ALBANY, New York, Sep 12, 2019 – Scarcity of water resources is triggering the need to shift focus to water reuse options. It has necessitated the need to explore newer and more advanced options of water reuse, which is likely to add impetus to the global zero liquid discharge market during the assessment period, 2018 to 2026. Zero liquid discharge is quickly emerging as an effective method to minimize wastage of water and reclaim water resources.
Kelvin Water Technologies Pvt. Ltd., GEA Group Aktiengesellschaft, Austro Chemicals & Bio Technologies Pvt Ltd, Aquatech International LLC, Bionics Advanced Filtration Systems (P) Ltd., and Transparent Energy System Private Ltd. are few of the names to reckon with in the global zero liquid discharge market.
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To shed light on this high growth zero liquid discharge market, Transparency market research takes advantage of historical data and utilizes necessary research methodologies. It records every information that influences the global zero liquid discharge market at a both micro and macro levels. Analysts at TMR prophesize that the market would clock remarkable growth rate of 12% CAGR during the assessment period, from 2018 to 2026. The global zero liquid discharge market will reach value worth US$ 1,820.17 mn through 2026.
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North America is Likely to Lead the Market due to Availability of Substantial Amount of Capital
Middle East and Africa, Asia Pacific, Latin America, North America, and Europe are the principal segments that have been analyzed to offer a deep insight into the regional dynamics at play in the global zero liquid discharge market.
North America is likely to emerge as a prominent region in the global zero liquid discharge market and is likely to continue with the regional dominance throughout the period of review. The market is also fuelled by the strict regulations as laid down by various governments to control the quality of water. It is a capital-intensive method; therefore, availability of substantial capital for investment in water reuse purposes is likely to amplify expansion of the zero liquid discharge market in North America. North America is followed by Europe, where zero liquid discharge is increasingly adopted by various end-use industries like textile and food and beverages.
Asia Pacific is estimated to emerge as a rapidly growing region in the global zero liquid discharge market will account for a large chunk of the market. Rapidly increasing demand from various end-use industries like chemicals & petrochemicals and energy and power in the region will fuel the market in the region. Furthermore, strict regulations imposed on the industries to ensure proper disposal of wastewater in countries like India and China offer favorable environment for the growth of the zero liquid discharge market in Asia Pacific.
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Stringent Government Regulations Mandating Wastewater Treatment Spell Growth
Industries today face scarcity of freshwater and it hampers industrial processes at various levels. The rising level of industrial wastewater has become a major concern for the environment activists. Rapid industrialization in countries like China and India are leading to encroachment of fresh water bodies. Additionally, increased industrial wastewater poses threat to water security and the environment as a whole. To address this issue of dearth of freshwater for industrial uses, more industries are now making use of wastewater recycling and recovery procedures. In this regard, zero liquid discharge method is utilized to mitigate potential impacts of toxic water through proper treatment.
In addition to water treatment, zero-liquid discharge optimizes efficient use of water, thereby maintaining a balance between freshwater utilization and preventing environmental pollution. Rapid expansion in the global population is likely to exert positive influence on the global zero liquid discharge markets during the assessment period.
Strict protocols are laid down by several regional authorities, which is forcing many industrial units to install liquid discharge units. These installations would purify the industrial wastewater and render it fit for reuse in the industrial purposes. Additionally, treatment of wastewater will eliminate the chances of water-borne diseases. Government guidelines pertaining to the disposal of wastewater is likely to offer copious growth opportunities for the global zero liquid discharge markets during the review period.
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On the other hand, zero liquid discharge units make substantial use of power, which act as a deterrent for its adoption. Efforts are underway to make use of less energy intensive technology to run zero liquid discharge set ups, which is expected to fuel market expansion.
The information shared in this review is based on a TMR report, bearing the title, “Zero liquid discharge market (End-user – Energy & Power, Food & Beverages, Chemicals & Petrochemicals, Textile, and Pharmaceuticals) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018 – 2026.”
The global zero liquid discharge market is segmented based on:
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