PUBLISHER: Grand View Research | PRODUCT CODE: 1493294
PUBLISHER: Grand View Research | PRODUCT CODE: 1493294
The U.S. water treatment as a service market size is anticipated to reach USD 176.1 million by 2030, exhibiting a CAGR of 14.7% during the forecast period, according to a new report by Grand View Research, Inc. The increase in water pollution caused by organic waste is primarily due to increased agricultural activities, livestock farming, industrial and municipal wastewater discharge, and reduced river dilution capacity. These factors are anticipated to propel the demand for water treatment as a service market in the U.S.
According to the UN World Water Development report, heavy metals, pesticides, fertilizers, pathogens, organic waste, and other emerging pollutants are contaminating freshwater resources. The increase in water pollution caused by organic waste is primarily due to increased agricultural activities, livestock farming, industrial and municipal wastewater discharge, and reduced river dilution capacity. These factors are anticipated to propel the demand for water treatment services.
Further, the complexity and diversity of pollutants, coupled with the need for continuous monitoring and upgrading the treatment technologies, make outsourcing water treatment services an attractive option. This has led to the emergence of a robust market for water treatment as a service, where companies offer comprehensive solutions, including treatment plant management, maintenance, and compliance monitoring, allowing clients to address pollution challenges while focusing on their core operations.
The surge in urbanization is particularly pronounced in emerging economies, where constraints on natural resources contribute to water stress. Cities have a substantial impact on the water cycle and groundwater tables, primarily due to significant extraction of water from both groundwater and surface water sources. This exacerbates challenges related to replenishing groundwater levels, heightens the risk of flooding, and leads to water body pollution through the leaching of wastewater. The expanding urban population is expected to further contribute to the degradation of water bodies, consequently fueling the demand for water treatment systems, which is further expected to propel the water treatment as a service market.
Moreover, cost-effectiveness is another factor propelling the demand for water treatment as a service in the U.S. Rather than investing in the construction and maintenance of in-house facilities, cities find outsourcing to be a more economical option, allowing them to allocate resources strategically. For instance, U.S. Water Services Corporation provides a wide range of water treatment services tailored to meet the diverse needs of its clients. From advanced water purification technologies to customized solutions for specific industries, the company is dedicated to ensuring the delivery of safe and compliant water for various applications.
Seven Seas Water Group, Waterleau USA, Quench USA, Inc., OriginClear, Aquatech International LLC, and Bawat Water Technologies AB are major players in the U.S. water treatment as a service market. Strategies adopted by these companies usually include expansion of their service network, mergers & acquisitions, and new scheme launches. For instance, in November 2023, Aquatech International LLC launched three robust cutting-edge membrane technologies.