Wastewater Treatment Market 2022 Trends, Demand and Scope with Outlook, Business Strategies, and Forecast till 2030 | Taiwan News | 2022-07-11 07:59:08

2022-07-22 23:48:39 By : Ms. Lily luo

Report Ocean published the latest research report on the Wastewater Treatment market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Wastewater Treatment market study demonstrates a detailed examination of the business state, which represents creative ways for company growth, financial factors such as production value, key regions, and growth rate.

The global Wastewater Treatment market in 2021 was valued at USD 250.38 Billion and is anticipated to grow at a CAGR of 7.41% from 2021 to 2030.

The digital economy affects the world’s trajectory and the societal well-being of common citizens. In addition, it influences everything from resource assignment to income allocation and economic growth. The adoption of the Internet of Things is pushing significant market growth. Additionally, in 5-10 years, the latest technologies such as robotics, AI, and augmented reality can illustrate around 27% of ICT spending. Consumer demand for access to content and products at any time and from any location is propelling the ICT market forward. The ICT sector is lucrative for vendors since it has about 7 billion mobile subscribers and 3 billion Internet, users.

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The market is expected to be driven by the continuously rising population and urbanization increase demand to regulate wastewater is also anticipated to boost market growth. Moreover, increased environmental initiatives by government worldwide for low waste generation are also expected to boost the market growth. However, ageing infrastructure in developed countries and high installation, equipment & operations costs are anticipated to negatively hamper the market growth.

The market is divided on the basis of offerings and application. Based on offerings, the technologies segment is anticipated to hold the largest market share and the services segment is expected to witness the fastest growth rate of 8.3% during the projected period. On the basis of application, the municipal segment is estimated to grow at the highest growth rate of 7.72% over the forecast period Based on region, the global Wastewater Treatment market is divided into Asia Pacific, Europe, North America, South America, and Middle East & Africa. North America accounted for the largest market share owing to the presence of major players in the region. Asia Pacific is expected to witness the fastest growth rate of 8.62% owing to adoption of advanced technologies for wastewater treatment. The approximate market share of the major 18 players in the market is about 80%. Prominent players in the global Wastewater Treatment market include Suez Environnement S.A., Xylem, Inc., DuPont de Nemours, Inc., Evoqua Water Technologies Corporation, 3M Company, Inc., Pentair plc, United Utilities Group P.L.C., Kingspan Water & Energy, The Dow Chemical Company, Kemira Oyj, BASF SE, Calgon Carbon Corporation, Kurita Water Industries Ltd., Bio-Microbics, Inc., Trojan Technologies Inc., Aquatech International Corporation, ASIO, spol. S r.o., Scinor Water America, L.L.C., Orenco Systems, Inc., Elgressy Engineering Services Ltd., Outotec Oyj, Blue Eden CleanTech Solutions Inc., and Other Prominent Players.

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Recent Developments by Market Players in the Global Wastewater Treatment Market  In October 2021, Pentair acquired Pleatco for about USD 255 million. Pleatco deals in manufacturing water filtration and clean air technologies for spa, pool, and industrial air customers.  In July 2021, Kurita collaborated with Toshiba in the field of water treatment for power plants and aimed towards development of services enabling stable wastewater treatment operation as well as reduction of environmental impact.  In June 2021, Xylem, Inc. collaborated with Americares for delivering clean water along with sanitation services to more than 3.5 million people and help to slow down the spread of COVID-19.  In February 2021, 3M announced investing USD 1 billion over the next 2 decades for reducing water usage by 25% and its facilities, achieving carbon neutrality by 2050, and returning higher water quality for the environment after using in its manufacturing operations. Segment Coverage By Offerings ? Services o Designing & Engineering Consult o Building & Installation Services o Operation & Process Control o Maintenance Service o Others ? Technologies o Membrane Separation �?� Reverse Osmosis (R.O.) Membranes �?� Ultrafiltration (U.F.) Membranes �?� Micro-Filtration (M.F.) Membrane �?� Nano-Filtration (N.F.) Membrane �?� Others o Activated Sludge o Clarification o Sludge Thickening and Dewatering o Chlorination o Industrial Demineralization o Sludge Drying o Membrane Bio-Reactor (MBR) o Sludge Digestion o Electrochemical Water Treatment (EEC/EEO) o Others ? Treatment Chemicals o Coagulants & Flocculants o Disinfectants and General Biocidal Products o Scale and Corrosion Inhibitors o Antifoam Chemicals o Ph Conditioners o Others By Application ? Municipal ? Industrial o Manufacturing o Pharmaceuticals and Chemicals o Power o Energy o Pulp and Paper o Mining o Petrochemical o Semiconductors o Others

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