The water and wastewater treatment market are a global industry that provides solutions for the purification and reuse of water resources. Water treatment is the process of making raw or natural water suitable for human consumption, industrial use, or other specific applications by removing impurities and contaminants from the water to make it safe and clean for various purposes. Wastewater treatment is the process of treating water that has been used and contaminated by human, industrial, or commercial activities by to removing pollutants and contaminants from the wastewater before it is released back into the environment or discharged into a water body. One of the major driving factors of the market is the rapidly diminishing freshwater resources across the world. Our research shows that the Water and Wastewater Treatment Technologies Market size is expected to grow from USD 61.46 billion in 2023 to USD 85.28 billion by 2028, at a CAGR of 6.77% during the forecast period (2023-2028).
The need for water and wastewater treatment arises due to population growth, industrialization, agriculture, and urbanization, ultimately causing environmental issues, as the release of untreated wastewater into natural water bodies can lead to ecological damage, harming aquatic life and ecosystems. For example, as the global population grows, so does the demand for clean water. This puts pressure on water sources, leading to increased pollution and the need for effective treatment methods. Also, industrial processes generate wastewater containing various chemicals, heavy metals, and pollutants that can harm the environment if not properly treated. In addition, agriculture relies on water for irrigation and livestock, often leading to the introduction of contaminants like pesticides and fertilizers into water bodies, and urban areas produce large volumes of wastewater, often containing a mix of residential, commercial, and industrial pollutants. Luckily, water and wastewater treatment technologies are continually evolving with advances in science, technology, and environmental regulations. Sustainability and energy efficiency are increasingly important considerations in the design and operation of treatment facilities, as is the need to adapt to emerging contaminants and changing water quality challenges.