Wastewater Treatment Plants Market Size

Wastewater Treatment Plants Market Future Prospects

The wastewater treatment plants market will generate an estimated revenue of USD 132.6 billion in 2024 and is projected to grow at a CAGR of 6.0% from 2024 to 2030, reaching USD 188.6 billion by 2030. The major factors credited for the growth of the market include the limited availability of freshwater across the globe and stringent environmental regulations implemented by governments.

Global freshwater use has increased by six times over the past 100 years. However, the availability of freshwater for human use has been decreasing over the past many years. Thus, the treatment of wastewater, for its re-utilization for various activities, such as manufacturing and agriculture, is the need of the hour.

To address the issue of the scarcity of water for human use, numerous international frameworks on wastewater management have been adopted. There are a number of general principles under international water law that are applied to the management of watercourses transcending international borders. There are principles of preventive action and precautionary principles, which help protect watercourses from pollution across international boundaries. Moreover, national governments also implement regulations regarding the discharge of wastewater into waterbodies. For instance, the U.S. has specific effluent treatment and discharge guidelines for various industries, such as battery manufacturing, cement manufacturing, coal mining, and dairy processing, under the Clean Water Act.