Expanding Water and Wastewater Treatment Market Forecasted to Reach USD 551.4 Billion by 2034, projecting a 5.5% annual growth rate.
In the realm of environmental services, the global wastewater treatment market is forecasted to reach an impressive USD 96.0 billion by 2034, with a Compound Annual Growth Rate (CAGR) of 7.0% between 2025 and 2034. This growth is driven by the increasing demand for clean water and waste management solutions worldwide.
North America plays a significant role in this market, with the produced water treatment market in the region surpassing USD 2.46 billion in 2024. This growth is primarily due to the oil and gas industry and is expected to continue at a CAGR of 8.03% to reach USD 5.33 billion by 2034.
However, the exact market share of North America in the overall wastewater treatment services market in 2024 is not explicitly stated, with the Asia-Pacific region holding a 41.8% share.
The decentralized water treatment market is another segment expected to grow rapidly, with a CAGR of about 13.6%-13.8% from 2024 through 2029, reaching USD 33.75 billion by 2029.
In business news, Xylem Inc. reported a revenue of $7.4 billion in 2023, marking a 33% increase from the previous year, and further expanding its portfolio by acquiring Evoqua Water Technologies in May 2023. In 2024, Xylem's revenue rose to $8.6 billion, driven by robust demand for its water infrastructure and treatment products.
Pentair plc, another key player in the market, reported annual sales of $4.1 billion in 2024, with the Water Solutions segment contributing $255 million in operating income. Despite a 4% decline in Water Solutions sales compared to 2023, Pentair achieved a 22.6% return on sales in this segment, up from 21.0% in the previous year.
In an effort to reduce its environmental footprint, Pentair launched an updated supplier sustainability assessment in 2024, focusing on greenhouse gas emissions and waste reduction.
Looking ahead, United Utilities has announced plans to invest £256 million to improve smart meter coverage and £2.5 billion to reduce storm overflow spills by 33% over the 2025-2030 period. The company achieved a 79% success rate in meeting its performance commitments, including an 18th consecutive year of meeting its leakage target in 2023.
DuPont de Nemours, Inc. received the Global Sustainability Leadership Award from the International Desalination and Reuse Association (IDRA) for its efforts in implementing UN Sustainable Development Goal 6: Water for All in 2024. The company also announced plans to spin off its water technology business, valued at approximately $1.5 billion, as part of a broader strategy to separate into three independent publicly traded companies, expected to be completed by the spring of 2026.
Sources: - Global Wastewater Treatment Market Size and CAGR [1] - Decentralized Water Treatment Market Forecast [2] - Produced Water Treatment Market and North America Share [3] - North America Packaged Water Treatment Growth [5] - In 2024, Pentair plc reported annual sales of $4.1 billion, with the Water Solutions segment contributing $255 million in operating income. - United Utilities plans to invest £256 million to improve smart meter coverage and £2.5 billion to reduce storm overflow spills by 33% over the 2025-2030 period. - Xylem's revenue rose to $8.6 billion in 2024, driven by robust demand for its water infrastructure and treatment products. - Pentair launched an updated supplier sustainability assessment, focusing on greenhouse gas emissions and waste reduction in 2024. - Despite a 4% decline in Water Solutions sales compared to 2023, Pentair achieved a 22.6% return on sales in this segment, up from 21.0% in the previous year. - In 2024, DuPont de Nemours, Inc. received the Global Sustainability Leadership Award from the International Desalination and Reuse Association (IDRA) for its efforts in implementing UN Sustainable Development Goal 6: Water for All.
In the business sector, Xylem Inc., a key player in the water treatment industry, reported an impressive revenue of $8.6 billion in 2024, demonstrating a significant growth in the finance aspect driven by the demand for water infrastructure and treatment products. Furthermore, in an attempt to lower its environmental impact, Pentair plc, another significant player, focused on finance-related initiatives such as reducing greenhouse gas emissions and waste through an updated supplier sustainability assessment launched in 2024.
