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In 2022, the global water and sewage market will grow from $578.41 billion to $631.08 billion, and by 2026, the market is projected to reach $852.92 billion at a CAGR of 7.8 percent.
FREMONT CA:At a compound annual growth rate of 9.1 percent, the global water and sewage market is expected to grow to $631.08 billion in 2022. The growth is primarily due to companies reorganizing their operations and recovering from the COVID-19 impact, which had previously resulted in restrictive containment measures such as social distancing, remote working, and the closure of commercial activities, resulting in operational challenges. The market will reach $852.92 billion by 2026, growing at a 7.8 percent CAGR.
Sales of water supply and sewage removal services by entities like organizations, sole proprietorships, and partnerships from the water and sewage market, operate water treatment plants, water supply systems, sewer systems, or sewage treatment facilities; or provide steam, heated air, or cooled air. Water supply and irrigation systems, sewage treatment facilities, and steam and air-conditioning supplies are the water and sewage market segments.
Water supply and irrigation systems, sewage treatment facilities, and steam and air-conditioning supplies are the most common types of water and sewage. Sewage treatment is a type of wastewater treatment that eliminates contaminants from sewage to produce an effluent that is suitable for disposal to the environment or reuse, therefore reducing water pollution caused by raw sewage discharges.
Water treatment plants are reducing their energy use by implementing energy-efficient technologies. Water resource recovery can benefit from energy-efficient technology such as membrane aerated biofilm reactors (MABR) and advanced anaerobic digesters.
Advanced digesters generate biogas, converted into electricity by reciprocating gas engines, allowing plants to become energy neutral. For instance, MABR technology is employed at OxyMem, an Irish water treatment organization, 75 percent more effective than conventional wastewater treatment systems. To treat micro pollutants, conventional wastewater treatment plants utilize advanced technologies originating from pesticides, personal care products, pharmaceutical residues, and household chemicals. Moving bed biofilm reactors, ozone-based advanced oxidation, adsorption, and powdered activated carbon are some technologies used for removing micro-pollutants from wastewater. In European countries such as Germany and Switzerland, there has been a growing focus on removing micropollutants from wastewater streams.
The cost-effective way of removing micro-pollutants from wastewater in Germany is GE’s membrane bioreactor and powdered activated carbon technologies. Suez Group, Arvia, and Novartis are the major companies that use advanced technologies to treat micro-pollutants.
