Significantly Increasing Wastewater Volume to Shape Market Growth
Over the past decade, availability of fresh water has declined considerably across the world. In addition, water pollution has increased considerably. Growing industrialization has, in turn, resulted in significant increase in volume of wastewater generated, especially, from energy & power generation, as well as municipal water and effluent treatment plants. Unlike some of the developed countries such as Canada, the U.S., and European countries, substantial share of the total wastewater generated from several industries in developing countries is discharged untreated into public water sources. However, stringent regulations pertaining to such practices are anticipated to result in the development of several new water treatment facilities across developing countries.
Stringent Environmental Regulations to Push Demand for Zero Liquid Discharge Systems
Various regulations have been formulated and implemented by concerned environmental agencies and government authorities aimed at conservation of water and prevention of water pollution. Agencies such as Environmental Protection Agency U.S., India Water Works Association, and European Water Association, along with government bodies, are actively involved in setting regulations governing water discharge and reuse. Efforts toward treatment and conservation of water are estimated to push the demand for zero liquid discharge systems across the globe over the assessment period.
Demand from Power Generation Industry to Bolster Market Growth
With rising urbanization, there has been a substantial increase in demand for power. Power generation is projected to witness robust growth during the forecast period. Coal and natural gas fired power plants are expected to contribute a significant share to the overall power generation over the forecast period. Increasing environmental regulations directed toward wastewater discharged from such power plants are expected to drive the growth of the global zero liquid discharge market during the forecast period.
Growing Application of Zero Liquid Discharge Technologies in Desalination
Zero liquid discharge (ZLD) technologies find application in desalination of sea water for obtaining usable water as well. In applications of zero liquid discharge (ZLD) for desalination, clean water is produced with zero discharge of liquid waste from the process. However, currently, ZLD desalination techniques are used primarily to treat industrial waste streams and power plant cooling water. Established technologies for ZLD are thermal desalination and evaporation ponds.
What Is Driving Market Competition?
The global zero liquid discharge market is estimated to be highly consolidated and competition centers around enhanced market positioning in the water treatment technology space. Leading market players account for around half of the market share and to gain a competitive advantage, they continue to capitalize on strategic acquisitions. For instance, in September 2017, Suez acquired GE Water & Process Technologies, in order to cover the entire value chain of the water resource management and broaden access to industrial clients.
The global zero liquid discharge market is expected to reach US$ 2 Billion by the end of 2029, progressing at a robust CAGR during 2019 - 2029. Asia Pacific and North America make up for remarkable demand growth in the global market. Our analysis concludes that a significant demand from the power generation industry will dominate the global zero liquid discharge market during the forecast period.
Zero Liquid Discharge Market - Scope of Report
Persistence Market Research (PMR) recently published a study report on the global zero liquid discharge market. The report provides detailed valuation on key market dynamics such as drivers, trends, opportunities, and restraints, along with detailed information about the zero liquid discharge market structure. This market research report presents exclusive facts and figures about how the zero liquid discharge market will grow over the forecast period.
Key indicators of market growth, such as value chain analysis and supply chain, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market are explained in PMR’s study in a comprehensive manner. This information can help readers understand the quantitative development projections of the zero liquid discharge market over the forecast period.
The study is relevant for stakeholders in the zero liquid discharge market, as well as manufacturers, distributors, suppliers, and investors, as it can help them understand applicable strategies to grow in the zero liquid discharge market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the zero liquid discharge market can leverage the information and statistics presented in PMR’s research report.
The report includes facts & figures related to the macro as well as microeconomic factors that are impacting the growth of the zero liquid discharge market. The study also offers actionable insights based on the trends in the zero liquid discharge market. Furthermore, regional players and new entrants in the zero liquid discharge market can also use the information presented in this report to make business decisions and gain momentum in the market.
Key Segments of Zero Liquid Discharge Market
PMR’s study on the zero liquid discharge market is divided into four significant segments- system type, application, and region. This report offers comprehensive data and information about important market dynamics and growth parameters related to these categories.
Key Questions Answered in PMR’s Zero Liquid Discharge Market Report
Zero Liquid Discharge Market: Research Methodology
In PMR’s research report, exclusive research methodology is utilized to conduct comprehensive research on the development of the zero liquid discharge market and reach conclusions on the future growth factors of the market. In this research methodology, secondary and primary research is utilized by assistant analysts to ensure precision and reliability of the conclusions.
Secondary resources are referred by analysts during the evaluation of the zero liquid discharge market study, which comprise of the facts and figures from World Bank, OEM websites, government websites, white papers, trade journals, and external and internal databases. Analysts have thoroughly interviewed several industry experts, such as sales supervisors, sales operation managers, product portfolio managers, senior managers, market intelligence managers, marketing/product managers, and production managers to provide insightful information.
Comprehensive information acquired from primary resources and secondary resources is validated from companies operating in the zero liquid discharge market to make PMR’s projection on growth prospects of the market more accurate and reliable.