment services. Moreover, the market for filtration equipment has showcased high demand due to application in residential and domestic applications. In contrast, the need for disinfection equipment is probable to rise due to its use in municipal and industrial wastewater management. The rise in sanitization, together with health consciousness among customers, is estimated to boost the call for water and wastewater treatment services market in North America in the forecast period.
Market Segmentation:
Disinfection is further segregated into chlorine, UV, and ozone and filtration includes granular, adsorption, RO, MF, UF, desalination, and others. Both segments are likely to account for an outstanding market share in the next few years.
Based on technology, tertiary water treatment is probable to have tremendous expansion opportunities due to its escalated employment in municipal sewage treatment. In addition to that, the treated effluent can be reused for urban, landscape, agricultural irrigation, industrial cooling and processing, and recreational uses.
The call for wastewater equipment has escalated in both industrial and municipal applications due to the rise in governmental concerns on the disposal of water. The industrial wastewater grades have more pH, ammonia, and high microbial count that must be treated before disposal. In addition to that, the municipal application needs water filtration equipment to process the wastewater for washing, cooling, and so on, which will drive the North American wastewater treatment services market in the future.
Market Regional Analysis:
Rising water pollution and scarcity of water are key factors driving the wastewater treatment services market in the North American region. The absence or availability of water resources also affects the reuse of water or its treatment choices of users. Declining water quality & freshwater resources and rising regulations on discharging water are pushing the expansion of the North America wastewater treatment services market. The regulations and guidelines are strict in North America as compared to other regions, which is also boosting the demand in this area.
Market Key Players:
Xylem (US) is one of the dominating companies in water technology that engages in the making and service of engineered solutions for water and wastewater applications. The company invests highly in mergers and acquisitions to grow its portfolio and regional presence across the world.
Market Key Developments:
Xylem, a dominating global water technology company dedicated to solving the most complicated water problems, has developed another breakthrough technology, which advances the wastewater segment with a smart, sustainable solution: the world's first wastewater pumping system with integrated intelligence. This new smart, interconnected wastewater pumping system from Xylem's Flygt brand senses the operating conditions of its environment, adapting its performance in real-time and offering feedback to pumping station operators.
Envirosystems launches an innovative three-phase oily water separation facility in St. John's NL recovers valuable base oils and recycles oil-based drilling mud for reuse in the business, all while making a sanitary water discharge. This facility registered to the ISO 9001:2008 standard is able to store up to five million litres of product in a self-bermed, explosion-proof, multi-use building that has a pit area and installation for centrifuge and tri-canter applications.
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