Water and Wastewater Treatment Technologies Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The water and wastewater treatment technologies market size was estimated at USD 50.56 billion in 2020, and the market is projected to register a CAGR of over 7% during the forecast period (2021-2026).

The market was negatively impacted by COVID-19 in 2020. The outbreak of coronavirus has resulted in the halting of operation in water and wastewater treatment facilities and caused the delay in the construction of new water and wastewater treatment facilities. In the global chemical industry, the manufacturing operations of major companies have been scaled down to 40%-60% capacity due to labor shortages and disruptions in the supply of raw material. According to the American Chemistry Council, Europe, North America, and Asia-Pacific registered a production drop of around 3.1%, 2.3%, and 1%, respectively, during April-May 2020. Globally, around 4% of the new construction projects of water and wastewater treatment facilities are canceled, which has impacted the market for water and wastewater treatment technologies.

• Over the short term, one of the major driving factors of the market is the rapidly diminishing freshwater resources across the world. Increasing demand from shale gas exploration activities, along with growing wastewater complexities in developing economies, is likely to boost the market growth.
• However, a lack of awareness on optimum utilization of water treatment techniques is likely to restrain the market.
• Active research on water treatment technologies may provide opportunities for market growth in the future.
• Middle-East and Africa is likely to witness the highest growth rate during the forecast period.

Scope of the Report

Water and wastewater treatment technologies are a set of processes to remove contaminants from wastewater or sewage from various industries, commercial buildings, and others and converting it into an effluent that can be released into the environment with reduced harmful impact. The market is segmented on the basis of type, end-user industry, and geography. By type, the market is segmented into oil/water separation, suspended solids removal, dissolved solids removal, biological treatment/nutrient and metals recovery, disinfection/oxidation, and other types. By end-user industry, the market is segmented into municipal water and wastewater treatment, food and beverage, pulp and paper, oil and gas, healthcare, poultry and aquaculture, chemical and petrochemical, and other end-user industries. The report also covers the market size and forecasts for the water and wastewater treatment technologies market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

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Key Market Trends

Municipal Water and Wastewater Treatment to Dominate the Market

• Wastewater treatment is necessary and used across the world, in different cities. The major applications of treatment technologies include preliminary treatment, primary and secondary treatment, tertiary treatment, biological nutrient removal (BNR), resource recovery, energy generation, etc.
• Moreover, municipal wastewater treatment involves a lot of biomass. Therefore, biological treatment is a major step used for the treatment of biowaste.
• The global water consumption rate has been increasing by 100% every twenty years. The rising scarcity of potable water, coupled with the growing population and increasing water demand, is the major concern that has been driving the demand in the market studied.
• North America and Europe are adopting the latest technologies in wastewater treatment at a faster rate than in other regions. The developed regions of North America and Europe are expected to continue the momentum of adaptation of the latest technologies.
• The United States is one of the highest consumers of water in the world, with 160 gallons of per capita consumption. Around 80% of the US water and wastewater treatment industry is owned and managed publicly. Mexico holds more than 1500 wastewater treatment plants.
• In the United States, approximately 19% of the population are dependent on septic tanks to treat and dispose of wastewater. Around 14,748 publicly owned treatment works are providing wastewater collection, treatment, and disposal services to approximately 238 million residents in the country.
• In the Asia-Pacific region, China, India, and ASEAN countries are likely to witness significant demand due to an increase in urbanization. In its 13th Five-Year Plan, China announced an investment of USD 48 billion for urban wastewater treatment. With municipal wastewater being the largest source of urban wastewater generated, the demand for water treatment technologies is expected to increase rapidly.
• The majority of drinking water used in Israel and Saudi Arabia is generated from the desalination process, which is likely to boost the demand for municipal water and wastewater treatment technologies. With an ambitious goal of achieving 100% usage of treated wastewater by 2025, Saudi Arabia is expected to become the third-largest water reclamation and reuse market across the world. Currently, Saudi Arabia’s municipal wastewater treatment and reuse sector is valued at over USD 4.5 billion.
• With an estimated USD 23 billion investment in wastewater treatment and reuse-related capital improvement projects over the next 20 years, the demand for the market studied is expected to through the forecast period. Hence, the municipal water and wastewater treatment industry is likely to dominate the market during the forecast period.

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