Press release
Europe Water and Wastewater Treatment Market Set to Reach $170.2 Billion by 2030, Reveals Exclusive Report by Meticulous Research®
Wastewater treatment involves enhancing wastewater quality and converting it into effluent suitable for reintegration into the water cycle with minimal environmental impact. The primary objective of wastewater treatment is to safeguard both human health and the ecosystem from harmful contaminants present in wastewater. Water treatment facilities accelerate the natural purification process of water, utilizing various techniques such as physical, chemical, and biological processes to eliminate pollutants from industrial and municipal wastewater before reintroducing the purified water into the environment.
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The growth trajectory of the Europe Water and Wastewater Treatment Market is propelled by several factors. These include the escalating incidence of waterborne diseases, rapid depletion of freshwater resources, increasing initiatives toward zero liquid discharge, and stringent regulations governing water treatment practices. However, the market faces challenges associated with high installation, maintenance, and operational costs. Nonetheless, opportunities abound with the growing demand for energy-efficient and advanced water treatment technologies. Nevertheless, one of the significant challenges faced by market players is the lack of infrastructure for waste collection and treatment.
The Europe Water and Wastewater Treatment Market is segmented by type (wastewater treatment, water treatment), offering (treatment technologies, treatment chemicals, process control and automation, design, engineering, and construction services, operation and maintenance services), and application (municipal applications, industrial applications). The report also conducts a comprehensive analysis of industry competitors and regional markets.
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Key Insights from the Report:
The operation and maintenance services segment is expected to dominate the market in 2023, driven by the growing emphasis on cost and energy-saving initiatives, coupled with increasing investments in maintenance operations.
The process control and automation segment is anticipated to register the highest CAGR during the forecast period, owing to the imperative to meet government-mandated drinking water quality standards.
The wastewater treatment segment is poised to lead the market in 2023, fueled by heightened environmental awareness, increasing demand for sustainable wastewater treatment solutions, and zero liquid discharge initiatives.
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We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition. Through our mixed bag of research offerings - syndicated research, custom research, and analyst engagement - we enable smart decision making to enhance business performance for global organizations. Our focus is also on finding answers to the challenging questions that global business leaders face on a daily basis. Each year, we deliver more than 300 syndicate studies and 60+ consulting projects across eight industry verticals in 20+ geographic markets.
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