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The Global Wastewater Treatment Service Market size is estimated to grow by USD 2,2626.22 million between 2022 and 2027 exhibiting a CAGR of 6.67%. Various factors driving the market growth include rapid industrialization, stringent guidelines in the country pushing for new or upgrading existing in-factory, and centralized wastewater treatment facilities. Additionally, the growing demand for reclaimed water such as irrigation essential for household and domestic purposes is constantly boosting the market growth. Furthermore, the use of membrane technologies and the integration of IoT and AI for the proper treatment of the plant is expected to propel the market growth.
This wastewater treatment service market research report extensively covers market segmentation by End-user (chemical and pharmaceutical, food pulp and paper, oil and gas, metals, and mining, and others), Type (design and engineering consultation, building and installation services, operation and process control, and maintenance services), and geography (North America, APAC, Europe, Middle East and Africa, and South America.) It also includes an in-depth analysis of drivers, trends, and challenges.
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Municipal water surveillance has expanded in the region since 2020 as a result of the COVID-19 pandemic. Wastewater testing can be used to monitor community-level changes in SARS-CoV-2 infections. The National Wastewater Surveillance System (NWSS) was established by the Centers for Disease Control and Prevention (CDC) in September 2020 to coordinate wastewater surveillance programs run by state, tribal, local, and territorial health departments in support of the COVID-19 pandemic response. Formerly, there was no national wastewater surveillance program in place in the US. The NWSS consists of 37 states, four cities, and two territories as of August 2021. Thus, the growing activities related to wastewater treatment will lead to the deployment of wastewater treatment equipment.
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The transformation of society's economic and social structure from an agrarian-based society to an industrial society is increasing the standard of living and production of goods, resulting in a rise in water consumption. Industrialization is also causing the population to migrate from rural to urban areas and creating economic advances in emerging nations. As a result, the global urban population has increased from 51.6% in 2010 to 55.7% in 2019, leading to higher industrial activity through the addition and expansion of industries.
Various industries such as construction, food and beverage, oil and gas, power, mining, refineries, steel manufacturing, electronics, and pharmaceuticals are contaminating water resources through their processes. This contamination is causing an increase in wastewater generation and stress on fulfilling water demand. Consequently, government agencies are promoting water conservation, which requires industries to reuse water and install wastewater treatment services. Therefore, rapid industrialization will drive the global wastewater treatment service market during the forecast period.
The growth of the global wastewater treatment service will see a major trend toward implementing artificial intelligence (AI) and IoT-based technologies. Digital technology will accumulate the necessary data to properly treat the plant, increasing its effectiveness and reducing water wastage. Digitalization will optimize plant operation and reduce the overuse of chemical treatment. In the past, organizations operating wastewater management processes relied on Supervisory Control and Data Acquisition (SCADA) systems to monitor water processing and redistribution systems. However, the practical limitations of installing SCADA systems have restricted their use. As the number of connected devices continues to grow, the wastewater industry is employing IoT sensors to monitor chemical leaks and water levels and regulate water flows.
Rockwell Automation water wastewater, solutions and services, and advanced analytics, Eastern Municipal Water District (EMWD) piloted an AI-enabled control system at its California facility, which treats 7 million gallons of water a day. Wastewater treatment facilities install smart sensors at different points in their water management system to collect data on temperature variations, water quality, water, and chemical leaks, and pressure changes. This data is sent to a web application that synthesizes the information into actionable insights.
Maintaining and installing wastewater treatment solutions is highly complex and customized, making it difficult to manage. The operation cost, including maintenance, personnel, energy, and disposal costs, can account for up to 50% of the total annual costs. Treating wastewater can cost anywhere from USD 500,000 to USD 1.5 million at 150,000 Gallons Per Day (GPD), which includes equipment, engineering, design, installation, and startup. However, low-income companies in developing countries like India cannot afford such high costs for wastewater treatment technologies at their source points. These factors will impede the market's growth during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Wastewater Treatment Service Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Cortec Corp.- The company offers vapor phase corrosion inhibitors and migrating corrosion inhibitors. The key offerings of the company include wastewater treatment services.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The chemical and pharmaceutical segment was valued at USD 14,088.88 million in 2017 and continued to grow until 2021. As the pharmaceutical industry advances, environmental pollution has increased over the past decade due to the generation of various types of pharmaceutical wastewater from different production scales and processes. It is difficult to biodegrade toxicity according to strict government standards. Therefore, the treatment of pharmaceutical wastewater is highly essential, which is expected to drive the segment during the forecast period. Water is the most important and highly used necessity in any food processing plant. The characteristics and volume of wastewater vary with products and manufacturing procedures. Huge demand for water treatment services is expected for pulp and paper applications during the forecast period, which is expected to drive the growth of the global wastewater treatment service market. Large volumes of wastewater are generated in the oil and gas industry, and the generation of wastewater will increase during the forecast period. The oil and gas operators recycle and reuse wastewater to replace or supplement the usage of natural sources of water in their process, reducing discharges, minimizing underground injection of wastewater, and conserving water resources. This is expected to drive the segment and, in turn, the market to focus during the forecast period.
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Design and engineering consultation of wastewater treatment service include: Environmental Studies - Energy Information Administration (EIA), Environment Management, and Compliance. Building and installation services include the design and building of wastewater treatment equipment. Operation and process control is an important part of wastewater treatment plants which is important for a plant to work at optimum conditions because it enhances the lifetime of a plant and reduces unit product cost. All the sub-segments are propelling the market growth.
APAC is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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APAC is estimated to contribute 36% to the growth of the global water and wastewater treatment service market during the forecast period. Another region offering significant growth opportunities to vendors is North America. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
In 2022, the US and Canada were the major contributing countries to the market in North America. This is due to factors like the presence of stringent water purification regulations, and the presence of large industrial infrastructure in the power generation, oil and gas, mining, chemical, and pulp and paper industries in the US. Moreover, a rising need for sustainable practices for greater water reuse, which will help conserve the environment will also fuel the regional water and wastewater treatment service market during the forecast period.
Additionally, there are serious water shortages in states such as California, Arizona, Texas, and Georgia in the US. Hence, the increased water reuse rate is one of the major reasons for the increased demand for water treatment in the US. Furthermore, many end-user industries are also adopting strategic plans to ensure water security for their businesses, communities, and nature everywhere. For instance, Coca-Cola is focusing on achieving 100% use of regenerative water for its bottling operations in water-stressed locations by reducing, reusing, and recycling. Such initiatives taken by end-users to deal with water scarcity will increase the use of treatment equipment, thereby, boosting the regional water and wastewater treatment service market growth during the forecast period.
The wastewater treatment service market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Wastewater Treatment Service Market Scope |
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Report Coverage |
Details |
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Page number |
177 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.67% |
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Market growth 2023-2027 |
USD 2,2626.22 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
5.81 |
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Regional analysis |
North America, APAC, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 36% |
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Key countries |
US, China, Japan, France, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Apex Co. LLC., Aries Chemical Inc., Cortec Corp., Eckstine Electric Co., Ecolab Inc., EVOQUA WATER TECHNOLOGIES CORP., Feralco AB, Hydrite Chemical Co., Italmatch Chemicals Spa, Rockwell Automation Inc., Skanska AB, Solenis LLC, SUEZ SA, The York Water Co., Thermax Ltd., Veolia Environment SA, WABAG Group, WOG Group, WSP Global Inc., and Xylem Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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