Unprecedented Droughts Spur the Localized Need for Water Reuse - Enabling New Growth Opportunities
Droughts, heat waves, and inadequate rainfall have caused water stress worldwide. This has led governments and utility companies to regulate water supply for industries and domestic needs to improve water availability. As such, end customers are transitioning from conventional, centralized W&WWT systems to sustainable, decentralized solutions to diversify water sources, reuse water, and optimize water use and recovery.
The analysis shows industries and municipalities readily implementing decentralized W&WWT systems to improve water reuse and ensure compliance with environmental, social, and corporate governance and sustainable development goals. Commercial end users invest in packaged/containerized treatment systems to become net zero or water-positive. We expect residential W&WWT systems to record exponential growth over the forecast period due to rising environmental consciousness and the ability to reduce utility bills. Other reasons are that treated wastewater and rainwater can act as a buffer during droughts or be used to recharge aquifers locally, thus reducing groundwater exploitation.
New and innovative business models such as water/treatment as a service will likely be a crucial growth engine as this enables market penetration, especially for risk-averse and price-sensitive customers. We anticipate solar-powered W&WWT systems currently used by municipal end users (semi-urban or rural local bodies) to register increasing adoption.
The publisher forecasts the global decentralized packaged/containerized W&WWT market revenue to reach $11.47 billion by 2030, with a 7.8% compound annual growth rate between 2022-2030.
Notably, the study offers stakeholders insights into the market, discusses factors and developments influencing adoption and implementation, and presents opportunities that participants can explore and capitalize on over the forecast period.
KEY FEATURES
The study period of this report is 2021-2030, with 2022 as the base year and 2023-2030 as the forecast period. The addressable market generates revenue from selling decentralized, modular packaged/containerized W&WWT systems to industrial, municipal, commercial, and residential end users. The geographic scope includes Asia-Pacific, North America, Latin America, the Middle East and Africa, and Europe. Other vital information consists of the following:
- Current market situation and the forecast growth rate
- Drivers and restraints
- Market size and forecast by end-user and region
- Leading players
