Tertiary Water and Wastewater Treatment Market by Size, Share, Forecasts, & Trends Analysis

[Redding, California - Feb 19, 2024] - Meticulous Research®, a renowned global market research firm, has released an insightful 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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Anticipated to surge at a remarkable CAGR of 7.2% from 2020, the tertiary water and wastewater treatment technologies market are poised to attain a valuation of $35.5 billion by 2027. This growth is propelled by factors such as burgeoning population, rapid urbanization, an escalating demand for novel water resources, and the increasing incidence of waterborne diseases. The market is further buoyed by the escalating need for energy-efficient and advanced water treatment solutions, providing significant opportunities. Nonetheless, impediments in the form of high installation, maintenance, and operational costs pose challenges, alongside the imperative upgrading and repairing of aging water infrastructure.

Segmented based on type, application, and geography, the report offers a comprehensive analysis, including a thorough evaluation of industry competitors and a country-level market assessment.

In terms of types, the market is categorized 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 dominated the market in 2020, credited to increasing consumer health awareness, a growing emphasis on reducing chemical usage, and the cost-effectiveness of membrane filtration technology. Government bodies worldwide are also adopting this technology to ensure safe and clean drinking water for households, thereby driving further growth.

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In the application segment, the municipal sector held the largest market share in 2020, driven by governments' increasing focus on water quality and public health, a rise in water treatment projects, particularly in Asian countries, and the aging infrastructure in developed nations. However, the industrial segment is anticipated to witness the highest CAGR during the forecast period due to the burgeoning industrial sector and the escalating demand for water and wastewater treatments to deliver clean and processed water.

The industrial application segment includes manufacturing, pharmaceuticals & chemicals, power, energy, pulp & paper, mining, petrochemicals, semiconductors, and other industrial applications. The manufacturing sector claimed the largest market share in 2020, propelled by rapid urbanization, technological advancements, and a surge in manufacturing units creating a robust demand for processed water. The energy segment is projected to register the highest CAGR, attributed to the growing demand for both clean water and energy.

Geographically, the Asia-Pacific tertiary water and wastewater treatment technologies market is evolving rapidly, propelled by factors such as increasing population, heightened demand for advanced residential water treatment, growing environmental awareness, declining availability of clean water, augmented public-sector investments in water infrastructure, and increased research and development expenditures. China is expected to dominate the Asia-Pacific market through 2027, fueled by its substantial population base, industrialization, rising volumes of untreated sludge, and significant wastewater discharge.

Top 10 Companies Operating in Tertiary Water and Wastewater Treatment Technologies Market: https://meticulousblog.org/top-10-companies-in-tertiary-water-and-wastewater-treatment-technologies-market/

Key Players in the tertiary water and wastewater treatment technologies market include 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).

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