increasing wastewater treatment projects is driving the Wastewater Treatment Plant Market
Technavio analyzes that the Wastewater Treatment Plant Market is expected to grow at a CAGR of 6.5% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 46.5 billion.There are various factors that contribute to the growth of the market. The wastewater treatment market is experiencing significant growth due to the increasing number of wastewater treatment projects worldwide. Governments and private organizations are investing heavily in upgrading and constructing new wastewater treatment infrastructure to address the rising demand for effective water management solutions. This trend is expected to continue, providing ample opportunities for market participants to expand their offerings and strengthen their presence in the industry.
In the realm of wastewater treatment, secondary treatment plays a pivotal role in removing biological contaminants, enhancing the quality of effluent prior to its release into the environment or undergoing further tertiary treatment. The Bangalore Water Supply and Sewage Board (BWSSB) in India is a prime example of this importance. Currently, BWSSB supplies 18 Million Liters per Day (MLD) of treated water for industrial and commercial use, sourced from 24 secondary sewage treatment plants (STPs) and four tertiary treatment plants (TTPs). This water is essential for non-potable applications, as it originates from industries in sectors such as Oil & Gas, Food, Pulp & Paper, Metal & Mining, Power & Generation, and Membrane Separation. The provision of treated water from these facilities underscores the significance of secondary treatment in mitigating water scarcity, environmental pollution, and health risks associated with untreated wastewater.
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Wastewater Treatment Plant Market Segmentation
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The Wastewater Treatment Plant market focuses on addressing the challenges of Industrial and Municipal effluent, contaminated with various pollutants, through advanced Water Treatment Technologies. Chemical treatment, Filtration, Settling operations, and Membrane Separation are key processes. Green technologies like Membrane Bioreactors (MBRs), Ultraviolet (UV) disinfection, and Advanced Oxidation Processes (AOPs) are gaining popularity. Techno-commercial awareness is crucial for meeting Water Quality Standards and mitigating Health Risks. Industrial wastewater treatment is essential due to Water Scarcity, Environmental Pollution, and Groundwater Pollution. Wastewater Management is a critical issue influenced by Freshwater Resources, Municipal Water Infrastructure, International water law, and Biological Oxygen Demand. Tertiary treatment and Water Recovery are essential for ensuring Effluent quality and minimizing the impact on Freshwater Resources. Wastewater Treatment Chemicals play a vital role in optimizing treatment processes.
The global environmental and facilities services market encompasses businesses offering solutions for waste management, facilities maintenance, and pollution control. According to Technavio's market analysis, this market's size is determined by the consolidated revenue generated by these service providers. Key growth drivers include the increasing prioritization of sustainability and environmental stewardship. Industries generate substantial effluent, necessitating advanced chemical treatment, filtration, settling operations, and water recovery techniques. Green technologies, such as evaporation and bio-remediation, are gaining techno-commercial awareness, further fueling market expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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