Wastewater Treatment Services Market | Key players operating in the market include Veolia, SUEZ, Xylem, Ecolab, Evoqua Water Technologies

According to recent market research "Wastewater Treatment Services Market by Type (Design & Engineering Consulting, Building & Installation, Operation & Process Control, Maintenance & Repair), End User (Municipal, Industrial), and Region - Global Forecast to 2024", The wastewater treatment services market size is projected to reach USD 65.1 billion by 2024, at a CAGR of 6.1% from USD 48.5 billion in 2019.

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The growth of the wastewater treatment services market is triggered primarily by the stringent regulatory and sustainability mandates for wastewater discharge at both municipal as well as industrial level. Various emission control acts and regulations have been legislated across most of the countries, worldwide to control the level of water pollution as well as to ensure the disposed solid and liquid wastes are less harmful to the environment. Numerous developing countries, such as Brazil, South Africa, India, China, and Saudi Arabia, have set five-year targets to reduce pollutant levels.

Growth in industrial wastewater is one of the major driving factors for the wastewater treatment services industry. The growing industrial wastewater in emerging markets such as China, Germany, Saudi Arabia, and India, is driving the adoption of wastewater treatment services such as design & engineering consulting, building & installation, and operation & process control services. The norms of pollution control boards existing in various countries ensure that the Environmental Performance Index of a nation is maintained. Concepts of circular economy and triple bottom line are crucial to ensure that the businesses that are currently operating remain sustainable, imbibing sustainability as a core value. All these factors are driving the wastewater treatment services market at the global level. Collectively, all these reasons will support the demand for wastewater treatment services in the coming years.

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The wastewater treatment services market size is projected to reach USD 65.1 billion by 2024 from USD 48.5 billion in 2019, at a CAGR of 6.1% between 2019 and 2024. Rising demand from municipal and industrial wastewater treatment is expected to support the wastewater treatment services market. Under the industrial segment, various end-use industries, namely chemical & pharmaceutical, oil & gas, food, paper & pulp, metal & mining, and power generation, are considered.

On the other hand, strict norms and Zero Liquid Discharge (ZLD) wastewater management strategy has created opportunities for manufacturers. Veolia (France), SUEZ (France), Xylem (US), Ecolab (India), and Evoqua Water Technologies (US) are the major players in this market.

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Xylem (US) is one of the leading companies in water technology which engages in the manufacturing and service of engineered solutions for water and wastewater applications. The company invests vigorously in mergers and acquisitions to expand its portfolio and regional presences across the globe. The company aims to expand its presence in the APAC region by targeting the market where the demand for wastewater treatment services is high.

SUEZ (France) is also a chief creator various wastewater treatment services such as sampling and production of drinking water, multi-disciplinary studies and engineering, customer relationship management, industrial water treatment, water storage and distribution, desalination, wastewater treatment and reuse, and sludge treatment and recovery. For instance, in April 2019, SUEZ announced that it would continue to develop its activity in Italy with a new contract to renovate and operate the Naples-North (Napoli Nord) wastewater treatment plant.

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