USD 281.75 billion
Report ID: SQSG20L2008 | Region: Global | Published Date: November, 2022 | Pages: 225 | Tables: 90 | Figures: 76
U.S. Water And Wastewater Treatment Technologies Market size was valued at USD 281.75 billion in 2021 and is poised to grow from USD 296.1 billion in 2022 to USD 440.85 billion by 2030, growing at a CAGR of 5.1% in the forecast period (2023-2030).
A rapid growth in industrialization and urbanization along with high diminishing freshwater supplies are major factors expected to drive the growth of the U.S. water and wastewater treatment technologies during the forecast period. Moreover, rising concerns related to environment with the need to follow stringent regulations implied by government bodies in the country are further anticipated to boost the market growth over the coming years.
Furthermore, presence of advanced and well-developed water and wastewater treatment infrastructure coupled with the growing need for the upgradation of existing facilities of the aging infrastructure in the United States is likely to augment the market growth. Additionally, an extensive rise in the demand for clean water from various refineries and high development of several superior components to better treatment in oil & gas and manufacturing industries are estimated to contribute significantly to the growth of the market.
U.S. Water And Wastewater Treatment Technologies Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 281.75 billion
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U.S. Water and Wastewater Treatment Technologies Market is segmented on the basis of equipment, process, application, and region. By equipment, the U.S. Water and Wastewater Treatment Technologies Market is sub-segmented into membrane separation, biological, disinfection, and others. By process, the U.S. Water and Wastewater Treatment Technologies Market is categorized into primary, secondary, and tertiary. By application, the market is classified into municipal and industrial.
U.S. Water and Wastewater Treatment Technologies Market Analysis by Equipment
By equipment, the membrane segment accounted for the largest market share in 2021 and is expected to continue its dominance throughout the forecast period. Increasing prevalence of membrane separation as a physical treatment procedure which includes high-pressure feed water through a semi-permeable membrane is major factor influencing the market growth significantly. Moreover, increasing technological advancements and introduction to many new treatment techniques are also anticipated to fuel the market growth over the coming years.
Furthermore, the biological treatment is likely to grow at fastest growth rate over the forecast period owing to high usage in the process of removing contaminants after primary treatment. In addition, stringent government regulations regarding control over water pollution in the manufacturing and many other sectors is propelling the market growth at high rate.
U.S. Water and Wastewater Treatment Technologies Market Analysis by Application
By application, the municipal segment held the largest market share in 2021 owing to increasing urban population and various favorable government policies to promote infrastructure development are major factors driving the growth of the segment market. Municipal wastewater treatment facilities mainly used for the protection of water resources and natural aquatic system by eliminating nutrients and pathogens. Hence, increasing popularity of these treatment facilities in the region in likely to fuel the market growth exponentially over the coming years.
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U.S. water and wastewater treatment technologies market is expected to grow rapidly during the coming years due to the rising urban population and high adoption of advanced technologies coupled with the growing government efforts on reducing water pollution level in the country. Moreover, increasing demand and penetration for energy-efficient and advanced water treatment systems in the region coupled with the continuously growing number of vendors and service providers for providing enhanced water treatment facilities is fueling the regional market growth and expected to do so in the near future at a significant rate.
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U.S. Water and Wastewater Treatment Technologies Market Drivers
A rapid growth in the advancements of wastewater technology coupled with the rising opportunities in several different sectors including oil & gas and equipment sector are key major factors projected to drive the growth of the U.S. water and wastewater treatment technologies market during the forecast period. In addition, the growth of the market is also driven by stringent regulations on safe and appropriate usage of wastewater treatment systems and improvement in process of water treatment is anticipated to propel the market over the coming years.
U.S. Water and Wastewater Treatment Technologies Market Restraint
High maintenance and operational costs of advanced treatment technologies is key factor expected to hinder the growth of the U.S. water and wastewater treatment technologies market over the forecast period. In addition, deterioration of existing water infrastructure and the issues related to the aging water are also likely to be hamper the growth of the market in the coming years.
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The U.S. water and wastewater treatment technologies market is moderately competitive with the presence of many well-known international and regional companies operating around the country. Key market companies are focusing on some business developing strategies such as collaborations, mergers & acquisitions, partnerships, new technology advancement for the expansion of their geographical presence and strengthen their market position to stay ahead of their competitors.
U.S. Water and Wastewater Treatment Technologies Market Top Player’s Company Profiles
U.S. Water and Wastewater Treatment Technologies Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the U.S. water and wastewater treatment technologies market is projected to have a significant growth during the forecast period due to an extensive growth in demand for advanced treatment technologies and growing penetration of clean water across the country is major factors driving the growth of the market. Moreover, increasing efforts by key market players on the reduction of operational cost coupled with the growing number of innovations, which is accelerating the market significantly over the coming years. However, some issues and concerns associated with water treatments such as bacteria control, maintenance problems, and poor monitoring and record keeping problems are expected to hinder the growth of the market growth.
|Market size value in 2021||USD 281.75 billion|
|Market size value in 2030||USD 296.1 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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Parent Market Analysis
KEY MARKET INSIGHTS
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For the U.S. Water And Wastewater Treatment Technologies 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 U.S. Water And Wastewater Treatment Technologies 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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