According to a report by Altus Market Research titled, “Water And Sewage Global Market 2022 Size, Share To 2031: By Type: (Water Supply and Irrigation Systems; Sewage Treatment Facilities; Steam and Air-Conditioning Supply); By End-User: (Residential; Commercial; Industrial; Agriculture); By Operator”, the water and sewage market size reached a value of nearly $578.4 billion in 2021, having increased at a compound annual growth rate (CAGR) of 3.4% since 2016. The market is expected to grow from 578.41 billion in 2021 to $852.92 billion in 2026 at a rate of 7.1%. The market is then expected to grow at a CAGR of 8.3% from 2026 and reach $1,271.20 billion in 2031.
Market Growth Drivers:
Growth in the historic period resulted from an increase in regulations of government for wastewater treatment, rapid urbanization, growing wastewater complexities, increased demand for water from agricultural sector, increased demand for steam and air-conditioning supply, and emerging markets growth. Going forward, the rise in global population, rapidly diminishing fresh water resources, increasing demand for wastewater treatment, industrial pollutions, awareness on cleanliness and increasing smart cities will drive growth. Factors that could hinder the growth of the water and Sewage Market in the future include high cost of water treatment technology.=
Market Growth by Key Players:
The water and Sewage market is moderately fragmented with a large number of small players operating the market. The top ten competitors in the market made up to 8.94% of the total market in 2020. Veolia Environment SA was the largest competitor with 2.30% of the market, followed by Suez Environnement SA with 1.68%, Engie with 1.24%, Huaneng Power International, Inc. with 0.87%, Companhia de Saneamento Basico-Sabesp with 0.70%, American Water Works Company, Inc. with 0.67%, United Utilities with 0.43%, Severn Trent Plc with 0.40%, Anglian Water with 0.32% and Ecolab Inc with 0.32%.
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Strategies by Key Players:
Player-adopted strategies in the water and sewage market include investing in strategic acquisition, joint venture and partnerships, energy conservation and environmental protection and construction of new water and sewage systems through investments.
Other Players Covered in the report
Kurita Water Industries Ltd, Pt. Amrita Enviro Energi (Banten, Indonesia), Aquatech International LLC (India), Toplea Machinery Imp And. Exp Co., Ltd, Shanghai Kaiquan Pump (Group) Co., LTD, Water Corporation, Anbit Drilling Equipment Co., Ltd, Henan Zhong An Electronic Detection Technology CO., LTD, Jiangsu Jiuwu Hi-tech Co, Xi an QingYun Water Treatment Tech. Co., Ltd, GSD Industrial Co., Ltd, Shanghai Dazhang Filtrate Equipment Co.,Ltd, VА Тесh Wаbаg, Тhеrmах Іndіа, Toshiba water solutions Pvt. Ltd, NALCO (National Aluminium Company Limited), Thames Water, EUROWATER, Feralco Group, Berliner Wasserbetriebe, NCH Europe, Kemira, ClearFox, Lamor, Lifasa
Market Growth by Segments:
The water and sewage market is segmented by type into water supply and irrigation systems, sewage treatment facilities and steam and air-conditioning supply. The water supply and irrigation systems market was the largest segment of the water and sewage market segmented by type, accounting for 51.1% of the total in 2021. Going forward, both water supply and irrigation systems and sewage treatment facilities market is expected to be the fastest growing segment in the water and sewage market segmented by technology, at a CAGR of 7.4% during 2021-2026.
The water and sewage market is also segmented by end-user into residential, commercial, industrial and agriculture. The residential market was the largest segment of the water and sewage market segmented by end-user, accounting for 29.6% of the total in 2021. Going forward, the residential segment is expected to be the fastest growing segment in the water and sewage market segmented by end-user, at a CAGR of 7.7% during 2021-2026.
The water and sewage market is also segmented by type of operator into public and private. The public operator market was the largest segment of the water and sewage market segmented by end-user channel, accounting for 91.7% of the total in 2021. Going forward, the private operator segment is expected to be the fastest growing segment in the water and sewage market segmented by end-user, at a CAGR of 12.2% during 2021-2026.
Market Growth by Region:
Asia Pacific was the largest region in the water and sewage market, accounting for 33.3% of the total in 2021. It was followed by North America, and then the other regions. Going forward, the fastest-growing regions in the water and sewage market will be Middle East, and, South America where growth will be at CAGRs of 9.8% and 9.2% respectively. These will be followed by Eastern Europe and Asia Pacific, where the markets are expected to grow at CAGRs of 8.1% and 7.0% respectively.
COVID-19 Impact
Like most industries, the water and sewage sector was negatively impacted by the stringent rules put in place because of the COVID-19 pandemic. With waste and sewage treatments being a key backbone of various industries and regions, COVID-19 restricted the growth and function of this sector. These plants commonly require the workforce to work in close proximity to one another, making it difficult to contain the spread of the virus and extra safety measures being taken. According to a report, many facilities were forced to significantly decrease or completely turn off their waste management processes in order to maintain inventory. Furthermore, facilities that served communities reported a significant drop in influent carbon which plays a key role in obtaining discharge permits.
Future Investment Opportunities:
The top opportunities in the water and sewage market segmented by type will arise in the Water Supply and Irrigation Systems segment, which will gain $143.1 billion of global annual sales by 2026. The top opportunities in segment by end-user will arise in the residential segment, which will gain $88.6 billion of global annual sales by 2026. The top opportunities in segment by public operator will arise in the type of operator segment, which will gain $229.4 billion of global annual sales by 2026. The water and sewage market size will gain the most in the USA at $51.5 billion.
Market: Trend-based Strategies
Market-trend-based strategies for the water and sewage market include investing in the development of technologies, developing or adopting drip irrigation systems, deploying artificial intelligence in the wastewater and sewage treatment, implementing of IoT based smart irrigation systems, developing of energy efficient and ecofriendly products and attracting government investments.
Growth Strategies by Altus Market Research for Companies in the Market:
To take advantage of the opportunities, Altus Market Research recommends the water and sewage companies to focus on adopting advanced technologies to treat micro-pollutants, focus on using artificial intelligence, focus on adopting energy efficient technologies, expand in emerging markets, expand in countries offering incentives, scale up through partnerships and acquisitions, provide competitively priced offerings in low-income countries, offer value-based pricing, focus on direct marketing, leverage social media use to maximize reach and focus on urban population.
