PUBLISHER: Meticulous Research | PRODUCT CODE: 1424835
PUBLISHER: Meticulous Research | PRODUCT CODE: 1424835
The research report titled, ''Industrial Wastewater Treatment Market by Offering (Treatment Technologies, Treatment Chemicals, Process Control & Automation, Design, Engineering, and Construction Services, Operation & Maintenance services), End User, and Geography-Forecast to 2031', provides an in-depth analysis of the global industrial wastewater treatment market in five major regions worldwide and emphasizes on the current market trends, size, and share, recent developments, and forecast till 2031. The global industrial wastewater treatment market is projected to reach $206.81 billion by 2031, at a CAGR of 6.1% from 2024 to 2031.
The requirement for freshwater in various applications has increased drastically due to considerable growth in the urban population. Industries are among the top freshwater consumers globally. Untreated wastewater from industries is a hazard to the environment as well as water resources. Consequently, government bodies are establishing strict regulations for industrial wastewater treatment due to the growing emphasis on water quality & public health and the increasing prevalence of waterborne diseases. These factors are boosting the demand for various wastewater treatment systems, driving the growth of the industrial wastewater treatment market.
The growth of the global industrial wastewater treatment market is driven by factors such as the lack of freshwater resources, government encouragement, the growing emphasis on corporate social responsibility, and the need for critical resource recovery from wastewater. However, the high installation, maintenance, and operating costs of wastewater treatment infrastructure restrain the growth of this market.
Furthermore, the growing demand for energy-efficient and advanced wastewater treatment technologies and the generation of green hydrogen from industrial wastewater are expected to provide growth opportunities for the players operating in this market. However, high energy consumption and expenses due to excess sludge production are major challenges impacting market growth.
Based on offering, the global industrial wastewater treatment market is segmented into operation & maintenance services, process control & automation, design, engineering, and construction services, treatment technologies, and treatment chemicals. The process control & automation segment is expected to grow at the highest CAGR during the forecast period. The growth of this segment is attributed to the rising technological complexities in industrial wastewater treatment facilities, the increasing need for operational automation, the rising number of investments in process control systems, and the companies' growing focus on achieving cost & energy-saving targets.
Based on end user, the global industrial wastewater treatment market is segmented into power generation, semiconductor manufacturing, data centers, green hydrogen generation, chemical manufacturing, refining & petrochemicals, oil & gas, pulp & paper, food & beverage, pharmaceutical manufacturing, industrial manufacturing, and other end users. The food & beverage segment is expected to grow at the highest CAGR during the forecast period. The food & beverage industry is one of the major contributors to economic growth globally. Food production is expected to intensify in the coming years due to the growing global population. The food industry needs large volumes of water for production and cleaning. As a result, the industry typically generates a tremendous amount of wastewater with relatively high concentrations of Total Suspended Solids (TSS) and is a major source of environmental pollution. Food & beverage companies are adopting industrial wastewater treatment techniques, including proper screening of waste streams to increase discharge dryness, resulting in lower hauling and waste disposal costs.
Based on geography, the global industrial wastewater treatment market is segmented into Asia-Pacific, Europe, North America, Latin America, and Middle East & Africa. Asia-Pacific is expected to become the fastest-growing region in the global industrial wastewater treatment market by 2031. The market in Asia-Pacific is experiencing growth due to the increasing demand for sustainable and advanced solutions in response to significant water stress and environmental pollution. The dairy and beverage sector, particularly in China and India, is generating substantial investment opportunities in the region, driving the demand for industrial wastewater treatment solutions.
Increasing research and development expenditure by food and beverage companies.
The key players operating in the global industrial wastewater treatment market are Xylem Inc. (U.S.), SUEZ S.A. (France), Pentair plc (U.K.), Dow Inc. (U.S.), Veolia Environnement S.A. (France), BASF SE (Germany), PPU Umwelttechnik GmbH (Germany), DuPont de Nemours, Inc. (U.S.), Bio-Microbics (U.S.), Thermax Limited (India), Ecolab Inc. (U.S.), Kurita Water Industries, Ltd. (Japan), Kemira Oyj (Finland), GFL Environmental (Canada), 3M Company (U.S.), Kingspan Group plc (U.K.), Calgon Carbon Corporation (U.S.), Trojan Technologies (Canada), Clean TeQ Water Limited (Australia), SWA Water Australia Pty Limited (Australia), Adroit Associates Private Limited (India), Sauber Environmental Solutions (India), SEPC Limited (India), Golder Associates Inc. (Canada), Burns & McDonnell (U.S.), and WOG Technologies (India).
Global Industrial Wastewater Treatment Market Assessment-By Offering
Global Industrial Wastewater Treatment Market Assessment-By End User
Global Industrial Wastewater Treatment Market Assessment, By Geography