Garner USD 472.53 Billion, Globally, by 2027 at 7.0% CAGR: Emergen Research
Emergen Research Logo
Rapid urbanization and industrialization, coupled with increasing demand for clean water, are driving the demand of the market.
Water and Wastewater Treatment Market Size – USD 283.98 billion in 2019, Market Growth - CAGR of 7.0%, Market Trends – Utilization of modern technologies such as artificial intelligence”
— Emergen Research
VANCOUVER, BC, CANADA, August 15, 2022 /EINPresswire.com/ -- Water and Wastewater Treatment Market will be worth USD 472.53 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the lack of freshwater resources in different parts of the world. The growing global population is suffering from the scarcity of water, especially the people from Africa and the Middle East, which has increased the adoption of the water and wastewater treatment facilities in the region. The rapid urbanization, infrastructural and technological developments of the existing sewage treatment facilities have augmented the demand for water and wastewater treatment facilities over the forecast period.
The report on the Global Water and Wastewater Treatment Market initially offers an in-depth overview of the Water and Wastewater Treatment Market along with insights into the developments and advancements in the sector. The report offers a comprehensive overview of the regional and competitive landscape and provides a deeper insight into the current market scenario and future growth prospects. The research study also provides a complete analysis of the market drivers, restraints, limitations, threats, risks, and growth opportunities.
Click the link to get a Free Sample Copy of the Report @ https://www.emergenresearch.com/request-sample/322
Some Key Highlights from the Report
In June 2020, Siemens collaborated with Acciona in order to create a Digital Twin to improve water treatment plants. The new technology achieved through this collaboration is used to analyze, optimize, and improve productivity, reducing operating times, and finding faults early.
The municipal segment held the largest market share of 57.4% in 2019 as the water, and wastewater treatment facilities are extensively used by the municipal corporations. The scarcity of freshwater in the developing economies has resulted in the increasing usage of water treatment facilities by municipal corporations.
The chemical segment is forecasted to grow with the fastest CAGR of 7.6% over the forecast period. Chemicals such as coagulants & flocculants are widely used by the municipal corporation to remove the suspended solid particles from the wastewater.