According to Fortune Business Insights 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.
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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)
- American Water (U.S.)
- Acciona (Spain)
- Hydro International (U.K.)
- Aquatech International LLC (U.S.)
- Trojan Technologies (Canada)
- BioMicrobics Inc. (U.S.)
- Kurita Water Industries Ltd. (Japan)
- ASIO (Czech Republic)
Report Coverage:
The report offers treasured perceptions attained by detailed review done by our analysts. An all-encompassing research was directed to offer the assessed size and share of the water and wastewater treatment market. The data gained and applied to estimate the shares for manifold sections at all levels such as global, national, and regional is acquired from detailed interviews with various stakeholders. Moreover, we have obtained admission to numerous global and regional paid records to provide detailed information to make business investment conclusions simple for our clients and shareholders.
Water and Wastewater Treatment Market 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.
Drivers and Restraints:
Imposition of Strict Rules for Effluent Treatment to Boost Market Growth
While production processes are undergoing a wide range of technological innovations to improve their overall efficiency and performance, the volume of wastewater generation increased by many folds over the years. The effluents released by companies that process rare metals, pesticides, chemicals, and other harmful materials pose severe environmental risks. This is why many reputed government agencies have released protocols and guidelines that place a limit on the number of effluents in industrial water before it is released into freshwater bodies. Such initiatives will drive the water and wastewater treatment market share.
Regional Insights:
North America to Dominate Market Due to Growing Demand for Treated Water from Industries
North America holds a dominant position in the global market as the region is witnessing heavy demand for treated water from the pharmaceutical and beverage industries. Also, the demand for a constant energy supply to keep industries running has accelerated the need for demineralized water, thereby boosting regional market growth.
The Asia Pacific market is predicted to surpass North America in some years as countries, such as India, China, and Southeast Asia are increasing their investments in sanitation solutions to improve the water quality.
Industry Development:
- March 2023: Aquatech International partnered with Fluid Technology Solutions to develop advanced solutions for brine concentration, separation, and water reuse.
- January 2023: Xylem Inc. announced the acquisition of Evoqua in a USD 7.5 billion all-stock deal, aiming to offer a broader range of advanced water treatment solutions by combining their respective strengths.
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