Wastewater Treatment Services Market to reach 97.18 Billion USD by 2022: Veolia, SUEZ, Xylem, Evoqua Water Technologies and Thermax are Major Players

Wastewater Treatment Services Market is projected to reach USD 97.18 Billion by 2022, at a CAGR of 5.3% from 2017 to 2022. This growth can be attributed to the increased demand for wastewater treatment services from municipal and industrial facilities. Increasing population, expanding manufacturing sector, and rising regulatory requirements are key factors projected to drive the growth of the wastewater treatment services market. Key players operating in the wastewater treatment services market include Veolia Water Technologies (France), SUEZ (France), Xylem (US), Evoqua Water Technologies (US), Thermax (India), Ecolab (India), and W.O.G. Group (US).

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Wastewater treatment encompasses various mechanisms and processes involved in the treatment of wastewater generated from various industries. Water is the basic necessity for both households and industries. Wastewater generated from residences and industries is not fit for consumption or disposal, as it contains harmful impurities. Thus, the treatment of wastewater is essential to prevent the contamination of waterways. Wastewater is treated in 3 stages, namely, primary, secondary, and tertiary. Moreover, wastewater treatment service providers play a vital role in wastewater recycling and safe disposal of industrial wastewater.

Wastewater treatment services are used to manage various wastewater treatment operations that range from design to maintenance of wastewater treatment plants.

Contracts & agreements, expansions, partnerships & collaborations, and mergers & acquisitions are key strategies adopted by major players to enhance their presence and increase their market shares in the wastewater treatment services market. The mergers & acquisitions strategy accounted for a major share of all development strategies adopted by leading players between 2014 and 2017.

Veolia Water Technologies is one of the key players in the wastewater treatment services market. The company provides wastewater treatment services and wastewater recovery services for local authorities and industrial customers. It mainly operates through 3 business segments, namely, water, energy, and waste. The company owns 6 water treatment plants, 19 wastewater treatment plants, and 1 advanced water treatment (recycling) plant. It also provides wastewater treatment services through its water business segment. Wastewater treatment services offered by the company involve the treatment of surface water, brackish or seawater, groundwater, and wastewater sludge. The company manages 4,245 water production plants and 3,303 wastewater treatment plants across 5 continents worldwide.

SUEZ (France) offers various water & wastewater treatment services, such as sampling and production of drinking water, multidisciplinary studies and engineering, customer relationship management, industrial water treatment, water storage and distribution, desalination, wastewater treatment and reuse, and sludge treatment and recovery. The company is also involved in waste management activities that include waste collection and urban sanitation, waste recovery and disposal, treatment and recovery of complex waste, treatment of hazardous waste, recovery and disposal of non-hazardous waste, waste storage, and decontamination.

Asia Pacific accounted for the largest share of the wastewater treatment services market in 2016. This large share can be attributed to the increased demand for industrial wastewater treatment services in emerging countries, such as India, China, Indonesia, and Thailand.

Objectives of the Study:
• To define, segment, and forecast the wastewater treatment services market on the basis of type, end user, and region
• To analyze the market segmentation and project the market size, in terms of value, for key regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa as well as key countries in each of these regions
• To provide detailed information regarding major factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the wastewater treatment services market
• To analyze competitive developments such as partnerships & collaborations, contracts & agreements, mergers & acquisitions, and expansions in the wastewater treatment services market

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