The global wastewater treatment market was valued at ~USD 260 billion in 2020 and it is expected to grow at a CAGR of 6.5% from 2020 to 2027. Rising demand for clean water due to rapid urbanization and industrialization, coupled with diminishing freshwater resources is expected to drive the global wastewater treatment market. North America generates the highest demand for wastewater treatment. It accounted for more the 35% of revenue share in the global wastewater treatment industry. Whereas, APAC is expected to witness the highest growth rate during the forecast period owing to large scale investments in China and India on developing sludge process based effluent treatment to improve water quality and sanitation services.
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Wastewater treatment is a process to remove organic matter and other contaminants from wastewater. These treatments aim to make the wastewater clean and safe enough to discharge back into the environment without harming nearby residents or the local ecosystem. Cities and municipalities use wastewater treatment plants to clean sewage and storm water. Whereas, an industrial production facility has an on-site wastewater treatment plant to decontaminate its chemical-filled process water. They can also collaborate with nearby facilities for wastewater treatment. Following are the four major types of wastewater treatment:
- Sewage Treatment Plants (STPs)
- Effluent Treatment Plants (ETPs)
- Activated Sludge Plants (ASPs)
- Common and Combined Effluent Treatment Plants (CEPTs)
Cost Drivers
Fixed costs play a major role in determining the overall cost of wastewater treatment services. Land cost and installation cost are the two major fixed costs. Installation costs can be categorized based on the function of machinery and equipment. The reactor cost accounted for ~40% of the overall cost of installation followed by filter installation cost. Variable costs include labor and maintenance costs. It accounted for less than 20% of the overall cost of wastewater treatment services.
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The Covid-19 pandemic has slowed down investments in the water sector worldwide in 2020. Many large industrial users of water have reduced activities resulting in declining industrial demand. The industrial water demand has fallen by more than 25% in 2020. This decline in demand from large industrial and commercial users due to lockdowns and travel restrictions has reduces revenues to water utilities significantly. Moreover, the supply shortage of chemicals used for wastewater treatment globally is anticipated to hinder the growth of the market during the forecast period.
Key Players:
- Suez Environnement S.A.
- Xylem, Inc.
- DuPont de Nemours, Inc.
- Evoqua Water Technologies Corporation
- 3M Company
- Pentair plc
- Kingspan Water & Energy
- The Dow Chemical Company
- Calgon Carbon Corporation
- Kurita Water Industries Ltd.
- Bio-Microbics, Inc.
- BASF SE
The global wastewater treatment industry features a highly fragmented landscape with the top ten players contributing less than 20% of the market share. Industry leaders are strengthening their presence through multiple mergers and acquisitions.
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