According to a new market research 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.
This report also provides a comprehensive analysis of the companies listed below:
- Veolia Water Technologies (France)
- SUEZ (France)
- Xylem (US)
- Evoqua Water Technologies (US)
- Thermax (India)
- Ecolab (US)
- THERMAX LIMITED
- EVOQUA WATER TECHNOLOGIES
- PENTAIR
Research Coverage:
This report segments the market for wastewater treatment services market on the basis of service type, end-user and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisition associated with the market for wastewater treatment services market.
Veolia Group, designs and manages water services, wastewater treatment, and recovery services for local authorities and industrial customers. The company operates through three business segments, namely, water, waste, and energy. Veolia Water business segment provides the complete range of services required to design, build, maintain, and upgrade water and wastewater treatment facilities and systems for industrial customers and public authorities. It offers a wide range of solutions for the collection and transport of drinking water and wastewater, which includes operating and maintaining water and wastewater treatment networks, collecting wastewater, and designing and building water and sanitation networks. The company operates in Europe, the Americas, Asia, Oceania, the Middle East, and other regions. In October 2020, Veolia Group acquires 30% shares of Suez’s capital from Engie to enhance its water business segment in France.
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Ecolab, provides water, hygiene, and energy technologies and services across the globe. The company operates through four segments, namely, global industrial, global institutional & specialty, and global healthcare & life sciences and others. Ecolab provides wastewater treatment services through its global industrial business segment. The water unit under the global industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions primarily to industrial customers within the manufacturing, food and beverage processing, chemical, primary metals, power generation, pulp and paper, mining, and commercial laundry industries.
“Increasing environmental regulations”
Nations have enforced strict norms against polluting the naturally occurring water bodies and illegal discharge of wastewater. In countries such as China, which were severely impacted by air pollution, special laws have been implemented to protect it from the harmful impact of wastewater discharge. At the same time, developed nations such as the US have stringent laws for drinking water, potable water, and wastewater, indicating the fact that wastewater treatment is strictly dealt with. With such stringency maintained at the international level, it is evident that the nations have laid down strict regulations to curb global warming and protect biodiversity. Thus, improper discharge of wastewater effluents is dealt with the utmost strictness, and this can render factories noncompliant.
