Stringent Environmental Regulations to Push Global Zero Liquid Discharge Systems Market till 2024
Implementation
of stringent environmental regulations and growing water scarcity to boost
global zero liquid discharge systems market through 2024
According to TechSci Research report, "Global Zero Liquid Discharge Systems Market By System, By Process, By
End-Use Industry, By Region, Competition, Forecast & Opportunities, 2024", zero liquid discharge systems market, globally, is forecast to grow
from $ 5.4 billion in 2018 to $ 8.2 billion by 2024, exhibiting a CAGR of 8.4% during
the forecast period. Major factors expected to drive the market are the
implementation of stringent environmental regulations and growing concerns regarding
the disposal of brine concentrates into water bodies.
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Among the system type categories, the
conventional ZLD systems segment is anticipated to lead the market during the
forecast period, on account of strict environmental regulations forcing small-to-large
companies to install zero liquid discharge systems to prevent environmental
pollution. The conventional ZLD systems have a standard process for the
treatment of effluents and sludge. Owing to their economical nature they have a
wide adoption.
During the forecast period, pretreatment
segment is expected to grow at the highest CAGR in global zero liquid discharge
systems market, backed by rising need to treat effluents for eliminating contaminants
present in wastewater before its further processing through zero liquid
discharge systems. This involves chemical and/or biological treatment of
effluents for further processing. The biological treatment method is majorly
chosen by end-use industries, including food & beverages, and
pharmaceuticals to treat effluents, whereas the chemical treatment method is
majorly adopted in industries such as energy & power, chemicals &
petrochemicals, and textiles.
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“North America dominated global zero
liquid discharge systems market in 2018 and is anticipated to maintain its
leading market position in coming years, backed by the employment of stringent environmental
regulations by countries such as the US and Canada. The region is witnessing a
high demand for zero liquid discharge systems from various end-use industries
such as energy & power, food & beverages, textiles, chemicals &
petrochemicals, pharmaceuticals, and semiconductors & electronics in the
region.”, said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Global Zero Liquid Discharge Systems Market By System, By Process, By
End-Use Industry, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth
potential of global zero liquid discharge systems market and provides
statistics and information on market structure, size, share and future growth.
The report is intended to provide cutting-edge market intelligence and help
decision makers to take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities present in global zero liquid discharge
systems market.
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