The global biological wastewater treatment market registered a revenue of nearly $7,600.0 million in 2018 and is anticipated to grow at a 5.9% CAGR, surpassing $11,963.1 million by 2026. The market has witnessed a significant growth previously, and due to the unexpected COVID-19 outbreak, the market will witness additional growth in 2020, owing to the rising demand for safe and clean water sources. This growth will be majorly driven by scarcity of water as well as increasing need for efficient and advanced technologies for treating with the wastewater discharged by industries and municipalities.
Due to the pandemic of COVID-19, the supply chain of water sector has been completely disrupted, and businesses and lives are adversely getting affected worldwide. But biological wastewater treatment is gaining popularity among industries in this scenario and biological wastewater treatment systems are being used worldwide because of being more economical and effective over several other processes such as mechanical, chemical and others. The main reason of increasing demand for biological wastewater treatment is the necessity to provide an effective approach for proper disposal of industrial water. Biological wastewater treatment companies are growing nowadays, for the importance to protect their own people & safeguard the supply chain. Our analysts have estimated the condition of the biological wastewater treatment market during the COVID-19 outbreak and have come to the following conclusions.
|Realtime BPS||*Estimate market Size, 2020,
|**Real Time market Size, 2020,
|5.4%||5.9%||50||USD 8,401.8 Million||USD 8,525.3 Million|
* The numbers are estimated prior to the COVID-19 Pandemic in 2020
** The data will vary depending on upcoming developments announced by the operating players
KEY ASPECTS OF THE INDUSTRY
BOOMERS AND DECLINERS
Biological wastewater treatment is a kind of technology which is used for cleaning the water or, making the wastewater reusable. It uses protozoa, bacteria, and various other microorganisms in order to clean the water. Owing to rising population coupled with rapid growing industrialisation, there is a dire need to address the problem for the scarcity of water. This scarcity is increasing due to increase in individual consumption of water along with rising water pollution. A growing number of industry verticals produce lot of wastewater. It is mandatory for a certain class of wastewater to be treated before discharged. Hence, all these factors are positively impacting the adoption of biological systems for the treatment of wastewater, across the globe.
The biological wastewater treatment systems contain multiple components and various operational procedures. The components associated with these procedures are complex, which is significantly impacting the installation and maintenance cost of biological waste water systems treatment components. This factor is majorly restraining the growth of the market. Furthermore, wastewater treatment systems consist economic as well as environmental costs integrated with their construction and operations. These costs are different from location to location because of custom requirements for specific conditions. Therefore, it is the biggest challenge for industries to identify the most appropriate treatment system according to the location. To overcome from this challenge, industries must have good understanding of treatment systems and performances delivered.
The COVID-19 pandemic has shown a positive impact on the biological wastewater treatment system market. Firstly, as per the World Health Organization counsels, the water supplies must be kept safe, because the chances of transmission of coronavirus can easily grow through sewage water. This factor is significantly driving the adoption of biological wastewater treatment systems and will impel the market growth during the COVID-19 outbreak.
Many government bodies and non-profit organizations across the world are taking initiatives in order to create awareness about water safety and security during this outbreak. For instance, more than 2500 companies are aligned with water quality association in the U.S. to ensure about good quality of water supply to dialysis centres, homes, residential and commercial sectors. Moreover, in many countries such as Bahrain, the government has taken initiatives to cover up the cost of water bills and provide safety to their utilities against any shortfall in revenue due to this crisis.
MANAGING SUCCESS AMIDST
THE PANDEMIC STRESS
The global biological wastewater treatment system market will witness significant growth in 2020 and is anticipated to follow the trend until the end of the forecast period. The rapid growth is majorly attributed to scarcity of water and rising need for wastewater treatment technologies across the globe during this pandemic. This market is expected to retain its growth even after the control of the pandemic. Moreover, manufacturers are significantly making continuous improvements in wastewater treatment technologies to develop enhanced safety, fast, and efficient production results. Thus, government is taking full initiative by providing funds and making stringent regulations for industries, which can improve industrial processes in terms of wastewater management.
Furthermore, along with the all the initiatives taken by government there will be a rise in the implementation of nanotechnology in the biological wastewater systems to manufacture permeable membranes for purification purposes due to shortage of water especially in high populace economies. This aspect will drive the growth of the market. For instance, in 2019, a research study by some scientists found that nanotechnology-based biological membranes are exhibiting higher water penetrability due to desirable characteristics including better salt rejection, excellent thermal & chemical resistance, and pore structure. Thus, all these factors are likely to be responsible for providing lucrative opportunities to the biological wastewater treatment system market to grow in the coming years.
How can we help you?
Our group of skilled analysts provide a solution to help the companies to survive and sustain in this global pandemic. We support companies to make informed decisions based on our findings resulting from the comprehensive study by our qualified team of experts. Our study helps to acquire the following:
- Long-Term and Short-Term impact of Covid-19 on the market
- Cascading impact of Covid-19 on Biological Wastewater Treatment Market , due to the impact on its extended ecosysytem
- Understanding the market behavior Pre- and Post-Covid-19 pandemic
- Startegy suggestions to overcome the nagative impact or turn the positive impact into the opportunity