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The Worldwide Water and Wastewater Treatment Industry is Expected to Reach $956.4 Billion by 2032
DUBLIN, April 27, 2022--(BUSINESS WIRE)--The "Water and Wastewater Treatment Market by Type, Offering, Application, and Geography - Global Forecast to 2032" report has been added to ResearchAndMarkets.com's offering.
This report provides an in-depth analysis of the water and wastewater treatment market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2032.
The Water and Wastewater Treatment Market is expected to reach a value of $956.48 billion by 2032, at a CAGR of 5.4% during the forecast period 2022-2032.
Rapid growth in population and urbanization, stringent water treatment regulations, the rising need for new water resources, the growing emphasis on water quality and public health, and the increasing prevalence of waterborne diseases are driving the growth of the water and wastewater treatment market.
Furthermore, the growing demand for energy-efficient and advanced water treatment technologies is expected to provide significant growth opportunities for water and wastewater treatment system providers. However, the high installation, maintenance, and operational costs are expected to hinder the growth of this market to a notable extent. In addition, the aging and deterioration of existing water infrastructure are major challenges for the growth of the water and wastewater treatment market.