Wastewater Treatment Services Market Size, Share, Industry, Forecast and outlook (2024-2031)

Wastewater Treatment Services Market is Segmented By Service Type (Designing & Engineering Consult, Building & Installation Services, Operation & Process Control Maintenance Services, and Others). By End-User (Municipal, Industrial), By Industry (Chemical & Pharmaceutical, Food, Pulp & Paper, Oil & Gas, Metal & Mining, Power Generation, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2029

Wastewater Treatment Services Market Size, Demand Insights

The wastewater treatment services market size is estimated to reach USD million by 2029, growing at a CAGR of 8% during the forecast period (2023-2029).

Wastewater Treatment Services Market Scope and Summary

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Wastewater treatment is a systematic process used to remove contaminants from wastewater and convert it into clean water to be returned to the water cycle. On being returned to the water cycle, the effluent creates an acceptable impact on the environment or is reused for various purposes. The wastewater treatment process takes place in a wastewater treatment plant and several kinds of wastewater are treated at the correct type of wastewater treatment plant. The wastewater processing plant is called a sewage treatment plant for domestic, municipal wastewater, or sewage.

Industrial wastewater treatment either occurs in a separate plant attached to the same industrial factory or is located offsite. Other types of wastewater treatment plants include agricultural and leachate treatment plants. Processes commonly used include phase separation, biological and chemical processes, and polishing. The major by-product of wastewater treatment plants is sludge, usually treated in the same or another wastewater treatment plant. Some wastewater may be treated very well and then reused as reclaimed water. The main aim of wastewater treatment is for wastewater to be disposed of or reused safely.

Which region is leading the global Wastewater treatment services market?

Asia-Pacific is leading in the global wastewater treatment services market, and the North American wastewater treatment services market is projected to produce the highest market share in the global during the forecast period 2023-2029. The region accounts for the largest market share, primarily due to major emerging markets growing significantly and offering opportunities for various industries. The Asia-Pacific constitutes approximately 61.0% of the world’s population and the manufacturing and processing sectors are growing rapidly in the region.

Countries such as Bangladesh, India, China, Vietnam, Thailand, Indonesia, and Malaysia are experiencing rapid industrialization and urbanization. Developed countries such as Japan, South Korea, and Taiwan also have large chemical and pharmaceutical industries. Due to haphazard urbanization and underdeveloped infrastructure, many countries have massive water pollution problems. Therefore, the greatest demand for wastewater treatment services comes from this region. The Asia-Pacific will continue to have the largest market share in the wastewater treatment services market in the coming years.

The Asia pacific wastewater treatment services market is pushed by the growth of the speedy population and industrial enhancement over Central China, and Southeast Asia and narrowing rules around water procedure and discharge, the exposure of hard-to-treat method waters in electronic industries, food and beverages industries, and instability and lack of water sources over the Asia Pacific region. China and India are currently the markets with the maximum activity, and developing markets like Vietnam, Indonesia, and Thailand are projected to benefit from robust growth opportunities in the coming years. The wastewater treatment services market in China is expected to register a significant share in the global market in the Asia Pacific region.

Wastewater treatment is one of the largest significance in numerous economies such as Japan, China, India, Singapore, South Korea, etc. Hyflux's second, larger desalination facility in Singapore will provide the lowest-cost desalinated water in the world at 45 cents per cubic meter. It is made possible by advancements in membrane technology. The Tuaspring Desalination Plant's increased size compared to its predecessor and the location's 400-megawatt power plant integration. Furthermore, the government in Asia pacific regions is taking ingenuity to offer clean and pure water.

Wastewater Treatment Services Market Dynamics and Trends

The demand for the wastewater treatment services market is mainly driven by the Increasingly stringent environmental regulations for wastewater. It is the most important driver for the market. The high cost of wastewater treatment technologies is a critical factor in limiting the wastewater treatment services market growth.

Increasing stringent environmental regulations for wastewater

Rising urbanization and industrialization have led to unprecedented economic growth, especially in emerging countries. However, it has strained water resources and led to rising water pollution. Haphazard urbanization has left underdeveloped sewage systems that routinely discharge untreated waste straight into rivers. Industrial plants do not treat water before discharging it into water bodies.

