October 04, 2018
WELLESLEY, Mass., Oct. 04, 2018–Declining freshwater availability and growing environmental and conservation regulations are helping to boost the global water and wastewater technologies market, according to a report by BCC Research.
The industry expects to see a compound annual growth rate (CAGR) of 5.2% through 2023, when it could be worth more than $83 billion, according to the report Water and Wastewater Treatment Technologies: Global Markets.
“Population growth, increased agricultural production and rapid industrialization in the Asia-Pacific region has resulted in intense pressure in providing water as well as recycling the waste water,” the report notes. “Domestic waste dumping along with the inadequate sanitation infrastructure has made the rivers in the Asia-Pacific region highly polluted. This has created environmental concern across the Asia-Pacific region and the respective country governments are taking initiatives and hence supporting the growth of water and wastewater technologies market.”
Market Restraints Include High Cost of Treatment Systems
The complex technologies and systems involved in water and wastewater treatment means solutions are expensive to implement, the report adds. Systems involved in treatment operations include process purification and separation. A raw water treatment system geared for up to 200 gallons per minute can cost as much as $1.5 million for high-pressure applications. A fully installed zero liquid discharge system which can handle up to 3,000 gallons per minute, meanwhile, can cost up to $50 million.
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Water and Wastewater Treatment Technologies: Global Markets( ENV008E )
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