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The Packaged Wastewater Treatment by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Packaged Wastewater Treatment, The packaged wastewater treatment market size has grown rapidly in recent years. It will grow from $23.58 billion in 2023 to $26.35 billion in 2024 at a compound annual growth rate (CAGR) of 11.7%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increasing industrialization, growing rate of water reuse and increasing government support.
The packaged wastewater treatment market size is expected to see rapid growth in the next few years. It will grow to $41.26 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%. The growth in the forecast period can be attributed to rising scarcity of water, increasing demand for clean water, increasing water consumption and rising global population. Major trends in the forecast period include focus on offering innovative treatment technology to provide reliable services to customers and strengthen market, focus on product launches to expand their product portfolio and drive revenues, focus on offering iot (internet of things) to provide reliable services to customers and strengthen market, focus on innovative digital solutions to provide digital services, and focus on increasing investments to expand product portfolio and drive revenues.
The increasing levels of water pollution and scarcity of clean water are expected to propel the packaged wastewater treatment market’s growth going forward. The packaged wastewater treatment process removes contaminants, microorganisms, and other types of pollutants from influents and increases the level of clean water supply. For instance, in 2021, according to a report published by the United Nations-Water, an international organization working on water and sanitation, more than 80% of wastewater is released to the environment without adequate treatment, and in the United States, wastewater treatment facilities process about 34 billion gallons of wastewater per day. Therefore, the increasing levels of water pollution and scarcity of clean water will drive the growth of the packaged wastewater treatment market.
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The packaged wastewater treatment market covered in this report is segmented –
1) By Technology: Extended Aeration, Moving Bed Biofilm Reactor (MBBR), Reverse Osmosis (RO), Membrane Bioreactor (MBR), Sequential Batch Reactor (SBR), Membrane Aerated Biofilm Reactor (MABR), Other Technologies
2) By Application: Industrial, Municipal
Technological advancements are a key trend gaining popularity in the packaged wastewater treatment market. Major companies operating in the packaged wastewater treatment market are focused on developing new technological solutions to strengthen their position. For instance, in May 2022, Evonik Industries, a German-based specialty chemicals company, opened a new Zero Liquid Discharge (ZLD) plant at its facility in Dombivli, India. ZLD purifies and recycles the wastewater at the end of an industrial process, leaving little to no effluent remaining when it is completed. This means not only more efficient water use but also a significant reduction in the amount of waste liquid. In addition, the processing leads to the production of 15-20 metric tons of sodium sulfate and certain mixed salts, which can be resold as commercial products.
The packaged wastewater treatment market report table of contents includes:
1. Executive Summary
2. Packaged Wastewater Treatment Market Characteristics
3. Packaged Wastewater Treatment Market Trends And Strategies
4.Packaged Wastewater Treatment market analysis
5.Packaged Wastewater Treatment Market Size And Growth
6. Packaged Wastewater Treatmen tSegmentation
7. Packaged Wastewater Treatment Regional And Country Analysis
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27. Packaged Wastewater Treatment Competitive Landscape And Company Profiles
28. Packaged Wastewater Treatment Key Mergers And Acquisitions
29.Packaged Wastewater Treatment Future Outlook and Potential Analysis
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