Global Water and Sewage Market: Navigating Sustainability Challenges
The Business Research Company's Water And Sewage Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032
The Business Research Company's Water And Sewage Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032
LONDON, GREATER LONDON, UK, November 22, 2023 /EINPresswire.com/ -- Market Growth: Sustaining Momentum Amidst Disruptions
Thewater and sewage marketsize is projected to increase from $635.88 billion in 2022 to $683.68 billion in 2023, demonstrating a commendable compound annual growth rate (CAGR) of 7.5%. Looking ahead, the market is expected to reach $886.14 billion by 2027, maintaining a steady CAGR of 6.7%.
Untreated Wastewater: Driving Market Expansion
The substantial volume of untreated wastewater emerges as a key driver propelling the water and sewage market's growth. Wastewater, originating from residential and business sources, contains pollutants such as nitrogen and phosphorus. To mitigate the environmental impact, sewage treatment facilities play a crucial role in treating wastewater, reducing pollutants to a tolerable level. For instance, the "Urban Wastewater Scenario In India" report indicates a significant opportunity for sewage treatment facilities, with 72% of wastewater in urban areas remaining untreated. This highlights the imperative for increased investment in sewage treatment, shaping the future trajectory of the water and sewage market.
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Industry Leaders: Steering Sustainable Solutions
Major companies leading the water and sewage market include Veolia Environment SA, Suez Environnement SA, Engie, Huaneng Power International, Inc., Companhia de Saneamento Basico-Sabesp, American Water Works Company, Inc., Carrier Corporation, United Utilities, Severn Trent Plc, and Anglian Water. These industry leaders are instrumental in driving innovations, adopting sustainable practices, and shaping the landscape of water and sewage management on a global scale.
Energy-Efficient Technologies: Shaping the Future of Water Treatment
Water treatment plants are embracing energy-efficient technologies to reduce their environmental footprint. Technologies like membrane-aerated biofilm reactors (MABR) and advanced anaerobic digesters contribute to water resource recovery, making treatment plants more energy-neutral. For instance, OxyMem, an Irish water treatment company, employs MABR technology, which is 75% more efficient than conventional wastewater treatment technologies.
Combatting Micro-Pollutants: Advanced Treatment Approaches
Conventional wastewater treatment plants are adopting advanced technologies to address the challenge of micro-pollutants. Contaminants from pharmaceutical residues, household chemicals, and personal care products are effectively treated using technologies such as moving bed biofilm reactors (MBBR), ozone-based advanced oxidation, adsorption, and powdered activated carbon (PAC). This proactive approach is particularly evident in European countries like Germany and Switzerland, where there is a growing focus on removing micro-pollutants from wastewater streams.
Regional Dynamics: Asia-Pacific Leading the Charge
In 2022, Asia-Pacific emerged as the largest region in the water and sewage market, underscoring the region's commitment to sustainable water management. North America secured its position as the second-largest region, reflecting the global significance of water and sewage initiatives. The comprehensive industry analysis encompasses Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Market Segments
The global water and sewage market is segmented -
1) By Type: Water Supply & Irrigation Systems, Sewage Treatment Facilities, Steam & Air-Conditioning Supply
2) By End-User: Residential, Commercial, Industrial
3) By Type of Operator: Public Operator, Private Operator
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Water And Sewage Global Market Report 2023from TBRC covers the following information:
•Market size date for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries:Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
TheWater And Sewage Global Market Report 2023byThe Business Research Company is the most comprehensive report that provides insights on water and sewage market size1, water and sewage market drivers and trends, water and sewage market major players, water and sewage marketcompetitors' revenues, water and sewage marketpositioning, and water and sewage marketgrowth across geographies.The water and sewage market report2 helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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