Press release
Sludge Dewatering Equipment Market to grow at 4% CAGR from 2016 to 2024
Fractovia.Org
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Sludge dewatering equipment finds diverse applications across municipal and industrial sectors. Sludge dewatering equipment market revenue in the industrial sector is forecast to attain USD 2 billion by 2024, driven by rise in the number of factories contributing toward the accumulation of heaps of sludge waste. Municipal applications are projected to record a CAGR of 4% over the coming period of 2016 to 2024. Stringent guidelines to annihilate household wastes plus global consciousness towards recycling of sludge wastes will favor the industry landscape.
Taking into consideration the geographical trends, North America sludge dewatering equipment market will observe an annual growth of 3% over the coming timeframe. Incessant efforts to check environmental pollution and strict guidelines related to inappropriate waste disposal will favor the business space. U.S. America sludge dewatering equipment industry, worth USD 1 billion in 2015, is expected to record enormous gains in the years ahead. The U.S. Solid Waste Disposable Act introduced in 1965 has restricted ocean dumping, heap dumping, and garbage dumping in order to curb environmental damage, which will further fuel regional growth.
Europe industry is projected to witness an enormous growth, with Germany sludge dewatering equipment market likely to record a CAGR of 4% over coming timeline. Growing concerns regarding the hazardous effects of sludge on the environment as well human health will push the regional revenue.
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China sludge dewatering equipment industry is projected to grow at a rate of 7% over the coming seven years and will drive APAC industry growth. Implementation of strict legislations such as Prevention and Control of Environmental Pollution by Solid Wastes is likely to impel the industry growth across the region.
South Africa sludge dewatering equipment market size is anticipated to register significant gains of 6% over the coming years, driven by execution of several legislations restricting the disposal of industrial as well as municipal wastes to protect the environment.
Key industry participants include Palmetto Water Solutions, Aqseptence Group, Veolia Environnement S.A., J.M. Huber Corporation, Alfa Laval Company, Dewaco Limited, Andritz AG.
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