Global Industrial Wastewater Treatment Market

Industrial Wastewater Treatment Market Size, Share, Growth Analysis, By Application(boiler feed water, chemical production, cooling towers, closed loop chillers), By Technology(biological treatment, membrane bioreactors, activated sludge, reverse osmosis), By End Use(oil & gas, chemical, mining, power), By Process(ultrafiltration systems, vacuum evaporation and distillation, reverse osmosis systems, paper bed filters), By Region - Industry Forecast 2024-2031


Report ID: SQMIG55D2003 | Region: Global | Published Date: March, 2024
Pages: 182 | Tables: 134 | Figures: 77

Industrial Wastewater Treatment Market News

  • Enhancing Water and Wastewater Treatment Capabilities in the Southeastern United States, Solenis and CedarChem formed a strategic collaboration in 2023. Acquisition supports a direct-to-market strategy by increasing customer value for sales and services related to water and wastewater treatment.

     

  • A strategic relationship was formed in October 2022 between Gross-Wen Technologies and Xylem Water Solutions Singapore. This partnership, which was announced on October 5, 2022, aims to advance algae-based wastewater treatment technologies in Singapore. The main goal is to improve the revolving algal biofilm (RAB®) technology developed by Gross-Wen Technologies, which is well-known for its environmentally friendly wastewater treatment capabilities, which include reduced carbon footprints and nutrient recovery. A small-scale RAB® system will be implemented at Xylem's Singapore facility as part of this initiative, which is a part of PUB's Carbon Zero Grand Challenge. This system may be adopted more widely in Singapore's National Water Agency, PUB, showcasing the industry's dedication to sustainable wastewater management and emission reduction.

     

  • Pentair plc successfully completed, subject to usual adjustments, the $1.6 billion purchase of Manitowoc Ice from Welbilt, Inc. in July 2022. One of the leading suppliers of commercial ice manufacturers is Manitowoc Ice. Pentair's Commercial Water Solutions business is strengthened by this calculated decision, which allows them to provide foodservice and hospitality clients across the globe with all-inclusive water management solutions. With more than a million commercial ice makers installed worldwide thanks to Manitowoc Ice's widespread global presence, Pentair solidifies its position in the industry and reaffirms its dedication to offering sustainable water solutions to a wider range of clients.

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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).

With several large companies competing on a worldwide and regional scale, the industrial wastewater treatment industry is extremely competitive and fragmented. To increase their market share, major firms are forming partnerships, expanding their portfolios, and doing research and development. The top businesses also employ mergers and acquisitions, new product launches, geographical expansions, partnerships, collaborations, and agreements to increase their market share. 'Suez SA', 'Veolia Environnement S.A.', 'Xylem Inc.', 'Evoqua Water Technologies LLC', 'Aquatech International LLC', 'Pentair plc', 'Ecolab Inc.', 'Hitachi, Ltd.', 'Mitsubishi Electric Corporation', 'Honeywell International Inc.', 'Siemens AG', 'General Electric Company', 'Dow Chemical Company', 'BASF SE', 'DuPont de Nemours, Inc.', '3M Company', 'Calgon Carbon Corporation', 'Kurita Water Industries Ltd.', 'Solenis LLC', 'Kemira Oyj'

One of the most significant factors contributing to environmental deterioration is the disposal of industrial effluent. Pathogens, toxic compounds, oil and grease, salts, nutrients, heavy metals, sludge, acids, and bases are just a few of the dangerous elements found in wastewater. The framework for regulating the discharge of pollutants into U.S. waterways is defined by the Clean Water Act (CWA). Other nations, like China, Spain, the Netherlands, and others, have also taken the required actions to clean and manage wastewater. Modern water reclamation systems must incorporate membrane filtering.

Implementing reduce-recycle-reuse activities to take a more sustainable approach. Reducing, reusing, and recycling are referred to as the "three Rs" of sustainability. The three Rs are designed to reduce waste and preserve natural resources. Reusing cleaned wastewater for beneficial uses including watering of gardens and farms, industrial activities, toilet flushing, and recharging groundwater basins is known as water recycling (referred to as groundwater recharge). Recycling water conserves resources and money. Wastewater treatment can be adapted to satisfy the anticipated reuse's water quality standards. Water is a resource that is very important in every sector. Reusing wastewater is therefore crucial, and the 3Rs will aid any sector in becoming more sustainable.

According to regional analysis, Asia Pacific's share of the worldwide industrial wastewater treatment market was highest in terms of revenue in 2021. Leading nations for industrial wastewater management include China, India, Japan, and South Korea. The increased market share can be attributed to the area's rapid population growth and urbanization, rising demand for sophisticated residential water treatment, advancements in membrane technology, increased ecological degradation, limited water resources, and an increasing number of public sector investments in water infrastructure. As one of the world's major economies with rapid industrial development, China produces a significant amount of garbage. China emitted 55.7 billion cubic meters of wastewater in 2020, 26% of which came from industrial sources, according to the International Trade Administration (ITA). As part of its growth goal to move toward a cleaner and more sustainable economy, China wants to spend USD 50 billion in a variety of heavily polluting industries, including textiles, printing, coal mining, pharmaceutical manufacture, oil and gas extraction, and steel production.

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Global Industrial Wastewater Treatment Market

Report ID: SQMIG55D2003

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