Pune, India, Oct. 08, 2021 (GLOBE NEWSWIRE) -- The global liquid waste management market size is predicted to reach USD 85.02 billion by 2026, exhibiting a CAGR of 3.3% during the forecast period. The rising population around the world has led to a necessity for efficient liquid waste management, which, in turn, will bolster the healthy growth of the market in the forthcoming years. As per the United Nations study, the world population is expected to reach 8.5 billion by 2030, 9.7 billion by 2050 and surpass 11 billion by 2100. Moreover, the ongoing projects for water treatment plants in developing nations will subsequently accelerate the liquid waste management market revenue in the forthcoming years.
Expansion of Xylem’s Technological Hub to Boost Business Prospects
Xylem Inc., a leading American water technology company for residential, commercial, agricultural and industrial settings announced the launch of its innovative multi-disciplinary center for water, wastewater and energy technologies at the company’s regional headquarters in Singapore. The expansion project will help the company to enhance its R&D capabilities alongside helping sustainable investments in water technologies for water distribution and wastewater treatment.
The expansion of Xylem’s water treatment project will have a positive impact on the liquid waste management market trends owing to its collaboration with the Institute of High-Performance Computing (IHPC). Furthermore, President and CEO of Xylem, Mr. Patrick Decker, said in a statement, “This new multi-disciplinary center will create ample opportunities to innovate and collaborate with our customers, as we work with them to tackle the region’s greatest water challenges, including water scarcity, affordability and infrastructure resilience.
He further added, “bringing research and development capability into our regional headquarters in Singapore puts all of Xylem’s market-leading technology capability in one location, focused on the region’s water technology and infrastructure solutions.” In addition, the growing collaborations and partnerships among major market players will bolster healthy growth of the market in the foreseeable future.
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The Report Lists the Companies in the Liquid Waste Management Market:
- Veolia Environmental Services
- SUEZ Environment SA
- Xylem
- Evoqua Water Technologies Corporation
- Covanta Holding Corporation
- Clean Harbors, Inc.
- GFL Environmental Inc.
- Cleanaway
- Aqua America Inc.
- Hulsey Environmental Services
- Enva
- Environmental Recovery Corporation
- AB Environmental
- Other Key Players
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Presence of Major Water Treatment Plants to Foster Growth in North America
The market in North America stood at USD 19.75 billion in 2018 and is predicted to grow rapidly during the forecast period owing to the presence of various market players. The largest water treatment plants in the USA will influence positively to the growth in the region. For instance, Chicago & Boston has the wastewater treatment plant with capacity of 1.44 billion gallons per day and 1.27 billion gallons per day respectively.
Asia Pacific is likely to witness high growth during the forecast period owing to the growing population in the emerging economies such as China, India. The need for liquid waste treatment and recycling to cater to the clean water requirements will enable speedy growth of the market. According to the Central Pollution Control Board estimation, India’s water demand is expected to rise to 1.5 trillion cubic meters by 2030. Europe is predicted to exhibit a high growth rate in the foreseeable future. The rising government initiatives to curb water pollution will contribute positively to the liquid waste management market growth in the Europe.
Major Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Emerging Trends in Global Market
- Latest Technological Advancements
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
- Key developments: Acquisition, Collaboration, Strategic Partnership, and Joint Venture
- Global Liquid Waste Management Market Analysis, Insights and Forecast – By Source, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Source
- Residential
- Commercial
- Industrial
TOC Continued…!
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