Global governments have enforced strict norms against polluting naturally occurring water bodies and illegally discharging wastewater. In developing countries such as China, which is severely impacted by water pollution, special laws and regulations have been implemented to protect the population from the harmful effects caused by the discharge of wastewater. Concurrently, developed nations such as the U.S. have instituted stringent drinking, potable water, and wastewater laws, indicating strict penalties for violators. With such stringency maintained at the global level, it is evident that the nations have laid down strict regulations to curb rising water pollution and protect water sources. Therefore, improper discharge of wastewater effluents is dealt with with the utmost strictness, rendering factories non-compliant with regulations. The increasingly stringent environmental regulations for wastewater are the major drivers of wastewater treatment services.

High cost of wastewater treatment technologies

Wastewater is treated systematically in three stages: primary, secondary, and tertiary. Wastewater treatment services require specific scientific skills and engineering expertise. Wastewater treatment processes are also highly capital-intensive. A report by the Development Bank of Latin America (CAF) estimated that from 2010 to 2030, US$80 million would be spent on sewerage infrastructure and US$33 million on wastewater treatment. A few factors that can increase the cost of wastewater treatment are flow rates of effluent, the quality of water, the required degree of purity, and end-use.

A key factor in determining the cost of wastewater treatment systems is the chemical composition and the amount of effluent to be treated. It is extremely important to understand the types and concentrations of substances present and any variability in the composition of the effluent stream. As a general rule, the higher the number of contaminants, the higher the number of steps required in the water treatment process, and the higher the up-front cost. The high cost of wastewater treatment technologies is, therefore, a key challenge for the growth of this market.

COVID-19 impact on Wastewater Treatment Services Market Growth

The global wastewater treatment services market experienced uneven impacts on the value chain due to the COVID-19 pandemic. Municipal wastewater treatment went largely uninterrupted during the initial lockdown period in early 2020. However, industrial wastewater treatment was deeply affected due to lockdowns as almost all industrial plants temporarily shut down or scaled back operations to comply with government lockdown directives. Most industrial plants were back running in late 2020 and some overall improvement in the market was observed.

The short-term impact of the COVID-19 pandemic has been relatively mild for the market for wastewater treatment services. The pandemic will have a negligible effect on the medium to the long-term growth of the global market. The demand for wastewater treatment services remains strong and is expected to grow gradually in the coming years.

Wastewater Treatment Services Market Segment and Shares Analysis

The global wastewater treatment services market is segmented into service type, end-user, industry, and region. The market is segmented into municipal and industrial based on end-user.

Municipal is leading in the end-user segmentation of the market for wastewater treatment services. Municipal wastewater is the largest contributor to wastewater as the amount of sewage generated by urban and rural areas is far greater than wastewater discharged by industries.

Wastewater Treatment Services Companies and Competitive Landscape

Increasing pollution and lack of water are major elements driving the growth of the market in the North American region. Decreasing good quality and freshwater resources and increasing rules in discharging water are boosting the enhancement of the wastewater treatment services market in North America. Compared with other regions, like Asia Pacific, Europe, the Middle East, and South Africa, North America there have implemented strict guidelines and rules, which will also push the market demand in this region.

The global wastewater treatment services market is competitive due to the availability of treatment services offered by different companies. Some of the major players contributing to the growth in the segment are Veolia Group, Xylem Inc., Suez S.A., Ecolab Inc., Thermax Limited, Evoqua Water Technologies, Pentair, and Wog Technologies, Golder Associates, and Terrapure Environmental. The major players in the market adopt several strategies for growth, such as the launch of new services, expansion into new regions, and joint ventures and collaborations, contributing to global growth in the industry.

Veolia Group

Overview: Veolia Group is a transnational company with main interests in waste management, water management, and energy services. It operates in 48 countries globally, providing consulting, management, and engineering services. The company was founded in 1853 and is headquartered in Paris, France.

Product Portfolio

Veolia Solutions is the company’s flagship wastewater management service. It combines engineering and technological expertise while ensuring regulatory compliance. The process involves thermal, chemical, and biological treatments of wastewater, recovery, and the reuse of treated wastewater.

Key Developments: In 2020, Veolia Group acquired 30% capital shares of Suez S.A. The acquisition was made to enhance the company’s presence and offerings in the French market.

Frequently Asked Questions

What is the Projected CAGR value of the Wastewater Treatment Services Market?

The Wastewater Treatment Services Market is expected to grow at a high CAGR of 8% during 2023-2029.

Which region controlled the global market during 2023-2029?

North America region Controls the Wastewater Treatment Services Market during 2023-2029.

Which is the fastest-growing region in the Wastewater Treatment Services Market?

Among all regions, Asia Pacific is the fastest-growing market share during the forecast period.