Municipal sector to Lead Wastewater Treatment Services Market through CAGR Forecast Report till 2028
Growing populations and expanding urbanization are driving the Global Wastewater Treatment Service Market.
According to TechSci Research report, “Wastewater Treatment Services Market - By Region,
Competition, Forecast & Opportunities, 2028”. The market for water and wastewater
treatment is expected to grow steadily over the coming years because of the
following factors, for instance, rapid population growth and urbanization,
strict water treatment regulations, growing demand for new water resources,
growing emphasis on public health and water quality, and rising incidence of
waterborne diseases.
In many nations, there is little or no information available on the current
amounts of wastewater that are produced, collected, treated, and reused at
various sizes. In an era when the world is starting to achieve the Sustainable
Development Goals (SDGs) set by the United Nations, such significant
information is crucial for sustainable development connected to water and
energy. The SDG 6.3 objective for wastewater aims to significantly improve
recycling and safe reuse globally while reducing the percentage of untreated
wastewater. The SDG 6.3 target is interconnected with many other SDGs and
targets, which can help in achieving their goals and targets and vice versa.
These include the need to increase international cooperation and
capacity-building support to developing countries in water and
sanitation-related activities and programs, to improve international
cooperation to make it easier for people to access clean energy research
and technology, and to encourage investment in energy infrastructure and clean
energy technology. Understanding the production of wastewater and the related
efforts to recycle it is crucial.
Browse over xx market data Figures spread through xx Pages and an in-depth TOC
on the "Wastewater Treatment
Services Market"
Few global studies have been conducted recently to determine wastewater volume estimate and generate future projections. For instance, Qadir et al. (2020) calculated that 380 billion m3 of wastewater are produced worldwide each year. The amount of daily wastewater produced is predicted to increase by 24% (470 billion m3) by the end of the SDG era in 2030 and by 51% (574 billion m3) by 2050 based on the rate of population expansion and urbanization. It should be emphasized that Asia produced the most wastewater of any global area, accounting for 42% (159 billion m3) of the total wastewater produced worldwide. The production of wastewater is anticipated to rise to 44% by 2030, necessitating intervention.
In a related research, Jones et al. (2020) calculated that 359.4 billion m3 of wastewater are produced globally each year, of which 63% (225.6 billion m3) are collected and 52% (188.1 billion m3) are treated. The amount of treated wastewater that is directly reused each year is projected to be 40.7 billion m3, or 11% of the total amount of wastewater produced. This shows that, sadly, almost 40% (171.3 billion million m3) of the wastewater is released into the environment untreated.
According to the report, high-income nations produce 42% of the world's
wastewater, which is nearly twice as much as low- and lower-middle-income
nations. Similar trends can be seen in the wastewater treatment and collection
percentages, with high-income nations collecting and treating most of their
waste (82% and 74%, respectively), whereas low-income nations only collect 9%
and treat 4% of their total waste production. For the elite and
lower-middle-class, as well as the low-income groups, wastewater treatment is
less than 50%. Regarding wastewater reuse, the percentage of treated
wastewater that can be recycled is greater in the upper medium-income group
(25%) and lower-middle-income group (25%) than it is in the high-income group
(19%), while the low-income groups can only recycle 8% of the treated
wastewater. IThe greatest rates of wastewater collection and treatment were
found to be in Western Europe and the lowest in Southern Asia. In Southern
Asia, where treatment rates were the lowest, there was little reuse of treated
wastewater. These findings indicate that although affluent countries produce more
wastewater, they also have the capacity to reuse wastewater.
Therefore, the underperformance of the Asian area, particularly the Southern
Asia region, in treating and recycling wastewater was underlined by both recent
studies. It should be emphasized that among the South Asian nations, where
India region is the second-highest population, produces the most wastewater
across the South Asian nations. Therefore, these studies indicate that the
market growth of wastewater treatment is expected to grow in the upcoming years
with a healthy CAGR.
Based on application, the Global Wastewater Treatment Services Market is
segmented into municipal and industrial. The municipal sector is anticipated to
hold the greatest market share for water and wastewater treatment in 2022. The
significant market share of this sector is related to the increased attention
being paid to better water quality and public health, the growth in water
treatment projects, particularly in Asian nations, and the deteriorating
infrastructure in industrialized nations. The expansion of this market is also
fueled by the rising environmental concerns and the number of strict laws and
regulations governing wastewater.
In terms of geography analysis, the Global Wastewater Treatment Services Market
is segmented into five major regions namely, North America, South America, the
Middle East & Africa, Asia- Pacific & Europe. Asia Pacific region is
expected to dominate the wastewater treatment market at the largest share in
the upcoming year. Rapid urbanization and population growth, increasing
residential water treatment demand, advances in membrane technology,
environmental deterioration, a shortage of water resources, and rising public
sector investments in water infrastructure are all factors contributing to the
region's high market growth.
Key market players in the Global Wastewater Treatment Services Market include:
Veolia
Environnement SA
Xylem Inc
Suez SA
Ecolab Inc
Evoqua Water
Technologies LLC
Pentair Plc
WOG
Technologies Private Limited
SWA Water Australia
PTY Limited
Aries
Chemical Inc
Aquatech
International LLC
Download Free Sample Report@
https://www.techsciresearch.com/sample-report.aspx?cid=2559
Customers can
also request for 10% free customization on this report.
“The analysis shows that the market of Global wastewater treatment is expected
to boost in the upcoming year. The Asia Pacific region is one of the leading
regions in the forecast period. For Instance, in the Asia-pacific region, India
is the sixth-largest market for environmental technology in the world, with the
second-largest market share in the water/wastewater management subsector. For
instance, The National Mission for Clean Ganga, Jal Jeevan Mission, and
Community Drinking Water Schemes are just a few of the government initiatives
that have contributed to the growth of the Indian water and wastewater
treatment business. Additionally, Lockdown-related supply chain disruptions
have had a negative impact on several businesses. However, it is anticipated
that disinfection procedures at wastewater treatment facilities would be
successful, particularly against coronavirus, which will increase demand for
wastewater treatment equipment.” Therefore, these factors are fuelling the
market growth of the Global
Wastewater Treatment Services Market in the upcoming years Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm said.
“Global Wastewater Treatment Services Market By Application (Municipal and Industrial {Manufacturing,
Pharmaceutical, Chemical, Pulp & Paper, Petrochemical, Semiconductor,
Others}), By Treatment Technologies (Membrane Separation, Reverse Osmosis
Membranes, Ultrafiltration Membranes, Micro-Filtration Membrane,
Nano-Filtration Membrane, Others), By Process (Primary Treatment, Secondary
Treatment, Tertiary Treatment), By Region, Competition, Forecast &
Opportunities, 2028”, has evaluated the future growth potential
of Global Wastewater Treatment Services Market and provides statistics and
information on market structure, size, share, and future growth. The report is
intended to provide cutting-edge market intelligence and help decision-makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities present in the Global Wastewater Treatment Services Market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
Website: https://www.techsciresearch.com
Comments
Post a Comment