Nigeria Water & Wastewater Treatment Market | Companies, Industry, Size, Share, Revenue, Analysis, Outlook, Growth, Value, Forecast & Trends : Market Forecast By Product Category, By Applications And Competitive Landscape

Nigeria Water & Wastewater Treatment market has undergone significant developments over the years as the market was primarily driven by the government's efforts to address the country's water scarcity and pollution issues. Moreover, initiatives like the National Integrated Infrastructure Master Plan (NIIMP) laid the foundation for substantial investments, targeting $150 billion between 2021 and 2025. Major projects, including the Eko Atlantic Smart City, were launched, significantly contributing to the GDP, with the construction and real estate sectors adding $26.8 million in 2022 alone. Furthermore, In the present, the market is experiencing rapid growth, propelled by ongoing urbanization and the expansion of cities to accommodate the increasing population. This urbanization has heightened the demand for clean and drinkable water, leading to a greater emphasis on wastewater treatment and reuse.

According to the research, Nigeria Water & Wastewater Treatment Market Size is projected to grow at a CAGR of 7.5% during 2024-2030. The government's proactive plans, including the National Policy on Industry 4.0 and Nigeria Vision 2030, are expected to drive further demand in the industrial sector. These policies enforce stringent regulations for water and wastewater treatment to address environmental concerns and ensure public health. However, challenges remain, such as corruption, which could cost up to 37% of GDP by 2030, impacting project timelines and quality standards. Despite these obstacles, continued urbanization and infrastructure development are projected to enhance sustainable water management, positioning the market for sustained growth.

Market Segmentation by Technology

Reverse Osmosis commands the highest revenue share in Nigeria's Water & Wastewater Treatment Industry due to its effectiveness in addressing water quality concerns, versatility in treating various water sources, and applicability across different sectors. The country's rapid urbanization, health, and environmental concerns further drive demand for this type of technology.

Market Segmentation by Application

There will be a significant growth in water treatment in the coming years. This growth is fueled by a combination of factors including population growth, urbanization, industrial expansion, agricultural demand, climate change impacts, technological innovations, and public health concerns. These factors collectively contribute to the increasing need for water treatment across various end uses, highlighting the importance of addressing water quality and ensuring access to safe and sustainable water sources.

Market Segmentation by End Use

The Municipal sector commands the highest revenue share in Nigeria's Water & Wastewater Treatment Market due to factors like government investment, regulatory compliance, public health concerns, and tariff revenue. This sector plays a significant role in ensuring access to clean water and sanitation, improving public health outcomes, and meeting regulatory standards.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Nigeria Water & Wastewater Treatment Market Overview
• Nigeria Water & Wastewater Treatment Market Outlook
• Nigeria Water & Wastewater Treatment Market Forecast
• Historical Data and Forecast of Nigeria Water & Wastewater Treatment Market Revenues for the Period 2020-2030F
• Historical Data and Forecast of Nigeria Water & Wastewater Treatment Market Revenues, By Technology, for the Period 2020-2030F
• Historical Data and Forecast of Nigeria Water & Wastewater Treatment Market Revenues, By Application, for the Period 2020-2030F
• Historical Data and Forecast of Nigeria Water & Wastewater Treatment Market Revenues, By End User, for the Period 2020-2030F
• Market Drivers and Restraints
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Trends
• Key Performance Indicators
• Nigeria Water & Wastewater Treatment Market Revenue Ranking, By Companies, 2023
• Key Competitors Analysis
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Technology

• Activated Carbon filters
• Distillation
• Reverse Osmosis
• Electro deionization
• Ion exchange
• Other (Ultra Filtration, Nano Filtration, Micro Filtration)

By Application

• Water Treatment/Process Water
• Wastewater Treatment
• Zero Liquid Discharge
• Desalination

By End Use

• Municipal
• Industrial
• Commercial & Residential