Expanded Market Reach for Water and Wastewater Treatment Technologies, Valued at a Remarkable USD 131.3 Billion
Global Water and Wastewater Treatment Technologies Market Set for Rapid Growth
The global Water and Wastewater Treatment Technologies Market is projected to expand significantly over the next decade, with a compound annual growth rate (CAGR) ranging from 5.2% to 10.04% between 2025 and 2034. By 2034-2035, the market is expected to reach between approximately USD 40.2 billion and USD 116.78 billion.
This growth is driven by a variety of factors, including stricter environmental regulations, expanding industrial and municipal water infrastructure, the adoption of advanced treatment technologies like membrane filtration, and growing sustainability initiatives worldwide.
One of the key segments of the market is the Wastewater Treatment Services Market, which is projected to grow from about USD 48.8 billion in 2024 to USD 96.0 billion by 2034, at a CAGR of approximately 7.0%. Another source predicts the wastewater treatment services market to grow at a CAGR of 6.2% from USD 60.28 billion in 2024 to USD 116.78 billion by 2035.
The Produced Water Treatment Market is estimated to grow from USD 9.51 billion in 2025 to USD 18.58 billion by 2034, at a CAGR of 7.73%. The Process Water Treatment Market is projected to increase from USD 24.2 billion in 2024 to USD 40.2 billion by 2034, at a CAGR of 5.2%. The Packaged Water Treatment Market is anticipated to grow from USD 34.04 billion in 2025 to approximately USD 80.52 billion by 2034, at a CAGR of 10.04%, the highest growth rate among segments.
Innovation, digital integration, and environmental responsibility are at the core of this market's growth and transformation in the coming years. Companies across the globe are investing in advanced technologies like membrane filtration, zero-liquid discharge, and smart monitoring systems to meet strict environmental standards.
Key players in the market include Kurita Water Industries Ltd, which launched Kurita Kitakantou in Japan, providing integrated water treatment chemicals, equipment, and IoT-enabled maintenance services. Veolia also finalized a $1.75 billion deal to acquire the remaining 30% of its WT&S unit from CDPQ, aiming to unlock ~€90 million in cost synergies by 2027.
The Asia-Pacific region led the global Water and Wastewater Treatment Technologies Market in 2024, with a dominant 41.8% market share, valued at USD 29.8 billion. Latin America is also experiencing steady progress, with countries like Brazil and Mexico making consistent investments in modernizing their municipal water treatment infrastructure. Europe also demonstrated notable growth, supported by the European Union's Water Framework Directive.
The municipal sector maintained a strong lead in the market by end-user in 2024, holding a substantial 67.9% market share. The market is evolving rapidly, driven by global challenges such as water scarcity, pollution, and the rising demand for sustainable water use. The Middle East and Africa are gradually advancing in the market, particularly in water-scarce regions where wastewater reuse is gaining traction.
Industrial players are seeking energy-efficient, cost-effective solutions for water reuse, while public and private sector initiatives are increasingly aligned to tackle both urban and industrial water challenges. For example, in Miami Dade, Black & Veatch is engineering upgrades to three wastewater treatment plants as part of an $8.6 billion capital improvement initiative, with the goal of enabling the reuse of 60% of treated wastewater.
In conclusion, the global Water and Wastewater Treatment Technologies Market is poised for continuous growth and transformation in the coming years, driven by a combination of technological advancements, environmental regulations, and the need for sustainable water solutions.
The growth in the global Water and Wastewater Treatment Technologies Market is attributable to the adoption of advanced treatment technologies like membrane filtration and the increasing focus on sustainability initiatives in the finance sector, as industries and municipalities invest in eco-friendly technologies for water treatment.
In the market, companies are integrating digital technologies and investing in innovative solutions like zero-liquid discharge and smart monitoring systems to ensure compliance with stricter environmental regulations and meet the growing demand for sustainable water use.
