Wastewater Treatment Services Market worth $65.1 billion by 2024, at a CAGR of 6.1%

Wastewater Treatment Services Market worth $65.1 billion by 2024, at a CAGR of 6.1%

Browse 111 market data Tables and 43 Figures spread through 205 Pages and in-depth TOC on “Wastewater Treatment Services Market”
Wastewater Treatment Services Market by Type (Design & Engineering Consulting, Building & Installation, Operation & Process Control, Maintenance & Repair), End User (Municipal, Industrial), and Region

The growth of the wastewater treatment services market is triggered primarily by the stringent regulatory and sustainability mandates for wastewater discharge at both municipal as well as industrial level. Various emission control acts and regulations have been legislated across most of the countries, worldwide to control the level of water pollution as well as to ensure the disposed solid and liquid wastes are less harmful to the environment. Numerous developing countries, such as Brazil, South Africa, India, China, and Saudi Arabia, have set five-year targets to reduce pollutant levels.

Growth in industrial wastewater is one of the major driving factors for the wastewater treatment services industry. The growing industrial wastewater in emerging markets such as China, Germany, Saudi Arabia, and India, is driving the adoption of wastewater treatment services such as design & engineering consulting, building & installation, and operation & process control services. The norms of pollution control boards existing in various countries ensure that the Environmental Performance Index of a nation is maintained. Concepts of circular economy and triple bottom line are crucial to ensure that the businesses that are currently operating remain sustainable, imbibing sustainability as a core value. All these factors are driving the wastewater treatment services market at the global level. Collectively, all these reasons will support the demand for wastewater treatment services in the coming years.

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Based on end-use industry, the wastewater treatment services market has been segmented into chemical, pharmaceutical, oil & gas, food, pulp & paper, metal & mining, and power generation, and others. The power generation segment is estimated to register the highest revenue growth within the global wastewater treatment services market. The demand for wastewater treatment services is very high in power generation across the globe.

In an attempt to meet the set targets of carbon emission, many countries have started investing heavily in renewable energy sources, such as wind and solar energy. The investments have been witnessed in the water conservation projects in the power generation industry, in the past few years. APAC accounts for over 40% of the global power demand. Over 70% of power generation is carried out by the steam turbines technology. As the demand for power in countries including India, China, Indonesia, and Vietnam is projected to increase, the wastewater treatment services market will witness substantial growth

APAC is the largest market for wastewater treatment services, followed by North America and Europe. Rapid industrialization, increasing municipal wastage, water scarcity, and growing government spendings drives the regions wastewater treatment services market. In the previous few years, the market has experienced a change from traditional wastewater treatment services to modern wastewater treatment services. High-spending power of end-user industries and stringent regulatory will continue to drive the wastewater treatment services market in the region during the forecast period.

The key market players profiled in the report include as Veolia (France), SUEZ (France), Xylem (US), Ecolab (India), Evoqua Water Technologies (US), Thermax (India), and W.O.G. Group (US), Golder Associates (Canada),  and SWA Water Holdings (Australia)).

Veolia (France) is one of the leading services providers of wastewater treatment for both municipal as well as industrial segment. The company is actively focusing on contracts and agreements for increasing their business existence and revenue generation.

  • In March 2019, Veolia Water Technologies South Africa was contracted to alleviate Mbombela’s water constraints with three new water treatment plants to address the need for lowering the carbon footprint, portability, and easily maintain the water treatment solutions
  • In April 2019, Veolia Water Technologies South Africa supplied a 10 m3/hour package plant to treat the boiler feedwater at a natural gas-fired combined cycle power plant in Tanzania.
  • In February 2019, under an eight-year contract signed between Veolia and Greater Nimes, the company will manage Greater Nimes water and wastewater service.

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