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. Growth in industrial wastewater is one of the major driving factors for the wastewater treatment services industry. The growing industrial wastewater in emerging markets such as China, Germany, Saudi Arabia, and India, is driving the adoption of wastewater treatment services such as design & engineering consulting, building & installation, and operation & process control services. The norms of pollution control boards existing in various countries ensure that the Environmental Performance Index of a nation is maintained. Concepts of circular economy and triple bottom line are crucial to ensure that the businesses that are currently operating remain sustainable, imbibing sustainability as a core value. All these factors are driving the wastewater treatment services market at the global level. Collectively, all these reasons will support the demand for wastewater treatment services in the coming years.
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APAC is the largest market for wastewater treatment services, followed by North America and Europe. Rapid industrialization, increasing municipal wastage, water scarcity, and growing government spendings drives the regions wastewater treatment services market. In the previous few years, the market has experienced a change from traditional wastewater treatment services to modern wastewater treatment services. High-spending power of end-user industries and stringent regulatory will continue to drive the wastewater treatment services market in the region during the forecast period.
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.
Veolia (France) is one of the leading services providers of wastewater treatment for both municipal as well as industrial segment. The company is actively focusing on contracts and agreements for increasing their business existence and revenue generation.
- In March 2019, Veolia Water Technologies South Africa was contracted to alleviate Mbombela’s water constraints with three new water treatment plants to address the need for lowering the carbon footprint, portability, and easily maintain the water treatment solutions
- In April 2019, Veolia Water Technologies South Africa supplied a 10 m3/hour package plant to treat the boiler feedwater at a natural gas-fired combined cycle power plant in Tanzania.
- In February 2019, under an eight-year contract signed between Veolia and Greater Nimes, the company will manage Greater Nimes water and wastewater service.
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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