The report “Wastewater Treatment Services Market by Service Type(Designing & Engineering Consulting, Building & Installation Services), End-User (Municipal and Industrial), Industrial End-User (Chemical & Pharma, Oil & Gas) and Region – Global Forecast to 2026″, MarketsandMarkets: The wastewater treatment services market is projected to reach USD 71.6 billion by 2026, at a CAGR of 6.2 % from USD 53.0 billion in 2021. Growing population, expanding manufacturing industry, urbanization, and regulatory requirements are the major drivers of the wastewater treatment services market. Initiatives by manufacturing industries and state bodies for low waste generation and growing awareness about new water treatment technologies are some of the factors which are likely to boost the wastewater treatment services market.
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• 250 Market data Tables
• 66 Figures
• 280 Pages and in-depth TOC on “Wastewater Treatment Services Market – Global Forecast to 2026”
Some of the prominent key players are:
- Veolia Water Technologies (France)
- SUEZ (France)
- Xylem (US)
- Evoqua Water Technologies (US)
- Thermax (India)
- Ecolab (US)
Opportunities: Adopting a more sustainable approach through initiatives of Reduce-Recycle-Reuse
Water recycling is reusing treated wastewater for beneficial purposes such as agriculture and landscape irrigation, industrial processes, toilet flushing, and replenishing a groundwater basin (referred to as groundwater recharge). Water recycling offers resource and financial savings. Wastewater treatment can be tailored to meet the water quality requirements of a planned reuse. In any industry, water is a resource of critical importance. With the existence of stringent norms, there does not exist a major amount of water for industrial and municipal use. Thus, reusing the wastewater is of critical importance; these 3 Rs will help any industry become more sustainable.
Municipal is the largest end-user for wastewater treatment services market during the forecast period
One of the essential factors for human health, social and economic development, and the ecosystem is the availability and supply of quality water. However, the natural environment is getting degraded and the growing population is making it challenging to ensure sufficient and safe water supplies for everyone. A major part of the solution is to produce less water pollution and improve the way we manage wastewater. For a sustainable economy, it is very important to value wastewater for its potential, rather than discard it. Safe wastewater management could help protect our ecosystems and give energy, nutrients and other recoverable materials; it can also protect from the negative effects of wastewater on health and environment.
APAC is expected to be the fastest-growing wastewater treatment services market during the forecast period, in terms of value.
The APAC comprises major emerging nations such as China and India. Hence, the scope for the development of most industries is high in this region. The wastewater treatment services market is growing significantly and offers opportunities for various industries. The APAC region constitutes approximately 61.0% of the world’s population, and the manufacturing and processing sectors are growing rapidly in the region. The APAC is the largest wastewater treatment services market with China being the major market which is expected to grow significantly. The rising disposable incomes and rising standards of living in emerging economies in the APAC are the major drivers for this market.
