Pune, India, Aug. 17, 2022 (GLOBE NEWSWIRE) -- The global water and wastewater treatment market size was USD 281.75 billion in 2021. The market is projected to grow from USD 301.77 billion in 2022 to USD 489.07 billion in 2029 at a CAGR of 7.1% during the 2022-2029 period. This information is presented by Fortune Business Insights, in its report, titled, "Water and Wastewater Treatment Market, 2022-2029."
Surging competitiveness has resulted in the prime companies to augment their service network. Global firms are intentionally purchasing local companies to maintain their dominance in the global market.
COVID-19 Impacts:
Trimming of Industrial Events during Pandemic Unfavorably Affected Market
With fewer exclusions, the COVID-19 outbreak is estimated to slow down capitalizations in the water and wastewater treatment industry. Nevertheless, it has also amplified the prominence of functional dependency to overcome the price of interruption. A deterioration in demand for water treatment utilities from huge industrial and commercial operators instigated by lockdowns and travel constraints has significantly obstructed the revenue potential for the corporations functioning in the market.
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List of Key Players Mentioned in the Water and Wastewater Treatment Market Report:
- Veolia (France)
- SUEZ Worldwide (France)
- DuPont (U.S.)
- 3M (U.S.)
- Xylem (U.S.)
- Kemira (Finland)
- Evoqua Water Technologies LLC (U.S.)
- Pentair PLC (U.K.)
- Ecolab (U.S.)
- American Water (U.S.)
- Acciona (Spain)
- Hydro International (U.K.)
- Aquatech International LLC (U.S.)
- Trojan Technologies (Canada)
- BioMicrobics Inc. (U.S.)
- Kurita Water Industries Ltd. (Japan)
- ASIO (Czech Republic)
Report Scope & Segmentation:
| Report Coverage | Details |
| Forecast Period | 2022-2029 |
| Forecast CAGR | 7.1% |
| 2029 Value Projection | USD 489.07 Billion |
| Base Year | 2021 |
| water and wastewater treatment market Size in 2021 | USD 281.75 billion |
| Historical Data | 2018-2020 |
| No. of Pages | 190 |
| Segments Covered | Type, End-user and Regional |
| water and wastewater treatment market Growth Drivers | With technological advancement in production processes, the quantity of wastewater generated has multiplied sharply in the recent past. |
| North America to Lead Stoked by Augmented Demand for Clean and Treated Water |
Report Coverage:
The report offers treasured perceptions attained by detailed review done by our analysts. An all-encompassing research was directed to offer the assessed size and share of the water and wastewater treatment market. The data gained and applied to estimate the shares for manifold sections at all levels such as global, national, and regional is acquired from detailed interviews with various stakeholders. Moreover, we have obtained admission to numerous global and regional paid records to provide detailed information to make business investment conclusions simple for our clients and shareholders.
Segments:
Services Segment to Gain Momentum due to Larger Investments
Based on segment, the market is classified into chemicals, equipment, and services. The services segment is expected to grow at the highest pace due to companies focusing on constructing novel treatment plants and maintenance of existing facilities.
By application, the market is divided into municipal and industrial.
Geographically, the market is classified into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
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Drivers and Restraints:
Strict Guidelines on Waste Treatment to Encourage Water and Wastewater Treatment Market Growth
With technological progressions in production techniques, the quantity of wastewater produced has increased abruptly in the recent years. Sewage from corporations and factories processing chemicals, rare metals, pesticides and other dangerous chemicals and materials are harmful to the environment and are likely to trigger tragic impacts if not sufficiently treated prior to releasing in freshwater resources.
However, with severe protocols being inflicted on wastewater treatment for businesses, they are prevented from having progressive treatment technologies set up at the locations owing to huge capitalizations to build such factories.
Regional Insights:
North America to Lead Stoked by Augmented Demand for Clean and Treated Water
North America held the largest water and wastewater treatment market share and stood at USD 109.52 billion in 2021. It is anticipated to dominate in the upcoming future. This is accredited to the huge demand for treated water from the beverages and pharmaceuticals sectors in nations such as the U.S.
The market for water and wastewater treatment in Asia Pacific is predicted to exceed North America soon in terms of revenue share. This is backed by the factor that huge-scale capitalization by countries such as China, India, and Southeast Asia in order to refine the water superiority and sanitation amenities in the region.
European market will be strengthened by the restoration being carried out in the prevailing water treatment services and sustain structure in the region to boost the implementation of ground-breaking wastewater treatment solutions in the upcoming years.
Competitive Landscape:
Purchases Originated by Significant Companies to Sponsor Market Growth
The dominating players in the market repetitively are looking to apply competent approaches to strengthen their brand value as well as endorse the global market growth of the product by facing least imaginable complications. One such competent scheme is securing competitive companies and further safeguarding a lucrative opportunity for both the engaged corporations.
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/water-and-wastewater-treatment-market-102632
Table of Content
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Trends
- Latest Technological Developments
- Key Developments
- Insights on Regulatory Scenario
- PORTER's Five Forces Analysis
- COVID-19 Impact Analysis
- Supply Chain Challenges
- Steps Taken by Companies to combat COVID-19
- Potential Opportunities due to COVID-19 Outbreak
TOC Continued…!
Industry Development:
January 2022 – Xylem and Isle Utilities partnered to scale the breakthrough ‘Trial Reservoir' water technology. It will create a pool of funding to new companies to undertake trials. Also, by removing the financial uncertainty, new companies will be able to come together and to better solve the water problems.
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