Water and Wastewater Treatment Market Size & Forecast


Posted June 14, 2024 by maddyharshu

Water and Wastewater Treatment Market by Type (Wastewater Treatment, Water Treatment)
 
Meticulous Research®—a leading global market research company, published a research report titled, Water and Wastewater Treatment Market by Type (Wastewater Treatment, Water Treatment), Offering (Treatment Technology, Treatment Chemicals), Application (Municipal, Industrial), and Geograph.
The Water and Wastewater Treatment Market is poised for significant growth, projected to reach $1,024.8 billion by 2033, with a CAGR of 5.9% from 2024 to 2033. This growth is driven by factors such as rapid population growth, urbanization, stringent water treatment regulations, the lack of freshwater resources, and the increasing prevalence of waterborne diseases. Additionally, the rising demand for energy-efficient and advanced water treatment technologies is expected to offer substantial growth opportunities for market players.
Water and Wastewater Treatment Market Growth Drivers
Rapid Population Growth, Urbanization, and Stringent Water Treatment Regulations
• The global demand for water supply and sanitation services is escalating due to rapid population growth and urbanization. According to the World Health Organization, in 2022, 57% of the global population (4.6 billion people) used safely managed sanitation services, while 33% (2.7 billion people) used private sanitation facilities connected to sewers with treated wastewater. This extensive use of water supply and sanitation services is propelling the adoption of water and wastewater treatment technologies worldwide.

• The growing population has also led to increased industrial production, heavily reliant on water for processing, cooling, and waste disposal. As industrialization rises, industries are facing water shortages, prompting a shift towards reducing water consumption and reclaiming and reusing wastewater. This planned use of treated wastewater enhances resource efficiency and benefits the environment, fostering sustainable industrial development. Consequently, industrialization, population growth, and urbanization are driving the adoption of water and wastewater treatment solutions, bolstering market growth.

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Geographical Analysis
Asia-Pacific Dominates
In 2024, Asia-Pacific is expected to account for the largest share of 42.6% of the water and wastewater treatment market. The market growth in Asia-Pacific is driven by the need for advanced residential water treatment, advances in membrane technology, increased environmental deterioration, declining clean water availability, increased public-sector investment in water infrastructure, and growing research & development expenditures. Moreover, this region is also projected to record the highest CAGR during the forecast period.
Key Players
The key players operating in the water and wastewater treatment market SUEZ S.A. (France), Veolia Environnement (France), Xylem Inc. (U.S.), DuPont de Nemours, Inc. (U.S.), 3M Company (U.S.), Pentair plc (U.K.), Kingspan Group plc (U.K.), Dow Inc. (U.S.), BASF SE (Germany), Kurita Water Industries, Ltd. (Japan), BioMicrobics, Inc (U.S.), Calgon Carbon Corporation (U.S.), Trojan Technologies (Canada), Kemira Oyj (Finland), Thermax Limited (India), Wog Technologies (Singapore), WSP Global Inc. (Canada), SWA Water Australia (Australia), Burns & McDonnell (U.S.), Adroit Associates Private Limited (India), Sauber Environmental Solutions Pvt. Ltd. (India), SPEC INDIA (India), Ecolab, Inc. (U.S.), GFL Environmental Inc. (Canada), and Clean TeQ Water Limited (Australia).
Key Questions Answered in the Report:
• Which are the high-growth market segments in terms of type, offering, application, and geography?
• What is the historical market size for the water and wastewater treatment market?
• What are the market forecasts and estimates for 2024–2033?
• What are the major drivers, restraints, opportunities, challenges, and trends in the water and wastewater treatment market?
• Who are the major players in the water and wastewater treatment market, and what are their market shares?
• What is the competitive landscape like?
• What are the recent developments in the water and wastewater treatment market?
• What are the different strategies adopted by major market players?
• What are the trends and high-growth countries?
• Who are the local emerging players in the water and wastewater treatment market, and how do they compete with other players?
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Issued By Harshita Madhale
Country United States
Categories Reports , Research , Technology
Tags water and wastewater treatment market , wastewater treatment , treatment technologies
Last Updated June 14, 2024