Wastewater Treatment Market

The global Wastewater Treatment Market is valued at USD 295.3 Billion in 2022 and is projected to reach a value of USD 517.8 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 7.3% between 2023 and 2030.

Premium Insights

The awareness of water scarcity and the need to reuse wastewater is stimulating the growth of Wastewater Treatment market. For instance, the percentage of rural population in India with access to safe and sufficient drinking water within their premises through a piped water supply system was 61.5% in the fiscal year 2022. Additionally, the Indian government plans to ensure that every individual in the country has access to safe and adequate drinking water within their premises by 2024 or 2025, which will involve enhancing the capacity of municipal water treatment plants. The increasing global focus on environmental sustainability and stricter regulations are driving the demand for wastewater treatment solutions. Advancements in technology, such as membrane bioreactors and UV disinfection, are improving efficiency and treatment capabilities, leading to market expansion.

• The growing urbanization and industrialization result in more wastewater generation, requiring strong treatment infrastructure and solutions. Additionally, Governments worldwide are investing in wastewater treatment infrastructure, further fostering the sector's growth and creating an environment for advancements and market evolution
• North America generated more than 32.5% of revenue share in 2022
• Asia pacific is expected to grow at the quickest rate from 2023 to 2030
• Services segment accounted for the largest market growth. It contributed over 52.2% of the total revenue share in 2022 the increasing demand for specialized expertise, comprehensive solutions, and maintenance services in wastewater treatment
• Municipal segment accounts for the most significant market share of 58.8% in 2022

Economic Insights

Governments worldwide are investing heavily in improving wastewater treatment infrastructure, driven by concerns for public health, environmental protection, and regulatory compliance. This financial commitment not only promotes market growth but also leads to job creation and economic development in the sector. Additionally, the growing use of advanced wastewater treatment technologies not only addresses environmental issues but also encourages innovation and technological progress, creating economic value.

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Top Market Trends

• Increasing Water Scarcity: The world is facing a growing water crisis, with over 2 billion people lacking access to safely managed drinking water. This is driving the need for wastewater treatment and reuse technologies.
• Growing Adoption of Advanced Technologies: Advanced wastewater treatment technologies, such as membrane bioreactors (MBRs) and ultraviolet (UV) disinfection, are becoming increasingly popular. These technologies offer higher levels of treatment and can be used to reuse wastewater for a variety of purposes.
• Focus on Decentralized Wastewater Treatment: Decentralized wastewater treatment systems are becoming more popular as they offer a number of advantages, such as lower costs and reduced environmental impact.
• Increasing Demand for Wastewater Reuse: Wastewater reuse is becoming increasingly important as water resources become scarce. Wastewater can be reused for a variety of purposes, such as irrigation, industrial use, and groundwater recharge.

Market Segmentation

Wastewater Treatment The global Wastewater Treatment market can be categorized into Product , Application , Region. The Wastewater Treatment market can be categorized into Chemicals , Treatment Technologies , Equipments, Services based on Product . The Wastewater Treatment market can be categorized into Municipal, Industrial based on Application . The Wastewater Treatment market can be categorized into North America, Europe, Asia Pacific, Latin America, Middle East & Africa based on Region.

Based on Product

Services holds the largest share

services are leading the global Wastewater Treatment market because the demand for specialized expertise in handling complex wastewater treatment systems increases. Managed services contracts, which include a comprehensive range of wastewater treatment solutions such as equipment, chemicals, and services, are becoming increasingly popular due to the advantages they offer, such as reduced risk and improved predictability.

Based on Application

Municipal will account for largest market share

The largest share in the Wastewater Treatment market is expected to be held by the municipal segment in 2022 due to the significant amount of wastewater generated by municipalities, including from households, businesses, and other sources, which needs to be treated before being discharged or reused. Furthermore, there is a noticeable increase in global government investments aimed at improving municipal wastewater treatment infrastructure, driven by the need to protect public health and the environment.

Based on Region

North America will lead the market

North America is expected to dominate the Wastewater Treatment market. The region leads in the adoption of advanced wastewater treatment technologies, such as membrane bioreactors (MBRs) and ultraviolet (UV) disinfection, which offer highly effective treatment and enable flexible wastewater reuse. The strict environmental regulations in North America drive the demand for advanced wastewater treatment solutions. Furthermore, the aging wastewater treatment infrastructure creates opportunities for market growth as upgrades and modernization are needed.

Competitive Landscape

The Wastewater Treatment market is highly competitive, and major companies in the industry are actively pursuing strategic initiatives like mergers, acquisitions, partnerships, and product developments to solidify their positions. The competition is driven by technological advancements and a focus on sustainability, as companies seek to provide state-of-the-art solutions that comply with strict environmental regulations. Furthermore, there is a growing trend towards offering comprehensive service packages that include design, consulting, and maintenance services as businesses aim for integrated solutions.

The players in the global Wastewater Treatment market include Marcuras Water Treatment India Pvt. Ltd., Veolia Water India, UEM India Pvt. Ltd., Hindustan Dorr-Oliver Ltd., Paramount Limited, Triveni Engineering & Industries Ltd., SPML Infra Limited, Ion Exchange Limited, GE Water & Process Technologies, VA TECH WABAG LIMITED among others.

Recent Market Developments

• Feb 2023: After finalizing the acquisition, Solenis obtained ownership of the stock of the Grand Invest Group, which includes significant production and warehousing facilities. This acquisition allows Solenis to enhance its portfolio in the Latin American water treatment industry.
• 2022: WABAG LIMITED has entered into a partnership with the Asian Development Bank (ADB) to secure a fund of INR 200 crores (~ USD 24.6 million) through unlisted Non-Convertible Debentures with a term of five years and three months. ADB will gradually subscribe to this fund over a period of 12 months to support WABAG's water treatment business.
• 2022: Suez SA, a French utility company, is set to purchase the waste-treatment business of Veolia Environment SA in the United Kingdom for approximately EUR 2.3 billion (USD 2.42 billion). Suez has decided to reclaim the UK assets that were previously put up for sale due to objections from the country's competition authority.
• 2022: Perth-based company Allpipe Technologies was acquired by Veolia, resulting in the expansion of Veolia Water's network services activities in various areas of Western Australia. This purchase further enhances Veolia's position in water solutions.

Segmentation of the Global Wastewater Treatment Market