The global water and wastewater treatment market size was valued at USD 323.32 billion in 2023 and is projected to grow from USD 346.41 billion in 2024 to USD 617.81 billion by 2032, exhibiting a CAGR of 7.5% during the forecast period. This information is presented by Fortune Business Insights, in its report, titled, “Water and Wastewater Treatment Market, 2025-2032.” The demand for water and wastewater treatment technologies is rising across the globe due to large-scale urbanization and rapid industrialization. Since more people are moving to urban areas, the demand for clean water is growing at a notable pace every year.
Similarly, more manufacturing plants are being set up to cater to the rising lifestyle demands of people living in the cities. This factor has led to a worrying rise in the volume of wastewater being generated from these plants each year. Many countries across the world are also facing severe water shortages, compelling the authorities to use wastewater treatment solutions to convert seawater into drinkable water with the help of the desalination process. These factors are expected to augment the water and wastewater treatment market growth.
Get a Free Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/sample/water-and-wastewater-treatment-market-102632
Segmentation:
Rising Focus on Establishment of New Treatment Plants to Boost Demand for Water Treatment Services
Based on segment, the market is classified into chemicals, equipment, and services. The services segment is anticipated to record a strong growth rate during the forecast period as more companies are focusing on building new water and wastewater treatment plants while renovating the existing facilities.
Municipal Establishments to Increase Dependence on Wastewater Treatment Facilities to Supply Clean Agriculture Water
Based on application, the market is bifurcated into municipal and industrial. The municipal segment is expected to hold a dominant water and wastewater market share as more than 30% of the global water supply goes to the agriculture sector. This will automatically increase the demand for clean water to help farmers keep their fields healthy.
With respect to region, the market covers North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
List of Key Players Mentioned in the Water and Wastewater Treatment Market 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.)
Drivers and Restraints:
Strict Guidelines on Waste Treatment to Encourage Water and Wastewater Treatment Market Growth
With technological progressions in production techniques, the quantity of wastewater produced has increased abruptly in the recent years. Sewage from corporations and factories processing chemicals, rare metals, pesticides and other dangerous chemicals and materials are harmful to the environment and are likely to trigger tragic impacts if not sufficiently treated prior to releasing in freshwater resources.
Speak to Our Expert:
