APPROXIMATELY $9.13 BILLION WAS INVESTED IN WASTEWATER TREATMENT PLANTS IN LATIN AMERICA BY 2021.
Arizton Advisory & Intelligence
Make Better Decisions With Most Exhaustive, Exclusive & Unique Reports. Leaders in Data Center & Garden Tools Industry.
An analysis of the geographical situation
The Latin American wastewater treatment plant market is presently witnessing robust growth. The market is primarily driven by the increasing awareness toward preserving water quality and maintaining natural water resources. Also, growing investments in several development plans across Brazil, Mexico, and Argentina are increasing the demand for the product. For instance, the Brazilian government has developed strategies to meet ambitious environmental objectives. It has taken steps to create Brazil’s wastewater treatment closer to developed countries as the immediate goal.
The global wastewater treatment plant market is highly developed in APAC, Europe, and North America, owing to the extensively growing use of wastewater treatment plants for eradicating contaminants from water in industrial applications and increasing demand for wastewater treatment plants within the textile industry. On the other hand, the Middle East & Africa, and Latin America are highly potential markets with enough growth opportunities.
The APAC region is the largest wastewater treatment market and accounts for most of the global market share. The region is expected to maintain dominance in terms of revenue during the forecast period.
The European industry is expected to grow with disposable income and increase consumer awareness of wastewater treatment systems benefits. Several European water companies are considering wastewater treatment systems to treat municipal wastewater to meet stringent European water standards for safe water emissions. This will drive the biological wastewater treatment market in the forecast period.
The U.S. is North America's largest wastewater treatment market, accounting for 61.84% of the share in 2021. Well-structured wastewater treatment systems and strict regulations related to effluent emission are expected to strengthen the growth in the region.
Reach us at [email protected]
Processing Magazine Indian Chemical News EIN Presswire: Press Releases