Fueling the Global Biological Wastewater Treatment Market Growth?
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Several industries require massive amounts of water for day-to-day operations. Fresh water usage might lead to a scarcity of water for the people. Industries can reuse water for operational activities over and over with the help of biological wastewater treatment. These factors are responsible for increasing in industrialization, which is the major factor expected to foster the growth of the global biological wastewater treatment market in the analysis period 2019-2026.
Furthermore, as the population grows, so does the demand for water. Because of the growing population, the government is expected to take various steps to clean up the water. Rising industrialization and government initiatives for water conservation are predicted to boost the growth of the global biological wastewater treatment market.
Biological wastewater treatment aids in the degradation of organic pollutants in water by utilizing natural processes. Biological wastewater treatment relies on nematodes, bacteria, and other tiny organisms that use biological mechanisms to break down organic pollutants. The basic goal of biological wastewater treatment is to design a system that allows wastewater to decompose and be conveniently collected for disposal or reuse. Biological wastewater treatment is widely employed in various countries across the globe as it is more successful and cost-efficient than chemical or mechanical methods.
However, the cost of waste water treatment is high, which is expected to hamper the market’s growth. Purifying water includes a lot of operational costs, sludge movement charges, and other conceivable charges, which is anticipated to be the biggest restraint for the growth of the global biological wastewater treatment market in the forecast period.
Key Players in the Market
Some of the leading players of the global biological wastewater treatment market, such as Evoqua Water Technologies LLC, SUEZ, Ecolab, Xylem, Pentair plc, Veolia, Aquatech International LLC, Calgon Carbon Corporation, 3M, and others are taking various business growth initiatives such as acquisitions and mergers, collaborations & partnerships, investments in R&D, and new product launches. These initiatives have helped these firms in obtaining a competitive-edge in the market in the recent period.
Market Forecast
As per a report by Research Dive, the global biological wastewater treatment market held $7.6 million in 2018 and is anticipated to garner to grow with a CAGR of 5.4% during the forecast period 2019-2026. The North America market for biological wastewater treatment accounted for the highest share in 2018 and is predicted to maintain its lead in the upcoming years.
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