Wastewater Treatment Services Market by Service Type (Designing and Engineering Consulting, Building and Installation Services), End-user (Municipal and Industrial), Industrial End-user (Chemical & Pharma, Oil & Gas) and Region - Global Forecast to 2028
In terms of value, the wastewater treatment services market is estimated to grow from USD 55.9 billion in 2022 to USD 80.4 billion by 2028, at a CAGR of 6.3%. Wastewater Treatment is the process of removal of contaminants and impurities from wastewater and convertion of it into an effluent. The treatment involves processes such as chemical treatment, evaporation, filtration, settling operation and others. Industrial wastewater are produced from end-use industries such as oil & gas, chemical & pharma, pulp & paper and others. Veolia Group (France), Ecolab Inc. (US), Suez SA (France) and Xylem Inc. (US)are the majkor service providers of wastewater treatment services. These players mainly focus on expansion and new product launches to increase their geographic reach , garner new projects, strengthen their product and service portfolio and cater to the untapped markets.
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Market Dynamics
Driver: Initiatives for zero liquid discharge (ZLD)
ZLD is a wastewater management strategy that eliminates liquid waste and maximizes water usage. The ZLD systems market size was worth USD 200 million for 2018 and is growing because stronger environmental regulations are being enforced. Countries such as China, India, and Australia are employing technologies to maximize the full recovery treatment of wastewater. From the time of its inception, ZLD has attracted renewed interest worldwide. For example, this technology has been adopted at the Dallman Power Plant in Illinois to avoid the environmental impacts of boron from the effluent wastewater generated. Although the implementation of ZLD reduces water pollution and augments water supply, the technology is constrained by high cost and intensive energy consumption. However, some organizations may opt for ZLD irrespective of the constraints. Technically, the concept of ZLD in the present scenario can only be rendered theoretically. Practically, having no liquid effluent discharge is not commercially viable and technically feasible.
Restraints:High cost of wastewater treatment technologies
In general, when it comes to water treatment systems, lower flow rates translate to lower capital costs. While this rule holds across most systems, a significant difference can occur depending on the scale of operations. Cost differences between large and small microfiltration (MF) units are relatively scalable based on flow, once the base cost of engineering, control panel, and cleaning systems is considered. The cost of large capacity ion exchange (IX) systems can be slightly more. For example, increasing the flow by 50% can increase the cost by about 20.
Opportunities: Aging infrastructure and outdated technologies
Old wastewater treatment plants need more maintenance and are sometimes risky as a downtime may occur at any time. Municipalities or industrial wastewater plants maintenance can be given on contract to service providers. Aging infrastructure and outdated technologies need to be upgraded from time to time, and wastewater treatment service providers are finding increasing opportunities in the building & infrastructure, maintenance & repair, and design and consulting services. The growing need for green technologies and infrastructure upgradation is expected to be a key growth driver for the market in the future.
Challenges: Lack of required techno-commercial awareness
An example of a food-based wastewater treatment plant with treatment needs for wastewater from manufacturing products such as milk, dairy products, and beverage making. Typically, with a food & beverage manufacturing facility, technology will revolve around removing biological contaminants (with technology such as Membrane Bioreactors or MBRs) and oil/grease (with Dissolved Air Flotation or DAF). At 100 GPM, the system can have a minimum price ranging from USD 500,000 to over USD 1 million, depending on the levels of BOD (Biological Oxygen Demand) and the discharge limits.
Wastewater treatment services Market Ecosystem
The wastewater treatment services market’s ecosystem includes companies offering water treatment services of different types such as design & engineering consulting, building & installation, operations & process control, and maintenance & repairs. Veolia Group, Xylem Inc., Suez SA, Ecolab, Thermax Limited, Evoqua Water Technologies, Pentair, W.O.G Technologies, etc., offer wastewater treatment services. Municipal, industrial, residential, and commercial industries require these services. The industrial wastewater needs to be treated and cannot be randomly disposed of into a stream, river, or rivulet. The demand for wastewater treatment services is influenced by various factors such as water availability, usage pattern, presence of pollutants, and government policies. The major end users of the wastewater treatment services are municipal organizations, Royal Dutch Shell, and EDF Group.
Based on service type , operation & process control was the largest segment for wastewater treatment services market, in terms of value, in 2022.
