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Wastewater Recovery Systems Market size valued at USD 40.7 billion in 2023 and is projected to depict over 9.6% CAGR between 2024 and 2032. This is a result of the imposition of stringent regulations pertaining to adequate and required waste discharge from industrial facilities.
Low humidity and high evaporation from surfaces are the common outcomes of global warming. The increasing temperature and evaporation rates, along with the rising population, have exacerbated freshwater scarcity in commercial, industrial, agricultural, and residential applications. Industrial wastewater is therefore emerging as a viable source of reusable water and other valuable resources. With the introduction of strict regulations to ensure adequate discharge of wastes, the demand for wastewater recycling systems is expected to grow, especially for industrial applications.
Report Attribute | Details |
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Base Year: | 2023 |
Wastewater Recovery Systems Market Size in 2023: | USD 40.7 Billion |
Forecast Period: | 2024 - 2032 |
Forecast Period 2024 - 2032 CAGR: | 9.6 % |
2032 Value Projection: | USD 92.7 Billion |
Historical Data for: | 2019 - 2023 |
No. of Pages: | 220 |
Tables, Charts & Figures: | 334 |
Segments covered: | Technology, Application |
Growth Drivers: | |
Pitfalls & Challenges: |
For instance, in October 2022, EurEau announced the legislative proposal of the UWWTD (Urban Wastewater Treatment Directive) in Europe, encouraging the wastewater sector to continue water treatment. Such initiatives, alongside the strong focus on strengthening the global agenda on water source management, will escalate the use of equipment to boost resource recovery from wastewater. However, high capital investment and the lack of technical expertise may pose challenges to the R&D, demonstration, and deployment of varied wastewater recovery technologies, in turn, hindering the industry progress to some extent.