The water and wastewater treatment market is projected to reach $1.024 billion by 2033, driven by rapid population growth, urbanization, stringent water treatment regulations, the lack of freshwater resources and the increasing prevalence of waterborne diseases. From 2024 to 2033, this represents an annual growth rate of 5.9 percent.
These are some of the findings of a new research report by Meticulous Market Research titled Water and Wastewater Treatment Market by Type, Offering, Application, and Geography — Global Forecast to 2033.
Although the rising demand for energy-efficient, advanced water treatment technologies is expected to generate growth opportunities for market players, the report notes the high costs of installing, maintaining and operating water and wastewater treatment infrastructure are restraining the growth of the water and wastewater market, and upgrading and repairing aging water infrastructure remains a major challenge.
