Water and Wastewater Treatment Market
The global water and wastewater treatment market is expected to reach at a value of US$ 526.7 Bn by 2028 with a significant CAGR of 7.0%
Meridian Market Consultants (MMC) has published a new report titled, “Water and Wastewater Treatment Market: Opportunity Analysis and Future Assessment 2020-2028”
Global Water and Wastewater Treatment Market, By Product and Service (Service, Delivery Equipment, Treatment Chemicals, Instrumentation), By Type (Membrane Separation, Activated Sludge, Clarification, Sludge Thickening and Dewatering, Wastewater Pre-Treatment, Chlorination, Industrial Demineralization, Sludge Drying, Membrane Bioreactor (MBR), Sludge Digestion, Electrochemical Water Treatment (EEC/EEO), Electrochemical Scale Treatment System (E.S.T), Other Treatments/Technologies), By Application (Municipal, Industrial), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
The global water and wastewater treatment market is estimated to reach at a value of US$ 306.5 Bn by the end of 2020 and expected to reach at a value of US$ 526.7 Bn by 2028 with a significant CAGR of 7.0%.
According to the United Nations report, around 80% of wastewater is sent back into the environment without being treated appropriately or reused, across the world, thereby contributing to a situation where nearly 1.8 billion people take in use a source of drinking water which is contaminated with harmful pollutants and faeces, which puts them at risk of contracting chronic illnesses, including typhoid, cholera, polio and dysentery. Wastewater, basically, can be defined as the water which has been used, including rainwater, drainage, and water used in agricultural and industrial sources.
As the population, worldwide, is rising exponentially, the need for better water quality is also surging as it holds a great role for human health, economic and social development, and the entire ecosystem. Owing to which, the global water and wastewater treatment market is projected to grow rapidly in the near future.
However, as the population is rising expeditiously, it is also necessary to ensure there is sufficient and safe freshwater resources available and used water is treated well before releasing it back in the environment, which further supports the implementation of wastewater treatment facilities across the world. Therefore, the global water and wastewater treatment market is further estimated to escalate higher in the forthcoming future.
In addition to that, the increasing urbanization along with soaring awareness among population regarding personal health and need of good water quality for better health is also propelling the rapid deployment of appropriate wastewater treatment systems and facilities across different regions of the world, thereby expected to give major breakthroughs to the growth of the global water and wastewater treatment market in the years to come.
However, the sudden outbreak of COVID-19 slowed down the investments in the water sector, which might hold back the growth of the global water and wastewater treatment market to the limits in the coming years. Nevertheless, the stringent regulations by governments across the world for proper treatment of wastewater in order to reduce water-borne diseases among the population is further expected to contribute to the rapid growth of the global water and wastewater treatment market over the forecast period.
MMC Study identifies some of the key participating players in the water and wastewater treatment market globally are Suez Environnement S.A., Veolia Environnement SA, Xylem, Inc., DuPont de Nemours, Inc., Evoqua Water Technologies Corporation, 3M Company, Inc., Pentair plc, United Utilities Group P.L.C., Kingspan Water & Energy, The Dow Chemical Company, Kemira Oyj, BASF SE, Calgon Carbon Corporation, Kurita Water Industries Ltd., Bio-Microbics, Inc., Trojan Technologies Inc., Aquatech International Corporation, ASIO, spol. s r.o., Orenco Systems, Inc., Scinor Water America, L.L.C., Elgressy Engineering Services Ltd., Outotec Oyj, and Blue Eden CleanTech Solutions Inc., among others.
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