The Wastewater Treatment Services Market is projected to reach USD 97.18 Billion by 2022, at a CAGR of 5.3% from 2017 to 2022. This growth can be attributed to the increased demand for wastewater treatment services from municipal and industrial facilities.
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Wastewater treatment encompasses various mechanisms and processes involved in the treatment of wastewater generated from various industries. Water is the basic necessity for both households and industries. Wastewater generated from residences and industries is not fit for consumption or disposal, as it contains harmful impurities.
The wastewater treatment services market has been segmented on the basis of type, end user, and region. Based on end user, the wastewater treatment services has been segmented into municipal and industrial. Chemical & pharmaceutical, oil & gas, food, pulp & paper, metal & mining, and power generation are major subsegments under the industrial end user segment. Increasing population, expanding manufacturing sector, and rising regulatory requirements are key factors projected to drive the growth of the wastewater treatment services market.
Market Leader – Wastewater Treatment Services Market
Key players operating in the wastewater treatment services market include Veolia Water Technologies (France), SUEZ (France), Xylem (US), Evoqua Water Technologies (US), Thermax (India), Ecolab (India), and W.O.G. Group (US). Contracts & agreements, expansions, partnerships & collaborations, and mergers & acquisitions are key strategies adopted by major players to enhance their presence and increase their market shares in the wastewater treatment services market. The mergers & acquisitions strategy accounted for a major share of all development strategies adopted by leading players between 2014 and 2017.
Veolia Water Technologies is one of the key players in the wastewater treatment services market. The company provides wastewater treatment services and wastewater recovery services for local authorities and industrial customers. It mainly operates through 3 business segments, namely, water, energy, and waste. The company owns 6 water treatment plants, 19 wastewater treatment plants, and 1 advanced water treatment (recycling) plant. It also provides wastewater treatment services through its water business segment. Wastewater treatment services offered by the company involve the treatment of surface water, brackish or seawater, groundwater, and wastewater sludge. The company manages 4,245 water production plants and 3,303 wastewater treatment plants across 5 continents worldwide.
In May 2016, Veolia established the world’s largest sludge treatment and retrieval plant in Hong Kong. The company plans to treat wastewater from 11 different water sources in this city. This expansion strategy helped the company strengthen its footprint in the wastewater treatment services market.
SUEZ (France) offers various water & wastewater treatment services, such as sampling and production of drinking water, multidisciplinary studies and engineering, customer relationship management, industrial water treatment, water storage and distribution, desalination, wastewater treatment and reuse, and sludge treatment and recovery. The company is also involved in waste management activities that include waste collection and urban sanitation, waste recovery and disposal, treatment and recovery of complex waste, treatment of hazardous waste, recovery and disposal of non-hazardous waste, waste storage, and decontamination.
In March 2017, SUEZ acquired the water business segment, GE Water, from General Electric (US). This development strategy enabled SUEZ to broaden its portfolio of wastewater treatment services.
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