The Wastewater Treatment Plant Market is being driven by Increasing wastewater treatment projects
The Wastewater Treatment Plant Market is expected to grow at a CAGR of 7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 53.2 billion. The global wastewater treatment market is experiencing a significant trend towards inorganic growth strategies among key players. Companies are pursuing this approach to bolster capabilities, broaden market reach, and integrate advanced technologies. Notably, Kurita Europe GmbH announced the acquisition of Arcade Engineering Group (AEG) from Arcade Holding SAS in July 2023. This deal encompassed 100% ownership of Arcade Engineering GmbH, Arcade Engineering AG, Arcade Industrie SAS, and Arcade Engineering Pte Ltd. AEG, a leader in designing and installing water treatment and processing plants, particularly for the semiconductor industry, significantly enhances Kurita Europe's service offerings and market presence.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
227 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7% |
Market growth 2025-2029 |
USD 53.2 billion |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
6.1 |
Key countries |
US, China, India, Germany, Japan, UK, Canada, Australia, Russia, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Wastewater Treatment Plant market encompasses various technologies and processes, including chemical treatment, settling operations, and membrane separation, to address water contamination from industrial and municipal wastewater. Green technologies, such as membrane bioreactors and advanced oxidation processes, are increasingly being adopted to mitigate environmental pollution and health risks. Water recovery and infrastructure expenditure are key drivers, with water scarcity and industrial processes leading to the need for freshwater resources and municipal water infrastructure protection. Pulp and paper industries, agricultural wastewater, and California water utilities are significant contributors to the market. Compliance with water quality standards necessitates secondary, tertiary treatment, and UV disinfection. Groundwater pollution and international water law are additional concerns addressed by the market. Wastewater management incorporates various effluent categories, and electrochemical technology offers innovative solutions for industrial wastewater treatment.
The global environmental and facilities services market encompasses businesses offering solutions for environmental and facilities maintenance, including waste management, facilities management, and pollution control services. According to Technavio, market size is determined by the consolidated revenue generated by these companies. Key growth drivers include the increasing prioritization of sustainability and environmental stewardship, as well as the implementation of green technologies such as chemical treatment, settling operations, membrane separation, and water recovery for the treatment of industrial wastewater. Additionally, water scarcity and environmental pollution concerns are escalating demand for effective water management solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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