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NEW YORK , May 2, 2022 /PRNewswire/ -- In 2021, the wastewater treatment plants market was predicted to be worth $117.2 billion , which will grow at a CAGR of 5.8% from 2021 to 2030, to $194.5 billion . The limited freshwater quantity throughout the world, as well as government environmental laws, are the primary drivers for the industry growth. Over the last 100 years, worldwide freshwater use has climbed sixfold. Furthermore, agriculture uses 69% of the world's water, primarily for irrigation.
Therefore, many key players in the wastewater treatment plants market are actively building and investing in new such facilities, to meet the booming water demand. These players include Bioxica, Hera Group, Organica Water, Ecofluid, Evoqua Water Technologies, Mitsubishi Chemical Aqua Solutions, Kubota Corporation, Fluence Corporation, Veolia, and Suez.
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Key Findings of Wastewater Treatment Plants Market Report
Industrial wastewater is increasingly being treated with the electrochemical technology, to recover valuable products, such as chemicals, metals, salts, and nitrogen. Chemical oxidants are formed by redox reactions on the surface of the electrodes in this process. Various approaches, including electrochemical oxidation and reduction, electrochemical coagulation, and electrodialysis, and the microbial electrochemical technology can be used to accomplish this.
Browse detailed report on Global Wastewater Treatment Plants Market Size and Growth Forecast Report, 2030
Flow rates range from a few cubic meters to 20,000 cubic meters per day in electrochemical treatment facilities for drinking water, process water, and brackish water. For low-to-medium wastewater flow rates, of up to 500 cubic meters per day, electrochemical techniques are often utilized.
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