The global water and wastewater treatment market was valued at USD 323.32 billion in 2023 and is expected to grow from USD 346.41 billion in 2024 to USD 617.81 billion by 2032, registering a CAGR of 7.5% during the forecast period. This information is presented by Fortune Business Insights, in its report, titled, “Water and Wastewater Treatment Market, 2025-2032.” Water and wastewater treatment is crucial to meet rising clean water demand, especially as over 40% of the global population faces water stress. With only 1% of Earth's water being freshwater, many nations rely on desalination to convert seawater into drinkable water.
Surging competitiveness has resulted in the prime companies to augment their service network. Global firms are intentionally purchasing local companies to maintain their dominance in the global market.
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Segments:
Services Segment to Gain Momentum due to Larger Investments
Based on segment, the market is classified into chemicals, equipment, and services. The services segment is expected to grow at the highest pace due to companies focusing on constructing novel treatment plants and maintenance of existing facilities.
By application, the market is divided into municipal and industrial.
Geographically, the market is classified into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
List of Key Players Mentioned in the Water and Wastewater Treatment Market Report: