Wastewater Treatment Plants Market To Generate Revenue worth $194.5 Billion by 2030

The global wastewater treatment plants market is expected to generate $194.5 billion revenue by 2030, advancing at a considerable rate during 2022–2030. The major factors influencing the market growth include the limited availability of freshwater, stringent environmental regulations across countries, rapid urbanization, rising population, and increase in water and sanitation public–private partnerships (PPPs).

Technological advancements have been disrupting the market for a while now. Such advancements include decentralized wastewater treatment, phosphorus recovery, wastewater mining, and zero liquid discharge. Moreover, wastewater treatment 4.0 is also an upcoming trend, which is bound to revolutionize such infrastructure in the future. It will drive the adoption of automation, remote monitoring, more-efficient treatment processes, and digitization with the help of technologies such as IoT, AI, and machine learning.

The COVID-19 pandemic has negatively impacted the wastewater treatment plants market due to the partial operations at these plants, so as to maintain social distancing, and delays in the construction of new ones in multiple countries, as the construction sector was completely shut down during the initial phase of the pandemic.

Treatment of Industrial Wastewater Is Major Application Area

Huge volumes of effluents are generated by industries across the globe. In most countries, they are required to treat the wastewater to remove the effluents, before discharging it into waterbodies. Thus, more than 60% of the revenue in the market is generated by industries treating wastewater.

Thus, there have been a large number of technological advancements for industrial wastewater treatment, such as the electrochemical technology, which reduces the discharge of residual impurities.

APAC Dominates Market

The APAC wastewater treatment plants market holds the largest share of the global market revenue as the region is home to more than 60% of the world’s population and includes the two most-populous countries, India and China, which also happen to be preferred locations for setting up manufacturing facilities. Thus, APAC generates a large amount of wastewater, resulting in the requirement for proper treatment, as the availability of freshwater in the region is quite limited.

Establishment of New Wastewater Treatment Plants Is Driving Market

In recent years, major players in the market have been actively offering the necessary technologies and construction services for establishing wastewater treatment plants. For instance:

• In October 2021, Fluence Corporation announce plans to build an $8.5-million wastewater treatment plant in Sihanoukville for the Cambodian government. The plant would be able to treat wastewater for a population of 160,000.
• In June 2021, the first wastewater treatment plant was built in Freetown, the capital city of Sierra Leone. The technical expertise was provided by Water-Share Ireland, a collaboration between Goal and the Irish water services sector.

Major players operating in the global wastewater treatment plants market include Suez, Veolia, Fluence Corporation, Kubota Corporation, Mitsubishi Chemical Aqua Solutions, Evoqua Water Technologies, Ecofluid, Organica Water, Hera Group, and Bioxica.