Wastewater Treatment Service Global Market Analysis 2024: Key Growth Drivers and Forecast

Overview and Scope
Wastewater treatment is the process of removing dirt and impurities from wastewater to safely dispose of back into the environment or reuse. Wastewater treatment services include several physical, biological, and chemical techniques that reduce or alter the toxic compounds found in wastewater.

Sizing and Forecast
The wastewater treatment service market size has grown strongly in recent years. It will grow from $64.55 billion in 2023 to $68.58 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%.  The  growth in the historic period can be attributed to stringent environmental regulations, urbanization and industrialization, increasing water scarcity, public awareness and corporate responsibility, economic development.

The wastewater treatment service market size is expected to see strong growth in the next few years. It will grow to $84.29 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%.  The growth in the forecast period can be attributed to continued regulatory pressures, water reuse initiatives, increased emphasis on circular economy, growing corporate sustainability goals, population growth and urbanization trends. Major trends in the forecast period include technological advancements, rapid technological innovations, circular economy practices, decentralized wastewater treatment, energy efficiency and sustainability, public-private partnerships (ppps).

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Segmentation & Regional Insights
The wastewater treatment service market covered in this report is segmented –

1) By Service: Designing And Engineering Consult, Building And Installation Services, Operation And Process Control, Maintenance Service, Other Services
2) By Application: Chemical And Pharmaceutical, Oil And Gas, Food, Pulp And Paper, Metal And Mining, Power Generation, Other Applications
3) By End-User: Municipal, Industrial

North America was the largest region in the wastewater treatment service market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global wastewater treatment service market report during the forecast period. The regions covered in the wastewater treatment service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The increasing environmental regulation is expected to propel the growth of the wastewater treatment service market going forward. Environmental regulations include any legislation, rule, regulation, or permission relevant to the environment, human well-being, or safety that is currently in effect or will be implemented in the future. Environmental regulation mandates wastewater treatment to safeguard public health and the environment. For instance, in October 2022, the European Commission revised Directive 98/15/EC which aims to reduce pollution, energy use, and greenhouse gas emissions and improve water quality by addressing urban wastewater pollution and requiring EU countries to monitor pathogens in wastewater. Therefore, increased environmental regulation is driving the growth of the wastewater treatment service market.

Key Industry Players
Major companies operating in the wastewater treatment service market report are Buckman Laboratories International Inc., Innospec Inc., Enviro Systems Inc., Veolia Water Technologies, Suez SA, Xylem Inc., Evoqua Water Technologies LLC, Thermax Limited, Wog Group, Ecolab Inc., Feralco AB, SWA Water Australia, Cortec Corporation, Golder Associates Inc., Aquatech International LLC, Danaher Corporation, Dow Water & Process Solutions, DuPont de Nemours Inc., Ebara Corporation, EcoWater Systems LLC, EnviroChemie GmbH, GE Water & Process Technologies, Kurita Water Industries Ltd., Lenntech B.V., Nalco Water LLC, Orenco Systems Inc., Pall Corporation, Parkson Corporation, RWL Water LLc

The wastewater treatment service  market report table of contents includes:

1. Executive Summary
2. Wastewater Treatment Service Market Characteristics
3. Wastewater Treatment Service Market Trends And Strategies
4. Wastewater Treatment Service Market – Macro Economic Scenario
5. Global Wastewater Treatment Service Market Size and Growth
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31. Global Wastewater Treatment Service Market Competitive Benchmarking
32. Global Wastewater Treatment Service Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Wastewater Treatment Service Market
34. Wastewater Treatment Service Market Future Outlook and Potential Analysis
35. Appendix

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