USD 12.8 billion
Report ID: SQMIG55D2003 | Region: Global | Published Date: July, 2023 | Pages: 157 | Tables: 134 | Figures: 77
Industrial Wastewater Treatment Market size was valued at USD 12.8 billion in 2021 and is poised to grow from USD 13.48 billion in 2022 to USD 20.37 billion by 2030, growing at a CAGR of 5.3% in the forecast period (2023-2030).
Growing environmental concern about wastewater's impacts and an increase in the incidence of different chronic illnesses are two main factors influencing the growth of the industrial wastewater treatment industry. The demand for effective wastewater treatment has grown as a result of environmental concerns about soil degradation and the pollution of marine ecosystems and creatures. Additionally, wastewater serves as a vector for a number of chronic illnesses that are extremely detrimental to the environment and living things, including cholera, typhoid, diarrhea, amoebiasis, and others. According to the World Health Organization (WHO), 3.4 million people die from waterborne illnesses each year.
One of the biggest problems of the twenty-first century, according to the Office for the Coordination of Humanitarian Affairs (OCHA) of the United Nations (UN), is wastewater. The Centers for Disease Control and Prevention states that every year in the United States, infections spread through water cause over 7.2 million individuals to become ill. Several newer, more effective technologies have been used to help the problem. For instance, membrane filtering systems, sophisticated oxidation processes, and a few more cutting-edge techniques are employed to treat industrial wastewater.
Additionally, strict standards and regulations established by various governments in various nations are a significant component boosting the market's revenue growth. For instance, the UN Environment Programme started the Global Wastewater Initiative to promote effective wastewater management practices and try to shift people's perceptions of wastewater from being a waste product to being a highly valued resource. Additionally, to address the wastewater issue and raise awareness among decision-makers about the potential of wastewater as a resource, the World Bank supported the "Wastewater: From Waste to Resource" initiative throughout the area of Latin America and the Caribbean (LAC). Such government actions are having a favorable effect, driving up demand for industrial Wastewater Treatment and Wastewater Treatment Plants significantly (WWTPs).
US Industrial Wastewater Treatment Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 12.8 billion
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The industrial wastewater market is segmented based on application, technology, end use, process, and region. By application, the market is segmented into boiler feed water, chemical production, cooling towers, closed loop chillers, air compressors, air washers, pharmaceutical production, and others. By technology, the market is segmented into biological treatment, membrane bioreactors, activated sludge, reverse osmosis, membrane filtration, sludge treatment, and others. By end use, the market is segmented into oil & gas, chemical, mining, power, pulp & paper, and others. Based on process, global industrial wastewater treatment market has been segmented into ultrafiltration systems, vacuum evaporation and distillation, reverse osmosis systems, paper bed filters, solid bowl centrifuges, tramp oil separators, vacuum filters, and others. By region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and MEA.
Analysis by End-use
The food & beverage segment's industrial wastewater treatment market is anticipated to see the greatest rate of revenue growth throughout the projected period. High pollutant loads increase the cost of treatment and necessitate a sizable storage tank for equalization at the head of the treatment system. For the treatment of high-strength wastewater generated in the food and beverage processing sectors, such as champagne and beer manufacturing, the Immersed Membrane Bioreactor (MBR) has been shown to be a critical emerging technology. Currently, a recently installed NEOSEP machine can treat 240,000 gallons each day. For the purposes of bleaching and pulp processing, the paper industry uses a lot of processed water.
The wastewater produced by the paper making process contains sediments, adsorbable organic halides, effluent solids, chlorinated organic compounds, biological oxygen demand, and chemical oxygen demand contaminants.
Analysis by Application
Over the course of the forecast period, the filtration equipment sector of the industrial wastewater treatment market is anticipated to experience considerable revenue growth. Pumping wastewater from a refinery, food/beverage, textile, or oil-produced water application necessitates pre-filtration due to the high amount of suspended particles in typical applications. Lower operating costs for downstream cleaning water treatment facilities are another benefit of filtration in water treatment. In 2021, the sludge treatment segment's revenue contribution was rather modest. The residue that accumulates in sewage treatment systems is called sludge (or biosolids). Prior to final disposal, sludge treatment aims to reduce the amount and stabilize the organic components. Techniques for sludge remediation include thickening, digesting, and dewatering. To increase efficacy without needing a larger land area, new treatment methods have been created.
