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Zero Liquid Discharge Market Size [2022-2026] worth USD 1.76 Billion | exhibiting a CAGR of 12.1%
Fortune Business Insights
Fortune Business Insights

Zero Liquid Discharge Market companies mentioned in report are Fluence Corporation Limited, Aquarion Group, Arvind Envisol, Samco Technologies, GE Water & Process Technologies, Aquatech, Veolia Water Technologies, SafBon Water Technology, GEA, Shiva Global Environmental Private Limited, Toshiba Infrastructure Systems & Solutions Corporation, Condorchem Envitech, Hydro Air Research, Lenntech.

Pune India, July 27, 2022 (GLOBE NEWSWIRE) -- The global zero liquid discharge market size was USD 0.71 billion in 2028. According to Fortune Business Insights the global market size for zero liquid discharge is projected to grow USD 1.76 billion by 2026, at CAGR of 12.1 during forecast period of 2021 to 2026. Heightened intensity of urbanization across the globe will be the central force fueling the growth of this market, states Fortune Business Insights™ in its new report, titled “Zero Liquid Discharge Market Size, Share and Global Trend by Technology (Thermal Based, Membrane Based), By Application (Energy & Power, Food & Beverages, Chemical & Petrochemical, Textiles, Pharmaceutical, Others), and Geography Forecast till 2026”.

Heavy R&D Investment to Remain Cornerstone Strategy for Market Players

Wastewater management is an arduous task and requires critical engineering knowledge. As a result, many key players are focused on enhancing their R&D capacity to develop innovative and sustainable solutions, according to the zero liquid discharge market forecast.


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Report Highlights:

Report Coverage

Details

Forecast Period

2019-2026

Forecast Period 2019 to 2026 CAGR

12.1%

2026 Value Projection

USD 1.76 billion

Base Year

2018

Market Size in 2018

USD 0.71 billion

Historical Data for

2015-2017

No. of Pages

140

Segments covered

By Technology (Thermal Based, Membrane Based), By Application (Energy & Power, Food & Beverages, Chemical & Petrochemical, Textiles, Pharmaceutical, Others), and Regional

Growth Drivers

Promise of High Efficiency to Drive Market Growth

 

Heavy R&D Investment to Remain Cornerstone Strategy for Market Players


Statistics computed by the UN Department of Economic and Social Affairs (DESA) revealed that presently, nearly 55% of the global population is living in urban areas. However, by 2050, roughly 68% of the world’s population will be residing in urban areas, the DESA highlights. Rapid urbanization, though a strong indicator of economic prosperity, has detrimental effects on the environment on account of the pressure such large swathes of people and materials put on the limited water resources. The situation is exacerbated by water pollution caused by wastewater discharge in these areas, which, incidentally, is one of the leading zero liquid discharge market trends. According to the International Water Association, close to 80% of the untreated wastewater is discharged into water bodies. This is especially true in developing countries where population is already high and growing, creating a dire need for efficient zero liquid discharge (ZLD) systems. As per the zero liquid discharge market report, the value of this market stood at USD 0.71 billion in 2018.