Latin America Water and Wastewater Treatment Market to be Worth $52.9 Billion by 2030
Latin America Water and Wastewater Treatment Market to be Worth $52.9 Billion by 2030 Benzinga
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Meticulous Research Report: Latin America Water and Wastewater Treatment Market
Introduction
Meticulous Research, a leading global market research company, has published a research report titled “Latin America Water and Wastewater Treatment Market by Type, Offering (Treatment Technologies, Process Control and Automation, Treatment Chemicals), Application (Municipal Applications, Industrial Applications), and Country – Forecast to 2030.”
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Sustainable Development Goals (SDGs)
- Goal 6: Clean Water and Sanitation
- Goal 9: Industry, Innovation, and Infrastructure
- Goal 11: Sustainable Cities and Communities
- Goal 12: Responsible Consumption and Production
- Goal 13: Climate Action
Market Overview
The Latin America water and wastewater treatment market is projected to reach $52.9 billion by 2030, at a CAGR of 4.4% from 2023 to 2030. The growth of the market is driven by the increasing prevalence of waterborne diseases, rapidly diminishing freshwater resources, and stringent water treatment regulations. However, high installation, maintenance, and operating costs restrain the market’s growth. The growing demand for energy-efficient and advanced water treatment technologies presents growth opportunities in the market. One of the major challenges for players in this market is the lack of waste collection and treatment infrastructure.
Market Segmentation
The Latin America water and wastewater treatment market is segmented by type, offering, application, and country/region.
Type
The market is segmented into wastewater treatment and water treatment. In 2023, the wastewater treatment segment is expected to account for the largest share of the market. This is attributed to the growing demand for sustainable and efficient wastewater treatment solutions, stringent regulations, initiatives for zero liquid discharge, and increasing awareness about environmental pollution. The wastewater treatment segment is projected to register the highest CAGR during the forecast period.
Offering
The market is segmented into treatment technologies, treatment chemicals, process control and automation, design, engineering, construction services, and operation and maintenance services. In 2023, the operation and maintenance services segment is expected to account for the largest share of the market. This is attributed to the increasing adoption of innovative and advanced solutions, stringent regulatory requirements, the need for operational excellence, investments in maintenance operations, complexities of water and wastewater treatment facilities, and the focus on cost and energy-saving benefits. The process control and automation segment is slated to register the highest CAGR during the forecast period.
Application
The market is segmented into municipal applications and industrial applications. In 2023, the municipal applications segment is expected to account for the larger share of the market. This is attributed to the increasing number of wastewater treatment projects, focus on improved water quality and public health, and stringent regulations regarding wastewater. The industrial applications segment is slated to register the highest CAGR during the forecast period due to industrialization, urbanization, focus on water quality, water reuse, and advancements in industrial wastewater treatment technologies.
Country/Region
The market is segmented into Brazil, Chile, Argentina, and the Rest of Latin America. In 2023, Brazil is expected to account for the largest share of the market. This is attributed to the growing awareness about environmental pollution, waste and wastewater management regulations, adoption of advanced technologies, rapid industrialization, and adoption of treatment technologies in various industrial applications. Brazil is projected to register the fastest growth rate during the forecast period.
Key Players
The key players operating in the Latin America water and wastewater treatment market are Suez S.A., Veolia Environnement S.A., Xylem, Inc., DuPont de Nemours, Inc., 3M Company, Inc., Pentair plc, The Dow Chemical Company, Thermax Limited, Wog Technologies, and Burns & McDonnell.
Conclusion
The Latin America water and wastewater treatment market presents significant growth opportunities driven by the Sustainable Development Goals (SDGs). The market is expected to reach $52.9 billion by 2030, with wastewater treatment and operation and maintenance services segments leading the way. Brazil is the largest market in the region, driven by environmental awareness and industrialization. Key players in the market include Suez S.A., Veolia Environnement S.A., and Xylem, Inc.
SDGs, Targets, and Indicators
1. Which SDGs are addressed or connected to the issues highlighted in the article?
- SDG 6: Clean Water and Sanitation
- SDG 9: Industry, Innovation, and Infrastructure
- SDG 11: Sustainable Cities and Communities
- SDG 12: Responsible Consumption and Production
- SDG 13: Climate Action
2. What specific targets under those SDGs can be identified based on the article’s content?
- SDG 6.3: By 2030, improve water quality by reducing pollution, eliminating dumping, and minimizing release of hazardous chemicals and materials.
- SDG 9.4: By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes.
- SDG 11.6: By 2030, reduce the adverse per capita environmental impact of cities, including by paying special attention to air quality and municipal and other waste management.
- SDG 12.4: By 2020, achieve the environmentally sound management of chemicals and all wastes throughout their life cycle, in accordance with agreed international frameworks, and significantly reduce their release to air, water, and soil in order to minimize their adverse impacts on human health and the environment.
- SDG 13.2: Integrate climate change measures into national policies, strategies, and planning.
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
Yes, the following indicators can be used to measure progress towards the identified targets:
- Reduction in waterborne diseases
- Diminishing freshwater resources
- Stringent water treatment regulations
- Installation, maintenance, and operating costs of water and wastewater treatment
- Adoption of energy-efficient and advanced water treatment technologies
- Availability of waste collection and treatment infrastructure
Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 6: Clean Water and Sanitation | 6.3: Improve water quality by reducing pollution, eliminating dumping, and minimizing release of hazardous chemicals and materials. | – Increasing prevalence of waterborne diseases – Diminishing freshwater resources – Stringent water treatment regulations |
| SDG 9: Industry, Innovation, and Infrastructure | 9.4: Upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes. | – High installation, maintenance, and operating costs of water and wastewater treatment – Growing demand for energy-efficient and advanced water treatment technologies – Lack of waste collection and treatment infrastructure |
| SDG 11: Sustainable Cities and Communities | 11.6: Reduce the adverse per capita environmental impact of cities, including by paying special attention to air quality and municipal and other waste management. | – Lack of waste collection and treatment infrastructure – Growing focus on achieving cost and energy-saving benefits in water and wastewater treatment facilities |
| SDG 12: Responsible Consumption and Production | 12.4: Achieve the environmentally sound management of chemicals and all wastes throughout their life cycle, in accordance with agreed international frameworks, and significantly reduce their release to air, water, and soil in order to minimize their adverse impacts on human health and the environment. | – High installation, maintenance, and operating costs of water and wastewater treatment – Growing demand for energy-efficient and advanced water treatment technologies |
| SDG 13: Climate Action | 13.2: Integrate climate change measures into national policies, strategies, and planning. | – Growing demand for energy-efficient and advanced water treatment technologies – Growing need to monitor and control wastewater treatment plants |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: benzinga.com
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