Market Size of Water And Wastewater Treatment Technologies Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 61.46 Billion |
| Market Size (2029) | USD 85.28 Billion |
| CAGR (2024 - 2029) | > 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Water and Wastewater Treatment Technologies Market Analysis
The Water And Wastewater Treatment Technologies Market size is estimated at USD 61.46 billion in 2024, and is expected to reach USD 85.28 billion by 2029, growing at a CAGR of greater than 6% during the forecast period (2024-2029).
The COVID-19 pandemic negatively impacted the market. It was because of the shutdown of the manufacturing facilities and plants due to the lockdown and restrictions. Supply chain and transportation disruptions further created hindrances for the market. However, the industry witnessed a recovery in 2021, thus rebounding the demand for the market studied.
- Over the short term, rapidly diminishing freshwater resources worldwide, increasing demand from shale gas exploration activities, and growing wastewater complexities in developing economies are some factors driving the market's growth studied.
- On the flip side, the high cost of water treatment plants is expected to hinder the studied market's growth.
- However, innovations in water treatment technologies are anticipated to act as an opportunity for the market studied.
- Asia-Pacific is likely to witness the highest growth rate during the forecast period.
