(MENAFN - iCrowdNewsWire) iCrowdNewswire - Apr 15, 2019
According to the new market research report " Zero Liquid Discharge Systems Market by System (Conventional, Hybrid), Process (Pretreatment, Filtration, Evaporation & Crystallization), End-Use Industry (Energy & Power, Chemicals & Petrochemicals, Food & Beverages), and Region - Global Forecast to 2023″, The zero liquid discharge market is expected to grow from USD 5.4 billion in 2018 to USD 8.1 billion by 2023, at a CAGR of 8.3% from 2018 to 2023. Major drivers in the market include the implementation of stringent environmental regulations. In addition, rising concerns over the disposal of brine concentrates into water bodies is expected to drive the zero liquid discharge systems market.
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The zero liquid discharge systems market is estimated at USD 5.4 billion in 2018 and is projected to reach USD 8.1 billion by 2023, at a CAGR of 8.3% from 2018 to 2023. The growing demand for zero liquid discharge systems from the energy & power, chemicals & petrochemicals, food & beverages, textiles, pharmaceuticals, semiconductors & electronics, and others for removal of brine from concentrates and their subsequent crystallization is expected to drive the demand in the zero liquid discharge systems market. The key factor for the growing demand is the increasing regulation on the disposal of these concentrates into water bodies.
The South America region is expected to grow at the highest CAGR during the forecast period owing to the rising demand for fresh water and improving economic conditions in Brazil and Argentina, leading to increasing industrialization in this region. This growth can be attributed to the growing demand for zero liquid discharge systems from various end-use industries such as energy & power, chemicals & petrochemicals, food & beverages, textiles, and pharmaceuticals, among others. Major companies operating in the zero liquid discharge systems market have installed zero liquid discharge systems in South America. These companies are undertaking organic and inorganic expansion strategies to increase their market share and penetrate into emerging markets.
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The zero liquid discharge systems market is estimated at USD 5.4 billion in 2018 and is projected to reach USD 8.1 billion by 2023, at a CAGR of 8.3% from 2018 to 2023. Increasing regulations on the disposal of brine concentrates have led to the demand for zero liquid discharge systems from end-use industries. Zero liquid discharge systems are used to remove concentrates from processes such as cooling tower blowdown and flue gas desulphurization, among others. Major end-use industries of zero liquid discharge systems include energy & power, chemicals & petrochemicals, food & beverages, textiles, pharmaceuticals, semiconductors & electronics, and others. Zero liquid discharge systems also find application in the energy & power industry where they are used to treat large volumes of waste water before being released into the environment or bringing it back to the process.
Major companies operating in the zero liquid discharge systems market include Aquatech International LLC (US), SUEZ Water Technologies & Solutions (US), Veolia Water Technologies (France), GEA Group (Germany), Praj Industries Ltd. (India), H2O GmbH (Germany), US Water Services Inc. (US), Aquarion AG (Switzerland), Doosan Hydro Technology, LLC (US), Petro Sep Corporation (Canada), Saltworks Technologies Inc. (Canada), IDE Technologies Ltd. (Israel), Degremont Technologies Ltd. (Switzerland), and Oasys Water, Inc. (US), among others.
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Aquatech International LLC (US), Veolia Water Technologies (France), and GE Water Process & Technologies (US) are the key players holding a significant share in the zero liquid discharge systems market. Among these, Aquatech International LLC (US) is one of the leading engineering, procurement, and construction (EPC) companies in terms of number of developments and has received a number of contracts for the installation of the zero liquid discharge systems in North America, Asia Pacific, the Middle East & Africa, and Europe. The company is also focusing on new product launches for products such as membranes to enhance its product portfolio. The company leads the zero liquid discharge systems market with its patented technologies - High Efficiency Reverse Osmosis (HERO) and High Efficiency Evaporation (HEVAP). In 2016, Aquatech International LLC completed the installation of the first integrated zero liquid discharge plant for the Egyptian Ethylene and Derivatives Company (ETHYDCO). This contract was awarded for the treatment of wastewater by the production facility and cooling tower blowdown at Alexandria. This water treatment facility will help meet the demand for fresh water by 70% from the river Nile.
Veolia Water Technologies is a major company that provides industrial and domestic water solutions in more than 45 countries and has a reach in France and Europe. It is a 100% subsidiary of the Veolia Group, specializing in technological solutions and providing a complete range of services that are required to design, build, maintain, and upgrade water and wastewater treatment facilities for industrial users and public authorities. Most of the technologies provided are developed in-house while a small selection is from highly specialized partners. Veolia has over 135 business units worldwide and water operations in more than 50 countries with more than 350 technologies in its portfolio. In 2016, Veolia Water Technologies received a contract from The Dow Chemical Company (US) for a total overhaul of the process water treatment plant at Dow's Pittsburg Operations facility in California.
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