This study takes the closer look at different growth trends, futures prospects, Industrial revenue performance, market shares and regulations that will standardize the industry in near future; this would help business owners to strategically evaluate their micro-markets.The report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Wastewater Treatment Services Market. The report further discusses in detail the market in international waters and the emerging trends in those regions. It also offers insights into the competitive landscape, market drivers, industrial scenario, and the latest product and technological developments to offer a comprehensive overview of the Wastewater Treatment Services Market landscape.
The global wastewater treatment services market size was USD 49.56 Billion in 2019 and it is anticipated to reach USD 78.13 Billion by 2027, at a CAGR of 6.2% during the forecast period. The market is primarily driven by rapid industrial development and growth of population in developing economies. The growing trend of zero-liquid discharge, which involves separation of an aqueous waste into its water and solid components, is driving the utilization of wastewater treatment services.
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Key Highlights of Report
In September 2020, Evoqua Water Technologies LLC, a pioneer in the management of critical water treatment solutions, declared to have purchased Aquapure Technologies, a water supply & equipment firm located in Ohio, the U.S. This deal is intended to improve the service capability of Evoqua Water Technologies LLC in Ohio as well as the outlying areas.
The municipal segment held the largest market share of 57.3% in 2019. Advanced wastewater treatment services offered by major market players, such as chemical-free disinfection and advanced filtration, are increasingly being adopted by municipal corporations.
The operation & process control segment is anticipated to expand at the most rapid CAGR of 7.0% during the forecast period. Rising requirement of the industrial sector and municipal corporations to remove suspended solids before the effluent is discharged back to the environment in an economically feasible manner has driven the demand for facility operations, parameters monitoring, and routine maintenance.
Asia Pacific accounted for the largest share of the global wastewater treatment services market in 2019. Shrinking of freshwater sources and rising levels of wastewater are the two major factors boosting the adoption of wastewater treatment services among municipal corporations in the region.
Key market participants include Xylem Inc., Ecolab, Veolia, SUEZ, Pentair, Thermax, Buckman Laboratories International, Inc., Evoqua Water Technologies LLC, Kurita Water Industries, and Golder Associates
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Regional Landscape
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The research provides answers to the following key questions:
- What will be the growth rate and the market size of the Wastewater Treatment Services industry for the forecast period 2020-2027?
- What are the major driving forces expected to impact the development of the Wastewater Treatment Services market across different regions?
- Who are the major driving forces expected to decide the fate of the Wastewater Treatment Services industry worldwide?
- Who are the prominent market players making a mark in the Wastewater Treatment Services market with their winning strategies?
- Which Wastewater Treatment Services industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the Wastewater Treatment Services market?
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