The amount of wastewater generated from industries largely depends on their operations & processes. Optimizing these processes hugely impacts the quality and quantity of the wastewater generated, which in turn, is expected to impact the kind of treatment procedure associated with it. Thus, operation & process control forms a key component of the service type segment. Operations & process control services are mainly provided for the facility operation improvement and control of wastewater treatment plants. The major municipal and industrial customers outsource such services to dedicated wastewater treatment service providers. These services include, but are not limited to, laboratory testing, facility troubleshooting, routine maintenance, parameters monitoring, statistical process control, and report generation. The smooth functioning of unit operations, such as separation, floatation, settling, filtration, neutralization, absorption, adsorption, ion exchange, and chlorination, is ensured through proper monitoring.
Based on end-use industry, municipal was the largest segment for wastewater treatment services market, in terms of value, in 2022.
The larger share can be attributed to the growing use of wastewater treatment services by various municipal organizations owing to the increase in population and increase in the quantity of wastewater generated. Absent, inadequate, or inappropriately managed domestic wastewater and sanitation services expose individuals to preventable health risks and pollute the environment. Inadequate management of urban and industrial wastewater leads to the contamination of drinking water of millions of people. Hence, the government authorities in developing countries in Asia Pacfic are undertaking proper initiatives to discharge domestic wastewater. The increase in negative effects of wastewater on health and the environment is driving the wastewater treatment services market.
“Asia Pacific accounted for the largest market share for wastewater treatment services market, in terms of value, in 2022”
Asia Pacfic is the largest wastewater treatment services market, accounting for the largest share of the market in 2022. Rapid industrialization, growing demand from various end-use industries, and increasing government spending are supporting the growth. Water contamination is a serious issue in the Asia Pacfic region causing increased environmental deterioration, high soil erosion, occasional floods, and an increase in the pollution levels in China, India, and Japan. The availability of clean water is declining, thus driving the demand for wastewater treatment services in these countries. With increasing urbanization and infrastructure expenditure, the wastewater treatment services market in Asia Pacfic is bound to grow significantly, and it will outpace other countries and regions.
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Key Market Players
The key players profiled in the report include Veolia Group (France), Xylem Inc. (US), Suez SA (France), Ecolab Inc. (US), Thermax Limited (India), Pentair (US), WOG Technologies (India), Golder Associates (Canada), and SWA Water Treatment (Australia), among others, these are the key manufacturers that secured major market share in the last few years.
Read More: Wastewater Treatment Services Companies
Scope of the Report
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Report Metric |
Details |
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Years considered for the study |
2017–2028 |
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Base year considered |
2022 |
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Forecast period |
2023–2028 |
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Units considered |
Value (USD Million/Billion) |
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Segments covered |
Service Type, End-User, and Region |
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Regions covered |
Asia Pacific, North America, Europe, Middle East & Africa, and South America |
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Companies profiled |
The key players profiled in the report include Veolia Group (France), Xylem Inc. (US), Suez SA (France), Ecolab Inc. (US), Thermax Limited (India), Pentair (US), WOG Technologies (India), Golder Associates (Canada), and SWA Water Treatment (Australia) among others. |
This report categorizes the global wastewater treatment services market based on service type, end-user, and region.
On the basis of service type, the Wastewater treatment services market has been segmented as follows:
- Design & Engineering Consulting
- Building & Installation Service
- Operation & Process Control
- Maintenance & Repair
- Others
On the basis of end-user , the Wastewater treatment services market has been segmented as follows:
- Municipal
-
Industrial
- Chemical & Pharma
- Oil & Gas
- Food, Pulp & Paper
- Metal & Mining
- Power & Generation
- Others
On the basis of region, the Wastewater treatment services market has been segmented as follows:
- Asia Pacific
- North America
- Europe
- Middle East & Arica
- South America
Recent Developments
- In April 2023, Veolia has been awarded the contract for the operation and maintenance of Turkey's first waste-to-energy plant, the largest in Europe, in Istanbul.
- In January 2023, Xylem Inc. signed an agreement under which it acquired Evoqua, a leader in water treatment solutions and services, in an all-stock transaction.
- In December 2022, Veolia completed the sale to Suez, the share capital of Suez Recycling and Recovery UK Group Holdings Ltd. under antitrust remedies agreed with the UK Competition and Markets Authority (CMA).
