Tertiary Water and Wastewater Treatment Technologies Market to Reach $35.5 Billion by 2027

Meticulous Research®- a leading global market research company, published a research report titled "Tertiary Water and Wastewater Treatment Technologies Market by Type (Membrane Filtration, UV Radiation, Chlorination, Ozonization, Activated Carbon, and Ion Exchange), and Application (Municipal and Industrial) - Global Forecast to 2027".

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The tertiary water and wastewater treatment technologies market is expected to grow at a CAGR of 7.2% from 2020 to reach $35.5 billion by 2027. This market is majorly driven by factors such as rapid population growth and urbanization, the rising need for new water resources, and the increasing prevalence of waterborne diseases. Moreover, the growing demand for energy-efficient and advanced water treatment technologies provides significant opportunities in this market. However, the high installation, maintenance, and operational costs obstruct the growth of this market to some extent. Upgrading and repairing of aging water infrastructure are major challenges for the growth of the tertiary water and wastewater treatment technologies market.

The market is segmented based on type, application, and geography. The study also evaluates industry competitors and analyzes the market at the country level.

Based on type, the tertiary water and wastewater treatment technologies market is mainly segmented into membrane filtration (MF & UF), reverse osmosis, UV radiation (UV & UV-H2O2), chlorination, ozonization, activated carbon (GAC & PAC), ion exchange, electrochemical water treatment technology, and other treatment technologies. The membrane filtration segment accounted for the largest share of the tertiary water and wastewater treatment technologies market in 2020. The large share of this segment is mainly attributed to the rising health awareness among consumers, growing emphasis on reducing the usage of chemicals in water treatment, and effective purification and reduced cost of operations offered by membrane filtration technology. However, it is also expected to witness significant growth, as some government bodies across the globe are adopting this technology to provide safe and clean drinking water to households.

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Based on application, the tertiary water and wastewater treatment technologies market is segmented into municipal and industrial. The municipal segment accounted for the largest share of the tertiary water and wastewater treatment technologies market in 2020. The large share of this segment is mainly attributed to the governments' growing focus on water quality and public health, the growing number of water treatment projects, especially in Asian countries, and the aging existing infrastructure in developed countries. However, the industrial segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the growth of the industrial sector and the rising demand for water and wastewater treatments for providing clean and processed water.

Based on industrial application, the tertiary water and wastewater treatment technologies market is segmented into manufacturing, pharmaceuticals & chemicals, power, energy, pulp & paper, mining, petrochemicals, semiconductors, and other industrial applications. The manufacturing segment accounted for the largest share of the tertiary water and wastewater treatment technologies market in 2020. The large share of this segment is mainly attributed to the rapid urbanization, technological growth, and an increasing number of manufacturing units that create strong demand for processed water. However, the energy segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the rising demand for clean water and energy.

Geographic Review

Geographically, the Asia-Pacific tertiary water and wastewater treatment technologies market is developing and expanding at a significant pace. The rapid growth of this market is mainly attributed to the increasing population, rising demand for advanced residential water treatment, increased awareness about environmental deterioration, declining availability of clean water, increasing public-sector investments in water infrastructure, and growing research and development expenditures. China is expected to dominate the Asia-Pacific market through 2027, mainly due to its huge population base and industrialization, rising volumes of untreated sludge, and significant wastewater discharge.

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Key Players

The key players operating in the tertiary water and wastewater treatment technologies market are Suez Environment S.A. (France), Veolia Environment SA (France), Xylem, Inc. (U.S.), DuPont de Nemours, Inc. (U.S.), Evoqua Water Technologies Corporation (U.S.), 3M Company, Inc. (U.S.), Pentair plc (U.K.), Calgon Carbon Corporation (U.S.), Kurita Water Industries, Ltd. (Japan), Bio-Microbics, Inc. (U.S.), ASIO, spol. s r.o. (Czech Republic), Scinor Water America, LLC (U.S.), Elgressy Engineering Services Ltd. (Israel), Outotec Oyj (Finland), Blue Eden CleanTech Solutions, Inc. (Canada), Membracon Ltd. (U.K.), Lamor Corporation Ab (Finland), and Ozone Tech Systems (Sweden).

Key Questions Answered in the Report-

1 Which are the high growth market segments in terms of type, application, and geography?
2 What is the historical market size for tertiary water and wastewater treatment technologies across the globe?
3 What are the market forecasts and estimates for the period 2020-2027?
4 What are the major drivers, restraints, opportunities, and challenges in the tertiary water and wastewater treatment technologies market?
5 Who are the major players in the market, and what are their market shares?
6 Who are the major players in various countries, and what are their market shares?
7 How is the competitive landscape for the tertiary water and wastewater treatment technologies market?
8 What are the recent developments in the tertiary water and wastewater treatment technologies market?
9 What are the different strategies adopted by the major players in the market?
10 What are the key geographic trends, and which are the high-growth countries?
11 Who are the local emerging players in the tertiary water and wastewater treatment technologies market, and how do they compete with other players?

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This release was published on openPR.