Water and Wastewater Treatment Market Worth USD 662.75 Billion by 2032 | Emergen Research
Water and Wastewater Treatment Market Worth USD 662.75 Billion by 2032 | Emergen Research Yahoo Finance
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Sustainable Development Goals and the Water and Wastewater Treatment Market
Introduction
Stringent government regulations regarding industrial and municipal wastewater emissions and growing environmental concerns are driving the demand of the market.
Vancouver, Oct. 05, 2023 (GLOBE NEWSWIRE) — The global Water and Wastewater Treatment Market will be worth USD 662.75 Billion by 2032, according to a current analysis by Emergen Research. The growth of this market can be attributed to the stringent government regulations regarding industrial and municipal wastewater emissions. The technological advancement of the manufacturing and production processes has increased the quantity of waste generated.
Market Drivers
The stringent regulations have resulted in the growing adoption of wastewater treatment facilities by the industrial sector to control the discharge of the effluents and suspended solid particles. The requirement of upgrading the aging wastewater treatment infrastructure has resulted in the increasing adoption of the wastewater treatment facilities by municipal corporations. Rising investment by the government for the technological advancement of the wastewater treatment facilities is most likely to propel the market’s growth.
Scope of Research
| Report Details | Outcome |
| Market size value in 2019 | USD 283.98 Billion |
| CAGR (2020 – 2027) | 7.0% |
| Revenue forecast in 2032 | USD 662.75 Billion |
| Base year for estimation | 2019 |
| Historical data | 2016-2018 |
| Forecast period | 2020-2027 |
| Quantitative units | Volume in Tons, Revenue in USD Thousand, and CAGR from 2020 to 2027 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Product & Service, Application, region |
| Regional scope | North America; Europe; Asia Pacific; Central & South America; MEA |
| Country scope | U.S.; Canada; Mexico; U.K.; Germany; France; Italy; Spain; China; India; Japan; South Korea; Brazil; Saudi Arabia; South Africa; Turkey |
| Key companies profiled | Acciona, Veolia, Ecolab Inc., SUEZ S.A., Kurita Water Industries, Xylem Inc., DuPont, Orenco systems, Hydro International, and Aquatech International LLC |
| Customization scope | 10 hrs of free customization and expert consultation |
Market Challenges
High capital investment required for advanced water and wastewater treatment might restrict the growth of the industry. Moreover, the high cost of industrial wastewater treatment is expected to hamper the demand for the treatment facilities.
Major Companies and Market Share Analysis
The Water and Wastewater Treatment Market is moderately fragmented with a large number of small and medium-sized manufacturers, which account for a major part of the global share. The manufacturers are well-equipped with manufacturing facilities and are involved in several research & development activities. Some of the prominent players in the Water and Wastewater Treatment Market include:
In March 2019, U.S. Water services,
SDGs, Targets, and Indicators Relevant to the Article
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
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.
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
- Reduction in industrial and municipal wastewater emissions
- Adoption of wastewater treatment facilities by the industrial sector
- Upgrading of aging wastewater treatment infrastructure
- Investment by the government for technological advancement of wastewater treatment facilities
- High capital investment required for advanced water and wastewater treatment
- Cost of industrial wastewater treatment
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. | – Reduction in industrial and municipal wastewater emissions – Adoption of wastewater treatment facilities by the industrial sector – Upgrading of aging wastewater treatment infrastructure |
| 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. | – Adoption of wastewater treatment facilities by the industrial sector – Investment by the government for technological advancement of wastewater treatment facilities – High capital investment required for advanced water and wastewater treatment |
| 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. | – Upgrading of aging wastewater treatment infrastructure – Cost of industrial wastewater treatment |
| 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. | – Reduction in industrial and municipal wastewater emissions – Cost of industrial wastewater treatment |
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: finance.yahoo.com
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