Meticulous Research®—a leading global market research company, published a report titled,‘Water and Wastewater Treatment Technologies Market, by Type (Membrane Separation & Filtration, Sludge Management Technology, Activated Sludge), Application (Municipal, Residential, Industrial), and Geography—Global Forecasts to 2029.’
The water and wastewater treatment technologies market is expected to reach $128.78 billion by 2029, at a CAGR of 5.4% during the forecast period 2022–2029. The growth of this market is attributed to rapidly diminishing freshwater resources and the growing need for water reclamation and reusable technologies. However, the lack of awareness of using water treatment techniques appropriately and the high cost of wastewater treatment technologies are hindering the growth of this market. In addition, the growing demand for energy-efficient and advanced water treatment technologies is expected to create significant growth opportunities for the players operating in this market. However, the aging and deterioration of existing water infrastructure is a major challenge to the growth of this market.
The water and wastewater treatment technologies market is segmented by type, application, and geography. The study also evaluates industry competitors and analyses the regional and country-level markets.
Based on type, the water and wastewater treatment technologies market is segmented into membrane separation & filtration, sludge management technology, activated sludge, activated carbon technology, clarification, chlorination, industrial demineralization, membrane bioreactor (MBR), UV & ozone, dissolved air flotation, electrochemical scale treatment systems, electrochemical water treatment technology, and other treatment technologies. The membrane separation & filtration technology segment is further segmented into reverse osmosis (RO) membranes, ultrafiltration (UF) membranes, microfiltration (MF) membranes, nanofiltration (NF) membranes, and other filtration technologies. In 2022, the membrane separation & filtration segment is expected to account for the largest share of the water and wastewater treatment technologies market. The growth of this segment is attributed to the growing emphasis on reducing the usage of chemicals in water treatment, rising demand for low energy-consuming water treatment processes, low installation, energy costs, and easy accessibility.
Based on application, the water and wastewater treatment technologies market is segmented into municipal, residential, and industrial. The industrial application segment is further segmented into food & beverages, pharmaceuticals & chemicals, power generation, pulp & paper, oil & gas, mining, petrochemical, electronics & semiconductors, and other industrial applications. In 2022, the municipal segment is estimated to account for the largest share of the water and wastewater treatment technologies market. The growth of this segment is attributed to the rising scarcity of potable water, coupled with the growing population and increasing clean water demand.
Based on geography, in 2022, the Asia-Pacific region is expected to account for the largest share of the water and wastewater treatment technologies market. The large share of this regional market is attributed to rapid growth in population and urbanization, increased environmental deterioration, increased demand for water treatment technologies to provide clean and potable water, and the increasing number of investments in water infrastructure by public sector organizations in the region.
The key players operating in the water and wastewater treatment technologies market are Suez S.A. (France), Veolia Environment SA. (France), Xylem Inc. (U.S.), DuPont de Nemours, Inc. (U.S.), 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), BioMicrobics, Inc. (U.S.), Calgon Carbon Corporation (U.S.), Trojan Technologies Inc. (Canada), Thermax Limited (India), WOG Group (India), SWA Water Technologies PTY LTD. (Australia), Burns & McDonnell (U.S.), Adroit Associates Private Limited (India), Sauber Environmental Solutions Pvt. Ltd. (India), and Clean TeQ Water Limited (Australia).
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