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Wastewater Treatment Service Global Market Report 2024 - By Report, Size, Share, Trends, Forecast To 2033

06-10-2024 07:11 AM CET | Industry, Real Estate & Construction

Press release from: The Business research company

Wastewater Treatment Service Market

Wastewater Treatment Service Market

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Wastewater Treatment Service Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $84.29 billion In 2028 At A CAGR Of 5.3% :
The wastewater treatment service market size has grown strongly in recent years. It will grow from $64.55 billion in 2023 to $68.58 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to stringent environmental regulations, urbanization and industrialization, increasing water scarcity, public awareness and corporate responsibility, economic development.

The wastewater treatment service market size is expected to see strong growth in the next few years. It will grow to $84.29 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to continued regulatory pressures, water reuse initiatives, increased emphasis on circular economy, growing corporate sustainability goals, population growth and urbanization trends. Major trends in the forecast period include technological advancements, rapid technological innovations, circular economy practices, decentralized wastewater treatment, energy efficiency and sustainability, public-private partnerships (ppps).

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Wastewater Treatment Service Market Major Segments
The wastewater treatment service market covered in this report is segmented -
1) By Service: Designing And Engineering Consult, Building And Installation Services, Operation And Process Control, Maintenance Service, Other Services
2) By Application: Chemical And Pharmaceutical, Oil And Gas, Food, Pulp And Paper, Metal And Mining, Power Generation, Other Applications
3) By End-User: Municipal, Industrial

Key Driver - Regulatory Imperatives Fueling Expansion In The Wastewater Treatment Service Market
The increasing environmental regulation is expected to propel the growth of the wastewater treatment service market going forward. Environmental regulations include any legislation, rule, regulation, or permission relevant to the environment, human well-being, or safety that is currently in effect or will be implemented in the future. Environmental regulation mandates wastewater treatment to safeguard public health and the environment. For instance, in October 2022, the European Commission revised Directive 98/15/EC which aims to reduce pollution, energy use, and greenhouse gas emissions and improve water quality by addressing urban wastewater pollution and requiring EU countries to monitor pathogens in wastewater. Therefore, increased environmental regulation is driving the growth of the wastewater treatment service market.

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Prominent Trend - Transformative Technologies Reshaping Wastewater Treatment Services
Product innovation is a key trend gaining popularity in the wastewater treatment service market. Major companies operating in the wastewater treatment service market are adopting new technologies to sustain their position in the market. For instance, in February 2022, ABB Ltd., a Switzerland-based company that provides electrification and automation technology, launched the ABB AbilityTM Smart Solution for Wastewater. The ABB AbilityTM Smart Solution for Wastewater is the first in a series of digital solutions designed to optimize water sector operations and minimize energy usage. It consists of continuous monitoring, combined with automation that enables new wastewater technology to achieve energy savings of up to 25% during aeration and pumping, as well as a 10% decrease in chemical usage.

Wastewater Treatment Service Market Players
Major companies operating in the wastewater treatment service market report are Buckman Laboratories International Inc., Innospec Inc., Enviro Systems Inc., Veolia Water Technologies, Suez SA, Xylem Inc., Evoqua Water Technologies LLC, Thermax Limited, Wog Group, Ecolab Inc., Feralco AB, SWA Water Australia, Cortec Corporation, Golder Associates Inc., Aquatech International LLC, Danaher Corporation, Dow Water & Process Solutions, DuPont de Nemours Inc., Ebara Corporation, EcoWater Systems LLC, EnviroChemie GmbH, GE Water & Process Technologies, Kurita Water Industries Ltd., Lenntech B.V., Nalco Water LLC, Orenco Systems Inc., Pall Corporation, Parkson Corporation, RWL Water LLc

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https://www.thebusinessresearchcompany.com/report/wastewater-treatment-service-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the wastewater treatment service market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global wastewater treatment service market report during the forecast period. The regions covered in the wastewater treatment service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Wastewater Treatment Service Market Report Structure
3. Wastewater Treatment Service Market Trends And Strategies
4. Wastewater Treatment Service Market - Macro Economic Scenario
5. Wastewater Treatment Service Market Size And Growth
…..
27. Wastewater Treatment Service Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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