Press release
Global Wastewater Treatment Service Market Projected to Surpass $90.05 Billion by 2029 with 6% Annual Growth
Wastewater Treatment Service Market Size
The escalation of environmental regulation is anticipated to boost the expansion of the wastewater treatment service market in the future. These regulations encompass any law, guideline, or rule related to the environment, human health, or safety that is either already in force or will be enacted in the future. This regulatory pressure obligates wastewater treatment to protect both public health and the environment. For example, the European Commission updated Directive 98/15/EC in October 2022 with the aim of mitigating pollution, decreasing energy use and greenhouse gas emissions, and enhancing water quality by tackling urban wastewater contamination and mandating EU countries to track pathogens in wastewater. Consequently, the amplification of environmental regulation is fueling the growth of the wastewater treatment service market.
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What is the future CAGR of the wastewater treatment service market, and how will it impact industry expansion?
The market size for wastewater treatment services has been progressively expanding over the last few years. It is projected that the market will increase from $67.95 billion in 2024 to $71.16 billion in 2025, demonstrating a Compound Annual Growth Rate (CAGR) of 4.7%. Factors driving this growth during the historical period include strict environmental rules, urbanization and industrialization, rising water shortage, public consciousness and corporate accountability, and economic development.
The market size for wastewater treatment services is predicted to experience robust growth in the upcoming years, with projections indicating it will reach "$90.05 billion in 2029, growing at a compound annual growth rate (CAGR) of 6.1%. The driving forces behind this expansion during the projected period include ongoing regulatory pressures, initiatives for water reuse, an increased focus on the circular economy, rising corporate sustainability objectives, as well as the growth of population and urbanization. The forecast period is also expected to see key trends such as technological progress, fast-paced technological inventions, practices related to the circular economy, decentralized wastewater treatment, the drive for energy efficiency and sustainability, as well as public-private collaborations (ppps).
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What are the most significant trends transforming the wastewater treatment service market today?
The increasing popularity of product innovation is a crucial trend being observed in the wastewater treatment service market. To maintain their market positions, leading companies in this field are embracing new technologies. For example, ABB Ltd., a Swiss company that specializes in electrification and automation technology, rolled out the ABB Ability Smart Solution for Wastewater in February 2022. This is the inaugural solution in a line of digital solutions aimed at enhancing the efficiency of water sector operations and reducing energy consumption. The product features continuous monitoring and automation, thus enabling novel wastewater technology to realize energy savings of nearly 25% during aeration and pumping processes, along with 10% cutback in chemical usage.
Which key market segments comprise the wastewater treatment service market and drive its revenue growth?
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
Subsegments:
1) By Designing And Engineering Consult: Feasibility Studies, System Design And Planning, Environmental Impact Assessments
2) By Building And Installation Services: Construction Of Treatment Facilities, Installation of Treatment Equipment, System Integration Services
3) By Operation And Process Control: Process Monitoring And Control, Performance Optimization, Compliance Reporting
4) By Maintenance Service: Routine Maintenance, Emergency Repair Services, Equipment Replacement Services
5) By Other Services: Training And Support, Laboratory Testing And Analysis, Regulatory Compliance Assistance
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What regions are at the forefront of wastewater treatment service market expansion?
North America was the largest region in the wastewater treatment service market in 2024.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
Who are the leading players fueling growth in the wastewater treatment service market?
Major companies operating in the wastewater treatment service market include 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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What Is Covered In The Wastewater Treatment Service Global Market Report?
• Market Size Forecast: Examine the wastewater treatment service market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the wastewater treatment service market for a structured understanding.
• Key Players Overview: Analyze major players in the wastewater treatment service market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the wastewater treatment service market.
• Segment Contributions: Evaluate how different segments drive overall growth in the wastewater treatment service market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the wastewater treatment service market.
• Industry Challenges: Identify potential risks and obstacles affecting the wastewater treatment service market.
• Competitive Landscape: Review strategic developments in the wastewater treatment service market, including expansions, agreements, and new product launches.
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