Global Sewage Treatment Facilities Market Worth $170 Billion by 2026 - Analysis, Trends, Opportunities, Leading Players - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Sewage Treatment Facilities - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Sewage Treatment Facilities estimated at US$120.4 Billion in the year 2020, is projected to reach a revised size of US$169.9 Billion by 2026, growing at a CAGR of 6% over the analysis period.
Residential, one of the segments analyzed in the report, is projected to grow at a 6.8% CAGR to reach US$97.6 Billion by the end of the analysis period.
After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Industrial segment is readjusted to a revised 5.7% CAGR for the next 7-year period. This segment currently accounts for a 31.6% share of the global Sewage Treatment Facilities market.
The market is gathering notable steam on account of rising investments and implementation of stringent regulations for industrial and commercial settings. The global market for sewage treatment facilities is bound to gain from ongoing government initiatives and rising environmental awareness. The market is bolstered by increasing population, rapid urbanization and significant investments in wastewater treatment.
Factors such as increasing industrial activities, strong focus on wastewater treatment and rising attention on sewage treatment units for power generation are anticipated to improve growth prospects for the market. Increasing awareness about water-borne diseases is highlighting the critical relevance of sewage treatment facilities. In addition, the implementation of stringent regulations as a result of continuing environmental degradation coupled with ongoing efforts to conserve resources is poised to benefit the market.
On the flip side, the market growth is likely to be restrained by high cost of sewage treatment, worker shortages and low penetration of wastewater treatment options across emerging economies. The global market for sewage treatment facilities is slated to receive a strong impetus from the implementation of sophisticated technologies by traditional wastewater treatment units for treatment of micro-pollutants.
In the recent years, various companies have started embracing advanced options to deal with micro-pollutants that pose numerous challenges for traditional facilities. Micro-pollutants represent contaminants that originate from household chemicals, pesticides, pharmaceutical residues and personal care products. Treatment facilities are investing in new technologies such as moving bed biofilm reactors, ozone-based advanced oxidation, powdered activated carbon and adsorption to eliminate micro-pollutants present in wastewater.
The trend is highly prevalent across European countries including Switzerland and Germany. Various plants in Germany have embraced latest technologies like membrane bioreactor or powdered activated carbon owing to their ability to remove micro-pollutants in a cost-efficient manner. In addition, various treatment facilities are implementing energy-efficient solutions for reducing their energy usage.
Energy-efficient, advanced technologies like anaerobic digesters and membrane aerated biofilm reactors play an important role in improving water resource recovery. In addition, the use of advanced digesters for generating biogas along with adoption of reciprocating gas engines to generate electricity using biogas is enabling treatment plants to reduce energy consumption. These developments are anticipated to provide a significant push to the global sewage treatment facilities market.
Residential segment represents major end-use market for sewage treatment plants. Municipal bodies are focused on designing, supplying and commissioning waste water treating equipment for potable water, sewage and storm-water end-use markets. Growth in this segment will be driven by the need to comply with strict regulations requiring household sewage waste to be treated prior to release into the environment. The increasingly scarce water resources are also driving need for recycling and reuse of residential sewage/wastewater for other applications, thus necessitating establishment of sewage treatment plants.
Commercial Segment to Reach $26.3 Billion by 2026
In the global Commercial segment, USA, Canada, Japan, China and Europe will drive the 3.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$15 Billion in the year 2020 will reach a projected size of US$19.6 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.9 Billion by the year 2026, while Latin America will expand at a 5.2% CAGR through the analysis period.
The U.S. Market is Estimated at $30 Billion in 2021, While China is Forecast to Reach $23.5 Billion by 2026
The Sewage Treatment Facilities market in the U.S. is estimated at US$30 Billion in the year 2021. The country currently accounts for a 24.36% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$23.5 Billion in the year 2026 trailing a CAGR of 7.8% through 2026.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 4.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.6% CAGR while Rest of European market (as defined in the study) will reach US$25.6 Billion by the close of the analysis period.
Select Competitors (Total 217 Featured)
- Buckman Laboratories International Inc.
- Ecoprog GmbH
Key Topics Covered
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of COVID-19 Pandemic and Looming Global Recession
- 2020 Marked as a Year of Disruption & Transformation
- Impact on Pandemic on Sewage Treatment Facilities
- Pandemic Enhances Significance of Wastewater Surveillance
- Amidst Pandemic, Researchers Analyze Sewage for COVID-19 Contamination
- UK and Indian Researchers Develop New Sensor for COVID-19 Detection in Wastewater
- Sewage Treatment Facilities: Holding Crucial Role in Sewage & Wastewater Treatment
- Sewage Generation & Collection
- Sewage Characteristics
- Sewage Treatment Process
- Sewerage Systems
- Select Sewage Treatment Technologies
- Global Market Outlook
- Developing Economies to Spearhead Future Growth
- World Brands
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rise in Sewage Discharge Volumes, Scarce Resources and Need for Clean Water to Drive Need for Sewage Treatment Facilities
- Deteriorating Water Quality and Widening Gap between Safe & Reliable Water Supply Intensify the Need for Wastewater Treatment
- Expanding Population & Globalization Necessitates Investments into Sewage Treatment Facilities, Propelling Market Growth
- As Urban Population Expands, Demand for Sewage Treatment Facilities Poised to Grow
- Growing Pressure from Governments & Stringent Regulatory Landscape Contribute to Rising Investments in Sewage Treatment Facilities
- Threat of Micropollutants & Limitations of Conventional Wastewater Treatments Drive Focus onto Advanced Sewage Treatment Technologies
- Advanced Treatment to Remove Micro-Pollutants
- Increase in Industrial Activities Shifts Focus onto Effective Sewage Treatment Facilities
- Low Level of Wastewater Treatment Services in Low-Income Economies: A Major Hurdle
- Growing Threat of Waterborne Diseases through Sewage Discharges Enhances Importance of Sewage Treatment Plants
- Medical Sewage Wastewater Treatment: Vital to Reduce Risk of Infections & Illnesses
- Innovative Sewage Waste Management Technologies
- Key Challenges Confronting Sewage Treatment Plants
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- Total Companies Profiled: 217
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