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According to the new market research report “Wastewater Treatment Services Market by Type (Design & Engineering Consulting, Building & Installation, Operation & Process Control, Maintenance & Repair), End User (Municipal, Industrial), and Region – Global Forecast to 2024″, The wastewater treatment services market size is projected to reach USD 65.1 billion by 2024, at a CAGR of 6.1% from USD 48.5 billion in 2019.
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Water is the essential utility needed by households and industries. Used water is not fit for disposal or reuse as it contains various harmful substances. Such contaminated water is considered as wastewater. Wastewater is treated systematically in three stages, i.e., primary, secondary, and tertiary treatment. Wastewater treatments need specific skills and expertise. Wastewater treatment service providers play an essential role in wastewater recycling and safe disposal of industrial wastewater. The growth in power generation and oil & gas industries, coupled with the increase in stringent norms for wastewater, globally are driving the growth of the wastewater treatment services market.
There are five service types for the wastewater treatment services that are commercially available; design & engineering consulting, building & installation, operation & process control, maintenance & repair services, and others. The other segment includes analytical & training services. The operation & process control service type accounted for the largest share, in terms of value, in 2018. Operations & process control services are provided mainly for the facility operation improvement and control of wastewater treatment plants. The major industrial customers outsource such services to dedicated wastewater treatment service providers.
Browse and in-depth TOC on “Wastewater Treatment Services Market – Global Forecast to 2024”
111 – Tables
43 – Figures
205 – Pages
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The wastewater treatment services market size is projected to reach USD 65.1 billion by 2024 from USD 48.5 billion in 2019, at a CAGR of 6.1% between 2019 and 2024. Rising demand from municipal and industrial wastewater treatment is expected to support the wastewater treatment services market. Under the industrial segment, various end-use industries, namely chemical & pharmaceutical, oil & gas, food, paper & pulp, metal & mining, and power generation, are considered.
On the other hand, strict norms and Zero Liquid Discharge (ZLD) wastewater management strategy has created opportunities for manufacturers. Veolia (France), SUEZ (France), Xylem (US), Ecolab (India), and Evoqua Water Technologies (US) are the major players in this market.
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Xylem (US) is one of the leading companies in water technology which engages in the manufacturing and service of engineered solutions for water and wastewater applications. The company invests vigorously in mergers and acquisitions to expand its portfolio and regional presences across the globe. The company aims to expand its presence in the APAC region by targeting the market where the demand for wastewater treatment services is high.
SUEZ (France) is also a chief creator various wastewater treatment services such as sampling and production of drinking water, multi-disciplinary studies and engineering, customer relationship management, industrial water treatment, water storage and distribution, desalination, wastewater treatment and reuse, and sludge treatment and recovery. For instance, in April 2019, SUEZ announced that it would continue to develop its activity in Italy with a new contract to renovate and operate the Naples-North (Napoli Nord) wastewater treatment plant.
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