Water and Wastewater Treatment Market Opportunity

Rising Demand for Energy-efficient and Advanced Water Treatment Technologies

·         Water and energy are essential for socioeconomic growth and must be supplied and used sustainably. Water treatment processes, including filtration, sedimentation, and disinfection, require significant energy. Wastewater treatment plants, crucial for providing clean water, are known for their high energy consumption. According to the US Environmental Protection Agency (EPA), wastewater treatment plants are the third-largest energy consumers in municipalities, accounting for up to 35% of a city's total energy consumption. Therefore, enhancing energy efficiency in these facilities is critical to reducing operating costs and minimizing environmental impact.

·         Optimizing pump systems with SCADA systems or pump optimization software, and supplying energy-efficient ballasts for plant fluorescent fixtures and ultraviolet disinfection systems can significantly reduce energy consumption. The growing need for advanced and energy-efficient water treatment technologies is expected to encourage market players to develop innovative offerings, increasing their market shares.

Water and Wastewater Treatment Market Analysis: Key Findings

By Type: Wastewater Treatment Segment Dominates

Based on type, the water and wastewater treatment market is segmented into wastewater treatment and water treatment. In 2024, the wastewater treatment segment is expected to account for a larger share of 63.0% of the market. This dominance is attributed to the rising focus on water quality and public health, the prevalence of water-borne diseases, stringent governmental regulations, and the expansion of industrialization and urbanization. This segment is also expected to register the highest CAGR during the forecast period.

By Offering: Operation & Maintenance Services Lead

The market is segmented by offering into treatment technologies, treatment chemicals, process control and automation, design, engineering, and construction services, and operation and maintenance services. In 2024, the operation & maintenance services segment is expected to hold the largest share of 39.5%. This is due to the need to ensure the production of the desired quality and quantity of treated water, the increasing complexities of treatment facilities, and the adoption of innovative solutions and stringent regulatory standards. The process control & automation segment is projected to register the highest CAGR, driven by concerns over water scarcity, declining water quality, rising water supply expenses, and the growing digitalization facilitated by advanced data analysis programs.

By Application: Municipal Applications Take the Lead

Based on application, the market is segmented into municipal and industrial applications. In 2024, the municipal applications segment is expected to account for 69.0% of the market. This dominance is due to the increasing challenge of providing safe drinking water to communities, the rising global population, advancements in treatment processes enabling wastewater recycling for reuse, and the adoption of advanced technologies for wastewater treatment and drinking-water production. The industrial applications segment is expected to register a higher CAGR during the forecast period, driven by increasing industrialization and urbanization, declining freshwater resources, rising energy demand, stringent wastewater regulations, and a focus on water quality and public health.

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Geographical Analysis

Asia-Pacific Dominates

In 2024, Asia-Pacific is expected to account for the largest share of 42.6% of the water and wastewater treatment market. The market growth in Asia-Pacific is driven by the need for advanced residential water treatment, advances in membrane technology, increased environmental deterioration, declining clean water availability, increased public-sector investment in water infrastructure, and growing research & development expenditures. Moreover, this region is also projected to record the highest CAGR during the forecast period.

Key Players

The key players operating in the water and wastewater treatment market SUEZ S.A. (France), Veolia Environnement (France), Xylem Inc. (U.S.), DuPont de Nemours, Inc. (U.S.), 3M Company (U.S.), Pentair plc (U.K.), Kingspan Group plc (U.K.), Dow Inc. (U.S.), BASF SE (Germany), Kurita Water Industries, Ltd. (Japan), BioMicrobics, Inc (U.S.), Calgon Carbon Corporation (U.S.), Trojan Technologies (Canada), Kemira Oyj (Finland), Thermax Limited (India), Wog Technologies (Singapore), WSP Global Inc. (Canada), SWA Water Australia (Australia), Burns & McDonnell (U.S.), Adroit Associates Private Limited (India), Sauber Environmental Solutions Pvt. Ltd. (India), SPEC INDIA (India), Ecolab, Inc. (U.S.), GFL Environmental Inc. (Canada), and Clean TeQ Water Limited (Australia).

Key Questions Answered in the Report:

·  Which are the high-growth market segments in terms of type, offering, application, and geography?

·  What is the historical market size for the water and wastewater treatment market?

·  What are the market forecasts and estimates for 2024–2033?

·  What are the major drivers, restraints, opportunities, challenges, and trends in the water and wastewater treatment market?

·  Who are the major players in the water and wastewater treatment market, and what are their market shares?

·  What is the competitive landscape like?

·  What are the recent developments in the water and wastewater treatment market?

·  What are the different strategies adopted by major market players?

·  What are the trends and high-growth countries?

·  Who are the local emerging players in the water and wastewater treatment market, and how do they compete with other players?

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