Water and Wastewater Treatment Market to Reach USD 536.41 Billion by 2030; Growing Use of Combination of New and Conventional Treatments to Augment Market Progress

The global water and wastewater treatment market size touched USD 301.77 billion in 2022 and is predicted to reach USD 323.32 billion in 2023. The market is anticipated to touch USD 536.41 billion by 2030, recording a CAGR of 7.5% over 2023-2030.

Fortune Business Insights™ presents this information in its latest 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, 2023-2030”.

Rapid industrialization and urbanization have boosted the demand for water and wastewater treatment facilities as the network of manufacturing plants is expanding across the world to cater to the ever-growing consumer demands. However, this has also increased the amount of wastewater being generated by these factories. This wastewater contains several harmful chemicals that pose some serious dangers to the environment if released without proper treatment.

The demand for clean, potable water is growing in cities, thereby putting tremendous pressure on the existing freshwater resources. Many countries across the world are also facing severe water shortages, forcing them to adopt desalination technologies to turn seawater into drinkable water. These aspects are predicted to fuel the water and wastewater treatment market growth.

Declined Demand for Wastewater Facilities Impeded Market Growth During COVID-19 Pandemic

The COVID-19 pandemic caused a major slowdown in investments in the water industry. The demand for wastewater treatment plants declined during this period as many large-scale industry verticals and commercial end-users were hesitant to invest in these technologies due to a severe financial crunch. Moreover, countries across the world introduced emergency measures and imposed various restrictions, such as lockdowns to prevent the spread of the virus. This factor further impacted the revenues of municipal water treatment authorities, thereby slowing the market growth.

Veolia Introduced the Sustainable AnoxKaldnes MBBR Technology 

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

Use of Combination of New and Conventional Treatments to Augment Market Progress

A growing percentage of leading players in the market are developing instruments that have an innovative blend of modern as well as traditional water treatment technologies. For example, in January 2022, tech behemoth Tesla introduced the ‘YogJal Prithvi’ purifier in the Indian market. This device was created using the RO + UV + UF + Copper Filter + Alkaline technology, and combines modern technology with conventional copper mineralization techniques. These developments are expected to fuel the water and wastewater treatment market share.

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

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

Key Players Emphasize Advancing Water Treatment Technologies to Stay Ahead

Veolia and Suez Environment are some of the well-renowned companies operating in the global market. These organizations are using sustainable and long-term growth strategies to build a diverse and robust product portfolio and hold a dominant share in the global market. Many other leading market players are collaborating with domestic players to offer innovative and reliable water and wastewater treatment services and solutions. They are also using Artificial Intelligence (AI), nanotechnology, and advanced diagnostics to remove various impurities in water resources and ensure a clean water supply to end-users across the world.

Notable Industry Development:

• January 2022 – Xylem partnered with water consultancy Isle Utilities to scale up the development of the breakthrough ‘Trial Reservoir’ water technology. The new technology will create a pool of funding for emerging companies and offer them the required capacity to commence trials with water utilities. Also, by eliminating the financial uncertainty, these budding startups can come together to better solve the water problems.

List of the Companies Profiled 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 Report Findings

• North America has accounted for a dominant market share and is expected to retain this position in the future as well. One of the major factors contributing to the region’s dominance is the growing demand for treated water from the pharmaceutical and beverage sectors in the U.S.


• The Europe market is anticipated to grow at a notable pace in the global market as the region is witnessing a commendable rise in the number of renovation projects to restore the existing water treatment plants and the related infrastructure.

Table of Segmentation