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Wastewater Treatment Service Market Share, Trends, Size, Major Players And Forecast To 2033
Wastewater Treatment Service Market
As per the report, 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 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%.
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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.
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.
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
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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
Contents of the report:
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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