The global water and wastewater treatment market size was valued at USD 99,634.7 billion in 2021 and is poised to grow at a significant CAGR of 6.3% during the forecast period 2022-28. Rising global demand for food and beverage products is expected to boost demand for wastewater and water treatment solutions over the forecast period. Investments or funding from companies or organizations offers potential growth opportunities for water & wastewater treatment companies. Pollution/contamination of freshwater resources and increasing demand from industries are the significant factors driving the growth of the water and wastewater treatment market. Funding/investments for infrastructure development and urban water sanitation & water supply are providing opportunities to the water and wastewater treatment market. The high cost of water treatment solutions and stringent regulations for the adoption of treatment solutions are hampering the overall market.
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Municipal Waste Segment Dominates the Water and Wastewater Treatment Market:
Municipal waste had a higher revenue share in 2021 and was expected to expand at a CAGR of 6.2 percent from 2022 to 2028, reaching USD 90,156.2 Mn by 2028. The municipal waste segment is being driven by the increasing scarcity of potable water and the growing population. Significant growth factors for the water and wastewater treatment market are increased government environmental laws on the use of freshwater, fast advancements, increasing demand from industry, and contamination of freshwater.
Asia-Pacific Leads Water and Wastewater Treatment Market
In the next years, the Asia-Pacific water and wastewater treatment industry is expected to have a considerable market share in the global market. The market in the Asia-Pacific region is being driven by an expanding number of sectors with new technology and an increasing population. In the foreseeable future, Europe and North America are likely to offer profitable opportunities for water and wastewater treatment.
The global water and wastewater treatment market segmentation:
1) Treatment Type: Biological, Disinfection, Membrane Separation, Sludge Dewatering, and Others.
2) By End-user: Industrial Waste, Municipal Waste, and Others.
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Key player’s profiles in the water and wastewater treatment market report are General Electric., 3M, DuPont, Trojan Technologies Group ULC, Aquatech International LLC., Orenco Systems, BASF SE, Kurita Water Industries Ltd, BioMicrobics, Inc.
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