Vancouver, Nov. 21, 2023 (GLOBE NEWSWIRE) -- The global wastewater recovery systems market size was USD 37.28 Billion in 2022 and is expected to register a revenue CAGR of 9.1% during the forecast period. The market is primarily propelled by mounting health and environmental apprehensions globally, coupled with a heightened focus on sustainable practices in industries. The escalating challenges of water scarcity, exacerbated by increased industrialization and urbanization, further contribute to the market's upward trajectory.
Market Drivers
The surge in demand for water conservation, improved water management practices, and substantial investments from government and private entities in wastewater recovery infrastructure propel the market's revenue growth. Rising awareness of wastewater treatment and the need for recovery systems, particularly in the context of approximately 650 million individuals lacking access to clean drinking water sources, underpin the market's significance. The World Health Organization's alarming statistics, revealing the dire consequences of poor water quality, emphasize the critical role of wastewater recovery in mitigating health risks.
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Technological advancements, including filtration, reverse osmosis, and clarification, play a pivotal role in ensuring access to clean water. The reduction in membrane costs and enhanced operational efficiency contribute to the expansion of wastewater recovery systems. Governments and private industries investing in infrastructure development further bolster market growth, although high investment and maintenance costs remain significant challenges.
Market Segment Insights
Wastewater Recovery Systems Treatment Type: The membrane filtration segment dominates the market, driven by its effective separation functions at ambient temperatures. Reverse osmosis, with its ability to provide clean and hygienic water, is on the rise, supported by increased awareness and adoption of technologies like RO and ultrafiltration. Ion exchange resin systems are projected to experience the fastest revenue growth, with notable developments like DuPont's launch of the AmberLite P2X110 Ion Exchange Resin dedicated to green hydrogen production.
Wastewater Recovery Systems Application: The food and beverages segment leads in revenue share due to the industry's substantial water consumption, particularly in beverage production. The oil and gas segment is anticipated to register the fastest growth, responding to rising environmental concerns and the need to extract clean water from wastewater.
Wastewater Recovery Systems End-Use: Municipal applications account for the largest revenue share, driven by the high demand for water in agriculture and household purposes. The industrial segment is poised for rapid growth, fueled by stringent regulations and technological advancements like bioremediation and ozone treatment.
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Wastewater Recovery Systems Regional Insights:
The North American market claims the largest revenue share in 2022, led by high demand from the U.S. beverage and pharmaceutical industries. Developments in treatment technologies and a focus on water quality and public health contribute to the region's market dominance.
Asia Pacific is forecasted to exhibit the fastest revenue growth, attributed to factors such as urbanization, population increase, industrial expansion, and strict water usage regulations. Initiatives by governments in countries like China, India, and Japan to combat water pollution and provide clean water contribute to market expansion.
The European market is expected to hold a significant revenue share, driven by increasing awareness of waste disposal in water and economic growth. Initiatives like the Darrow project, focusing on AI to enhance wastewater treatment plant efficiency, underscore the region's commitment to sustainable practices.
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Wastewater Recovery Systems Report Summary
| Report Details | Outcome |
| Market size in 2022 | USD 37.28 Billion |
| CAGR (2023–2032) | 9.1% |
| Revenue forecast to 2032 | USD 88.45 Billion |
| Base year for estimation | 2022 |
| Historical data | 2019–2021 |
| Forecast period | 2023–2032 |
| Quantitative units | Revenue in USD Billion and CAGR in % from 2023 to 2032 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Treatment type, application, technology, end-use, and regions |
| Regional scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Country scope | U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Benelux, Russia, Rest of Europe, China, India, Japan, South Korea, ASEAN Countries, Oceania, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, South Africa, Turkey, Rest of MEA |
| Key companies profiled | Xylem, 3M, Calgon Carbon Corporation, Aquatech International LLC, Veolia, DuPont, Kurita Water Industries Ltd., Siemens, General Electric, and Moog, Inc |
| Customization scope | 10 hours of free customization and expert consultation |
Wastewater Recovery Systems Top Companies and Competitive Landscape
The global wastewater recovery systems market is fairly fragmented with many large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective wastewater recovery systems. Some major players included in the global wastewater recovery systems market report are:
- Xylem
- 3M
- Calgon Carbon Corporation
- Aquatech International LLC
- Veolia
- DuPont
- Kurita Water Industries Ltd.
- Siemens
- General Electrics
- Moog, Inc
Wastewater Recovery Systems Latest Industry News
On 20 September 2023, Xylem Inc., which is a leading global water technology company, and LORENTZ, the German solar water pump manufacturer, announced they will enter into a distribution agreement to expand the availability of solar-powered pumping systems, globally. These sustainable pumping solutions are commonly used in agriculture, irrigation, and drinking water applications, enabling water managers to address decarbonization goals while reducing operating costs.
In August 2023, Veolia North America, a national leader in delivering environmental services in water, waste and energy, received, through its affiliates in the U.S., the top ranking in an annual listing of the largest U.S. environmental services companies compiled by Engineering News Record.
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Wastewater Recovery Systems Market Segment Analysis
For the purpose of this report, Emergen Research has segmented the global wastewater recovery systems market on the basis of treatment type, application, technology, end-use, and region:
- Treatment Type Outlook (Revenue, USD Billion; 2019-2032)
- Reverse osmosis
- Ultra-filtration
- Ion exchange resin systems
- Membrane filtration
- Others
- Application Outlook (Revenue, USD Billion; 2019-2032)
- Food and beverages
- Pharmaceuticals
- Chemicals
- Oil and gas
- Others
- Technology Outlook (Revenue, USD Billion; 2019-2032)
- Chlorination
- Sludge management technology
- Electrocoagulation and electro-oxidation
- Industrial demineralization
- Others
- End-Use Outlook (Revenue, USD Billion; 2019-2032)
- Municipal
- Industrial
- Regional Outlook (Revenue, USD Billion; 2019–2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Benelux
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- ASEAN Countries
- Oceania
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Rest of LATAM
- Middle East & Africa
- GCC Countries
- Israel
- Turkey
- South Africa
- Rest of MEA
- North America
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