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Emerging Wastewater Treatment Service Market Trends: Transformative Technologies Reshaping Wastewater Treatment Services Shaping the Future of the Industry
Wastewater Treatment Service
Wastewater Treatment Service Market Size Growth Forecast: What to Expect by 2025?
The market size of wastewater treatment services has seen a consistent increase in the past years. The market, which will rise from $67.95 billion in 2024 to $71.16 billion in 2025, is projected to experience a Compound Annual Growth Rate (CAGR) of 4.7%. Growth during the historical period can be linked to rigorous environmental rules, urban and industrial growth, escalating water shortage, consciousness among the public, corporate accountability, and economic progress.
How Will the Wastewater Treatment Service Market Size Evolve and Grow by 2029?
In the coming years, the market size for wastewater treatment services is projected to experience robust growth, predicted to reach "$90.05 billion by 2029 with a compound annual growth rate (CAGR) of 6.1%. This momentum throughout the forecast period can be credited to ongoing regulatory measures, initiatives for water reuse, heightened focus on a circular economy, increasing corporate sustainability objectives, growth in population, and urbanization patterns. Key trends set to define the forecast period encompass advancements in technology, a swift pace of technological innovations, practices revolving around a circular economy, decentralized handling of wastewater treatment, prioritizing energy efficiency and sustainability, alongside the formation of public-private partnerships (ppps).
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What Drivers Are Propelling the Growth of Wastewater Treatment Service Market Forward?
The expected growth of the wastewater treatment service market is anticipated to be fueled by increasing environmental regulations. These include existing or prospective laws, guidelines, regulations, or approvals that pertain to the environment, human health, or safety. These environmental directives necessitate the treatment of wastewater to protect public health and the environment. For example, Directive 98/15/EC was updated by the European Commission in October 2022 with the goal of reducing pollution, energy consumption and greenhouse gas emissions, and enhancing water quality by tackling urban wastewater pollution and mandating that EU countries monitor pathogens in wastewater. As a result, the growth of the wastewater treatment service market is being propelled by heightened environmental regulation.
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Which Emerging Trends Are Transforming the Wastewater Treatment Service Market in 2025?
A key trend emerging in the wastewater treatment service market is product innovation. In order to maintain their market position, leading companies in this sector are embracing advanced technologies. For instance, ABB Ltd., a company based in Switzerland that specializes in electrification and automation technology, recently launched the ABB Ability Smart Solution for Wastewater in February 2022. This is the debut in a range of digital solutions aimed at enhancing water sector operations and reducing energy consumption. The solution comprises of constant monitoring and automation, which allows this new wastewater technology to achieve up to 25% in energy savings during the aeration and pumping process, as well as reduce chemical usage by 10%.
What Are the Key Segments in the Wastewater Treatment Service Market?
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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Who Are the Key Players Shaping the Wastewater Treatment Service Market's Competitive Landscape?
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
What Geographic Markets Are Powering Growth in the Wastewater Treatment Service Market?
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
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