Sewage Treatment Market Soars Due to Escalating Sewage Discharge and Regulatory Push
Sewage Treatment Market Soars Due to Escalating Sewage ... GlobeNewswire
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Sewage Treatment Facilities: Global Strategic Business Report
Dublin, Sept. 26, 2023 (GLOBE NEWSWIRE) — The “Sewage Treatment Facilities: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Introduction
The global sewage treatment facilities market is on the brink of significant expansion, poised to surge from its 2022 estimated valuation of $130.4 billion to a projected size of $221.6 billion by the year 2030. This remarkable growth, with a compound annual growth rate (CAGR) of 6.9% over the analysis period from 2022 to 2030, is detailed in a comprehensive report recently published.
Market Segments and Growth Outlook
The report analyzes various segments of the sewage treatment facilities market, with a particular focus on the Residential sector, which is anticipated to experience a robust 7.7% CAGR, reaching an impressive $121.9 billion by the end of the analysis period. Furthermore, considering the ongoing post-pandemic recovery, the Industrial segment’s growth outlook has been revised upward to a 6.5% CAGR for the next eight years.
Regional Market Analysis
U.S. Market Holds Strong, While China Propels Growth at 8.6% CAGR
In the United States, the sewage treatment facilities market is estimated at $31.4 billion for the year 2022. Meanwhile, China, the world’s second-largest economy, is set to achieve a remarkable market size of $32.6 billion by 2030, driven by an impressive CAGR of 8.6% during the analysis period spanning 2022 to 2030.
Notably, Japan and Canada are also expected to exhibit substantial growth, with both countries forecasted to expand at a 5.3% CAGR over the same 2022-2030 period. Within Europe, Germany is projected to grow at an approximate CAGR of 6.4%. In the dynamic Asia-Pacific region, countries such as Australia, India, and South Korea are anticipated to play pivotal roles, contributing to a market valuation of $37.9 billion by the year 2030.
Key Factors Driving Market Expansion
The global sewage treatment facilities market is experiencing rapid growth due to several key factors. First and foremost, the escalating volume of sewage discharge, driven by expanding populations and urbanization, has created an urgent need for sewage treatment facilities to ensure the availability of clean water resources.
Additionally, deteriorating water quality and the widening gap between safe and reliable water supply sources are intensifying the demand for wastewater treatment. Governments and stringent regulations are playing a pivotal role in fostering increased investments in sewage treatment facilities, especially in regions witnessing a surge in industrial activities.
Moreover, advanced sewage treatment technologies are gaining prominence to address the threat of micropollutants and overcome the limitations of conventional wastewater treatments. In low-income economies, the limited availability of wastewater treatment services presents a significant challenge. The importance of sewage treatment plants is further underscored by the growing threat of waterborne diseases through sewage discharges, emphasizing the critical need for effective sewage treatment.
Key Market Players
Several key players are contributing to the robust growth of the sewage treatment facilities market, including:
- 3M Company
- Aquatech International LLC
- Emerson Electric Co.
- Evoqua Water Technologies LLC
- Hitachi, Ltd.
- Suez Environnement S A
These companies are actively shaping the industry landscape and driving innovation in sewage treatment technologies.
Additional Insights
In addition to the sewage treatment market insights, the report provides special coverage on pressing global issues, including the Russia-Ukraine war, global inflation, the easing of China’s zero-Covid policy, supply chain disruptions, global trade tensions, and the risk of recession. It also offers valuable insights into global competitiveness and key competitor percentage market shares.
The report includes an assessment of market presence across multiple geographies, categorizing companies as Strong, Active, Niche, or Trivial. Furthermore, it provides access to online interactive peer-to-peer collaborative bespoke updates and digital archives, ensuring that stakeholders have access to the most up-to-date information in the rapidly evolving sewage treatment industry.
Key Attributes of the Report
- Number of Pages: 585
- Forecast Period: 2022 – 2030
- Estimated Market Value (USD) in 2022: $130.4 Billion
- Forecasted Market Value (USD) by 2030: $221.6 Billion
- Compound Annual Growth Rate: 6.9%
- Regions Covered: Global
For more in-depth insights and a comprehensive understanding of the global sewage treatment facilities market, access the full report.
For more information about this report visit https://www.researchandmarkets.com/r/vs1e17
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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Source: globenewswire.com
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