Wastewater Treatment market Report 2024 by Delvens offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The global Wastewater Treatment market size was estimated at USD 313.1 billion in 2023 and is projected to reach USD 493 billion in 2030 at a CAGR of 13.1% during the forecast period 2023-2030.
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Wastewater treatment is an imperative measure required to satisfy the escalating demand for pure water resources. This demand is not restricted to municipal and agricultural purposes but extends to crucial industrial processes as well. Presently, more than 40% of the global population inhabits areas that suffer from severe water scarcity. Due to the fact that only about 1% of the water available on earth is fresh, countries encountering acute water shortage have been compelled to undertake treatment procedures aimed at converting seawater into freshwater through the desalination process.
The growth of the global Wastewater Treatment market is mainly driven by the escalation of competition which has stimulated crucial market players to enhance their water and wastewater treatment service networks. Major global enterprises are engaging in acquisition deals with regional counterparts to attain a formidable competitive advantage.
Delvens Industry Expert's Standpoint
The pandemic had a considerable impact on businesses globally, with nations like India and China bearing the brunt of the virus's outbreak. The market expansion of chemicals used in wastewater treatment is being driven by a significant factor, namely the growing concern about the depletion of freshwater resources. Governments worldwide are taking action to prevent and resolve such issues, and to improve the reusability of wastewater in the process.
Competitive Landscape
· 3M Company, Inc.
· Adroit Associates Private Limited
· Aquatech International LLC
· BASF SE
· Bio-Microbics, Inc.
· Burns & McDonnell
· Calgon Carbon Corporation
· Clean TeQ Water Limited
· DuPont
· Evoqua Water Technologies LLC
· GFL Environmental Inc.
· Golder Associates, Inc.
· Hindustan Dorr-Oliver Ltd
· Hitachi,Ltd
· Kemira Oyj
· Kingspan Group Plc
· Kurita Water Industries Ltd.
· Mott MacDonald
· Pentair plc and More
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Regional Analysis
North America to Dominate the Market
North America is estimated to account for the largest market share during the forecast period. This is attributable to the heavy demand for treated water from the beverages and pharmaceutical industries in the U.S.
Moreover, the demand for higher power generation to support the growth of industries in the region has boosted the demand for demineralized water, which has further accelerated the market growth.
Recent Developments
In April 2023, Veolia has been awarded the contract for the operation and maintenance of Turkey's first waste-to-energy plant, the largest in Europe, in Istanbul.
In January 2023, Xylem Inc. signed an agreement under which it acquired Evoqua, a leader in water treatment solutions and services, in an all-stock transaction.
Reasons to Acquire
· Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
· Gain authentic and granular data access for the Wastewater Treatment Market to understand the trends and the factors involved in changing market situations.
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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In addition to the market data for the Wastewater Treatment Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.
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