Analysis by Process
Over the projected period, the solid bowl centrifuges market is anticipated to expand at a consistent revenue rate. Water that contains nearly no physical particles may be recycled and used again thanks to ultrafiltration technology. Among them are the chemical, steel, plastics and resins, paper and pulp, pharmaceutical, and food and beverage sectors. Utilizing the most recent Solid Bowl Centrifuges, mining companies may save up to 90% of their water usage.
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According to regional analysis, Asia Pacific's share of the worldwide industrial wastewater treatment market was highest in terms of revenue in 2021. Leading nations for industrial wastewater management include China, India, Japan, and South Korea. The increased market share can be attributed to the area's rapid population growth and urbanization, rising demand for sophisticated residential water treatment, advancements in membrane technology, increased ecological degradation, limited water resources, and an increasing number of public sector investments in water infrastructure. As one of the world's major economies with rapid industrial development, China produces a significant amount of garbage. China emitted 55.7 billion cubic meters of wastewater in 2020, 26% of which came from industrial sources, according to the International Trade Administration (ITA). As part of its growth goal to move toward a cleaner and more sustainable economy, China wants to spend USD 50 billion in a variety of heavily polluting industries, including textiles, printing, coal mining, pharmaceutical manufacture, oil and gas extraction, and steel production.
North American market is anticipated to experience consistent revenue growth. In this area, the U.S. dominates the market, followed by nations like Canada, Cuba, Mexico, Jamaica, and others. Due to a lack of drinking water, there is a global need for clean, pure water. The spread of certain illnesses through water necessitates the supply of clean drinking water and supports the expansion of the market for wastewater treatment services. As a consequence of stringent environmental regulations that forbid the disposal of waste effluents into water, the North American market has expanded. Due to growing levels of water pollution, all of the country's aquatic bodies are contaminated with effluents and are lifeless. Governments in North American nations are acting to provide clean and safe water as a result. The existence of numerous important businesses, including Xylem, Veolia, Dow, and others, is a significant contributor to North America's growth in the wastewater treatment industry. These businesses are offering a number of innovations that are changing the nation's economy on a worldwide scale. For instance, Xylem, a leading global water technology company committed to solving the most challenging water challenges, has created the wastewater pumping device with integrated intelligence. It is the first piece of pumping equipment in the world with such a diverse array of integrated technologies. This cutting-edge, intelligent, networked wastewater pumping system from the Flygt brand of Xylem detects the operating conditions of its surroundings, adapts its performance in real-time, and provides feedback to pumping station operators.
One of the key regional markets in the worldwide industry, the industrial wastewater treatment market in Europe has experienced rapid expansion. Due to large industrial advancements, high utilization by several end-use sectors, including power, chemicals, manufacturing, food & beverage, and increasing disposal of industrial wastewaters, Germany holds a significant market share in this area.
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Stringent Regulations to Prevent Environmental Hazards will Drive Demand for Industrial Wastewater Treatment
Heavy Operational Cost might Hinder Market Growth
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With several large companies competing on a worldwide and regional scale, the industrial wastewater treatment industry is extremely competitive and fragmented. To increase their market share, major firms are forming partnerships, expanding their portfolios, and doing research and development. The top businesses also employ mergers and acquisitions, new product launches, geographical expansions, partnerships, collaborations, and agreements to increase their market share.
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According to our analysis, the need for cutting-edge technology is expected to increase due to the requirement for effective wastewater treatment methods in order to adhere to strict regulatory requirements. In order to save water and cut the price of effluent disposal, the industry is moving toward on-site and decentralized wastewater treatment systems. During the forecast period, rising awareness of the advantages of wastewater treatment, such as lowering environmental pollution and preserving water resources, is anticipated to fuel market expansion. Additionally, government programs to support wastewater treatment are anticipated to increase demand for wastewater treatment throughout the course of the projection period.
|Market size value in 2021||USD 12.8 billion|
|Market size value in 2030||USD 13.48 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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For the Global Industrial Wastewater Treatment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Industrial Wastewater Treatment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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