- In October 2022, Xylem Water Solutions Singapore Pte Ltd, and Gross-Wen Technologies Inc. (GWT), a leader in environmentally-sustainable wastewater treatment solutions, announced a Memorandum of Understanding (MoU) for a new joint research and development (R&D) project.
- In August 2022, Veolia announced today that it has signed a merger agreement concerning the merger of Vigie SA (formerly known as Suez SA) into Veolia. The purpose of this merger is to simplify and rationalize the legal structure of the Veolia group.
Frequently Asked Questions (FAQ):
Which are the major players in Wastewater treatment services market?
The key players profiled in the report include Veolia Group (France), Xylem Inc. (US), Suez SA (France), Ecolab Inc. (US), Thermax Limited (India), Pentair (US), WOG Technologies (India), Golder Associates (Canada), and SWA Water Treatment (Australia) and others.
Who are the top 4 players in the market?
Veolia Group (US), Ecolab Inc. (US), Suez SA (France), and Xylem Inc. (US) are the major service providers of wastewater treatment services market.
What are the drives and opportunities for the wastewater treatment services market?
Increasing environmental regulations, initiatives for zero liquid discharge (ZLD) and expanding global manufacturing industry are some of the drivers of wastewater treatment services market .
What are the various strategies key players are focusing within Wastewater treatment services market?
New acquisitions, expansion and partnership are some of the strategies atoped by key players to expand their global presence.
What are the major factors restraining Wastewater treatment services market growth during the forecast period?
The issue that many organizations face is that no company wants to bear the additional expenses. Instead, they opt for cheaper and improper treatment processes that are illegal but cost-effective. This acts as a major threat. .
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11 COMPANY PROFILES (Page No. - 205)
The study involved four major activities in estimating the market size for wastewater treatment services. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Post that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.
Secondary Research
Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and others. The findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives. The breakdown of profiles of the primary interviewees is illustrated in the figure below:
Primary Research
The Wastewater treatment services market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the automotive, medical, electronics, and others. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
Breakdown of Primary Participants
Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2022 available in the public domain, product portfolios, and geographical presence.
Other designations include consultants and sales, marketing, and procurement managers.
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|
COMPANY NAME |
DESIGNATION |
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Veolia Group |
Director of Marketing |
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Ecolab Inc. |
Manager- Sales & Marketing |
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Suez SA |
Sales Manager |
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Xylem Inc. |
Production Manager |
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the Wastewater treatment services market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry have been identified through extensive secondary research.
- The supply chain of the industry has been determined through primary and secondary research.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
Wastewater Treatment Services Market: Bottom-Up Approach
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Wastewater Treatment Services Market: Top-Down Approach
Data Triangulation
After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the wastewater treatment services industry.
Market Definition
According to the Water Environment Federation, the treatment process used to remove impurities and toxins from sewage or industrial water is referred to as wastewater treatment. The treated water can be safely discharged back into the environment. Wastewater is full of contaminants, including bacteria, chemicals, and other toxins that are harmful to the environment. Its treatment aims at reducing contaminants to acceptable levels to make the water safe for discharge back into the environment.
Key Stakeholders
- Companies related to the wastewater treatment industry
- Consulting companies in the wastewater and sustainability sector
- Government and research organizations
- Investment banks
- Organizations, forums, alliances, and associations
- Power generation utilities
- Smart water metering organizations
- State and national utility authorities
- Textile, oil & gas, and chemical & pharmaceutical companies
- Venture capital firms
- Wastewater treatment equipment manufacturers, dealers, and suppliers
- Water testing and packaging vendors
Report Objectives
- To define, describe, and forecast the wastewater treatment services market in terms of value
- To provide detailed information regarding the drivers, opportunities, restraints, and challenges influencing market growth
- To estimate and forecast the market size by service type, end-user, and region
- To forecast the size of the market for five main regions: Europe, North America, Asia Pacific, South America, and the Middle East & Africa, along with their key countries
- To strategically analyze micromarkets1 with respect to their growth trends, prospects, and contribution to the overall market
- To analyze opportunities in the market for stakeholders and provide a competitive landscape for market leaders
- To analyze competitive developments, such as deals and expansions, in the market
- To analyze the impact of the recession on the market
- To strategically profile key players and comprehensively analyze their growth strategies
Available Customizations
Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Regional Analysis
- Further breakdown of a region with respect to a particular country or additional application type
Company Information
- Detailed analysis and profiles of additional market players (up to five)
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