The report "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", size was USD 55.9 billion in 2022 and is projected to reach USD 80.4 billion by 2028, at a CAGR of 6.3%, between 2023 and 2028.
Browse 264 market data Tables and 50 Figures spread through 256 Pages and in-depth TOC on "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"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/wastewater-treatment-service-market-38039841.html
Wastewater treatment is the process of removing contaminants and impurities from wastewater and converting it into an effluent that may be returned into the water cycle. The treatment process involves many operations such as chemical treatment, settling operation, evaporation, filtration, and others. Industrial wastewater comes from the power, oil & gas, chemical & pharma, food, pulp & paper, and mining industries. The type of service depends on the end-use because the requirements and challenges are different for different industries.
Municipal segment to account for larger share in wastewater treatment services market, in 2022.
Residential wastewater is generally treated through the municipal wastewater treatment plant. Wastewater collected and treated at the municipal level is higher than that at the industrial level. Municipal wastewater is less contaminated than industrial wastewater. According to WHO, in least developed countries, 22% of healthcare facilities have no water treatment service, 21% have no sanitation service, and 22% have no waste management service. Half of the world’s population will be living in water-stressed areas by 2025. Contaminated water and improper discharge of domestic wastewater can lead to various health diseases such as cholera, diarrhea, dysentery, hepatitis A, typhoid, and polio.
Operation & process control to lead wastewater treatment services market, during the forecast period.
The increasing population of the world is driving the demand for more wastewater treatment plants and services. Industrial growth is driving the demand for new projects related to wastewater treatment services. Also, the rise in demand for new wastewater treatment plants is supported by the building & construction installation services, globally. Downtime in the wastewater treatment plant generates a large wastewater inventory and indirectly affects productivity. For the smooth functioning of the whole plant, wastewater treatment must function properly. This is the reason why various industries are outsourcing wastewater treatment services to external parties.
“Asia Pacific is expected to be the fastest-growing region, in the overall wastewater treatment services market, during the forecast period”
The growth in manufacturing, power generation, oil & gas, and food & beverage industries, among others, has greatly influenced the economic development of the countries in the region. Government initiatives, such as Industry 4.0 and Internet Plus, are attracting heavy investments for the manufacturing sector. China is expected to see an 8.5% year-on-year growth in software spending to undergo numerous upgradations in automation and digitalization and accomplish its “Made in China 2025” initiative.
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).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441