Wastewater Treatment Services Market - Forecast (2024 - 2030)

Wastewater Treatment Services Market size is forecast to reach $54 billion by 2026, after growing at a CAGR of 6.7% during 2021-2026 due to increasing demand from municipal and industrial sector. Wastewater treatment services are used for the purification of water by a natural process in primary and secondary stages and are also reused for water reclamation purposes. Wastewater treatment services provide design with flexibility and reliability to the treatment systems. Chemical treatment is one of the major processes used in wastewater treatment. During wastewater treatment service, the amount of waste that is usually released into the environment is reduced which improves the environment's health. Hence, increasing the demand for industrial and municipal wastewater treatment is estimated to grow the demand for wastewater treatment services.

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Impact of COVID – 19

The tragedy of COVID-19 is having a noticeable impact on global economic growth. This has affected the demand and supply chain as well, thereby limiting the growth in 2020 and also continue in Q2 of 2021. Also, decreased oil & gas, food & beverages, owing to this pandemic, reduced the demand for wastewater treatment services.

Report Coverage

The report: “Wastewater Treatment Services Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the wastewater treatment services.

By Service Type: Design & Engineering Consultancy, Operation and Maintenance, Project Management Consultancy, Process Control, and Others. By Application: Residential Wastewater, Commercial Wastewater, and Industrial Wastewater. By End-Use Industry: Municipal and Industrial (Food & Beverages, Automotive, Pharmaceutical, Metal & Mining, Power Generation, Oil & Gas, Chemical & Fertilizers, Paper & Pulp, and Others. By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Spain, Netherlands, Russia, Belgium, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia & New Zealand, Indonesia, Taiwan, Malaysia, and Rest of Asia Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle East and Africa).

Key Takeaways

• North America dominates the wastewater treatment services market due to the increasing demand from municipal and industrial wastewater treatment processes in United States, Mexico, and Canada.

• Increasing adoption of treatment services for residential, commercial, and industrial wastewater treatment as these services are reused for water reclamation and chemical treatment is estimated to grow the market size.

• However, high exposure to hazardous gases such as methane and hydrogen sulfate from the wastewater treatment plants may create a hindrance for the market growth.

Wastewater Treatment Services Marketnbsp;Segment Analysis – By Service Type

The operation and maintenance service type segment dominated the global wastewater treatment services market in 2020. Operation and maintenance services are used for industrial wastewater treatment as well as operation wastewater treatment. This service is highly reliable and efficient thus it is used in the purification of water. Additionally, this service enable operating and maintaining efficiency to the treatment system. Hence, the operation and maintenance services are engineered to ensure efficiency, effectiveness, and sustainability of water supply which is estimated to grow the demand for operation and maintenance wastewater treatment service.

Wastewater Treatment Services Marketnbsp;Segment Analysis - By Application

Residential wastewater has dominated the global wastewater treatment services market in 2020 and is growing at a CAGR of 5.27% during 2021-2026. Wastewater treatment services help to reduce pollutants generated from residential water sources such as sinks, showers, bathtubs, toilets, washing machines, and dishwashers. Potential contaminants in household wastewater include disease-causing bacteria, infectious viruses, household chemicals, and other contaminants which may be harmful to the health. Thus, wastewater treatment services treating, disposing, and reducing the containments by improving household wastewater treatment. Hence, wastewater treatment is specifically designed to provide the most cost-effective and dynamic solution for treating and recycling residential wastewater which is increasing the market size during the projected period.

Wastewater Treatment Services Marketnbsp;Segment Analysisnbsp;– By End-Use Industry

The municipal end-use industry has dominated the global wastewater treatment services market in 2020. Wastewater treatment services provide a reduction in the waste amount released into the environment. Also, it is used in water reclamation and reduces the loss of water. These services are also designed to not release potentially harmful contaminants into the environment. Additionally, wastewater treatment services emit harmful pollutants from municipal wastewater. These harmful pollutants are treated by various methods such as physical, chemical, and biological processes. According to the U.S. Environmental Protection Agency, the Drinking Water Infrastructure Needs Survey and Assessment will plan to invest US$472.6 billion over the next 20 years which provides safe and sufficient water to the American public. Thus, the growing multiple waste management infrastructural investments are estimated to boost the demand for wastewater treatment services.

Wastewater Treatment Services Marketnbsp;Segment Analysisnbsp;– By Geography

North America dominated the global wastewater treatment services market with a share of 42% in 2020 owing to increasing demand for wastewater treatment services from the automotive, medical, food & beverages, mining, chemical treatment, and other industries in the United States, Canada, and Mexico. Hence, the growing demand for wastewater treatment services is estimated to increase public and private investment in wastewater plants. According to the Environment Protection Agency of America, the Nation’s wastewater footprint includes over 800,000 miles of public sewers and 500,000 miles of private lateral sewers in the region. In 2019, the annual water infrastructure capital investment was US$ 81 billion. In 2020, Piscataway Bioenergy Project started with an investment of US$262 million in Maryland to turn sewage wastewater into renewable energy in the United States. Additionally, The East Bay Municipal Utility District wastewater plant facility in Oakland converts 20 to 40 tons a day of restaurant food scraps into electrical power. Hence, all such factors are estimated to grow the demand for the wastewater treatment services market.

Wastewater Treatment Services Marketnbsp;Drivers

Increasing Investment for Wastewater Treatment Plants

Wastewater treatment services are used for high-quality effluent for water reclamation, chemical treatment, to reduce plant operating costs, and minimize environmental footprint. Wastewater treatment offers environmental and health benefits, as its by-products such as nutrients and biogas can be used for agriculture and energy generation. Additionally, wastewater treatment services can help cover water utilities’ operational and maintenance costs. According to the U.S. Environmental Protection Agency, in the United States, there are approximately 151,000 public wastewater systems. Hence, efficient investment in wastewater infrastructure improves the environment and enhances the quality of life. According to the world bank, in 2020, the San Luis Potosi power plant in Mexico cut costs by 33% which leads to US$18 million in savings for the power utility over 6years with using wastewater services instead of groundwater services. Thus, wastewater treatment services provide economical and financial benefits which are estimated to grow the market size.

Wastewater Treatment Services Market Challenges

Wastewater Treatment Plants Poses Health Risks

Wastewater treatment services are high exposure of methane and hydrogen sulfide gas which are hazardous for health. High exposure to methane reduces the amount of oxygen from the air and causes memory loss, nausea, vomiting, facial flushing, and headache. Furthermore, hydrogen sulfide irritates the eyes, nose, throat and causes headache, dizziness, nausea, and vomiting due to high exposure. Hence, high exposure to those gases from treatment plants may create hurdles for the wastewater treatments services market.

Wastewater Treatment Services Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the wastewater treatment services market. Major players in the Wastewater Treatment Services market are: