Water and Wastewater Treatment Market to reach USD 465.23 billion and exhibiting a CAGR of 7.3% by 2028 | Water and Wastewater Treatment Industry Research Report by 2021-2028

The global water and wastewater treatment market size is expected to gain momentum by reaching USD 465.23 billion by 2028 while exhibiting a CAGR of 7.3% between 2021 and 2028. This information is published by Fortune Business Insights in its report, titled "Water and Wastewater Treatment Market, 2021-2028." The report further observes that the market stood at USD 263.07 billion in 2020. The increasing focus on adopting novel treatment techniques while complying to the stringent regulations is expected to boost the demand for the product globally.

The COVID-19 pandemic has had a seismic effect on several economies across the globe. To curb the pandemic spread, the governments of several countries have ordered complete lockdown of industrial and human activities. This is expected to have a significant impact on the market in 2020. However, proactive steps by the industry leaders to revive the automotive industry will bode well for the growth of the market in the near future.

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List of the Leading Companies Profiled in the Global Market are:

Veolia (Aubervilliers, France)
Acciona (Alcobendas, Spain)
Amrita Enviro Energi (Banten, Indonesia)
Hydro International (Clevedon, United Kingdom)
Orenco Systems (Oregon, The U.S.)
ASIO, spol. s r.o. (Brno, Czech Republic)
Aquatech International LLC (Maharashtra, India)
Trojan Technologies (London, UK)
BioMicrobics Inc. (Kansas, UK)
Kurita Water Industries Ltd. (Kanto Region, Japan)
Calgon Carbon Corporation (Pennsylvania, United States)
Kemira (Helsinki, Finland)
SUEZ worldwide (Paris, France)
Xylem (New York, U.S.)
DuPont (Delaware, United States)
Evoqua Water Technologies LLC (Pennsylvania, United States)
3M (Minnesota, United States)
Pentair plc (Minnesota, United States)
Ecolab (Minnesota, United States)
United Utilities Group PLC (Warrington, United Kingdom)
American Water (New Jersey, United States)
Other Key Players

What does the Report Include?

The global market for Water and wastewater treatment report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to announce partnerships, introduce new products, and collaborate that will further contribute to the growth of the market between 2021 and 2028.

Moreover, the research analyst has adopted several research methodologies such as SWOT and PESTEL analysis to extract information about the current trends and industry developments that will drive the market growth during the forecast period.

Market Segmentation:

By Segment

Chemicals
Equipment
Services
By Application

Municipal
Industrial
By Region

North America
Asia-Pacific
Europe
the Middle East and Africa
South America.

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DRIVING FACTORS

Presence of Stringent Regulations for Effluent Treatment to Spur Demand

Back in 2016, the EPA had publicized the Oil and Gas Extraction Effluent Guidelines and Standards that covered wastewater discharges from drilling, field exploration, production, and well treatment activities, across coastal areas, land, and offshore. Since then, several regulations have been in place to ensure proper treatment and management of wastewater.

For instance, in April 2021, Clark Development Corp., along with Clark Water Corp, announced their plan to upgrade the Clark Freeport Zone sewage treatment facility by complying to the stringent Department of Environment and Natural Resources Administrative Order (DAO) 2016-08 on Biological Nutrient Removal (BNR) standards.

The aim is to improve the efficiency of the facility that treats around 27 million liters of wastewater every day. Therefore, the imposition of stringent regulations to treat effluents will contribute to the global Water and wastewater treatment market growth in the forthcoming years.

REGIONAL INSIGHTS

North America - The region stood at USD 102.79 billion in 2020 and is expected to hold the highest position in the market in the forthcoming years. This is owing to the increasing demand for power generation that has led to the high adoption of demineralized water for industrial purposes in the region.

Europe - The market in the region is expected to showcase considerable growth backed by the growing renovation activities carried out at existing Water and wastewater treatment plants between 2021 and 2028.

Asia-Pacific- The region is anticipated to experience significant growth in the forthcoming years. This is ascribable to factors such as the surging adoption of activated sludge process-based effluent treatment solutions in countries such as China and India that will boost the adoption of advanced Water and wastewater treatment solutions in the region between 2021 and 2028.

COMPETITIVE LANDSCAPE

Facility Expansion by Prominent Companies to Amplify Their Market Positions

The market is experiencing fierce competition amongst the players operating in it. These players are focusing on proactive strategies such as facility expansion to ensure a wider horizon to market their advanced Water treatment solutions in the forthcoming years. Besides, other key players are focusing on collaborations and partnerships to maintain their presence that will favor the growth of the market in the forthcoming years.

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Detailed Table of Content:

Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Key Trends
Latest Technological Advancements
Insights on Regulatory Scenario
Porters Five Forces Analysis
Key developments
Covid-19 Impact Analysis
Supply Chain Challenges
Steps taken by companies to overcome the impact
Opportunities due to COVID-19 outbreak

TOC Continued…!

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Industry Development:

January 2020: Xylem announced the launch of a multi-dimensional center based in Singapore to develop advanced wastewater, water, and energy technologies. The company aims to consolidate its position introducing innovative treatment solutions through its state-of-the-art RD capability.

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