The Europe Wastewater Treatment Service Market is expected to grow at a CAGR of 4.5% during the forecast period 2024 to 2029. The market value was at USD 11.81 billion in 2023 and the value is expected to reach USD 15.38 billion by the end of 2029.
The Journal of Environment Management published a recent study on the adsorption of textile dyes employing activated carbon and cross-linked polyvinyl phosphonic acid composites. It was found that composite obtained from activated carbon and polyelectrolyte treated the wastewater and enhanced its quality.
With the increasing scarcity of fresh drinking water, the call for wastewater treatment equipment has escalated in industrial and municipal applications. Also, the rise in governmental concerns about the disposal of water and energy savings is creating immense growth potential for the wastewater treatment service market, especially in developed regions like Europe.
The rise in the dysfunction of the human body has resulted in the call for clean and pure water all around the world. Several of the diseases are waterborne; therefore, there is a need for clean drinking water, fueling the expansion of the wastewater treatment services market.
Treatment of wastewater is one of the biggest priorities of several countries as Germany, France, and Italy. Strict environmental policies on the discharge of waste effluents in water bodies have also resulted in the expansion in the European market. Because of the escalated amount of water pollution, the water bodies are full of effluents and no life. Hence governments in European economies are taking the initiative to provide pure and clean water.
Furthermore, expansion in the pharmaceuticals, food, and beverage, and oil & gas businesses is estimated to boost the demand for water filtration equipment in this region. Government rules on the reuse and recycling of municipal and industrial wastewater are probable to fuel the call for wastewater treatment services. Moreover, the market for filtration equipment has showcased high demand due to application in residential and domestic applications. In contrast, the need for disinfection equipment is probable to rise due to use in municipal and industrial wastewater management. The rise in sanitization, together with health consciousness among customers, is estimated to boost the call for water and wastewater treatment services market in Europe in the forecast period.
Disinfection is further segregated into chlorine, UV, and ozone and filtration includes granular, adsorption, RO, MF, UF, desalination, and others. Both segments are likely to account for an outstanding market share in the next few years.
On the basis of technology, tertiary water treatment is probable to have tremendous expansion opportunities due to its escalated employment in municipal sewage treatment. In addition to that, the treated effluent can be reused for urban, landscape, agricultural irrigation, industrial cooling and processing, and recreational uses.
The call for wastewater equipment has escalated in both industrial and municipal applications due to the rise in governmental concerns about the disposal of water. The industrial wastewater grades have more pH, ammonia, and high microbial count that must be treated prior to disposal. In addition to that, the municipal application needs water filtration equipment to process the wastewater for washing, cooling, and so on, which will drive the Europe wastewater treatment services market in the future.
Germany grew as the lead regional market in 2018 and accounted for 20.2% of the overall business revenue. The U.K. market accounted for the second-biggest share of nearly 16.0% of the overall wastewater treatment service market in 2018. This can be attributed to the increasing investment in industrial and residential wastewater treatment applications and rising government initiatives aimed at the effective reuse and treatment of industrial water. The U.K. has close to 7000 sewage treatment plants across the nation.
The wastewater treatment service market in France is estimated to showcase substantial expansion over the forecast period due to the rising focus of municipalities on waste treatment and stringent rules relating to industrial emissions and discharge. Water treatment is carried out on a large scale in France as around 6300 water treatment plants are operated with the intervention of private companies.
Aquatech International Corporation, Danaher Corporation, Degremont SAS, GDF Suez S.A., GE Water & Process Technologies, Veolia Environment SA, Xylem Inc, Kemira OYJ, The Dow Chemicals Company, Ashland Water Technologies are some of the notable companies in the Europe wastewater treatment service market.
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