The United States water and wastewater treatment market size was valued at USD 113.76 billion in 2023 and is projected to grow from USD 121.40 billion in 2024 to USD 206.64 billion by 2032, exhibiting a CAGR of 6.9% during the forecast period.
The process of water and wastewater treatment usually includes the cleaning and purification of contaminated water and industrial wastewater, both of which are deemed unfit for consumption or other applications. It uses a wide range of technologies to both purify the contaminated water before it is released for consumption and remove pollutants from wastewater before it is released back into the freshwater bodies. The companies operating in this industry offer filtration, disinfection, membrane separation, chemical treatment, and many other solutions to make it easier for their customers to treat wastewater effectively. These factors will help the U.S. water and wastewater treatment market share grow.
Fortune Business Insights™ displays this information in a report titled, "U.S. Water and Wastewater Treatment Market, 2024-2032."
LIST OF KEY COMPANIES PROFILED IN THE REPORT
- Veolia (France)
- Acciona S.A. (Spain)
- Hydro International (U.K.)
- Orenco Systems (U.S.)
- Aquatech International LLC (U.S.)
- BioMicrobics Inc. (U.S.)
- Calgon Carbon Corporation (U.S.)
- Kemira Oyj (Finland)
- Suez Worldwide (France)
- Xylem (U.S.)
- DuPont (U.S.)
Segmentation:
Service Segment to Lead owing to Rising Water Treatment Investments
Based on segment, the market is classified into chemicals, equipment, and services. The chemicals segment is further segmented into antifoam chemicals, coagulants & flocculants, pH conditioners, scale & corrosion inhibitors, disinfectants, and others. The coagulants & flocculants segment dominates the market due to its wide use in the treatment of sludge.
Rising Wastewater Demand across Residential Sector to Aid Growth of the Municipal Segment
By application, the market is bifurcated into industrial and municipal. Higher production of wastewater through residential buildings, and usage of municipal water for adventure parks and swimming pools will boost the market demand.
Report Coverage:
The research report conducts an in-depth analysis of this market and focuses on key aspects, such as leading product types, companies, and top end-users of these solutions industries. It also offers important insights into the leading industry developments and latest market trends. In addition to the abovementioned factors, the report covers a wide range of factors that have contributed to the market's growth in recent years. The report also predicts the market’s revenue growth in the U.S. and utilizes historical data, while studying the latest market dynamics and opportunities in the industry.
Drivers and Restraints:
Rapid Urbanization & Growing Population to Augment Market Growth
The total percentage of the global population is increasing at a strong pace each year. This factor has also given a major boost to the urbanization trend as more people are moving to cities to seek employment or lead a better lifestyle. Therefore, rising urbanization is one of the many factors that might fuel the demand for wastewater treatment services in urban areas.
However, growing population and large-scale urbanization have put natural water resources under immense pressure as the demand for clean water has also skyrocketed. It has also sent manufacturing industries into overdrive, which is ultimately increasing the volume of wastewater being generated by factories. These aspects are predicted to augment the need for wastewater treatment solutions, thereby accelerating the U.S. water and wastewater treatment market growth.
Information Source: https://www.fortunebusinessinsights.com/u-s-water-and-wastewater-treatment-market-107674
Competitive Landscape:
Leading Companies to Implement Expansion Strategies to Maintain Top Market Position
- KÜKE GmbH, ProMinent, Evoqua Water Technologies LLC, and Ecolab are some of the most well-renowned companies operating in the U.S. water and wastewater treatment market. These key market players have captured a dominant share of this industry and focusing on strengthening their business expansion strategies to gain a strong competitive edge. They are also formulating key corporate growth strategies, such as signing collaboration agreements, acquisition deals, and creating long-term partnerships with other renowned market participants to boost their market presence.
Notable Industry Development:
March 2023: Aquatech International and Fluid Technology Solutions, Inc. collaborated with each other to provide next generation of innovative separation, brine concentration, and water reuse solutions.