COVID-19 IMPACT ANALYSIS ON GLOBAL WASTEWATER TREATMENT SERVICES
Axiom MRC provides a 360-degree analysis of micro and macro-economic factors in the global Wastewater Treatment Services market. In addition, a complete analysis of changes in the global Wastewater Treatment Services market expenditure, and economic and international policies on the supply and demand side. The report also studies the impact of a pandemic on global economies, international trade, business investments, GDP, and marketing strategies of key players present in the market. COVID-19 pandemic seems to be a public emergency after World War 2. COVID-19 impacted many industries around the world. Due to the COVID pandemic, few markets were pushed up and some got down in revenue and sales, and the global wastewater treatment is one such market that has gained attention in COVID-19. Since COVID-19 virus can spread through water, large-scale treatment of water across cities became extremely important, in order to curtail the spread of the virus. Similarly, the need for proper and advanced wastewater treatment in hospitals became a major concern for governments as well as authorities to prevent the second wave of pandemic. COVID-19 brought additional challenges with the increased use of medical products, including masks and gloves made of plastics, textiles, and other single-use products. These products are openly disposed in open environment or in an existing drainage system, contributing to the already COVID situation. To minimize the virus spread, various governments have implemented various measures. However, several such initiatives have boosted the demand for as well as sales of the global wastewater treatment market.
MARKET OVERVIEW- GLOBAL WASTEWATER TREATMENT SERVICES
MARKET DRIVERS
The global Wastewater Treatment Services market has been driven by increased concern regarding environmental and public health. The factors contributing to the market’s growth are strict government rules on the emission of waste products in clean water and increased urbanization. The various industries, such as food and beverages, pharmaceuticals, pulp and paper, and metal mining, require the use of clean water for operations in plants. The rising prevalence of chronic diseases caused by toxic and contemning water, the need to boost human health and food security and improve sanitization is driving the wastewater treatment market.
MARKET OPPORTUNITIES
The market is expected to have a new opportunity with the increasing adoption to a sustainable approach of reusing wastewater for non-potable applications, providing a consistent source of alternative water to federal facilities. The wastewater effluent can be used for landscape irrigation, vehicle wash, construction-related applications, dust suppression, ornamental pond, and fountain filling, cooling tower makeup, and toilet and urinal flushing. Water recycling offers resources and financial savings. There are many technological advancements taking place in wastewater treatment to lower the water risk of a site, making it more water secure. Water is a critical source in any industry, and with government rules, there is not a major amount of water for industrial and municipal use. Thus, the recycling of wastewater is crucial.
MARKET RESTRAINTS
There are three ways to treat the water: primary, secondary, and tertiary treatment. Wastewater treatments can be costly and require specific skills and expertise. This is the major constraining factor in the wastewater treatment services market. More treatment is required if a higher number of contaminants are present in the water, and the process can be costly. For instance, the Development Bank of Latin America (CAF) estimates USD 80 billion will be spent on sewerage infrastructure and USD 33 billion on wastewater treatment. The cost depends on the flow rate of the effluent, water quality, the required degree of purity, and construction materials.
MARKET GROWTH CHALLENGES
There are some challenges associated with the wastewater treatment market, such as energy consumption, skilled staffing, and disposal of excess sludge produced during the process. Wastewater treatment requires 2 - 3% of a developed nation’s electrical power or approximately 60 TWh (terawatt hours) per year. This energy consumption is one of the largest expenses in operating a wastewater treatment plant. Along, with this, the wastewater treatment Operators must be trained with the required skills. They are on call 24 hours a day and are responsible for overseeing everything from pipe leaks and valves to electrical and instrumentation equipment. These are some factors that seem to be challenging in the wastewater treatment services market.
CUMULATIVE GROWTH ANALYSIS
The report provides an in-depth analysis of the global Wastewater Treatment Services market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. The demand for clean water and growing urbanization is increasing and this market is expected to witness growth at a specific CAGR from 2022-2028.
WASTEWATER TREATMENT SERVICES MARKET SEGMENTAL OVERVIEW
The global Wastewater Treatment Services market comprises different market segments like type, end-user and geography.
