Global Wastewater Treatment Service Market: Key Highlights
Global Wastewater Treatment Service Market: Key Market Dynamics
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Global Wastewater Treatment Service Market: Regional Overview
North America is expected to hold major share in wastewater treatment service market during the forecasted period. Growing industrialization and rising awareness regarding various methods of wastewater treatment are some of the drivers expected to drive the growth. Additionally, the stringent regulations imposed by the government for releasing contaminated water to fresh water source will also boost the market growth.
Increasing pollution, increasing industrialization coupled with increasing population in developing countries is one of the major driving factor in the region. Wastewater treatment and reuse could relieve the pressure caused in water scare areas in the region. Governments and local at national and local levels are focusing to improve the wastewater treatment and reuse it from various industries. Thus, Asia-Pacific region is expected to witness sustainable growth during forecasted period.
Global Wastewater Treatment Service Market: Key Players Overview
Veolia is a global leader in optimized resource management. The company is active in three business segments namely water, waste, and energy management solutions. Veolia recorded consolidated revenue of USD 30.1 billion in 2018. The company has more than 1,17,000 employees across the globe. In 2018, Veolia launched AQUAVISTA Plant, a holistic digital solution which consists of a suite of intelligent software solutions for real-time optimization of process performance. This system is suitable for small and large municipal and industrial wastewater treatment plants.
SUEZ was incorporated in 1869 and is global leader in water and waste sector. The company provides solution for various industries such as food & beverage, chemical & pharmaceutical, construction, mining, and others. In 2018, SUEZ generated revenue of USD 18,991.22 million. In 2019, SUEZ completed a USD 9.5 million asset purchase and entered into agreement of the water and wastewater systems in MAHONING TOWNSHIP, Pennsylvania, expanding the company’s service into Montour county.
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