The Tertiary Water and Wastewater Treatment Technologies Market Size was valued at USD 19.6 Bn in 2023 and is predicted to reach USD 65.9 Bn by 2031 at a 16.6% CAGR during the forecast period for 2024-2031.
The tertiary water and wastewater treatment technologies sector provides products and services that further purify treated wastewater. Implementing technology that further refines secondary treatment effluent to fulfill high environmental criteria is the emphasis of this sector. The worldwide focus on sustainability, rising water shortage concerns, urbanization, industrialization, and stricter environmental restrictions are the primary forces propelling demand in this industry. All of these things put pressure on businesses, governments, and other organizations to spend money on tertiary treatment technologies to make sure water is safe and up to code.
This industry is anticipated to have substantial growth due to the increasing need for water treatment technologies that are both energy-efficient and technologically advanced. Market players in tertiary water and wastewater treatment technologies are essential to contemporary water management methods that seek to maximize efficiency while reducing negative environmental effects and boosting market expansion in the coming years.
However, the market expansion is being hindered by regulatory hurdles, the high upfront and ongoing expenses of improved treatment protocols, and a shortage of water. Governments and commercial entities are propelling the market for tertiary water and wastewater treatment technologies are investing in advanced treatment facilities to meet the rising demand for sustainable water management solutions, which is fueled by the public’s increasing awareness of environmental issues, which is growing the demand of the market in the coming years.
Competitive Landscape
Some of the Major Key Players in the Tertiary Water and Wastewater Treatment Technologies Market are
- Suez Environment S.A.
- Veolia Environment SA
- Xylem, Inc.
- DuPont de Nemours, Inc.
- Evoqua Water Technologies Corporation
- 3M Company, Inc.
- Pentair plc
- Calgon Carbon Corporation
- Kurita Water Industries, Ltd.
- Bio-Microbics, Inc.
- ASIO, spol. S r.o.
- Scinor Water America, LLC
- Elgressy Engineering Services Ltd.
- Outotec Oyj
- Blue Eden CleanTech Solutions, Inc.
- Membracon Ltd.
- Lamor Corporation Ab
- Ozone Tech Systems
Market Segmentation:
The tertiary water and wastewater treatment technologies market is segmented based on type and application. Based on type, the market is segmented into membrane filtration, UV radiation, chlorination, ozonization, activated carbon, Ion exchange, electrochemical water treatment technology and others. By application, the market is segmented into municipal and industrial.
Based on the Type, the Membrane Filtration Segment Hold a Significant Market Share
The membrane filtration segment is expected to hold a major share of the global tertiary water and wastewater treatment technologies market in 2023. This market is booming because people are starting to care more about their health, there’s a push to use fewer chemicals when treating water, and membrane filtration technology offers excellent purification at a lower cost of operation. Furthermore, separating and purifying individual components from the mixture is achieved by the use of membrane filtering technology. Membranes are proving to be a popular choice for desalination, tertiary wastewater treatment, and the production of drinkable water from surface, ground, and ocean water sources.
The Industrial Segment Witnessed Growth at a Rapid Rate
The industrial segment is projected to grow rapidly in the global tertiary water and wastewater treatment technologies market worldwide; there has been a noticeable uptick in energy consumption, a decrease in freshwater supplies due to increased industrialization and urbanization, and an increasing understanding of the significance of water quality and public health. Rising industrial demand, strict government rules on treating industrial wastewater, and the incidence of water-borne infections are all factors that are driving this market forward.
North America Region is Dominate the Market
The North American tertiary water and wastewater treatment technologies market is expected to register the highest market share in terms of revenue in the near future. It can be attributed to well-developed industrial and municipal infrastructure, coupled with strict environmental rules that require advanced wastewater treatment and a rising population in this region. In addition, Asia Pacific is projected to grow rapidly in the global tertiary water and wastewater treatment technologies market because of factors such as increasing urbanization, the presence of many prominent enterprises, the ever-increasing emphasis on water conservation and sustainable practices, the constant innovation and improvement of solutions, and the rising industrialization.
Competitive Landscape
The key players in the tertiary water and wastewater treatment technologies market have shifted their focus toward manufacturing tertiary water and wastewater treatment technologies device facilities. They are initiating significant strategies such as mergers and joint ventures of major and domestic players to expand their selection of products and raise their global market footprint. Some of the major key players in the tertiary water and wastewater treatment technologies market are Suez Environment S.A. (France), Veolia Environment SA (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.), Calgon Carbon Corporation (U.S.), Kurita Water Industries, Ltd. (Japan), Bio-Microbics, Inc. (U.S.), ASIO, spol. S r.o. (Czech Republic), Scinor Water America, LLC (U.S.), Elgressy Engineering Services Ltd. (Israel), Outotec Oyj (Finland), Blue Eden CleanTech Solutions, Inc. (Canada), Membracon Ltd. (U.K.), Lamor Corporation Ab (Finland), and Ozone Tech Systems (Sweden).
Recent Developments:
- In March 2024, Veolia reached a new benchmark in treating per- and poly-fluoroalkyl substances (PFAS) pollutants in Americans' drinking water at over 30 locations. This rule essentially states that no regulated PFAS compounds are present in any detectable concentrations.
- In April 2024, ENGIE and SUEZ, two global leaders in energy transition and environmental services, respectively, signed their first two corporate PV power purchase agreements. These agreements pertain to the electricity produced by the photovoltaic plants owned by ENGIE and located in SUEZ’s Gueltas non-hazardous waste storage facility.
Tertiary Water and Wastewater Treatment Technologies Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 19.6 Bn |
|
Revenue Forecast In 2031 |
USD 65.9 Bn |
|
Growth Rate CAGR |
CAGR of 16.6% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Type, By Application and By Region |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
|
Competitive Landscape |
Suez Environment S.A., Veolia Environment SA, Xylem, Inc., DuPont de Nemours, Inc., Evoqua Water Technologies Corporation, 3M Company, Inc., Pentair plc, Calgon Carbon Corporation, Kurita Water Industries, Ltd., Bio-Microbics, Inc., ASIO, spol. S r.o., Scinor Water America, LLC, Elgressy Engineering Services Ltd., Outotec Oyj, Blue Eden CleanTech Solutions, Inc., Membracon Ltd., Lamor Corporation Ab, and Ozone Tech Systems. |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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