Download PDF Brochure https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=38039841#utm_source=TWN_NL&utm_medium=NKT&utm_campaign=AugThe Wast...

Download PDF Brochure https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=38039841#utm_source=TWN_NL&utm_medium=NKT&utm_campaign=Aug
The Wastewater Treatment Services Market size is estimated to be USD 53.0 billion in 2021 and is projected to reach USD 71.6 billion by 2026, at a CAGR of 6.2% between 2021 and 2026.

Veolia Group designs and manages water services, wastewater treatment, and recovery services for local authorities and industrial customers. The company operates through three business segments, namely, water, waste, and energy. Veolia Water business segment provides the complete range of services required to design, build, maintain, and upgrade water and wastewater treatment facilities and systems for industrial customers and public authorities.

Ecolab provides water, hygiene, and energy technologies and services across the globe. The company operates through four segments, namely, global industrial, global institutional & specialty, and global healthcare & life sciences and others. Ecolab provides wastewater treatment services through its global industrial business segment.

Market Dynamics
+ Driver: Increasing environmental regulations
Nations have enforced strict norms against polluting the naturally occurring water bodies and illegal discharge of wastewater. In countries such as China, which were severely impacted by air pollution, special laws have been implemented to protect it from the harmful impact of wastewater discharge.

+ Restraints: High cost of wastewater treatment technologies
Wastewater is systematically treated in three stages, primary, secondary, and tertiary treatment. Wastewater treatments need specific skills and expertise. These processes are highly capital intensive. For instance, The Development Bank of Latin America (CAF) estimated that over the period of 2010–2030, USD 80 billion will be spent on sewerage infrastructure and USD 33 billion on wastewater treatment.

+ Opportunities: Adopting a more sustainable approach through initiatives of Reduce-Recycle-Reuse
Water recycling is reusing treated wastewater for beneficial purposes such as agriculture and landscape irrigation, industrial processes, toilet flushing, and replenishing a groundwater basin (referred to as groundwater recharge). Water recycling offers resource and financial savings.