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The global packaged wastewater treatment market is being driven by the increasing global water scarcity and, thus, a world-wide need to save and sustain water resources. Also, the growing water contamination level due to the waste generated from industries, further aids the market. Wastewater generated from municipalities and industries can be reused upon adequate treatment to meet the current water demand, while still 80% of the wastewater remains untreated, globally, before being channeled back to the environment. The use of packaged wastewater treatment is increasing rapidly as it provides decentralised wastewater treatment solutions, unlike the conventional method, which largely remains centralised with the high cost of maintenance.
North America is a leading market for the global packaged wastewater treatment. Within North America, Canada maintains a strong position in the market. New policies adopted by the government at the federal and provincial level in Canada, are expected to aid the market, with federal funding providing a strong source of financing. On the other hand, the Asia Pacific is emerging as a significant market due to the increasing urbanisation along with the increasing number of industrial setups in the region. Presently, Aqaba, a city in Jordon, is the only place in the world where 90% of the wastewater produced undergoes adequate treatment.
According to the present scenario, by 2026, two-thirds of the world is expected to face water shortages. The increased global water crisis demands for affordable and fast-to-deploy wastewater treatment solutions. In April 2020, Fluence Corporation Limited (ASX: FLC), a leader in the decentralized wastewater treatment market, partnered with Aquatec Maxcon (AQM) to promote and sell Smart Packaged Aspiral™ MABR?based wastewater solutions in Australia, aiming to continue its expansion into new markets.
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Fluence Corporation Limited, Clearford Water Systems Inc., SUEZ Water Technology & Solution, WesTech Engineering Inc., Bio-Microbics, Inc., Smith & Loveless Inc., Veolia Water Technologies, and Organica Water, Inc. are the major players in the global packaged wastewater treatment market. The comprehensive report provided by EMR looks into their capacity, market share, plant turnarounds, and latest developments like mergers, acquisitions and capacity expansions.
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