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U.S. Water and Wastewater Treatment Market Overview
Market Size and Growth
The global water and wastewater treatment market was valued at USD 323.32 billion in 2023 and is projected to grow to USD 617.81 billion by 2032 at a CAGR of 7.5%. The U.S. market plays a significant role due to its large population, industrial activities, and environmental concerns.
Key Trends and Drivers
- Water Stress and Scarcity: Over 40% of the global population resides in regions experiencing acute water stress. Severe water scarcity drives the need for water treatment, including desalination of seawater.
- Smart Management of Wastewater Treatment Plants: Industrial modernization demands advanced and smart technologies. Solutions like Veolia Water Technologies’ CISPEO enhance monitoring and operational efficiency.
Segmentation by Segment, Application, and Services
- Segments: Chemicals (pH conditioners, coagulants, disinfectants, and more), Equipment (Biological, filtration, sludge treatment, disinfection, etc.), Services (Design, installation, operations, maintenance, and more).
- Applications: Municipal (Serving cities and communities), Industrial (Including food & beverage, power generation, pharmaceuticals, oil & gas, and more).
COVID-19 Impact
The pandemic affected industrial water demand, leading to a 27% decline in FY 2019-2020. Municipal water treatment authorities faced revenue challenges, with some offering tariff exemptions and donations.