Wastewater Recovery Systems Market size is set to surpass USD 92 billion by 2032, according to a new research report by Global Market Insights Inc.
The significant environmental effect of wastewater and the growing demand for freshwater is anticipated to proliferate the use of wastewater recovery systems. Based on the World Resources Institute, agriculture accounts for 70% of water withdrawals. With food production likely to witness a 69% rise by 2035, freshwater consumption will also grow. These factors will boost the demand for clean water extraction from industrial effluent for irrigation and other alternative applications. Population growth and urbanization have also led to the escalation of water scarcity issues, further augmenting the deployment of wastewater treatment and resource recovery technologies.
Operational sustainability & efficiency to foster usage of granular media filters for wastewater treatment
Wastewater recovery systems market from the media filtration technology segment is slated to register more than 9% CAGR through 2032, considering its emergence as an alternative to activated charcoal. The filter media of the granular media filtration technique, utilized for aqueous waste stream treatment, comprises anthracite and other granular particles. These particles have adsorptive characteristics and thus, can be beneficial in biological and chemical contaminant removal. Other key attributes such as operational sustainability and the capability to allow safe industrial wastewater discharge or recycling will also strengthen the production of granular media filters.
Increased federal resource delivery for metal mining will spur wastewater recovery system installation
Wastewater recovery systems market from the metal mining application will depict over 10% growth rate between 2023 and 2032, given the high emphasis on electric vehicle battery production. For instance, in March 2022, the U.S. Government announced the supply of more federal resources for mineral and metal mining to address EV battery demand. With metal mining gaining rapid momentum over the years, environmental pollution risk due to effluent discharge is also expected to increase. The report states that the shifting trend toward zero liquid discharge will thus fuel the use of wastewater reuse systems for effective mineral extraction from mine drainage water.
Browse key industry insights spread across 220 pages with 309 market data tables & 25 figures & charts from the report, “Wastewater Recovery Systems Market Size By Technology (Activated carbon, Ultra-filtration & Reverse Osmosis, Membrane Filtration, Ion Exchange Resin Systems, Media Filtration), By Application (Pharmaceuticals, Oil & Gas, Metal Mining, Chemicals, Food & Beverages), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2023– 2032”, in detail along with the table of contents:
Stringent water security policies may bolster wastewater recovery system demand in North America
North America wastewater recovery systems market is projected to exhibit nearly 9% gains through 2032, driven by the introduction of strict norms for effluent discharge from varied industries. The report reveals that water security has become a foreign policy priority owing to severe water stress. In June 2022, the U.S. government announced a policy shift to elevate water security and reduce instability due to dwindling supplies. Furthermore, the aging wastewater treatment infrastructure and the declining water resources will stimulate the development of efficient wastewater recycling systems across the region.
Strategic acquisitions by major players will strengthen the industry outlook
Key participants operating in the global wastewater recovery systems market are Dynatec Systems, Inc., Clearas Water Recovery, Westlake Vinnolit GmbH & Co. KG, ENCON Evaporators, KÖRTE Környezettechnika Zrt., Pall Corporation, BioChem Technology, Mech-Chem Associates, Inc., Calgon Carbon Corporation, and Evoqua Water Technologies LLC. These companies are incorporating strategies such as mergers and acquisitions to bolster their presence in the industry.