Industrial Wastewater Treatment Market to Reach $78.0 Billion by 2028 – Exclusive Report Covering Pre and Post COVID-19 Market Analysis and Forecasts by Meticulous Research®

August 03 23:05 2021
Industrial Wastewater Treatment Market to Reach $78.0 Billion by 2028 - Exclusive Report Covering Pre and Post COVID-19 Market Analysis and Forecasts by Meticulous Research®

Industrial Wastewater Treatment Market
Industrial Wastewater Treatment Market by Treatment Technology (Membrane Separation, Activated Sludge, Clarification, Membrane Bio-reactor, and Sludge Digestion), and Application (Food & Beverages, Power, Energy, Mining) – Global Forecast to 2028

According to a new market research report titled “Industrial Wastewater Treatment Market by Treatment Technology (Membrane Separation, Activated Sludge, Clarification, Membrane Bio-reactor, and Sludge Digestion), and Application (Food & Beverages, Power, Energy, Mining) — Global Forecasts to 2028’, the industrial wastewater treatment market is expected to grow at a CAGR of 6.8% from 2021 to 2028 to reach $78.0 billion by 2028.

A wastewater treatment plant is a facility where various processes (e.g., physical, chemical, and biological) treat industrial wastewater and remove pollutants. Several alternative treatments exist for residential and commercial wastewater treatment applications. With rapid population growth and urbanization, the demand for new water resources is increasing drastically.

The growth of this market is backed by the increasing industrialization and urbanization, declining freshwater resources, increasing energy demand across the globe, and a rising focus on water quality and public health. The increasing prevalence of water-borne diseases, growth in industrial demand, and stringent governmental regulations on treating industrial wastewater also aid in the growth of this market. Moreover, the growing focus on industrial wastewater treatment in countries such as the U.S., China, and India provides significant opportunities in this market. However, the high cost of equipment, operations, and disposal and shifting demand towards alternative wastewater treatment technologies obstruct the growth of this market to some extent. Excess energy consumption and rising expenditure due to excess sludge production are major challenges for the growth of the industrial wastewater treatment market.

Download Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5170

The Impact of COVID-19 on the Industrial Wastewater Treatment Market

The COVID-19 pandemic has severely impacted many economies around the globe. As a measure to control the spread of this disease and to avoid its associated consequences, governments across the globe have announced partial or complete lockdowns, majorly impacting many manufacturing and service industries, including industrial wastewater treatment.

The outbreak of COVID-19 is projected to slow down investments in the water sector worldwide. It has also increased the importance of operational reliability due to the cost of disruption. Many large users of water have downscaled or reduced activities, resulting in declining industrial demand. A decline in demand from large industrial users due to lockdowns and travel restrictions will significantly reduce the revenues of water utilities. A survey by the Global Water Leaders Group estimates that the industrial water demand will fall by an average of 27% due to COVID-19. Deeper revenue losses are expected across the whole water supply chain, including operators, technology companies, contractors, chemical suppliers, and consultants.

Moreover, operations could be affected due to the increased risk of infection among utility staff. Operational continuity and flexibility are key to keep essential water and sanitation services running while also pushing forward with ongoing construction projects. Many governments identified people working in the water and sewerage industry as essential workers, enabling utilities to maintain the continuity of service. However, social distancing protocols mean that utilities can only retain operationally critical staff onsite. Supply chain and logistics disruptions have also been reported. This scenario has lowered the demand for industrial wastewater treatment.

Declining Freshwater Resources Drive the Demand for Industrial Wastewater Treatment

According to the United Nations World Water Development Report (2018), as the global demand for water increases, freshwater availability in many regions is likely to decrease because of climate change. Water is the driving force of nature; unfortunately, supplies are now running dry at an alarming rate. The world’s population continues to soar, but freshwater supplies have not increased in the same proportion. Also, nearly 6 billion people will suffer from clean water scarcity by 2050. This is the result of increasing demand for water, reduction of water resources, and increasing pollution of water, driven by dramatic population, industrialization, and economic growth.

Moreover, the rise in water pollution has led to a decline in freshwater availability for various industrial processes such as processing, washing, diluting, and cooling, among others. The increasing depletion of freshwater sources coupled with industrialization and pollution has resulted in a water crisis in many parts of the world, especially in under-developed and developing countries. Therefore, such a water crisis is expected to boost the industrial wastewater treatment market significantly in the next few years.

