Xylem (US) and SUEZ (France) are the Major Players in the Wastewater Treatment Services Market
The wastewater treatment services market size is projected to reach USD 65.1 billion by 2024 from USD 48.5 billion in 2019, at a CAGR of 6.1% between 2019 and 2024. Rising demand from municipal and industrial wastewater treatment is expected to support the wastewater treatment services market. Under the industrial segment, various end-use industries, namely chemical & pharmaceutical, oil & gas, food, paper & pulp, metal & mining, and power generation, are considered.
On the other hand, strict norms and Zero Liquid Discharge (ZLD) wastewater management strategy has created opportunities for manufacturers. Veolia (France), SUEZ (France), Xylem (US), Ecolab (India), and Evoqua Water Technologies (US) are the major players in this market.
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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.
Xylem (US) is one of the leading companies in water technology which engages in the manufacturing and service of engineered solutions for water and wastewater applications. The company invests vigorously in mergers and acquisitions to expand its portfolio and regional presences across the globe. The company aims to expand its presence in the APAC region by targeting the market where the demand for wastewater treatment services is high.
SUEZ (France) is also a chief creator 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. For instance, in April 2019, SUEZ announced that it would continue to develop its activity in Italy with a new contract to renovate and operate the Naples-North (Napoli Nord) wastewater treatment plant.
Related Reports:
Wastewater Treatment Services Market by Type (Design & Engineering Consulting, Building & Installation, Operation & Process Control, Maintenance & Repair), End User (Municipal, Industrial), and Region - Global Forecast to 2024
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