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Zero Liquid Discharge System Market to be valued at over US$ 1.64 Bn by 2031|Key Players- Veolia, SUEZ and more
Zero Liquid Discharge System Market Forecast to 2031
The global zero liquid discharge System market was valued at over US$ 695.8 Mn in 2020. Sales of zero liquid discharge systems 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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The Zero Liquid Discharge System Market is a rapidly growing market that is driven by the increasing demand for sustainable water management solutions. Zero liquid discharge (ZLD) systems are used to treat wastewater and other industrial effluents to the point where they contain no liquid content. This allows the treated water to be safely disposed of without causing environmental damage.
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. and more
One of the key drivers of the Zero Liquid Discharge System Market is the increasing awareness about the importance of sustainable water management. As the global population continues to grow and urbanization continues to increase, the demand for water is also growing. This, combined with the fact that many areas are experiencing water scarcity and drought, has led to a greater focus on conserving and protecting water resources. ZLD systems can help address these challenges by providing a sustainable solution for wastewater treatment and disposal.
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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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Another key driver of the Zero Liquid Discharge System Market is the growing demand for industrial wastewater treatment. As industrial processes continue to expand, the amount of wastewater generated by these processes is also increasing. ZLD systems can help industrial facilities comply with strict wastewater discharge regulations and reduce their environmental impact.
In terms of market segmentation, the Zero Liquid Discharge System Market can be divided into different types of systems, such as thermal evaporation, crystallization, and membrane filtration. Thermal evaporation systems use heat to evaporate the water from the wastewater, while crystallization systems use chemicals to precipitate the dissolved solids in the wastewater. Membrane filtration systems use a membrane to remove the dissolved solids from the wastewater.
Overall, the Zero Liquid Discharge System Market is a dynamic and rapidly growing market that is driven by the increasing demand for sustainable water management solutions and the growing need for industrial wastewater treatment. As the global population continues to grow and urbanization continues to increase, the demand for ZLD systems is expected to continue to rise in the coming years.
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