Wastewater Treatment Service Market

Wastewater Treatment Service Market Size (2024-2029):

The Global Wastewater Treatment Service Market was worth US$ 96.72 billion in 2023 and is anticipated to reach a valuation of US$ 149.44 billion by 2029 and it is predicted to register a CAGR of 7.52% during the forecast period 2024-2029.

Market Overview:

The demand for wastewater treatment equipment has increased dramatically over the years. Various industries, such as food and beverage, chemicals, pharmaceuticals, pulp and paper, energy, metals and mining, semiconductors, textiles, and oil and gas, require the use of clean water and thus elevate the market growth during the forecast period. The factors contributing to the growth of the market are strict government regulations on emissions and increased urbanization. The global wastewater treatment services market is expected to witness opportunities during the forecast period, owing to increasing operation and maintenance possibilities and growth in emerging economies. Growing population, technological developments, rapid urbanization, and growing infrastructure have increased the growth of this equipment in emerging markets. Wastewater treatment involves the removal of particles, colloids, and macromolecules with the help of membrane separation products so that the wastewater can be disinfected.

The membrane separation equipment uses economically viable and environmentally friendly processing technologies. These membranes are prepared from synthetic organic polymers or inorganic materials such as ceramics and metals. Among all applications, the municipality is considered to have the largest market share during the forecast period. The Industrial Wastewater Treatment Service Market has been examined with respect to 5 regions, namely, North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia-Pacific is estimated to be the largest market from 2022 - 2027 due to an increase in rapid urbanization and awareness of water quality. Sewage treatment equipment is widely used to obtain clean water, which can be used for all kinds of municipal and industrial activities. Wastewater is treated using treatment equipment to remove harmful chemicals to avoid contamination of water resources. There is an increase in the use of efficient wastewater treatment equipment due to the increase in global water stress associated with the disposal of industrial wastewater in aquatic ecosystems, which has led to an increase in water harvesting needs.

Market Drivers & Restraints:

An increase in the dysfunction of the human body has led to the demand for clean and pure water all around the globe. Many of the diseases are waterborne hence there is a requirement of clean drinking water, thereby boosting the market growth.  Treatment of wastewater is one of the biggest priorities of many countries such in the Asia Pacific, Middle East & Africa, & Latin America. Strict environmental policies on the discharge of waste effluents in water bodies have also led to growth in this market. Due to an increased amount of water pollution, the water bodies are full of effluents & no life, therefore governments in many economies are taking the initiative to provide pure and clean water.

Lack of awareness about the market technologies & light actions from the authorities in many regions such as in Latin America, the Middle East & Africa, & some regions of Asia Pacific are some of the factors responsible for the lack of growth in the market.

WASTEWATER TREATMENT SERVICE MARKET REPORT COVERAGE:

Market Segmentation:

Wastewater Treatment Service Market - By Type:

• Design & Engineering consultation
• Building & Installation
• Operation & Process control
• Maintenance & Repair

Wastewater Treatment Service Market - By End User:

• Industrial
• Municipal

Wastewater Treatment Service Market - By Region:

• North America
• Latin America
• Europe
• Middle East & Africa
•  Asia Pacific

Asia Pacific is the largest market due to an increase in rapid urbanization & awareness regarding water quality. The growth in North America & Europe is expected to be stagnant. China has the biggest market for ultrafiltration followed by India & Japan.

Market Key Players:

1. Veolia Water Technologies (France)
2. SUEZ (France)
3. Xylem (United States of America)
4. Hyflux (Singapore)
5. Evoqua Water Technologies (United States of America)
6. Thermax (India)
7. Ecolab (India)
8. W.O.G. Group (United States of America)

Market Recent Developments:

• A recent journal was published by the Journal of Environment Management on the adsorption of textile dyes using activated carbon & cross-linked polyvinyl phosphonic acid composites. It was found that a composite obtained from activated carbon & polyelectrolyte is a good adsorbent material. The composite was successful in treating the wastewater & improving its quality.

• Department of Chemistry, Isfahan University of Technology, Islamic Republic of Iran carried out a study on selective & sensitive detection of residual hazardous textile dyes in wastewater using the voltammetric sensor. An electrochemical sensor based on RuO2/reduced graphene oxide/carboxylated multiwalled carbon nanotubes (RuO2/rGO/CMWCNTs) modified glassy carbon electrode was developed for simultaneous determination of acid blue 40 (AB 40) and acid blue 29 (AB 29).

• A recent study was conducted by the Department of Chemical Engineering, National Taiwan University, and Taipei on the fouling membrane during the treatment of water & wastewater. Membrane fouling is one of the most important factors that inhibit the membrane process performance in long-term operation. The study was conducted to study novel fouling, its characterization & control.