Meticulous Research®—a leading global market research company, published a research report titled, ‘Industrial Wastewater Treatment Market by Offering (Treatment Technologies, Treatment Chemicals, Process Control & Automation, Design, Engineering, and Construction Services, Operation & Maintenance Services), Application—Global Forecast to 2029’.
According to this latest publication from Meticulous Research®, the global industrial wastewater treatment market is expected to reach $174.9 billion by 2029, at a CAGR of 5.8%% from 2022 to 2029.
The industrial wastewater treatment market is driven by stringent water treatment regulations, a lack of freshwater resources, and the increasing prevalence of waterborne diseases. Furthermore, the growing demand for energy-efficient and advanced water treatment technologies and increasing demand for wastewater recycling, reuse, & biogas generation are expected to create significant opportunities for the players operating in this market. However, the high installation, maintenance, and operational costs are expected to restrain this market's growth to a certain extent. The aging of existing water infrastructure is one of the major challenges to the growth of the industrial wastewater treatment market.
To provide efficient analysis, Meticulous Research® has segmented this market by offering (operation & maintenance services, process control & automation, design, engineering, and construction services, treatment technologies, and treatment chemicals), application (food & beverage, pharmaceutical & chemical, power generation, pulp & paper, oil & gas, mining, petrochemical, semiconductors, other industrial applications), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes regional and country-level markets.
Based on offering, in 2022, the operation & maintenance services segment is expected to account for the largest share of the industrial wastewater treatment market. The large market share of this segment is attributed to the growing complexities of water and wastewater treatment facilities, the increasing need for operational excellence, the rising number of investments in maintenance operations, the increasing adoption of innovative & advanced solutions, stringent regulatory requirements, and the growing focus on achieving cost & energy-saving targets.
Based on application, in 2022, the food & beverage segment is expected to account for the largest share of the industrial wastewater treatment market. The large market share of this segment is attributed to the high consumption of water in food processing as well as an integral component of the final product; high concentration of organic and inorganic substances; strict purification standards for the water & wastewater treatment technologies for the F&B industry; and increasing demand of energy-efficient technology and energy recovery from the wastewater in the form of biogas.
Based on geography, the industrial wastewater treatment market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Asia-Pacific is expected to account for the largest share of the industrial wastewater treatment market. The growth of this regional market is driven by the rising demand for sustainable and advanced solutions due to significant water stress and environmental pollution.
The key players operating in the industrial wastewater treatment market are Suez Environnement S.A. (France), Veolia Environnement S.A. (France), Xylem, Inc. (U.S.), DuPont de Nemours, Inc. (U.S.), 3M Company, Inc. (U.S.), Pentair plc (U.K.), United Utilities Group PLC (U.K.), Kingspan Group Plc (U.K.), The Dow Chemical Company (U.S.), BASF SE (Germany), Kurita Water Industries Ltd. (Japan), Bio-Microbics, Inc. (U.S.), Calgon Carbon Corporation (U.S.), Trojan Technologies Inc. (Canada), Kemira Oyj (Finland), Thermax Limited (India), Wog Technologies (India), Golder Associates, Inc. (Canada), SWA Water Technologies PTY LTD. (Australia), Burns & McDonnell (U.S.), Adroit Associates Private Limited (India), Sauber Environmental Solutions Pvt. Ltd. (India), SPEC Limited (India), Ecolab, Inc. (U.S.), GFL Environmental Inc. (U.S.), and Clean TeQ Water Limited (Australia).
Key questions answered in the report-
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