Press release
Zero Liquid Discharge Systems Market Size, Latest Trends, Growth Rate, Key Drivers And Forecast To 2033
Zero Liquid Discharge Systems Market Overview
The Business Research Company presents an extensive market research report on the Zero Liquid Discharge Systems Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The zero liquid discharge systems market size has grown strongly in recent years. It will grow from $6.01 billion in 2023 to $6.58 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to stringent environmental regulations, industrial water scarcity concerns, rising costs of water disposal, waste minimization and resource recovery, growing awareness of environmental impact, industry-specific compliance, government incentives and subsidies..
The zero liquid discharge systems market size is expected to see strong growth in the next few years. It will grow to $9.3 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to growing popularity in emerging economies, integration with smart water management, increasing focus on energy efficiency, demand from power generation industry, expanding chemical and petrochemical sectors, global efforts for sustainable development.. Major trends in the forecast period include growing focus on water conservation, expanding applications in various industries, integration of advanced technologies, focus on resource recovery, increasing investments in industrial water treatment, public-private partnerships..
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Key Market Players:
Major companies operating in the zero liquid discharge systems market report are Alfa Laval AB, Aquatech International LLC, ENCON Evaporators, GEA Group, Oasys Water Inc., Veolia Water Technologies, Suez SA, Condorchem Envitech, Evoqua Water Technologies LLC, Aquarion AG, IDE Technologies Ltd., Thermax Global, GE Water & Process Technologies, 3v Green Eagle SpA, Doosan Hydro Technology, Praj Industries Limited, Andritz AG, H2O GmbH, SafBon Water Technology (Shanghai) Co. Ltd., Ion Exchange India Ltd., Toshiba Infrastructure Systems & Solutions Corporation, Petro Sep Corporation, Fluence Corporation Limited, Ion Exchange (India) Ltd., Kurita Water Industries Ltd., Arvind Envisol Limited, Hydro Air Research Italia S.r.l., Samco Technologies Inc., Lenntech B.V., Saltworks Technologies Inc.
Market Drivers:
The growth in urbanization is expected to propel the growth of the zero liquid discharge systems market going forward. Urbanization refers to the mass movement of populations from rural areas to urban areas. Urbanization favors the demand for zero liquid discharge systems due to the increasing need for energy and water. For example, according to a report released in June 2021 by the World Bank, a US-based financial institution, approximately 55% of people on the planet now reside in urban areas. This number is expected to exceed two-thirds of the world's population by 2050, with South Asia and Sub-Saharan Africa accounting for the majority of the new urbanization. Therefore, growth in urbanization is driving the growth of zero liquid discharge systems market.
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https://www.thebusinessresearchcompany.com/report/zero-liquid-discharge-systems-global-market-report
The zero liquid discharge systems market covered in this report is segmented -
1) By System: Conventional ZLD systems, Hybrid ZLD systems
2) By Process: Pretreatment, Filteration, Evaporation
3) By Technology: Thermal based, Membrane based
4) By Application: Power generation, Oil & Gas, Chemicals & Petrochemicals, Mining and metallurgy, Pharmaceuticals, Other Applications (Food)
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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