The global water and wastewater treatment market share is projected to reach USD 456.68 billion by 2026. The increasing demand for water treatment facilities across the world will have a positive impact on the growth of the market in the coming years. the market was worth USD 265.30 billion in 2018 and will exhibit a CAGR of 7.1% during the forecast period, 2019-2026.
Water and Wastewater Treatment Market Analysis, Insights and Forecast, 2015-2026
Water and wastewater treatment is carried out before being used for commercial and domestic purposes. The growing demand for freshwater, coupled with the low availability of naturally available drinking water has created a subsequent demand fort this process. The increasing investment in the R&D of this process will bode well for the market in the coming years. The constantly increasing global population has created a subsequent demand for water and wastewater treatment across the world. The increasing water shortages have contributed to the growing demand for wastewater treatment. Recent technological advancements will open up a huge potential for the companies operating in the water and wastewater treatment industry in the forthcoming years.
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List of leading companies that are currently operating in the water & wastewater treatment market include;
- Acciona
- Amrita Enviro Energi
- Hydro International
- Orenco Systems
- ASIO, spol. s r.o.
- Aquatech International LLC
- Trojan Technologies
- BioMicrobics Inc.
- Kurita Water Industries Ltd.
- Calgon Carbon Corporation
- Kemira
- SUEZ worldwide
- Xylem
- DuPont
- Other Key Players
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Growing Wastewater Treatment Plants Across the World Will Aid Market Growth
The report encompasses several factors that have contributed to the growth of the market in recent years. The increasing number of water and wastewater treatment plants has made a huge impact on the growth of the market in recent years. In January 2020, Kurita Water Industries announced the launch of a new wastewater R&D facility.
The company unveiled the new R&D base in Japan and claims that it will be completing the construction of the plant by 2022. This R&D base will not just help the company grow, but will have a huge impact on the growth of the market in the coming years. A few other factors have influenced the growth of the market and the same have been discussed in detail, in the report.
North America Dominates the Global Market Driven by Increasing Water Treatment R&D Facilities
The report analyses the ongoing water and wastewater treatment market trends across North America, Latin America, Asia Pacific, and the Middle East and Africa. Among these regions, the market in North America currently dominates the global market owing to the presence of several water and wastewater R&D facilities across this region.
As of 2018, the water & wastewater treatment market in North America was worth USD 104.53 billion and this value is projected to increase further in the coming years. Besides North America, the market Asia Pacific will witness considerable growth in the coming years driven by massive investments by countries such as China, India, and Japan.