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Sewage Treatment Facilities Market Statistics, Emerging Trends, Key Drivers And Forecast To 2033
Sewage Treatment Facilities Market
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According to The Business Research Company's, The sewage treatment facilities market size has grown strongly in recent years. It will grow from $232.66 billion in 2023 to $251.37 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to urbanization and population growth, environmental regulations, public health concerns, industrial and commercial activities, infrastructure development.
The sewage treatment facilities market size is expected to see strong growth in the next few years. It will grow to $343.24 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to growing population and urbanization trends, climate change impact, advancements in treatment technologies, water scarcity challenges, government initiatives. Major trends in the forecast period include shift towards sustainable and low-energy treatment processes, enhanced nutrient removal and effluent quality improvement, application of biological treatment innovations, increased emphasis on sludge management and treatment, rise in public-private partnerships for infrastructure development.
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Market Drivers and Trends:
The growth in the sewage treatment facilities market is due to increased pressure from governments on companies and increasing investments in the market. For instance, in July 2022, the Clean Water Act, a primary federal law in the United States governing water pollution, made it unlawful to discharge any pollutant from a point source into navigable waters, unless a permit is obtained. Under the CWA, the EPA (United States Environmental Protection Agency) has put in place pollution management plans, including regulating industrial effluent. Therefore, increased pressure from the government regarding water pollution is driving the growth of the sewage treatment market.
Micro-pollutants that are challenging the treatment capability of conventional wastewater treatment plants are being treated with advanced technologies. Micro-pollutants are contaminants originating from pharmaceutical residues, household chemicals, personal care products, and pesticides. Technologies such as moving bed biofilm reactors (MBBR), ozone-based advanced oxidation, adsorption, and powdered activated carbon (PAC) are being used to remove micro-pollutants from wastewater. For instance, in Germany, advanced technologies such as GE's membrane bioreactor and powdered activated carbon technology are proving to be a cost-effective way of removing micro-pollutants from wastewater.
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Major Key Players of the Market:
Kubota Corporation, Hitachi Ltd., Suez S.A., SWA Water Treatment LLC, Kingspan Water & Energy, Xylem Inc., Pentair plc, Ecolab Inc., Fluence Corporation Ltd., Thermax Limited, Golder Associates Ltd., SFC Environmental Technologies Pvt. Ltd., Buckman Laboratories Inc., RWL Water Group plc, Smith & Loveless Inc., Clearford Industries Inc., Aquatech International Corporation, Evoqua Water Technologies LLC, Hyflux Ltd., Veolia Environnement S.A., Orenco Systems Inc., Bio-Microbics Inc., Emerson Electric Company, W.O.G. Technologies Pvt. Ltd., Ecoprog GmbH, Membracon Ltd., Bluewater Bio Ltd., Premier Tech Aqua Systems India Pvt Ltd., BioShaft Water Technology Inc., Global Water & Energy L.L.C., H2O Innovation Inc.
Sewage Treatment Facilities Market 2024 Key Insights:
• The sewage treatment facilities market size is expected to see strong growth in the next few years. It will grow to $343.24 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%.
• Sewage Treatment Facilities Market Surges Amidst Government Regulations And Increased Investments
• Addressing Micro-Pollutants Advanced Technologies Revolutionize Wastewater Treatment
• Asia-Pacific was the largest region in the sewage treatment facilities market in 2023
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