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Wastewater Treatment Services Market worth $71.6 billion by 2026 – At a CAGR of 6.2 %

Published: June 16, 2023
Author: TEXTILE VALUE CHAIN
The According to a market research report, the “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.
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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”
This report also provides a comprehensive analysis of the companies listed below:

The key players operating in the wastewater treatment services market are trying to increase their scope of services to address the increasing demand. Veolia Water Technologies (France), SUEZ (France), Xylem (US), Evoqua Water Technologies (US), Thermax (India), and Ecolab (US) are the leading providers of wastewater treatment services, globally.

Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the wastewater treatment services market.

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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. The growing population of the world is fueling the demand for new wastewater treatment plants and services. Industrial growth is boosting the demand for new wastewater treatment projects. Collectively, the growth in demand for new wastewater treatment plants is pushing the demand for building and installation services market, globally. Continuous operation of the wastewater treatment plant is a major concern in both the manufacturing as well as other industries.

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.

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.

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.

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