PUBLISHER: The Business Research Company | PRODUCT CODE: 1425286
PUBLISHER: The Business Research Company | PRODUCT CODE: 1425286
Biological Wastewater Treatment Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on biological wastewater treatment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for biological wastewater treatment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The biological wastewater treatment market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Biological wastewater treatment is a method designed to leverage microorganisms for the digestion of dissolved contaminants in effluents. These microorganisms utilize the contaminants for their own sustenance and reproduction.
The primary processes employed in biological wastewater treatment are aerobic and anaerobic. The aerobic process relies on activities that require air or oxygen, contrasting with anaerobic activities that occur without the need for oxygen. Sales channels for this technology encompass direct channels and distribution channels, catering to various end-user industries, including municipal and industrial sectors.
The biological wastewater treatment market research report is one of a series of new reports from The Business Research Company that provides biological wastewater treatment market statistics, including the biological wastewater treatment industry global market size, regional shares, competitors with a biological wastewater treatment market share, detailed biological wastewater treatment market segments, market trends and opportunities, and any further data you may need to thrive in the biological wastewater treatment industry. This biological wastewater treatment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The biological wastewater treatment market size has grown strongly in recent years. It will grow from $10.74 billion in 2023 to $11.43 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The expansion witnessed in the historical period can be linked to the growth of industries and the imperative to reduce effluent discharge. Increasing public awareness and concern about water pollution also played a pivotal role. The cost-effectiveness of biological treatment methods emerged as a compelling factor for industries seeking efficient and economical solutions. Additionally, there was a notable focus on water reuse and recycling practices, aligning with sustainability goals. The impacts of population growth and urbanization further underscored the demand for efficient wastewater management systems to address the evolving challenges associated with urban development.
The biological wastewater treatment market size is expected to see strong growth in the next few years. It will grow to $15.06 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The anticipated growth in the forecast period is driven by factors such as increased investment in infrastructure upgrades, a rising adoption of decentralized treatment systems, a heightened focus on water reuse and resource recovery, adherence to stringent environmental regulations, and an increase in industrial and municipal wastewater volumes. Notable trends expected in this period include collaborative efforts for innovation, the emergence of circular economy principles, a focus on energy recovery and resource optimization, an emphasis on microbial ecology and bioaugmentation, and an increased adoption of nature-based solutions. These trends highlight the industry's response to evolving challenges and the pursuit of sustainable and innovative approaches.
The biological wastewater treatment market is poised for growth due to escalating water pollution and diminishing water quality. This issue arises from the release of substances into water bodies, impacting their beneficial use. In response, the biological wastewater treatment market is flourishing, employing microbial decomposition processes to break down pollutants naturally. A United Nations Environment Programme global report in March 2021 highlighted that over 3 billion people face disease risks due to unknown water quality. This surge is predominantly attributed to increasing industrialization, reinforcing the market's upward trajectory.
The biological wastewater treatment market is set to expand further as water-borne diseases become more prevalent. Water-borne diseases, caused by pathogenic microorganisms in contaminated water, pose a significant health risk. Biological wastewater treatment plays a pivotal role in disease prevention by effectively removing contaminants and ensuring regulatory compliance. The World Health Organization reported in September 2023 that over 251.4 million individuals required preventive therapy for schistosomiasis in 2021. The market growth is intricately linked to the imperative need to address rising water-borne diseases.
Technological advancements are steering the biological wastewater treatment market's evolution, with industry leaders focusing on innovation to enhance treatment efficiency. In April 2022, Evonik, a Germany-based chamical company introduced SEPURAN membrane technology, a groundbreaking approach to oxygenate microorganisms precisely during wastewater treatment. This innovation elevates material conversion reactions and optimizes nutrient absorption. The industry's commitment to technological advancements underscores its dedication to sustainable solutions and regulatory adherence.
Major players in the biological wastewater treatment market are strategically introducing innovative products to bolster revenue streams. The launch of BioGill's Max Series in July 2023 exemplifies this trend. The Max Series, including units like Max 2, 4, and 6, features advanced designs and materials, offering superior efficiency, reliability, and longevity. These units minimize maintenance expenses and downtime, aligning with the market's focus on delivering cost-effective and efficient wastewater treatment solutions.
In November 2022, Axens, a prominent France-based company in oil and biomass conversion, acquired HydroThane Holding BV, an engineering company specializing in biological wastewater treatment. This strategic move underscores Axens' commitment to providing comprehensive solutions to address environmental and energy transition challenges. The acquisition further solidifies Axens' position in the market, emphasizing its role in advancing sustainable solutions for industrial wastewater treatment.
Major companies operating in the biological wastewater treatment market report are Veolia Environnement S.A., Suez Water Technologies & Solutions, Aquatech International B.V., Evoqua Water Technologies Corporation, Ecolab Inc., Pentair Plc., Xylem Inc., Samco Technologies Inc., Dryden Aqua Ltd., DAS Environmental Expert GmbH, DowDuPont Inc., 3M Company, Calgon Carbon Corporation, Condorchem Envitech (Guangzhou) Co. Ltd., Microvi Biotech Inc., Axine Water Technologies, Kurita Water Industries Ltd., Hitachi Ltd., Mitsubishi Chemical Corporation, BASF SE, China Petroleum & Chemical Corporation, Honeywell International Inc., General Electric Company, Siemens Aktiengesellschaft, Danaher Corporation, Thermo Fisher Scientific Inc., PerkinElmer Inc., Giner Inc., Industrial Phycology Inc., LuminUltra Technologies Ltd., BioGill, and Water Energy Technologies LLC.
North America was the largest region in the biological wastewater treatment market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biological wastewater treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the biological wastewater treatment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The biological wastewater treatment market includes revenues earned by providing bioremediation of wastewater, phytoremediation of wastewater, and mycoremediation of wastewater. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.