The global industrial wastewater treatment market, valued at around $89 billion in 2018, is anticipated to expand at a compound annual growth rate (CAGR) of more than 5% between 2019 and 2027, according to a report from Transparency Market Research.
The power end-use industry segment accounted for a prominent share of the global industrial wastewater treatment market in 2018. This led to an increase in the adoption of industrial wastewater treatment in the power industry in 2018.
The Asia Pacific industrial wastewater treatment market is anticipated to be one of the high-growth regions of the global industrial wastewater treatment market, led by the rise in scarcity of freshwater sources and increase in water pollution.
Rise in water pollution has resulted in a decline in the availability of freshwater for drinking and other human consumption purposes. Increasing scarcity of freshwater sources, rise in pollution, and industrialization have led to a water crisis across the globe, especially in developing and under-developed nations. Wastewater treatment and reuse of recycled water in industries can lower the pressure on existing freshwater sources from industrial applications. This can boost the availability of water for other purposes.
Increase in awareness about the environment and rising water scarcity have compelled authorities to implement stringent rules and regulations regarding industrial wastewater treatment across the globe. Countries are compelling industries to focus on wastewater treatment and recycling to reduce the burden on water sources.
Regulatory authorities are now making it essential for industries to opt for zero liquid discharge (ZLD) in order to recover 95% to 99% of water from waste streams, and reuse the water for industrial applications. The implementation of new technologies such as Forward Osmosis (FO) membranes and electro-separation systems in the field of ZLD presents new opportunities for the industrial wastewater treatment.
In terms of application, in the industrial wastewater treatment market, the boiler feed water segment constituted a prominent share of the global industrial wastewater treatment market in 2018. Boilers find application in almost every industry, either for power generation or steam generation, or for both. However, the cooling towers segment is anticipated to expand at a rapid pace during the forecast period.
The power end-use industry segment dominated the global industrial wastewater treatment market in 2018. However, the paper & pulp segment is estimated to expand at a rapid pace during the forecast period. The paper & pulp industry consumes large quantities of water. It also generates vast quantities of wastewater. Water is a major raw material in the pulp & paper industry; therefore, treating wastewater and reusing it can significantly lower the dependency of the industry on other sources of water.
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