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Tertiary Water and Wastewater Treatment Technologies Market is Expected to Reach $35.5 Billion by 2027, at a CAGR of 7.2%% During the Forecast Period of 2020 to 2027

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Tertiary Water and Wastewater Treatment Technologies Market is Expected to Reach $35.5 Billion by 2027, at a CAGR of 7.2%% During the Forecast Period of 2020 to 2027

August 09
23:41 2021
Tertiary Water and Wastewater Treatment Technologies Market is Expected to Reach $35.5 Billion by 2027, at a CAGR of 7.2%% During the Forecast Period of 2020 to 2027
Tertiary Water and Wastewater Treatment Market is expected to reach a value of $35.5 billion by 2027, at a CAGR of 7.2% during the forecast period 2020-2027
Tertiary Water and Wastewater Treatment Technologies Market by Type (Membrane Filtration, UV Radiation, Chlorination, Ozonization, Activated Carbon, and Ion Exchange), and Application (Municipal and Industrial) — Global Forecast to 2027

According to a new market research report titled “Tertiary Water and Wastewater Treatment Technologies Market by Type (Membrane Filtration, UV Radiation, Chlorination, Ozonization, Activated Carbon, and Ion Exchange), and Application (Municipal and Industrial) — Global Forecasts to 2027’, the tertiary water and wastewater treatment technologies market is expected to grow at a CAGR of 7.2% from 2020 to 2027 to reach $35.5 billion by 2027.

Tertiary treatment, which is the final stage of conventional treatment technique, uses advanced treatment options and focuses on specific pollutant removal and disinfection. Some of the advanced treatment techniques used for Pharmaceuticals and Personal Care Products (PPCPs) can also be included in the tertiary treatment. The growth of this market is backed by the rapid population growth and urbanization, the rising need for new water resources, and the increasing prevalence of waterborne diseases. Moreover, the growing demand for energy-efficient and advanced water treatment technologies provides significant opportunities in this market. However, the high installation, maintenance, and operational costs obstruct the growth of this market to some extent. Upgrading and repairing aging water infrastructure are major challenges for the growth of the tertiary water and wastewater treatment technologies market.

Download Sample Report Here : https://www.meticulousresearch.com/download-sample-report/cp_id=5185

The Impact of COVID-19 on the Tertiary Water and Wastewater Treatment Technologies Market

The COVID-19 pandemic has adversely hit many economies around the globe. To control the spread of this disease and avoid the related consequences, governments across the globe have announced partial or complete lockdowns, majorly impacting many manufacturing and service industries, including tertiary water and wastewater treatment technologies.

The outbreak of COVID-19 is projected to slow down investments in the water sector worldwide. It has also increased the importance of operational reliability due to the cost of disruption. Many large users of water have downscaled or reduced activities resulting in declining industrial demand. The decline in demand from large industrial and commercial users due to lockdowns and travel restrictions is expected to reduce revenues for water utilities significantly. A survey by the Global Water Leaders Group estimates that the industrial demand for water will fall by an average of 27 % due to COVID-19. Deeper revenue losses are projected across the whole water supply chain, including operators, technology companies, contractors, chemical suppliers, and consultants.

Moreover, operations could be affected due to the increased risk of infection among utility staff. Operational continuity and flexibility are key to keeping essential water and sanitation services running while also pushing forward ongoing construction projects. Many governments identified people working in the water and sewerage industry as essential workers, enabling utilities to maintain service continuity. However, social distancing protocols mean that utilities can only retain operationally critical staff onsite. Supply chain and logistics disruptions have also been reported. This scenario has impacted the demand for tertiary water and wastewater treatment technologies.

Increasing prevalence of waterborne diseases drive the demand for tertiary water and wastewater treatment technologies

Waterborne diseases are caused by various microorganisms, biotoxins, and toxic contaminants, leading to devastating illnesses such as cholera, schistosomiasis, and gastrointestinal problems. Outbreaks of waterborne diseases often occur after a severe precipitation event (rainfall & snowfall). Climate change increases the severity and frequency of major precipitation events. Communities, especially in the developing world, face elevated risks from waterborne diseases.

The most common manifestation and cause of mortality due to waterborne diseases was dehydration due to loss of electrolytes either through vomit or diarrhea. According to the WHO, around 1.1 billion people worldwide do not have access to improved water supply sources, whereas 2.4 billion people do not have access to improved sanitation facilities. Every year more than 3.4 million people die due to water-related diseases, making it the leading cause of morbidity and mortality worldwide.

