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Water and Wastewater Treatment Market to Record CAGR worth 7.1% during 2022-2029; Augmented Requirement from Developed Countries for Purified Water to Spur Growth

April 13, 2022 | Chemicals & Materials

The global water and wastewater treatment market size was USD 281.75 billion in 2021. The market is projected to grow from USD 301.77 billion in 2022 to USD 489.07 billion in 2029 at a CAGR of 7.1% during the 2022-2029 period. This information is presented by Fortune Business Insights, in its report titled, “Water and Wastewater Treatment Market Size, Share & COVID-19 Impact Analysis, By Segment (Chemicals {pH Conditioners, Coagulants & Flocculants, Disinfectants & Biocidal Products, Scale & Corrosion Inhibitors, Antifoam Chemicals, and Other Chemicals}, Equipment {Biological, Filtration, Sludge Treatment, Disinfection, and Other Equipment}, and Services), By Application (Municipal and Industrial), and Regional Forecast, 2022-2029.”


Downscaling of Industrial Activities Amid Pandemic Adversely Impacted Market


The COVID-19 pandemic is estimated to observe sluggish growth revenues in the water industry with some exemptions. Nevertheless, it has also augmented the importance of operational trustworthiness to achieve lower cost of disorder. Moreover, decrease in demand for water treatment services from major industrial as well as commercial consumers instigated by lockdowns and travel limitations has remarkably swayed the revenue potential for the companies functioning in the market.


Xylem and Isle Utilities Collaborates to Aid Water Utilities Pilot and Scale Pioneering Water Technology


Xylem, a global water technology pioneer, declared that it is supporting an advanced and novel funding mechanism for water utilities to organize encouraging technologies. The collaboration with Isle Utilities, which is a water consultancy firm, is a novel approach to funding and scaling breakthrough water technologies, named “Trial Reservoir.” It offers water technology reformers, with a preliminary emphasis on technologies that diminish the carbon releases of water systems. Technology trials and pilots are usually needed in advance of full-scale applications of water and wastewater treatment.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/water-and-wastewater-treatment-market-102632


Increasing Adoption of Novel and Traditional Treatment Combination to Aid Market Growth


The market players seek to build equipment with a unique blend of novel and traditional water treatment techniques. For instance, Eureka Forbes offers Dr. Aquaguard, a water purifier intended for the Indian market. This device is created with the ‘Activated Copper Maxx’ copper infusion technology, which amalgamate conservative copper mineralization method utilizing the current technology. Several researchers and companies have collaborated to develop groundbreaking treatment technologies utilizing unconventional resources such as Artificial Intelligence (AI) and nanotechnology, which are anticipated to present newer prospects and spur the water and wastewater treatment market growth.


Coalitions among Players to Ensure their Brand Fortification in Global Market


Fundamental companies in the market are incessantly choosing active stratagems to endorse their products and inaugurate their positions in the market. One such notable tactic is to unveil novel products by collaborating with other players to expand their influence to end-users.


Industry Development:



  • January 2022 – Veolia Water Technologies delivered a compact and sustainable AnoxKaldnes Moving Bed Biofilm Reactor (MBBR) solution as part of the upgrading project at the Tokoroa wastewater treatment plant in South Waikato, New Zealand. The South Waikato District Council will be able to accomplish a high degree of nitrogen removal using the MBBR design as well as utilize existing tanks on the site, making this a very sustainable project strategy.


List of Key Players Mentioned in the Report:



  • Veolia (France)

  • SUEZ Worldwide (France)

  • DuPont (U.S.)

  • 3M (U.S.)

  • Xylem (U.S.)

  • Kemira (Finland)

  • Evoqua Water Technologies LLC (U.S.)

  • Pentair PLC (U.K.)

  • Ecolab (U.S.)

  • American Water (U.S.)

  • Acciona (Spain)

  • Hydro International (U.K.)

  • Aquatech International LLC (U.S.)

  • Trojan Technologies (Canada)

  • BioMicrobics Inc. (U.S.)

  • Kurita Water Industries Ltd. (Japan)

  • ASIO (Czech Republic)


Further Findings:


Based on segment, the market is classified into chemicals, equipment, and services. The services segment is expected to grow at the highest pace due to companies focusing on constructing novel treatment plants and the maintenance of existing facilities for water and wastewater treatment.


North America held the largest water and wastewater treatment market share and stood at USD 109.52 billion in 2021 and is expected to dominate in the near future. This is attributable to the heavy demand for treated water from the beverages and pharmaceuticals industry in the U.S.


Table of Segmentation:














































  ATTRIBUTE



  DETAILS



Study Period



2018-2029



Base Year



2021



Estimated Year



2022



Forecast Period



2022-2029



Historical Period



2018-2020



Unit



Value (USD Billion)



By Segment




  • Chemicals

    • pH Conditioners

    • Coagulants & Flocculants

    • Disinfectants & Biocidal Products

    • Scale & Corrosion Inhibitors

    • Antifoam Chemicals

    • Other Chemicals



  • Equipment

    • Biological

    • Filtration

    • Sludge Treatment

    • Disinfection

    • Demineralization

    • Other Equipment



  • Services



By Application




  • Municipal

  • Industrial



By Geography


 




  • North America (By Segment, By Application, By Country)

    • U.S. (By Application)

    • Canada (By Application)

    • Mexico (By Application)



  • Europe (By Segment, By Application, By Country)

    • Germany (By Application)

    • U.K. (By Application)

    • France (By Application)

    • Italy (By Application)

    • Spain (By Application)

    • Eastern Europe (By Application)

    • Rest of Europe (By Application)



  • Asia Pacific (By Segment, By Application, By Country)

    • China (By Application)

    • India (By Application)

    • Japan (By Application)

    • South Korea (By Application)

    • Australia & New Zealand (By Application)

    • Southeast Asia (By Application)

    • Rest of Asia Pacific (By Application)



  • South America (By Segment, By Application, By Country)

    • Brazil (By Application)

    • Argentina (By Application)

    • Rest of South America (By Application)



  • Middle East & Africa (By Segment, By Application, By Country)

    • South Africa (By Application)

    • GCC (By Application)

    • Rest of Middle East & Africa (By Application)




Water and Wastewater Treatment Market
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  • 2018-2020
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