Meticulous Research®—a leading global market research company, published a research report titled, ' by Type, Offering (Treatment Technologies, Process Control, and Automation, Treatment Chemicals), Application (Municipal Applications, Industrial Applications), and Country - Forecast to 2030.'
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According to this latest publication from Meticulous Research®, the Europe water and wastewater treatment market is projected to reach $170.2 billion by 2030, at a CAGR of 4.3% from 2023–2030. The growth of the Europe water and wastewater treatment market is driven by the increasing prevalence of waterborne diseases, rapidly diminishing freshwater resources, rising initiatives for zero liquid discharge, and stringent water treatment regulations. However, high installation, maintenance, and operating costs restrain the growth of the Europe water and wastewater treatment market. Furthermore, the growing demand for energy-efficient and advanced water treatment technologies is expected to create growth opportunities in the market. However, one of the major challenges for the players operating in this market is the lack of waste collection & treatment infrastructure.
The Europe water and wastewater treatment market is segmented by type (wastewater treatment, water treatment), offering (treatment technologies [membrane separation and filtration, sludge management technology, activated sludge, clarification, chlorination, industrial demineralization, membrane bioreactor, UV and ozone, dissolved air flotation, and other treatment technologies], treatment chemicals, process control and automation, design, engineering, and construction services, and operation and maintenance services), application (municipal applications. industrial applications [food & beverages, pharmaceuticals and chemicals, power generation, pulp and paper, oil & gas, mining, petrochemical, semiconductors, and other industrial applications]). The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on type, the Europe water and wastewater treatment market is segmented into wastewater treatment and water treatment. In 2023, the wastewater treatment segment is expected to account for the largest share of the Europe water and wastewater treatment market. The large market share of this segment is attributed to the rising initiatives for zero liquid discharge, increasing awareness about environmental pollution, and growing demand for sustainable and efficient wastewater treatment solutions. Also, this segment is projected to register the highest CAGR during the forecast period
Based on offering, the Europe water and wastewater treatment market is segmented into treatment technologies, treatment chemicals, process control and automation, design, engineering, and construction services, and operation and maintenance services. In 2023, the operation and maintenance services segment is expected to account for the largest share of the Europe water and wastewater treatment market. The large market share of this segment is attributed to the stringent regulatory requirements, increasing need for operational excellence, increasing adoption of innovative & advanced solutions, the rising number of investments in maintenance operations, and growing complexities of water and wastewater treatment facilities.
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However, the process control and automation segment is slated to register the highest CAGR during the forecast period. The rising demand to monitor and control wastewater treatment plants and the growing need for meeting the government-mandated quality standards of drinking water are expected to support the growth of this segment.
Based on application, the Europe water and wastewater treatment market is segmented into municipal applications and industrial applications. In 2023, the municipal applications segment is expected to account for the larger share of the Europe water and wastewater treatment market. The large market share of this segment is attributed to the increasing number of wastewater treatment projects, the growing focus on improved water quality & public health, and the rising number of stringent regulations and legislations regarding wastewater.
However, the industrial applications segment is slated to register the highest CAGR during the forecast period. The growing industrialization and urbanization, rising focus on water quality from the industrial sector, growing need for water reuse, and growing advancements in industrial wastewater treatment technologies are expected to support the growth of this segment.
Based on country/region, the Europe water and wastewater treatment market is segmented into Germany, Spain, France, the U.K., Italy, Poland, Switzerland, Sweden, Belgium, Denmark, and the Rest of Europe. In 2023, Germany is expected to account for the largest share of the Europe water and wastewater treatment market. Germany's major market share is attributed to the growing awareness of environmental pollution, stringent waste and wastewater management regulations, and the growing use of modern water and wastewater treatment techniques. Furthermore, rapid industrialization, increasing wastewater reprocessing and recycling rates, and growing adoption of treatment technologies in various industrial and municipal applications are also contributing to the growth of the water and wastewater treatment market in Germany. However, France is expected to register the highest CAGR during the forecast period.
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Key Questions Answered in the Report:
· Which are the high-growth market segments in terms of type, offering, and application?
· What is the historical market size for Europe water and wastewater treatment market across the globe?
· What are the market forecasts and estimates for 2023–2030?
· What are the major drivers, restraints, opportunities, challenges, and trends in the Europe water and wastewater treatment market?
· Who are the major players in the Europe water and wastewater treatment market, and what are their market shares?
· What is the competitive landscape like?
· What are the recent developments in the Europe water and wastewater treatment market?
· What are the different strategies adopted by major market players?
· What are the geographic trends and high-growth countries?
· Who are the local emerging players in the Europe water and wastewater treatment market, and how do they compete with other players?
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Europe Water and Wastewater Treatment Market to be Worth $170.2 Billion by 2030
Science Fiction"Meticulous Research® forecasts the Europe Water and Wastewater Treatment Market to be worth $170.2 billion by 2030, growing at a 4.3% CAGR during 2023-2030."
