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

Meticulous Research®, a globally renowned market research enterprise, announces the release of its comprehensive study titled "Tertiary Water and Wastewater Treatment Technologies Market," providing invaluable insights into market dynamics, growth projections, and key industry trends. This report, forecasting the market till 2027, signifies the company's commitment to delivering meticulous and insightful research.

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The tertiary water and wastewater treatment technologies market is anticipated to exhibit a robust CAGR of 7.2% from 2020, aiming to reach a noteworthy valuation of $35.5 billion by 2027. The market's upward trajectory is propelled by factors such as rapid population expansion, urbanization trends, the imperative for fresh water resources, and the escalating prevalence of waterborne diseases. Furthermore, the escalating demand for energy-efficient and cutting-edge water treatment technologies presents lucrative opportunities within the market. However, challenges in the form of high installation, maintenance, and operational costs pose temporary obstacles to market growth. Additionally, the upgrading and repair of aging water infrastructure stand as significant challenges impeding the progress of the tertiary water and wastewater treatment technologies market.

The market segmentation is meticulously delineated based on type, application, and geographical location, offering a comprehensive understanding of the market landscape. The report also scrutinizes industry competitors and conducts a detailed market analysis at the country level.

In terms of type, the tertiary water and wastewater treatment technologies market exhibits diverse segments, including 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. In 2020, the membrane filtration segment claimed the largest market share. This dominance is attributed to the escalating health consciousness among consumers, a growing emphasis on reducing chemical usage in water treatment, and the cost-effectiveness and efficacy of membrane filtration technology. The segment is poised for significant growth as various global government bodies increasingly adopt this technology to ensure the delivery of safe and clean drinking water to households.

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Concerning application segmentation, the tertiary water and wastewater treatment technologies market distinguishes between municipal and industrial applications. In 2020, the municipal segment emerged as the dominant market force. This is primarily due to governments worldwide prioritizing water quality and public health, escalating water treatment projects-particularly in Asian countries-and the aging infrastructure prevalent in developed nations. However, the industrial segment is projected to experience the highest CAGR during the forecast period. This growth is attributed to the industrial sector's expansion and the rising demand for water and wastewater treatments to deliver clean and processed water.

Further delving into industrial applications, the tertiary water and wastewater treatment technologies market encompasses manufacturing, pharmaceuticals & chemicals, power, energy, pulp & paper, mining, petrochemicals, semiconductors, and other industrial applications. The manufacturing segment led the market in 2020, fueled by rapid urbanization, technological advancements, and a growing number of manufacturing units propelling the demand for processed water. Concurrently, the energy segment is anticipated to achieve the highest CAGR during the forecast period, driven by an increasing demand for both clean water and energy.

Geographically, the Asia-Pacific tertiary water and wastewater treatment technologies market is rapidly evolving. Factors such as a burgeoning population, heightened demand for advanced residential water treatment, increased awareness about environmental degradation, diminishing availability of clean water, augmented public-sector investments in water infrastructure, and intensified research and development expenditures contribute to the market's substantial growth. China is forecasted to dominate the Asia-Pacific market through 2027, leveraging its vast population base, industrialization trends, escalating volumes of untreated sludge, and significant wastewater discharge.

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Key Players

The tertiary water and wastewater treatment technologies market is characterized by the presence of key players driving innovation and market dynamics. Prominent entities in this domain 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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