Wastewater Treatment Market – Trends Forecast Till 2030

Market Snapshot

Market Overview

The global Wastewater Treatment market size was estimated at USD 313.1 billion in 2023 and is projected to reach USD 493 billion in 2030 at a CAGR of 13.1% during the forecast period 2023-2030.

Wastewater treatment is an imperative measure required to satisfy the escalating demand for pure water resources. This demand is not restricted to municipal and agricultural purposes but extends to crucial industrial processes as well. Presently, more than 40% of the global population inhabits areas that suffer from severe water scarcity. Due to the fact that only about 1% of the water available on earth is fresh, countries encountering acute water shortage have been compelled to undertake treatment procedures aimed at converting seawater into freshwater through the desalination process.

The growth of the global Wastewater Treatment market is mainly driven by the escalation of competition which has stimulated crucial market players to enhance their water and wastewater treatment service networks. Major global enterprises are engaging in acquisition deals with regional counterparts to attain a formidable competitive advantage. An illustration of this is the announcement made by SUEZ in January 2022 regarding the acquisition of Sentinel Monitoring Systems, an Arizona-based company that specializes in real-time microbial monitoring. The purpose of the acquisition was to expand the range of analytical instruments and capitalize on the existing and potential market prospects for microbial monitoring.

On the other hand, lack of required techno-commercial awareness may hamper the market growth to some extent.

The COVID-19 pandemic has resulted in a deceleration of investments in the water industry with very few exceptions. Despite this, the pandemic has also highlighted the importance of operational reliability as a means of overcoming the costs associated with disruptions. The market has been severely impacted by the decline in demand for water and wastewater treatment utilities from large industrial and commercial users caused by lockdowns and travel restrictions, thereby significantly affecting the revenue margins of companies operating in the sector.

Delvens Industry Expert's Standpoint

The pandemic had a considerable impact on businesses globally, with nations like India and China bearing the brunt of the virus's outbreak. The market expansion of chemicals used in wastewater treatment is being driven by a significant factor, namely the growing concern about the depletion of freshwater resources. Governments worldwide are taking action to prevent and resolve such issues, and to improve the reusability of wastewater in the process. This is being achieved through the implementation of stringent laws and regulations, as well as through the enhancement of municipal water infrastructure in both urban and rural areas. Consequently, the demand for water and wastewater treatment chemicals is expected to increase during the forecast period, owing to the advancements in industrial and domestic/municipal water treatment. Rapid industrialization is also contributing to the rise in groundwater pollution, particularly in developing countries. As a result, numerous governments are implementing programs to use wastewater effectively, which is predicted to lead to an increase in demand for chemicals used in wastewater treatment. These factors have led to the expansion of the market and increased demand for Wastewater Treatment solutions.

Market Portfolio

Key Findings

• The Equipment segment is further fragmented into Membrane Separation, Biological, Disinfection, Sludge Treatment and Others. The membrane separation segment is expected to account for a larger market size during the forecast period. Membrane separation constitutes a physical technique employed in the removal of specific solution components by exerting high-pressure feed water through a semi-permeable membrane. In comparison to alternative methods, membrane separation surpasses them in several ways, such as occupying limited operational space and delivering exceptional filtration efficiency. Subsequent to the initial procedure, the residual pollutants are conventionally eliminated utilizing a secondary approach referred to as biological treatment. The industry and municipal sectors are subject to stringent regulations aimed at employing eco-friendly techniques to minimize water pollution.

• The Process segment is further bifurcated into Primary, Secondary and Tertiary. The tertiary treatment is the largest market during the forecast period. Prior to discharge into the environment or reuse, the quality of effluent is enhanced through the implementation of tertiary treatment. This approach effectively eradicates inorganic chemicals, viruses, microorganisms, and parasites that may persist following previous treatment processes, thereby rendering the water suitable for reuse. The initial treatment method is employed to eliminate heavy sediments and floating debris from the effluent. By subjecting the wastewater to a series of tanks and filters, water and contaminants are effectively segregated.

• The Application segment is further bifurcated into Municipal and Industrial. Municipal applications to account for a larger market size during the forecast period. The demand for municipal products is anticipated to rise, particularly in emerging economies like China, India, and Brazil. This is due to an increase in the urban population and favorable government policies that support infrastructure development. By removing nutrients, pathogens, and Effluent Organic Matter (EfOM) from wastewater, municipal wastewater treatment plants primarily serve to safeguard water resources and natural aquatic systems.
   
• The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America is estimated to account for the largest market share during the forecast period. This is attributable to the heavy demand for treated water from the beverages and pharmaceutical industries in the U.S.

Regional Analysis

North America to Dominate the Market

• North America is estimated to account for the largest market share during the forecast period. This is attributable to the heavy demand for treated water from the beverages and pharmaceutical industries in the U.S.
   
• Moreover, the demand for higher power generation to support the growth of industries in the region has boosted the demand for demineralized water, which has further accelerated the market growth.

Competitive Landscape

• 3M Company, Inc.
• Adroit Associates Private Limited
• Aquatech International LLC
• BASF SE
• Bio-Microbics, Inc.
• Burns & McDonnell
• Calgon Carbon Corporation
• Clean TeQ Water Limited
• DuPont
• Evoqua Water Technologies LLC
• GFL Environmental Inc.
• Golder Associates, Inc.
• Hindustan Dorr-Oliver Ltd
• Hitachi,Ltd
• Kemira Oyj
• Kingspan Group Plc
• Kurita Water Industries Ltd.
• Mott MacDonald
• Pentair plc
• Sauber Environmental Solutions Pvt. Ltd.
• Schlumberger Limited
• Siemens Water Solutions
• SPEC Limited (India), Ecolab, Inc.
• Suez Environnement S.A.
• SWA Water Technologies PTY LTD.
• The Dow Chemical Company
• Thermax Limited
• Trojan Technologies Inc.
• United Utilities Group PLC
• VA TECH WABAG LIMITED
• Veolia Environnement SA.
• Wog Technologies
• Xylem, Inc.

Recent Developments

• In April 2023, Veolia has been awarded the contract for the operation and maintenance of Turkey's first waste-to-energy plant, the largest in Europe, in Istanbul.
   
• In January 2023, Xylem Inc. signed an agreement under which it acquired Evoqua, a leader in water treatment solutions and services, in an all-stock transaction.

Reasons to Acquire

• Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
   
• Gain authentic and granular data access for the Wastewater Treatment Market to understand the trends and the factors involved in changing market situations.
   
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
   
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.

Report Scope