To provide efficient analysis, Meticulous Research® has segmented this market based on treatment technologies (membrane separation {Reverse Osmosis [RO] membranes, Ultrafiltration [UF] Membranes, Micro-filtration [MF] membrane, Nano-filtration [NF] membrane, and other membrane separation technology}, activated sludge, clarification, sludge thickening and dewatering, wastewater pre-treatment, chlorination, industrial demineralization, sludge drying, Membrane Bio-reactor [MBR], sludge digestion, sludge incineration, ozonization, activated carbon, electrochemical water treatment, electrochemical scale treatment system, and other treatment technologies), application (food & beverages, pharmaceuticals and chemicals, power, energy, pulp & paper, mining, petrochemicals, semiconductors, and other industrial applications), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa).

Based on technology, the industrial wastewater treatment market is mainly segmented into membrane separation, activated sludge, clarification, sludge thickening, and dewatering, wastewater pre-treatment, chlorination, industrial demineralization, sludge drying, Membrane Bio-reactor (MBR), sludge digestion, sludge incineration, ozonization, activated carbon, electrochemical water treatment, electrochemical scale treatment system, and other treatment technologies. The membrane separation segment is estimated to account for the largest share of the industrial wastewater treatment market in 2021.

The large share of this segment is mainly attributed to the rising demand for low energy-consuming water treatment processes, growing emphasis on reducing the use of chemicals in water treatment, and effective purification and reduced cost of operations offered by membrane filtration technology. However, the Membrane Bio-reactor (MBR) technology segment is expected to witness significant growth, as it has emerged as an efficient, compact technology for industrial wastewater treatment.

Based on application, the industrial wastewater treatment market is segmented into food & beverages, pharmaceuticals and chemicals, power, energy, pulp & paper, mining, petrochemicals, semiconductors, and other industrial applications. The food & beverages segment is estimated to account for the largest share of the industrial wastewater treatment market in 2021. The large share of this segment is mainly attributed to the growing global population, rapid urbanization, and growing food & beverages production. However, the energy segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the rising demand for clean water and energy.

To gain more insights into the market with a detailed table of content and figures, click here:  https://www.meticulousresearch.com/product/industrial-wastewater-treatment-market-5170

Geographic Review:

Geographically, Asia-Pacific is estimated to account for the largest share of the industrial wastewater treatment market in 2021. The large share of this region is primarily attributed to the increasing population, growing manufacturing, pulp & paper, and power generation industries, declining availability of clean water, growing research and development expenditures, and increasing environmental regulations regarding industrial wastewater in the region, especially in developing countries such as China and India. China is expected to dominate the Asia-Pacific market through 2028, mainly due to its huge population base and industrialization and significant wastewater discharge. However, it is also expected to witness the fastest growth during the forecast period.

Key Players:

The key players operating in the industrial wastewater treatment market are Suez Environment S.A. (France), Xylem, Inc. (U.S.), DuPont de Nemours, Inc. (U.S.), Evoqua Water Technologies Corporation (U.S.), 3M Company, Inc. (U.S.), Pentair plc (U.K.), United Utilities Group P.L.C. (U.K.), Kingspan Water & Energy (U.K.), The Dow Chemical Company (U.S.), Kemira Oyj (Finland), BASF SE (Germany), Calgon Carbon Corporation (U.S.), Kurita Water Industries Ltd. (Japan), Bio-Microbics, Inc. (U.S.), Trojan Technologies Inc. (Canada), Aquatech International Corporation (U.S.), ASIO, spol. s r.o. (Czech Republic), Orenco Systems, Inc. (U.S.), Scinor Water America, L.L.C. (U.S.), Elgressy Engineering Services Ltd. (Israel), Outotec Oyj (Finland), Blue Eden CleanTech Solutions Inc. (Canada), Solenis (U.S.), Aries Chemical, Inc. (U.S.), Thermax Limited (India), and Lenntech B.V. (Netherlands).

Amidst this crisis, Meticulous Research® is continuously assessing the impact of the COVID-19 pandemic on various sub-markets and enables global organizations to strategize for the post-COVID-19 world and sustain their growth. Let us know if you would like to assess the impact of COVID-19 on any industry here- https://www.meticulousresearch.com/custom-research

 About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding, 
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008

Media Contact
Company Name: Meticulous Market Research Pvt Ltd
Contact Person: Khushal Bombe
Email: Send Email
Phone: +1 646-781-8004
Address:1267 Willis St, Ste 200 Redding, California, 96001, U.S.
Country: United States
Website: www.meticulousresearch.com


Warning: count(): Parameter must be an array or an object that implements Countable in /home/indoreonlinejour/himachalpradeshnewspaper.com/wp-content/themes/gadgetine-theme/includes/single/post-tags-categories.php on line 7