Wastewater Treatment Industry Procurement Outlook
Wastewater treatment is a process to remove organic matter and other contaminants from wastewater. These treatments aim to make the wastewater clean and safe enough to discharge back into the environment without harming nearby residents or the local ecosystem. Cities and municipalities use wastewater treatment plants to clean sewage and storm water. Whereas, an industrial production facility has an on-site wastewater treatment plant to decontaminate its chemical-filled process water. They can also collaborate with nearby facilities for wastewater treatment. Following are the four major types of wastewater treatment:
- Sewage Treatment Plants (STPs)
- Effluent Treatment Plants (ETPs)
- Activated Sludge Plants (ASPs)
- Common and Combined Effluent Treatment Plants (CEPTs)
Wastewater Treatment Industry Demand Outlook
The global wastewater treatment market was valued at ~USD 260 billion in 2020 and it is expected to grow at a CAGR of 6.5% from 2020 to 2027. Rising demand for clean water due to rapid urbanization and industrialization, coupled with diminishing freshwater resources is expected to drive the global wastewater treatment market. North America generates the highest demand for wastewater treatment. It accounted for more the 35% of revenue share in the global wastewater treatment industry. Whereas, APAC is expected to witness the highest growth rate during the forecast period owing to large scale investments in China and India on developing sludge process based effluent treatment to improve water quality and sanitation services.
Wastewater Treatment Industry Cost Drivers
Fixed costs play a major role in determining the overall cost of wastewater treatment services. Land cost and installation cost are the two major fixed costs. Installation costs can be categorized based on the function of machinery and equipment. The reactor cost accounted for ~40% of the overall cost of installation followed by filter installation cost. Variable costs include labor and maintenance costs. It accounted for less than 20% of the overall cost of wastewater treatment services.
Grab your copy, or request for a free sample of the “Wastewater Treatment Industry Procurement Intelligence Report, published by Grand View Research” for In-depth details regarding supplier ranking and selection, sourcing, and pricing criteria & strategies.
Add-on Services provided by Grand View Research Pipeline:
Should Cost Analysis – A should cost model is an all-important technique for deriving and forecasting the actual cost of a product/service over the forecasted period. It serves as a competitive edge for supplier negotiations by determining the actual price for the cost components. The outcome helps procurement leaders to understand detailed fact-based cost drivers for the category.
Rate Benchmarking – Every organization and its procurement team wants to negotiate the best deal while procuring a set of products or services. Rate benchmarking uses price/cost comparison of more than one set of products/services to analyze the most efficient combination that will help the procurement team to get the optimum rate.
Salary Benchmarking – Labor is one of the key cost components incurred while offering a product or service. Understanding the pricing structure of salary is important for organizations in selecting the appropriate supplier and to build a good negotiation strategy. It is also an important factor in determining whether the category under focus should be outsourced or built in-house.
Supplier Newsletter – It is cumbersome for any organization to continuously track the latest developments in their supplier landscape. Our newsletter service helps them remain updated, to avoid any supply chain disruption which they may face, and keep a track of the latest innovations from the suppliers. Outsourcing such activities help clients focus on their core offerings.
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain which helps in efficient procurement decisions.
Our services include (not limited to):
- Market Intelligence involving – market size and forecast, growth factors, and driving trends
- Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
- Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
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