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Emerging Trends to Reshape the Wastewater Treatment Service Market: Transformative Technologies Reshaping Wastewater Treatment Services as a Key Influencer
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Wastewater Treatment Service Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of wastewater treatment services has seen a consistent increase in the past few years. It is predicted to elevate from $67.95 billion in 2024 to $70.77 billion in 2025, with a compound annual growth rate (CAGR) of 4.2%. The growth during the historical period can be credited to factors like strict environmental policies, urban expansion and industrial growth, rising water scarcity, increasing public consciousness and corporate accountability, and economic progress.
Wastewater Treatment Service Market Size Forecast: What's the Projected Valuation by 2029?
The market size of wastewater treatment services is anticipated to witness a solid growth in the forthcoming years, escalating to $89.42 billion by 2029 with a compound annual growth rate (CAGR) of 6.0%. The projected growth in this period is attributable to ongoing regulatory demands, initiatives for water reuse, an intensified focus on a circular economy, rising corporate sustainability objectives, and trends in population expansion and urbanization. Key trends for the forecast period incorporate technological progression, swift technological innovations, practices of circular economy, decentralized wastewater treatment, energy efficiency and sustainability, along with public-private partnerships (ppps).
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What Are the Drivers Transforming the Wastewater Treatment Service Market?
The rise in environmental regulations is anticipated to fuel the expansion of the wastewater treatment service market in the future. These regulations comprise any laws, rules, or permits relating to human health, safety, and the environment that are currently or will soon be implemented. These rules necessitate wastewater treatment to protect both the public and the environment. For example, the European Commission amended Directive 98/15/EC in October 2022 with the objective of reducing pollution, energy consumption, and greenhouse gas emissions, as well as improving water quality by tackling urban wastewater pollution and demanding EU nations to track pathogens in wastewater. Consequently, the intensification of environmental regulations is stimulating the progression of the wastewater treatment service market.
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What Long-Term Trends Will Define the Future of the Wastewater Treatment Service Market?
The trend of product innovation is emerging in the wastewater treatment service market, with leading players adopting state-of-the-art technologies to maintain their market dominance. For example, in February 2022, ABB Ltd., a Switzerland-based business specializing in electrification and automation technology, introduced the ABB Ability Smart Solution for Wastewater. This is the inaugural product in a series of digital solutions planned to enhance water sector performance and reduce energy consumption. The solution integrates continuous monitoring and automation, enabling innovative wastewater technology to achieve up to 25% energy savings during aeration and pumping stages, along with a 10% reduction in chemical usage. This highlights the significance of product innovation in the wastewater treatment service market.
Which Segments in the Wastewater Treatment Service Market Offer the Most Profit Potential?
The wastewater treatment servicemarket 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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Which Firms Dominate the Wastewater Treatment Service Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential 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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