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The oil and gas applications accounted for over 14% share of the wastewater recovery systems market in 2022. This growth is attributed to the growing environmental concerns associated with the release of hazardous constituents from oil and gas explorations to groundwater resources. In August 2022, BP announced a USD 500 million increase in oil & gas spending to conduct extensive projects for offshore and onshore natural gas production. These initiatives will promote oil and gas infrastructure expansion and, in turn, augment the adoption of wastewater reuse systems to remove suspended solids.
Wastewater recovery systems market value from the ultra-filtration and reverse osmosis technology segment surpassed more than USD 6 billion in 2022. This technology is highly effective in the filtration of endotoxin, solid bacteria, viruses, and other pathogen, thereby producing an increased level of clean water with low silt density. In the U.S., wastewater surveillance has become widely applicable across communities. As per statistics from the CDC, municipal wastewater collection systems serve over 80% of households in the country. These factors will further drive the implementation of cost-effective reverse osmosis technology for water treatment applications.
Asia Pacific wastewater recovery systems market size reached USD 11 billion in 2022, due to the favorable oil & gas sector outlook and the rising focus on the development of advanced sewage treatment systems. As per data from the Southeast Asia Infrastructure forum, in Singapore, recycled wastewater meets 40% of the water demand, and is set to surge to 55% by 2060. Moreover, the increased emphasis on mitigating emissions from industries including chemicals, cement, and food & beverages will also propel the usage of wastewater recovery systems across the region.