The Global Wastewater Treatment Service Market is projected to reach a value of over USD 67.1 billion by 2027 at a CAGR of around 5.8%.
Wastewater treatment is a process of treating wastewater to improve the quality of water making it more acceptable for end users. Wastewater management and poor sanitation in developing countries has leads to the contamination of freshwater sources. This is one of the major cause of diseases and deaths, also it affects the health of eco-systems. According to United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), 80% to 90% of all wastewater generated in developing countries are discharged directly into surface water bodies without any treatment, resulting into contamination of water. Thus, wastewater treatment service helps in purification of wastewater making it useful for end-users.
Market Drivers:
Water pollution and scarcity of water has increased the need for treating wastewater. According to UN Water, over two billion people in various countries across the globe are facing high water stress. Thus, absence or availability of water resources has resulted to reuse of water. However, government is taking initiatives to restrict the release of contaminated water into fresh water sources. The government regulations are more stringent in North America and Europe. For instance, in 2018 Environmental Protection Agency (EPA), evaluated changes to its national pollutant discharge elimination system (NPDES) regulations to establish a transparent and lasting framework to permitting peak flow management options.
Zero Liquid Discharge (ZLD) is a process designed for treating liquid waste from the system. It focuses to reduce wastewater economically and produce clean water suitable for reuse thereby saving money and being beneficial to the environment. ZLD process is carried out without leaving zero liquid discharge at the end of the treatment cycle. Reduced cost, optimized industrial water cycles, consistent water supply & quality, reduced dependence and use of municipal water sources, and sustainability are benefits offered by the ZLD wastewater treatment. Thus, owing to the benefits offered by the technique initiatives are been made to use Zero Liquid Discharge (ZLD) in organization which is expected to drive the market growth.
Market Restraint:
Wastewater treatment technologies are highly complex, custom solution, and several other factors Equipment used for setting up wastewater treatment system such as ultrafiltration systems, reverse osmosis systems, Paper bed filters, vacuum filter, and others are complex in installing and cost associated with them are high. These systems are used in various industries such as chemical, food & beverage, and others for purification of waste water from various different process which involves critical wastewater treatment rising the cost of treatment. Thus, higher cost incurred in wastewater treatment technology may hinder the growth of market.
The report on the wastewater treatment service market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
|
Report Features |
Specifics |
|---|---|
|
Historical/Estimated/Forecasted Market Size Years |
2018-2027 |
|
Base Year for Market Calculation |
2019 |
|
Forecasted Period |
2020-2027 (2020 estimated year, forecasted up to 2027) |
|
Measured Units |
Value (USD Million) |
|
Segments Included |
Service Type, End-users, and Region |
|
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South Africa |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Wastewater Treatment Service Market, by Service Type
Wastewater Treatment Service Market, by End-User
Wastewater Treatment Service Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE WASTEWATER TREATMENT SERVICE MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY
