The Global Water And Wastewater Treatment Market Size Was Valued At USD 281.75 Billion In 2021. The Market Is Projected To Grow From USD 301.77 Billion In 2022 To USD 489.07 Billion By 2029, Exhibiting A CAGR Of 7.1% During The Forecast Period.

Water and Wastewater Treatment Market Overview:

The global COVID-19 pandemic has been unprecedented and shocking. As a result, demand for water and wastewater treatment is lower than expected in all regions compared to levels before the pandemic. Based on our research, the world market was 7.0% smaller in 2020 than it was in 2019.

Humans need to treat water and waste water to keep up with the growing demand for water, which is needed not only for municipal and agricultural uses but also for important industrial processes. At the moment, more than 40% of the world's people live in areas with critical water stress. Only about 1% of the water on Earth is freshwater, so countries that have a hard time getting enough water have to use the desalination process to turn saltwater into freshwater. At the third MENA Desalination Projects Forum 2022, which was held in March 2022, Saudi Arabia showed off more than sixty water treatment projects. By the end of 2027, these projects will triple the ability of the country to get water from the sea.

As competition has gotten tougher, the big players have worked to improve their water and waste water treatment networks. Global companies are buying up local companies as a way to stay competitive in the market. In January 2022, SUEZ bought Sentinel Monitoring Systems, a real-time microbial monitoring company based in Arizona. The acquisition was made so that Analytical Instruments could offer more services and take advantage of new and existing microbial monitoring market opportunities.

Market Dynamics:

Latest Trends:

Increasing the use of combinations of new and old treatments will help the market grow.

The people in the market want to make equipment that uses a mix of new and old ways to treat water. For example, in January 2022, tech giant Tesla brought the "YogJal Prithvi" water purifier to the Indian market. The RO, UV, UF, Copper Filter, and Alkaline technologies were used to make this equipment. These technologies combine traditional methods of copper mineralization with modern ones. Researchers and companies are working together to create new ways to treat diseases. They are using cutting-edge tools like artificial intelligence and nanotechnology to do this, which is expected to open up new markets.

Driving Factors:

Strict rules about how to treat waste water will help the market grow.

As production methods have become more advanced, the amount of wastewater has grown by a large amount in recent years. The waste from companies that make chemicals, pesticides, rare metals, and other harmful chemicals and materials is bad for the environment and could cause a disaster if it isn't treated properly before being dumped in freshwater sources. So, groups like the U.S. Environmental Protection Agency (EPA) and the Food and Agriculture Organization (FAO) have set limits on how much of these chemicals can be found in effluents before they are released into the environment. For example, the EPA put out the Oil & Gas Extraction Effluent Guideline & Standards, which was last changed in 2016. This guideline and standards deal with waste water from oil drilling, production, and well treatment in fields, on land, and offshore.

The rules say that people who break them will go to jail and have to pay big fines. Because there are so many strict rules, industries have had to build treatment plants and keep them in good shape. In the coming years, the market is likely to be driven by strict rules about how water and waste water are treated in industries around the world.

Restraining Factors:

Customers don't adopt technologies because they cost too much.

Even though industries have to follow strict rules about how they treat their wastewater, they don't use more advanced treatment technologies because it costs a lot to build these plants. The cost of operations goes up even more because they are harder to run and require more work. But because there is more competition and the profit margins are getting smaller, companies don't want to make such big investments. This is slowing the growth of the water and wastewater treatment market.

Segmentation Analysis:

By Segment:

The market is divided into chemicals, equipment, and services based on how it is used.

The services segment is expected to grow the fastest because companies are focusing on building new water and wastewater treatment plants and keeping the ones they already have in good shape. The growth of the segment will be helped by the fact that sewage treatment facilities in developed countries need to be updated.

The chemicals segment is further broken down into pH conditioners, coagulants and flocculants, disinfectants, scale and corrosion inhibitors, antifoam chemicals, and others. Coagulants and flocculants are the most important chemicals in the wastewater treatment chemicals market because they are used to make sludge settle.

The equipment segment is split into biological, filtration, sludge treatment, disinfection, demineralization, and other parts. The wastewater treatment equipment market is mostly made up of filtration equipment, but the disinfection equipment sub-segment is expected to grow the fastest. This is because governments are planning to spend a lot of money to reduce the number of diseases that are spread through drinking water.

By Application:

The market is split into two groups: municipal and industrial.

Agriculture accounts for over 30% of the global water demand, thus aiding the dominance of the municipal segment. Furthermore, usage of municipal water for amusement activities, such as swimming pools and adventure parks, is expected further to increase the demand for advanced treatment solutions. The industrial segment is expected to experience considerable growth in the forthcoming years. This is because of the stricter rules that are expected to be put in place in developing countries. Culligan Industrial Water and Suez Worldwide's development of new technologies like ozone treatment and bioremediation will be a key factor in the growth of each segment in the coming years.

Regional Insights:

In 2021, the size of the North American market was USD 109.52 billion, and it is expected to be the largest market in the near future. This is because there is a lot of demand for treated water in the U.S. from the beverage and drug industries. Demand for demineralized water has also gone up because more power is needed to support the growth of industry in the region. This has led to more market growth.

It is expected that the market in Asia-Pacific will soon be bigger than that in North America. This is because China, India, and Southeast Asia have spent a lot of money to improve the water quality and sanitation services in the area. The businesses in the area are working on developing activated sludge process-based effluent treatment to make sure they follow the rules set by environmental groups. This helps the market grow even more.

The renovations that are being done to Europe's existing water treatment facilities and support infrastructure will give the market a new lease on life and speed up the adoption of new wastewater treatment solutions in the coming years. Desalination projects will be built in the Middle East and Africa, which will lead to a large number of people using advanced water treatment solutions. South America's market will be based on large-scale, low-cost methods of cleaning up the waste water from the paper and sugar industries.

Scope Analysis

Recent Development:

• January 2022 – Evoqua Water Technologies LLC acquired Mar Cor Purification, a subsidiary of STERIS Group, and Renal Business, operated by Cantel Medical. This acquisition strengthens the company's presence in North America by providing proven water treatment solutions to the healthcare industry.
• November 2021 – Kemira has expanded its water treatment chemicals capacity in the UK. The expansion will increase Goole's annual production of iron-based water treatment chemicals by more than 100 kilotons per year. In January 2021, the company increased Ellesmere Port's production of aluminum-based water treatment chemicals by 30,000 tons.

Market Segmentation

By Segment:

• Chemicals
  • pH Conditioners
  • Coagulants & Flocculants
  • Disinfectants & Biocidal Products
  • Scale & Corrosion Inhibitors
  • Antifoam Chemicals
  • Other Chemicals
• Equipment
  • Biological
  • Filtration
  • Sludge Treatment
  • Disinfection
  • Demineralization
  • Other Equipment
• Services

By Application:

• Municipal
• Industrial
• Others

By Companies:

• Veolia (France)
• SUEZ Worldwide (France)
• DuPont (U.S.)
• 3M (U.S.)
• Xylem (U.S.)
• Kemira (Finland)
• Evoqua Water Technologies LLC (U.S.)
• Pentair PLC (U.K.)
• Ecolab (U.S.)
• American Water (U.S.)
• Acciona (Spain)
• Hydro International (U.K.)
• Aquatech International LLC (U.S.)
• Trojan Technologies (Canada)
• BioMicrobics Inc. (U.S.)
• Kurita Water Industries Ltd. (Japan)
• ASIO (Czech Republic)
• Others