According to Adroit Market Research, the market for wastewater treatment plants was estimated to be valued at USD 117.4 billion in 2021 and would increase to USD 194.7 billion by 2030 at a CAGR of 5.9%.
More people are relocating to metropolitan areas as the world’s population expands. This results in more wastewater being produced, which raises the need for wastewater treatment facilities. Wastewater from industrial operations contains a variety of contaminants in large amounts. Industries have invested in wastewater treatment technologies, fueling market expansion, as a result of stricter environmental restrictions and a greater consciousness of sustainability. Stricter laws are being implemented by governments and environmental organizations across the world to safeguard the environment and water quality. To be in compliance with these regulations, wastewater treatment facilities must be installed and updated. There is an increasing focus on recycling and utilizing wastewater in areas where there is a water shortage. This pattern fuels the demand for sophisticated treatment methods and infrastructure for water reclamation.
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