Wastewater Recovery System Market Share, Trend, Regional Outlook & Forecast, 2017 – 2024
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Stringent government regulations on industrial and municipal wastewater discharge will drive the global wastewater recovery system market. It is forcing industries to pour more investment in treatment of wastewater boosting a market in a great way. In the U.S., Clean Water Act (CWA) was formed to regulate discharges of pollutants into the waters and to regulate quality standards for surface water. Increasing potable water scarcity worldwide will positively encourage the growth of wastewater recovery system market. Around 67 % of world's population possibly be living under water strained conditions and 1.8 billion people will be living in countries with complete water scarcity by 2025.
Availability of various effective methods of water recycling and recovery is letting companies to easily grab this trend and it will augment the wastewater recovery system market. The Boost in R & D is further complementing the positive business outlook. A Spanish Research & development institutes is preparing H2020CIRC-2(b)-2016-2017 proposal, it aims to implement advanced technologies for industrial wastewater streams. High installation and operational cost of the water treatment plant may hamper the wastewater recovery system market.
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Based on end-use wastewater recovery system market is segmented in industries including food & beverages, pharmaceuticals, oil & gas, metal mining, and chemicals. Food & beverages industry is dominating the market owing to increase in wastewater disposal surcharge, and desire for a smaller carbon footprints motivating them to invest in on-site wastewater treatment system. Chemical industry is going to witness significant growth subject to various guidelines and standards formed by government of different countries with which it trades.
The U.S. wastewater recovery system market anticipated to witness substantial growth. The growth attributed to the strict environmental regulations initiatives on industrial emissions by the government. The U.S. environmental protection agency announced the Organic Chemicals, Plastics and Synthetic Fibers (OCPSF) effluent guidelines and standards provisions applicable to process wastewater discharges from more than 1,000 chemical facilities.
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The Europe wastewater recovery system market is anticipated to witness significant growth owing to introduction of various norms and directives. It is to attain high level protection of an environment by reducing harmful industrial emissions across the EU through Best Available Techniques (BAT). In 2010, the European Union has developed 2010/75/EU directive on industrial emissions with an aim to regulate pollutant emissions from industrial installations.
Key players in the wastewater recovery system market includes Calgon Carbon, GE Water & Process, Siemens Water Technologies, and Koch Membrane Systems, and Pall.
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