Wastewater Treatment Market Share, Size, Global Trends, Forecast

The global Wastewater Treatment market size was estimated at USD 313.1 billion in 2023 and is projected to reach USD 493 billion in 2030 at a CAGR of 13.1% during the forecast period 2023-2030.

Wastewater treatment is an imperative measure required to satisfy the escalating demand for pure water resources. This demand is not restricted to municipal and agricultural purposes but extends to crucial industrial processes as well. Presently, more than 40% of the global population inhabits areas that suffer from severe water scarcity. Due to the fact that only about 1% of the water available on earth is fresh, countries encountering acute water shortage have been compelled to undertake treatment procedures aimed at converting seawater into freshwater through the desalination process.