Water treatment processes can control waterborne disease transmission and reduce the number of cases to acceptable levels. The risk from waterborne pathogens can be controlled through integrated processes such as risk analysis or hazard assessment and control. The data needed for these processes are available, and advances in technology now make it possible to react in real-time. With these new tools and advanced water treatments, it is possible to reduce waterborne diseases.

Thus, the growing prevalence of waterborne diseases drives the adoption of water and wastewater treatment technologies, thereby accelerating the growth of the global tertiary water and wastewater treatment technologies market.

To provide efficient analysis, Meticulous Research® has segmented this market based on type (membrane filtration {MF & UF}, reverse osmosis, UV radiation {UV & UV-H2O2}, chlorination, ozonization, activated carbon {GAC & PAC}, ion exchange, electrochemical water treatment technology, and other treatment technologies), application (municipal and industrial {manufacturing, pharmaceuticals & chemicals, power, energy, pulp & paper, mining, petrochemicals, semiconductors, and other industrial applications}), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa).

Based on type, the tertiary water and wastewater treatment technologies market is mainly segmented into membrane filtration (MF & UF), reverse osmosis, UV radiation (UV & UV-H2O2), chlorination, ozonization, activated carbon (GAC & PAC), ion exchange, electrochemical water treatment technology, and other treatment technologies. The membrane filtration segment accounted for the largest share of the tertiary water and wastewater treatment technologies market in 2020. The large share of this segment is mainly attributed to the rising health awareness among consumers, growing emphasis on reducing the usage of chemicals in water treatment, and effective purification and reduced cost of operations offered by membrane filtration technology. However, it is also expected to witness significant growth, as some government bodies across the globe are adopting this technology to provide safe and clean drinking water to households.

Based on application, the tertiary water and wastewater treatment technologies market is segmented into municipal and industrial. The municipal segment accounted for the largest share of the tertiary water and wastewater treatment technologies market in 2020. The large share of this segment is mainly attributed to the governments’ growing focus on water quality and public health, the growing number of water treatment projects, especially in Asian countries, and the aging existing infrastructure in developed countries. However, the industrial segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the growth of the industrial sector and the rising demand for water and wastewater treatments for providing clean and processed water.

Based on industrial application, the tertiary water and wastewater treatment technologies market is segmented into manufacturing, pharmaceuticals & chemicals, power, energy, pulp & paper, mining, petrochemicals, semiconductors, and other industrial applications. The manufacturing segment accounted for the largest share of the tertiary water and wastewater treatment technologies market in 2020. The large share of this segment is mainly attributed to the rapid urbanization, technological growth, and an increasing number of manufacturing units that create strong demand for processed water. However, the energy segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the rising demand for clean water and energy.

To gain more insights into the market with a detailed table of content and figures, click here :https://www.meticulousresearch.com/product/tertiary-water-and-wastewater-treatment-market-5185

Geographic Review

Geographically, the Asia-Pacific region accounted for the largest share of the tertiary water and wastewater treatment technologies market in 2020. The large share of this region is primarily attributed to the increasing population, rising demand for advanced residential water treatment, development of membrane technology, increased environmental deterioration, the declining availability of clean water, increasing public-sector investments in water infrastructure, and increasing research & development expenditures. China is expected to dominate the Asia-Pacific market through 2027, mainly due to its large population base and industrialization, rising volumes of untreated sludge, and significant wastewater discharge. However, it is also expected to grow at the highest CAGR during the forecast period.

Key Players 

The key players operating in the tertiary water and wastewater treatment technologies market are Suez Environment S.A. (France), Veolia Environment SA (France), Xylem, Inc. (U.S.), DuPont de Nemours, Inc. (U.S.), Evoqua Water Technologies Corporation (U.S.), 3M Company, Inc. (U.S.), Pentair plc (U.K.), Calgon Carbon Corporation (U.S.), Kurita Water Industries, Ltd. (Japan), Bio-Microbics, Inc. (U.S.), ASIO, spol. s r.o. (Czech Republic), Scinor Water America, LLC (U.S.), Elgressy Engineering Services Ltd. (Israel), Outotec Oyj (Finland), Blue Eden CleanTech Solutions, Inc. (Canada), Membracon Ltd. (U.K.), Lamor Corporation Ab (Finland), and Ozone Tech Systems (Sweden).

Amidst this crisis, Meticulous Research® is continuously assessing the impact of COVID-19 pandemic on various sub-markets and enables global organizations to strategize for the post-COVID-19 world and sustain their growth. Let us know if you would like to assess the impact of COVID-19 on any industry here-https://www.meticulousresearch.com/custom-research

About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

 

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