Overview and Scope
A wastewater treatment plant (WWTP) refers to a facility that receives and treats municipal and industrial wastewater to remove contaminants and convert them into effluent that can be safely discharged back into the environment or reused for several purposes. The primary purpose of these plants is to protect public health and the environment by converting wastewater into an acceptable quality.
Sizing and Forecast
The wastewater treatment plant market size has grown strongly in recent years. It will grow from $125.52 billion in 2023 to $134.46 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to rising investments in water infrastructure, growing industrialization and expanding industries, rising population and rapid urbanization, implementation of stringent environmental regulations, and global increase in water and sanitation PPPs (Public-Private Partnerships).
The wastewater treatment plant market size is expected to see strong growth in the next few years. It will grow to $169.34 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to increasing water pollution levels, strict regulations related to industrial emissions, increasing population and urbanization leading to higher demand for clean water, stringent government regulations on wastewater discharge, growing awareness about the need for water conservation and reuse. Major trends in the forecast period include technological advancements, adoption of decentralized and modular wastewater treatment systems, expansion of water reuse and recycling initiatives, biogas production in wastewater treatment plants, wastewater treatment 4.0.
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Segmentation & Regional Insights
The wastewater treatment plant market covered in this report is segmented –
1) By Type: Effluent, Sewage Treatment, Agriculture, Leachate
2) By Technology: Physical Treatment, Biological Treatment, Chemical Treatment, Electrochemical Treatment
3) By Process: Conventional Treatment, Advanced Treatment, Membrane Treatment, Hybrid Treatment
4) By End-Use Industries: Municipal Wastewater Treatment Plants, Industrial Wastewater Treatment Plants
Asia-Pacific was the largest region in the wastewater treatment plant market in 2023. It is expected to be the fastest-growing region in the forecast period. The regions covered in the wastewater treatment plant market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing levels of water pollution are expected to propel the growth of the wastewater treatment plant market going forward. Water pollution occurs when harmful substances contaminate water bodies, rendering them toxic to humans or the environment. Addressing water pollution demands global cooperation to confront this growing issue and develop solutions such as improved water monitoring and wastewater treatment. Wastewater treatment plants play a vital role in addressing water pollution by managing and treating wastewater to protect water quality and ensure sustainable water management practices. For instance, in 2022, according to the United Nations, a US-based intergovernmental organization, 2.2 billion people still did not have access to safely managed drinking water services, and 3.5 billion lacked access to safely managed sanitation services, representing an increase compared to the previous year. Therefore, the increasing levels of water pollution are driving the growth of the wastewater treatment plant market.
Key Industry Players
Major companies operating in the wastewater treatment plant market are Hitachi Ltd., Veolia Environnement S.A., Mitsubishi Chemical Aqua Solutions, Larsen & Toubro Limited, Nalco Water India Ltd., Kubota Corporation, Suez Environment S.A., Xylem Inc., Pentair PLC, ITT Corporation, Evoqua Water Technologies Corporation, Fluence Corporation, Thermax Ltd., Triveni Engineering & Industries Ltd., Doshion Veolia Water Solutions Pvt. Ltd., Kemisan Klor-Alkali A.S., Ion Exchange India Ltd., FilterBoxx Inc., Organica Water, Paramount Limited, Bioxica, GE Water And Process Technologies, TMW Technologies, VA Tech Wabag Ltd., ECOfluid Systems Inc., Aquatech International LLC, Danaher Corporation, Doosan Heavy Industries & Construction Co. Ltd., Kurita Water Industries Ltd., Toshiba Water Solutions Private Limited
The wastewater treatment plant market report table of contents includes:
1. Executive Summary
2. Wastewater Treatment Plant Market Characteristics
3. Wastewater Treatment Plant Market Trends And Strategies
4. Wastewater Treatment Plant Market – Macro Economic Scenario
5. Global Wastewater Treatment Plant Market Size and Growth
…
32. Global Wastewater Treatment Plant Market Competitive Benchmarking
33. Global Wastewater Treatment Plant Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Wastewater Treatment Plant Market
35. Wastewater Treatment Plant Market Future Outlook and Potential Analysis
36. Appendix
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