Press release
Zero Liquid Discharge System Market to Cross value of US$ 1.64 Bn by 2031
Zero Liquid Discharge System Market 2022
The global zero liquid discharge system market was valued at over US$ 695.8 Mn in 2022. Sales of zero liquid discharge are projected to surge at 8.2% CAGR and be valued at over US$ 1.64 Bn by 2031. Strategic collaborations with regional distributors to expand business footprint, product customization, and establishment of robust aftersales service modules are key market trends.
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Constant demand from heavy end-use industries is driving market growth on a global scale. The fact that there is a zero liquid discharge system design that is suitable for almost any application involving wastewater makes aids constant market expansion.
However, demand for zero liquid discharge plunged in 2020 due to the COVID-19 pandemic, as manufacturers faced supply chain constraints. Moreover, manufacturing facilities put their production on hold in order, adhering to government regulations. Not just 2020, but 2021 is also expected to be affected by numerous factors like socio-political changes happening worldwide.
Nevertheless, there are numerous developments taking place across the landscape:
For instance, in August 2021, WABAG expanded its global footprint with a technologically advanced oil & gas order worth US$ 165 Mn at Amur Gas Chemical Complex LLC., ('AGCC') in Russia. The facility will have a concentrate evaporator unit to maintain ZLD.
Key Companies-
• Veolia
• SUEZ
• Alfa Laval AB
• Andritz Group
• GEA Group
• Ion Exchange (India) Ltd.
• VA Tech Webag
• Doosan Water
• Aquatech International LLC
• U.S. Water Services Inc.
• Aquarion AG
• IDE Water Tecchnologies Ltd.
• Thermax Global
• Multotec Group
• ENCON Evaporators
• Oasys Water, Inc.
• SafBon Water Technology
• 3V Green Eagle S.p.A
• Condorchem Envitech
• Cannon S.P.A.
Complete Report Details@https://www.persistencemarketresearch.com/market-research/zero-liquid-discharge-market.asp
Key Takeaways from Market Study
• Persistence Market Research predicts healthy industrial sector growth rate in economies such as Brazil, India, the Middle East, and Africa, where demand for ZLD will be decent.
• Chemicals & petrochemicals estimated to account around 16% market share.
• Power generation will be another prominent application of zero liquid discharge systems.
• The global zero liquid discharge market witnessed a slump in 2020 due to the COVID-19 pandemic, with a recorded growth of -0.5%.
• The market in GCC Countries is projected to expand at a CAGR around 8%, while that in ASEAN at close to 11%, through 2031.
• The market in India is set to surge at greater than 11% CAGR, while in the rest of South Asia & Pacific at around 12%, over the next ten years.
"The market may see some more downturns in 2021 as well, owing to reduced cash collection in 2020, but after a few quarters thereafter, the scenario will be better. With depleting freshwater resources and long-term overhead reduction in resource utilization and effluent treatment systems, ZLD is expected to be a viable option for existing treatment facilities as well as for new unit installations in respective end-use industries," says a Persistence Market Research Analyst.
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Key Questions Answered in the Zero Liquid Discharge System Market Report -
• How much is the global zero liquid discharge market valued at currently?
• At what CAGR did demand for ZLD increase over the past 5 years?
• What will be the demand outlook for zero liquid discharge through 2031?
• What are the key trends being witnessed in this marketplace?
• What is the market share of the top 5 suppliers of zero liquid discharge systems?
• At what rate is the market registering growth in Europe?
• Which countries are key producers of ZLD systems?
• Which nations are key exporters of zero liquid discharge systems?
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