According to a market research report, the “Wastewater Treatment Services Market by Service Type (Designing and Engineering Consulting, Building and Installation Services), End-user (Municipal and Industrial), Industrial End-user (Chemical & Pharma, Oil & Gas) and Region – Global Forecast to 2028”, size was USD 55.9 billion in 2022 and is projected to reach USD 80.4 billion by 2028, at a CAGR of 6.3%, between 2023 and 2028.
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Wastewater includes used water or sewerage water from households and industries. It is treated for reuse or for discharging into the environment. The quality of treated water depends on parameters such as total dissolved solids (TDS), hardness, the potential of hydrogen (pH) level, and alkalinity. The treatment process involves many operations such as chemical treatment, settling operation, evaporation, and filtration. Industrial wastewater comes from power, oil & gas, chemical & pharma, food, pulp & paper, and mining industries. The type of service depends on the end use because requirements and challenges vary as per industry.
This report also provides a comprehensive analysis of the companies listed below:
The key players operating in the wastewater treatment services market include Veolia Group (France), Xylem Inc. (US), Suez SA (France), Ecolab Inc. (US), Thermax Limited (India), Pentair (US), WOG Technologies (India), Golder Associates (Canada), and SWA Water Treatment (Australia) and others.
Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the wastewater treatment services market.
Recent Developments in Wastewater Treatment Services Market
In April 2023, Veolia has been awarded the contract for the operation and maintenance of Turkey’s first waste-to-energy plant, the largest in Europe, in Istanbul.
In January 2023, Xylem Inc. signed an agreement under which it acquired Evoqua, a leader in water treatment solutions and services, in an all-stock transaction.
In December 2022, Veolia completed the sale to Suez, the share capital of Suez Recycling and Recovery UK Group Holdings Ltd. under antitrust remedies agreed with the UK Competition and Markets Authority (CMA).
In October 2022, Xylem Water Solutions Singapore Pte Ltd, and Gross-Wen Technologies Inc. (GWT), a leader in environmentally-sustainable wastewater treatment solutions, announced a Memorandum of Understanding (MoU) for a new joint research and development (R&D) project.
In August 2022, Veolia announced today that it has signed a merger agreement concerning the merger of Vigie SA (formerly known as Suez SA) into Veolia. The purpose of this merger is to simplify and rationalize the legal structure of the Veolia group.
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Veolia Group offers wastewater treatment, and recovery services for industrial customers. The company under three business segments, namely, water, waste, and energy. Veolia’s water business segment offers services required to design, build, maintain, and upgrade water and wastewater treatment facilities. Company offers solutions for collecting and transport of drinking water and wastewater, including operating and maintaining water and wastewater treatment networks, collecting wastewater, and designing and building water and sanitation networks. The company operates in Europe, the Americas, Asia, Oceania, the Middle East, and other regions.
Ecolab Inc. provides water, hygiene, and energy technologies and services across the globe. The company operates through four segments: global industrial, global institutional & specialty, global healthcare & life sciences, and others. Ecolab Inc. provides wastewater treatment services through its global industrial business segment. Under the global industrial segment, the water unit offers water treatment and process applications, and cleaning and sanitizing solutions primarily to industrial customers within the manufacturing, food and beverage processing, chemical, primary metals, power generation, pulp and paper, and mining and commercial laundry industries.
Asia Pacific is the largest wastewater treatment services market, accounting for the largest share of the market in 2022. Rapid industrialization, growing demand from various end-use industries, and increasing government spending are supporting the growth. The growth in manufacturing, power generation, oil & gas, and food & beverage industries, among others, has greatly influenced the economic development of the countries in the region. Government initiatives, such as Industry 4.0 and Internet Plus, are attracting heavy investments for the manufacturing sector. China is expected to see an 8.5% year-on-year growth in software spending to undergo numerous upgradations in automation and digitalization and accomplish its “Made in China 2025” initiative.
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