Market Leaders - Industrial Wastewater Treatment Service Market
The global industrial wastewater treatment service market is expected to grow from an estimated USD 20.8 billion in 2019 to USD 28.0 billion by 2024, at a CAGR of 6.1% during the forecast period. The growth of this market is driven by the growth in international environmental norms and regulations, growth in the application of Zero Liquid Discharge (ZLD) initiatives, and eagerness of organizations to be compliant with the environmental norms.
The global industrial wastewater treatment service market is dominated by a few major players that have a wide regional presence. The leading players in the industrial wastewater treatment service market are Veolia (France), SUEZ (France), Xylem (US), Ecolab (US), and Thermax Group (India).
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The major strategies adopted by the players include new product launches, investments & expansions, mergers & acquisitions, contracts & agreements, partnerships, alliances, joint ventures, and collaborations. Contracts & agreements was the most commonly adopted strategy from February 2016 to February 2019. These industry players also adopted new product launches and mergers & acquisitions as major strategies during that period.
Veolia (France) designs and manages water services, and wastewater treatment & recovery services for local authorities and industrial customers. The company operates through 3 business segments, namely, water, energy, and waste. In 2018, the company successfully managed 2,667 wastewater treatment plants, connecting 63 million people to wastewater systems. It primarily provides wastewater treatment services through its water business segment. It treats surface water, brackish, or seawater, groundwater, wastewater, and wastewater sludge. In 2018, the Veolia Group supplied drinking water to 95 million people and wastewater service to 63 million people. In the same year, it produced nearly 56 million megawatt hours of energy and converted 49 million metric ton of waste into new materials and energy.
SUEZ’s (France) business operations are categorized as water Europe, recycling and recovery Europe, international, Water Treatment Solution (WTS), and others. The company offers various wastewater treatment services such as sampling and production of drinking water, multi-disciplinary studies and engineering, customer relationship management, industrial water treatment, water storage and distribution, desalination, wastewater treatment and reuse, and sludge treatment and recovery. It is also involved in waste management activities such as waste collection and urban sanitation, waste recovery and disposal, treatment and recovery of complex waste, treatment of hazardous waste, recovery, and disposal of non-hazardous waste, waste storage, and decontamination. In March 2017, it acquired the water business segment of GE (US), which broadened the company’s portfolio of wastewater treatment services. The company primarily operates in France, followed by other countries of Europe, and other countries outside Europe through its international geographic segment. The company claims to have more than 450,000 industrial and business customers and has biologically produced 1.2 billion cubic meter of reused wastewater per year.
Related Reports:
Industrial Wastewater Treatment Service Market by Service Type (Design, Installation, Operations, Maintenance), Treatment Method (Filtration, Disinfection, Desalination), End User (Power, Oil & Gas, Pulp & Paper), Region - Global Forecast to 2024
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