Wastewater Recovery Systems Market is thriving Worldwide 2017 – 2024 | Pall Corporation, Evoqua Water Technologies, Pall Corporation, SUEZ, Veolia, Calgon Carbon Corporation
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Global Wastewater Recovery Systems Market set to beat USD 50 Billion by 2024. Growing initiatives toward minimizing the ecological impact of waste coupled with the introduction of stringent waste generation and discharge standards will augment the wastewater recovery systems market. Growing measures to counter the declining water resources will complement the industry landscape.
Shifting global trends toward circular economy and sustainable development will play a pivotal role in the expansion of the wastewater recovery systems market. Ability to recover usable water, energy, and material from wastewater can allow businesses to enhance their competitive capacity and environmental performance. The gradual implementation of the EU Circular Economy Strategy will further support the industry outlook.
The U.S. wastewater recovery systems market is anticipated to expand over 7 % by 2024. Increasing stringency of wastewater regulations along with rigorous implementation of effluent discharge standards will propel the industry growth. For instance, the EPA Clean Water Act prohibits the discharge of a pollutant into the U.S. waters without a National Pollutant Discharge Elimination System (NPDES) permit.
Europe wastewater recovery systems market is anticipated to witness a growth of over 6 % by 2024. The industry expansion is characterized by rigorous implementation of environmental & wastewater regulations along with escalating focus toward green industrial ecology. For instance, the EU Water Framework Directive outlines the ‘3R’s’ approach of reduce, recycle, and reuse, in addition to the precautionary and polluter pays principles.
Sizeable investments across food processing plants along with growing consumer inclination toward processed food will stimulate the deployment of these systems across food & beverages industry. Tightening operational regulations and rising compliance costs will further favor the industry growth.
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The regional industry is further expected to gain momentum with increasing funding toward wastewater treatment facilities. Reports moreover reveal that the region is also witnessing participation of renowned organizations including the like of the Water Environment Research Foundation that is intending to bring wastewater treatment technologies to commercial fruition. As per reliable reports, as of 2008, US approximately held 19,739 wastewater pipe systems and 14,780 wastewater treatment facilities – a factor further validating the strong stance of the U.S. wastewater recovery systems industry in the global landscape.
Key industry players of Wastewater Recovery Systems Market include
• Pall Corporation
• Evoqua Water Technologies
• Calgon Carbon Corporation
• Koch Membrane Systems
• Kontek Process Water Management
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