October 08, 2021
According to the research report titled ‘Global Wastewater Recovery Systems Market Size Study by Technology (Activated carbon, Ultra-filtration & Reverse Osmosis, Membrane Filtration, Ion Exchange Resin Systems, Media Filtration), By Application (Pharmaceuticals, Oil & Gas, Metal Mining, Chemicals, Food & Beverages), and Regional Forecasts 2021-2027.’, available with MarketStudyReport, global wastewater recovery systems market was assessed at USD 27.21 billion in 2020 and is anticipated to be worth USD 46.63 billion by 2027, expanding at 8% CAGR through 2021-2027.
Increasing environmental awareness & regulations, coupled with widespread adoption of reduce-recycle-reuse approach are the key growth stimulants for global wastewater recovery systems market. Implementation of various new programs & initiatives for zero liquid discharge will aid revenue inflow as well.
Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/4219764/
For the unversed, wastewater recovery is the extraction of clean water from effluents and industrial wastewater. The reclaimed water can be reused and recycled in plants for procedures including boiler blowdown and cooling tower. Alternatively, it can also be used for irrigation purposes.
As per the UN World Water Report 2021, approximately 80% of wastewater worldwide is released into the environment without proper treatment. Moreover, 44% of the wastewater collected from households is not safely treated.
While growing prospects for wastewater treatment and reuse in industrial and other sectors will aid industry growth, high initial investment costs will act as a challenge for businesses in this domain.
Based on technology type, worldwide wastewater recovery systems industry is arrayed into activated carbon, membrane filtration, ultra-filtration & reverse osmosis, ion exchange resin systems, and media filtration. Speaking of application scope, the business sphere is split into oil & gas, pharmaceuticals, metal mining, food & beverages, and chemicals.
From a regional frame of reference, North America held a major market share in the recent past, owing to stringent water discharge criteria & government policies among end-use industries. Meanwhile, Europe market is projected to expand rapidly between 2021-2027 due to development of advanced technologies, and innovative products.
Leading players shaping global wastewater recovery systems market dynamics are Veolia Environment S.A., Koch Membrane Systems Inc., SUEZ Group, Siemens Water Technologies Corporation, Kontek Ecology Systems Inc. CLEARAS Water Recovery Inc., Evoqua Water Technologies LLC, Vinnolit GmbH & Co KG, Mech-Chem Associates Inc., and ClearBlu Environmental LLC.