Download PDF Brochure https://bit.ly/3MO2PQnThe Wastewater Treatment Services Market size is estimated to be USD 53.0 billion in 2021 and is pro...Download PDF Brochure https://bit.ly/3MO2PQn
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.
Growing population, expanding manufacturing industry, urbanization, and regulatory requirements are the major drivers of the wastewater treatment services market. Initiatives by manufacturing industries and state bodies for low waste generation and growing awareness about new water treatment technologies are some of the factors which are likely to boost the wastewater treatment services market.
+ 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.
+ 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).
ountries such as India, Japan, and China are expected to witness high growth in the wastewater treatment services market due to the increasing demand from the food, pulp & paper, chemical, and power & generation industry.