WASTEWATER TREATMENT SERVICES MARKET BY TYPE
By type, the Wastewater Treatment Services market includes a key segment of
- Building & Installation
- Design & Engineering Consulting
- Maintenance & Repair
- operation & process control services
The operations and process control services are projected to be the most rapidly expanding segments during the forecast period. This segment has acquired a major chunk of revenue in wastewater treatment in 2019. The rising demand for wastewater treatment services in developing economies along with the rapid industrial development and growth of population is expected to drive the segment in near future. Moreover, the need to remove suspended solids before the sludge is discharged into the environment is economically feasible and has driven the demand for operation and process control services in the coming period.
WASTEWATER TREATMENT SERVICES MARKET BY END-USER
The Wastewater Treatment Services on the basis of end-user is consisting of
- Municipal
- Industrial
- Chemical and Pharma
- Food
- Pulp and Paper
- Metal & Mining
- Power Generation
The municipal segment is anticipated to achieve the largest market revenue share. The residential water is also treated usually through the municipal wastewater treatment plant. The growth of the segments has been driven by the rising population, and the shortage of water resources has upsurged the necessity for more wastewater treatment and water recycling services, seeking the municipal segment growth over the forecast period.
WASTEWATER TREATMENT SERVICES MARKET BY GEOGRAPHY
The global Wastewater Treatment Services market is studied for the following region
- North America
- Europe
- Asia-Pacific
- Rest of the world (RoW)
For the wastewater treatment services market, The APAC region has played a dominant role in the global wastewater treatment market. APAC comprises major emerging nations such as China and India. The APAC is also leading in population growth, constituting approximately 61.0% of the world’s population, the increasing urbanization and the manufacturing and processing sectors are growing rapidly in the region. The APAC is estimated to be the largest in wastewater treatment services, with China being the major market that is growing significantly. The increasing industrial development in emerging economies led to the growth of APAC during the forecast period.
COMPETITIVE LANDSCAPE ANALYSIS
The competitive landscape analysis of the Wastewater Treatment Services market is majorly focused on expanding the global growth of wastewater treatment services. The market is comprised of different industrial players that operate in wastewater treatment services. The players that are included give insight into different aspects of wastewater treatment services.
The key players studied in the market are
- Veolia (France)
- Suez (France)
- Xylem (United States)
- Ecolab (United States)
- Evoqua Water Technologies LLC (United States)
- Thermax Group (India)
- WOG Group (India)
- SWA Water Holdings Pty. Ltd (Australia)
- Envirosystems Inc (United States)
- Aries Chemical Inc (United States)
- BAUMINAS (Brazil)
- Buckman (United States)
- Cortec Corporation (United States)
- Feralco AB (Sweden)
- Hydrite Chemical Co (United States)
- InnospecMost
- GEO Specialty Chemicals (United States)
RECENT DEVELOPMENT:
July 2022: Veolia to develop wastewater reuse at all compatible sewage treatment plants operated by Veolia by installing compact wastewater recycling units in France. This pioneering circular economy approach will help to scale-up wastewater reuse technology in France. The project could save around 3 million cubic meters of drinking water with 100 plants targeted around the country is equivalent to the average annual consumption of a city of 180,000 inhabitants.
May 2022: Veolia has signed a unilateral put agreement with Séché Environnement under which Séché Environnement has committed to acquire a part of Veolia's industrial water treatment services business in France. This agreement constitutes the remaining part of the antitrust remedies required by the European Commission in the context of the merger between Veolia and Suez. This transaction.
marks the implementation of the last part of the antitrust remedies requested by the European Commission in the context of the merger with Suez.
April 2022: Suez SA is a French-based utility company, was recently awarded a 30-year, build-and-operate contract for an industrial wastewater treatment plant in Changshu. This expands the already-broad strategic partnership between SUEZ and the City of Changshu which includes a portfolio of water, wastewater, and waste management projects. The project will reinforce the high-quality, environmentally sustainable development of Changshu’s economy.
July 2019: French utility-based company Suez has announced the expansion worth €145m ($161.4m) to build and operate a wastewater treatment plant in New Delhi, India. The contract was offered to Suez by the Delhi Jal Board, the governing body for water management. The plant is projected to have a capacity of 564,000m3 per day once it becomes completely operational.
