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DUBLIN--(BUSINESS WIRE)--Sep 26, 2022--
The "Industrial Wastewater Treatment Market by Offering, Application - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
The global industrial wastewater treatment market is expected to reach $174.9 billion by 2029, growing at a CAGR of 5.8% during the forecast period of 2022 to 2029.
The increasing prevalence of waterborne diseases, stringent water treatment regulations, and lack of freshwater resources are the key factors driving the growth of the industrial wastewater treatment market. Furthermore, the growing demand for energy-efficient and advanced water treatment technologies and increasing demand for wastewater recycling, reuse of water, and biogas generation are expected to create significant opportunities for the players operating in this market.
Based on offering, the process control & automation segment is projected to record the fastest growth over the forecast period. The growth of this segment is attributed to the growing need for meeting the government-mandated quality standards of drinking water and managing wastewater. The rising focus on cost-effectiveness, efficiency, and lower workforce requirements for monitoring and managing wastewater are also some of the major factors driving the growth of this segment.
Based on application, the food & beverage segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the growing demand for wastewater reuse in the F&B industry to improve water efficiency and ensure reliable, clean water sources in process operations.
Based on geography, the industrial wastewater treatment market is segmented into five major geographies, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Asia Pacific is expected to account for the largest share of the industrial wastewater treatment market. This region is projected to witness rapid growth during the forecast period. The rapid growth of this region is driven by the presence of prominent players, rising investments in high-quality industrial wastewater treatment services, supporting government initiatives across the region, and high investments by major industrial wastewater treatment companies.
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Key Questions Answered in the Report:
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. The Impact of Covid-19 on the Global Industrial Wastewater Treatment Market
5. Market Insights
6. Global Industrial Wastewater Treatment Market, by Offering
7. Global Industrial Wastewater Treatment Market, by Application
8. Global Industrial Wastewater Treatment Market, by Geography
9. Competitive Landscape
10. Company Profiles
11. Appendix
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/tbbfiv
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SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 09/26/2022 08:32 AM/DISC: 09/26/2022 08:32 AM
http://www.businesswire.com/news/home/20220926005468/en