Global Wastewater Treatment Services Market - 2022-2029
The global wastewater treatment market size was worth US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).
Wastewater treatment is a systematic process used to remove contaminants from wastewater and convert it into clean water to be returned to the water cycle. On being returned to the water cycle, the effluent creates an acceptable impact on the environment or is reused for various purposes. The wastewater treatment process takes place in a wastewater treatment plant and several kinds of wastewater are treated at the correct type of wastewater treatment plant. The wastewater processing plant is called a sewage treatment plant for domestic, municipal wastewater or sewage.
Industrial wastewater treatment either occurs in a separate plant attached to the same industrial factory or located offsite. Other types of wastewater treatment plants include agricultural and leachate treatment plants. Processes commonly used include phase separation, biological and chemical processes and polishing. The major by-product of wastewater treatment plants is sludge, usually treated in the same or another wastewater treatment plant. Some wastewater may be treated to a very high degree and then reused as reclaimed water. The main aim of wastewater treatment is for wastewater to be disposed of or reused safely.
The demand for wastewater treatment services is mainly driven by the Increasing stringent environmental regulations for wastewater. It is the most important driver for the market. The high cost of wastewater treatment technologies is a key factor in limiting the growth of this market.
Increasing stringent environmental regulations for wastewater
Rising urbanization and industrialization have led to unprecedented economic growth, especially in emerging countries. However, it has strained water resources and led to rising water pollution. Haphazard urbanization has left underdeveloped sewage systems that routinely discharge untreated waste straight into rivers. Industrial plants do not treat water before discharging it into water bodies.
Global governments have enforced strict norms against polluting naturally occurring water bodies and illegally discharging wastewater. In developing countries such as China, which is severely impacted by water pollution, special laws and regulations have been implemented to protect the population from the harmful effects caused by the discharge of wastewater. Concurrently, developed nations such as the U.S. have instituted stringent laws for drinking water, potable water, and wastewater, indicating strict penalties for violators. With such stringency maintained at the global level, it is evident that the nations have laid down strict regulations to curb rising water pollution and protect water sources. Therefore, improper discharge of wastewater effluents is dealt with the utmost strictness, rendering factories non-compliant regulations. The increasingly stringent environmental regulations for wastewaters are the major drivers of wastewater treatment services.
High cost of wastewater treatment technologies
Wastewater is treated systematically in three stages: primary, secondary and tertiary. Wastewater treatment services require specific scientific skills and engineering expertise. Wastewater treatment processes are also highly capital intensive. A report by the Development Bank of Latin America (CAF) estimated that from 2010 to 2030, US$80 million would be spent on sewerage infrastructure and US$33 million on wastewater treatment. A few factors that can increase the cost of wastewater treatment are flow rates of effluent, the quality of water, the required degree of purity and end-use.
A key factor in determining the cost of wastewater treatment systems is the chemical composition and the amount of effluent to be treated. It is extremely important to understand the types and concentrations of substances present and any variability in the composition of the effluent stream. As a general rule, the higher the number of contaminants, the higher the number of steps required in the water treatment process and the higher the up-front cost. The high cost of wastewater treatment technologies is, therefore, a key challenge for the growth of this market.
COVID-19 impact analysis
The global wastewater treatment services market experienced uneven impacts on the value chain due to the COVID-19 pandemic. Municipal wastewater treatment went largely uninterrupted during the initial lockdown period in early 2020. However, industrial wastewater treatment was deeply affected due to lockdowns as almost all industrial plants temporarily shut down or scaled back operations to comply with government lockdown directives. Most industrial plants were back running in late 2020 and some overall improvement in the market was observed.
The short-term impact of the COVID-19 pandemic has been relatively mild for the wastewater treatment services market. The pandemic will have a negligible impact on the medium to long-term growth of the global wastewater treatment services market. The demand for wastewater treatment services remains strong and is expected to grow gradually in the coming years.
The global wastewater treatment services market is segmented into service type, end-user, industry and region. The wastewater treatment services market is segmented into municipal and industrial based on end-user.
Municipal is leading in the end-user segmentation of the wastewater treatment services market. Municipal wastewater is overwhelmingly the largest contributor to wastewater as the amount of sewage generated by urban and rural areas is far greater than wastewater discharged by industries.
Asia-Pacific is leading in the global wastewater treatment services market. The region accounts for the largest market share, primarily due to major emerging markets growing significantly and offering opportunities for various industries. The Asia-Pacific constitutes approximately 61.0% of the world’s population and the manufacturing and processing sectors are growing rapidly in the region.
Countries such as Bangladesh, India, China, Vietnam, Thailand, Indonesia and Malaysia are experiencing rapid industrialization and urbanization. Developed countries such as Japan, South Korea and Taiwan also have large chemical and pharmaceutical industries. Due to haphazard urbanization and underdeveloped infrastructure, many countries have massive water pollution problems. Therefore, the greatest demand for wastewater treatment services comes from this region. The Asia-Pacific will continue to have the largest market share in the global wastewater treatment services market in the coming years.
The global wastewater treatment services market is competitive due to the availability of treatment services offered by different companies. Some of the major players contributing to the growth in the segment are Veolia Group, Xylem Inc., Suez S.A., Ecolab Inc., Thermax Limited, Evoqua Water Technologies, Pentair, Wog Technologies, Golder Associates and Terrapure Environmental. The major players in the wastewater treatment services market adopt several strategies for growth, such as launch of new services, expansion into new regions, and joint ventures and collaborations, contributing to global growth in the industry.
Overview: Veolia Group is a transnational company with main interests in waste management, water management and energy services. It operates in 48 countries globally, providing consulting, management and engineering services. The company was founded in 1853 and is headquartered in Paris, France.
Veolia Solutions is the company’s flagship wastewater management service. It combines engineering and technological expertise while ensuring regulatory compliance. The process involves thermal, chemical, and biological treatments of wastewater, recovery, and the reuse of treated wastewater.
Key Developments: In 2020, Veolia Group acquired 30% capital shares of Suez S.A. The acquisition was made to enhance the company’s presence and offerings in the French market.
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Target Audience 2022
Wastewater treatment consultants
Water purifying chemical manufacturers
Industry Investors/Investment Bankers
Education & Research Institutes
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