Wastewater Treatment Plants Market Size, SWOT Analysis, Growth Statistics, Prominent Players Strategies and Forecast to 2030

In the year 2021, wastewater treatment plants market value was at about $117.2 billion, and it is probable to drive at a compound annual growth rate of 5.8% in the years to come and reach $194.5 billion by 2030. The main factors attributed to the evolution of the market embrace the inadequate obtainability of freshwater all around the world and strict environmental rules which are applied by governments of a number of countries at a global level.

The value from effluent treatment plants is in excess of 50% of the overall wastewater treatment plants market. This is for the reason that a huge amount of wastewater is produced from manufacturing units. As per the forecasts made in the UN World Water Development Report of 2021, water withdrawals for industrial usage are likely to double by the year 2030. Moreover, in the majority of the countries, according to government regulations, the wastewater generated from industries has to undergo treatment before it can be put into the water bodies.

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At present, centralized treatment plants are the leaders of the wastewater treatment plants market, accounting for more than 80%. The value from decentralized treatment plants will rise significantly at a growth rate of 6%, in the years to come. The Decentralized ones are easy to fit and movable and treat wastewater produced from houses, apartments, and hotels. Moreover, they are economical for societies because of not require a large amount of capital, are dissimilar from the centralized treatment systems, and have negligible working and upkeep costs.

APAC region leads the market generating in excess of 40% of the total value in the year 2021, and it will observe the highest growth, of about 7%, in the years to come among all regions. Presently, China is the highest revenue generator in the APAC, and India is second. The key aspect attributing to the wastewater treatment plants market growth is the increasing power, oil & gas, pulp, mining chemicals, and further industries. The surge in the requirement for potable water is responsible for the rising emphasis on the treatment of wastewater, as these sectors use a lot of water and produce huge effluents.

Production of Biogas in wastewater treatment plants is an imminent concept that owners are using to achieve extreme energy efficiency. Therefore, they are advancing current plants and including the systems of biogas production. For example, a wastewater treatment plant in Bulgaria's capital city, Sofia lately included a digester, a tank for extracting biogas from waste sludge, and of 7,000 cubic meter volume, for fermentation of sludge, which would surge the production of green energy by 25%.

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China houses 21% of total population of the world; though, it has merely 6% of the global freshwater resources. In the year 2020, the nation discharged about of wastewater amounting to 55.7 billion cubic meters. Therefore, the country immensely funds effluent treatment services for catering to the growing demand for water for housing along with manufacturing use. In all, 39,000 novel wastewater treatment plants were established in China in the year 2020, thus contributing to the development of the wastewater treatment plants market globally.

Limited availability of freshwater has much to do with the increasing demand of wastewater treatment plant systems.

Top Key Players are:

Akzo Nobel N.V.
PPG Industries Inc.
The Sherwin-Williams Company
Kansai Paint Co. Ltd.
Nippon Paint Holdings Co. Ltd.
BASF SE
RPM International Inc.
Jotun A/S
Axalta Coating Systems Ltd.
Masco Corporation

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This release was published on openPR.