Industrial Wastewater Treatment Service market size is expected to reach USD 31.70 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research.
Steady market revenue growth can be attributed to rising need to meet government wastewater quality requirements. Industries are increasingly adopting industrial wastewater treatment services to meet stringent pretreatment or direct discharge treatment norms and prerequisites, which is expected to drive growth of this market across developed and developing countries.
The report is primarily targeted at the Industrial Wastewater Treatment Service industry participants and stakeholders that can capitalize on the contents of this report and make informed business decisions during the forecast period. The authors have studied the historical background of the Industrial Wastewater Treatment Service market, keeping in mind the organic and inorganic growth prospects and threats for the market. Thus, the latest report offers precise estimates of the global market size for the forecast period.
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Some Key Highlights From the Report
- In February 2020, Biochemica Water Ltd., which is a water and wastewater treatment specialist, was acquired by water technology expert Veolia Water Technologies UK. The acquisition would support Veolia in becoming one of the leading end-to-end suppliers to municipal and industrial sectors in the UK.
- Filtration segment accounted for largest revenue share in 2020. Industries are increasingly adopting wastewater filtration as it removes all leftover trace amounts of suspended solids from wastewater and allows for proper disposal of contaminants.
- Operation process control segment revenue is expected to expand at a rapid CAGR during the forecast period. Rapid industrial development in developing countries is driving increasing deployment of operation process control services in various industries for wastewater treatment.
- Power generation segment accounted for a significantly high revenue share in the industrial wastewater treatment service market in 2020. Rising need to achieve waste minimization goals for water reuse, flue gas desulfurization, or for specific contaminant removal such as for heavy metals is expected to increase utilization of wastewater treatment services.
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Geographical Backdrop:
The global Industrial Wastewater Treatment Service market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Industrial Wastewater Treatment Service market across major geographies.
Asia Pacific accounted for largest revenue share contribution to the global industrial wastewater treatment service market in 2020. Increasing volumes of contaminants released from industries, increasing industrial activities, and rapidly reducing fresh water sources are factors driving demand for industrial wastewater treatment services in countries in the region.
Emergen Research has segmented the global industrial wastewater treatment service market on the basis of treatment method, service type, end-use, and region:
- Treatment Method Outlook (Revenue, USD Billion; 2018–2028)
- Filtration
- Disinfection
- Desalination
- Testing
- Service Type Outlook (Revenue, USD Billion; 2018–2028)
- Operation Process Control
- Design Engineering Consulting
- Building Installation
- Maintenance Repair
- Others
- End-use Outlook (Revenue, USD Billion; 2018–2028)
- Chemical Pharmaceutical
- Power Generation
- Metals Mining
- Pulp Paper
- Oil Gas
- Others
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