Global Industrial Wastewater Treatment Market Size, Share, Growth Analysis, By Application, By Technology, By End Use, By Process - Industry Forecast 2024-2031

Global Industrial Wastewater Treatment Market size was valued at USD 13.48 billion in 2022 and is poised to grow from USD 14.19 billion in 2023 to USD 21.46 billion by 2031, at a CAGR of 5.30% during the forecast period (2024-2031).

Two major factors driving the expansion of the industrial wastewater treatment business are the rising incidence of various chronic illnesses and growing environmental concerns about the effects of wastewater. Environmental worries over soil erosion and pollution of marine life and ecosystems have increased demand for efficient wastewater treatment. Furthermore, cholera, typhoid, diarrhea, amoebiasis, and other chronic illnesses that are exceedingly harmful to the environment and living creatures are spread by wastewater. The World Health Organization (WHO) estimates that waterborne infections claim the lives of 3.4 million people annually.

Wastewater is one of the main issues facing the United Nations (UN) Office for the Coordination of Humanitarian Affairs (OCHA) in the twenty-first century. Over 7.2 million Americans are ill each year from illnesses carried by water, according to the Centers for Disease Control and Prevention. The issue has been helped by the application of some more recent and potent technologies. For example, advanced oxidation procedures, membrane filtration systems, and a few more state-of-the-art methods are used to treat industrial wastewater.

Strict rules and regulations put in place by different governments in different countries are also a major factor driving the market's revenue growth. For example, the Global Wastewater Initiative was launched by the UN Environment Programme in an effort to encourage efficient wastewater management techniques and change the public's perspective of wastewater from a waste product to a highly valued resource. In addition, the World Bank funded the "Wastewater: From Waste to Resource" effort in Latin America and the Caribbean (LAC) in order to solve the wastewater problem and educate decision-makers about the potential of wastewater as a resource. The positive impact of these government initiatives is increasing demand for industrial wastewater treatment and wastewater treatment plants (WWTPs).

Top-down and bottom-up approaches were used to estimate and validate the size of Global Industrial Wastewater Treatment Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Logistics Automation Market Segmental Analysis

The market for industrial wastewater is divided into segments according to process, end use, technology, application, and geography. Boiler feed water, chemical production, cooling towers, closed loop chillers, air compressors, air washers, pharmaceutical production, and other applications are the segments of the market that are divided based on application. The market is divided into segments based on technology, including membrane bioreactors, activated sludge, reverse osmosis, membrane filtration, biological treatment, and sludge treatment. The market is divided into segments based on end use, including pulp and paper, chemicals, mining, oil and gas, and others. The global industrial wastewater treatment market has been divided into several segments based on the processes used, including vacuum evaporation and distillation, paper bed filters, solid bowl centrifuges, tramp oil separators, ultrafiltration systems, and reverse osmosis systems. The market is divided into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

Drivers of Global Industrial Wastewater Treatment Market

The environmental degradation caused by industrial effluent disposal is one of the biggest factors. Wastewater contains a variety of hazardous substances, including bacteria, heavy metals, oils and grease, salts, nutrients, sludge, acids, and bases. The Clean Water Act (CWA) establishes the foundation for controlling the discharge of contaminants into U.S. waterways. The necessary steps to clean and manage wastewater have also been done by other countries, including China, Spain, the Netherlands, and others. Membrane filtering is a necessary in contemporary water reclamation systems.

Restraints in Global Industrial Wastewater Treatment Market

Worldwide, 359.4 billion m3 of wastewater are generated year; only 52% of that is treated. In China, wastewater contaminates 70% of aquatic bodies, even though as of January 2020, there were only 10,113 WWTPs. An estimated 3% to 15% of the nation's electrical energy is used annually for wastewater treatment. The market for treating industrial wastewater is heavily influenced by the increased reliance on power and the resulting depletion of this resource. A cost-intensive component combined with low margins is one of the main issues impeding the market's revenue growth.

Market Trends of Global Industrial Wastewater Treatment Market

putting reduce-recycle-reuse into practice to adopt a more sustainable strategy. The "three Rs" stand for reduction, reuse, and recycling in the context of sustainability. The three Rs are intended to protect natural resources and minimize waste. Water recycling, also known as groundwater recharge, is the process of reusing cleaned wastewater for advantageous purposes such as flushing toilets, industrial processes, watering crops and gardens, and groundwater replenishment. Water recycling helps save money and resources. It is possible to modify wastewater treatment to meet the water quality requirements for the planned reuse. A resource that is vital to all industries is water. Thus, it is imperative to reuse wastewater, and the 3Rs will help any industry become more sustainable.