(MENAFN- PR Newswire) DUBLIN, March 7, 2024 /PRNewswire/ -- The
"Water Recycle and Reuse Market by Technology (Conventional Treatment and Recycling Technologies, Membrane Filtration Technologies, Chemical Treatment and Disinfection Technologies), End User (Industrial, Agricultural, Domestic and Commercial), and Region 2024-2032" report has been added to
ResearchAndMarkets's offering.
The global water recycle and reuse market size reached US$ 23.7 billion in 2023. The market is projected to reach US$ 59.2 billion by 2032, exhibiting a growth rate of (CAGR) of 10.71% during 2023-2032.
The increasing water scarcity concerns and the growing consumer awareness regarding the detrimental environmental impact of resource shortage across the globe represent some of the key factors driving market.
Water recycle and reuse represents a range of approaches that involve collecting, treating, processing, reclaiming, and reusing wastewater generated from various sources and sectors for diverse purposes, including irrigation, street cleaning, and vehicle washing applications. It includes trapping, fine filtration, aerobic biological treatment, reverse osmosis, and desalination as standard practices for water recycling and reuse. It further involves the usage of multiple technologies, such as conventional treatment and membrane filtration solutions, to ensure optimal purification of the resource.
These cost-effective procedures minimize saltwater intrusion, respond to climate change or unpredictable weather effects, and eradicate severe droughts and sea-level rise. Apart from this, water recycle and reuse saves energy, reduces freshwater resource degradation or salinization, and provides easy access to water in arid areas. As a result, water recycle and reuse are used to reduce pollution discharges and ensure water sustainability and security.
Water Recycle and Reuse Market Trends
The increasing water scarcity concerns represents one of the key factors driving the market growth. In line with this, there is growing consumer awareness regarding the detrimental environmental impact due to resource shortage.
This, along with the increasing need for various effective water recycling and reuse techniques for the treatment of wastewater generated by industries and humans while performing potable and non-potable applications, such as toilet flushing, agricultural irrigation, and industrial proceedings, is acting as another major growth-inducing factor.
The market is also driven by the implementation of numerous favorable water conservation programs by governments due to escalating environmental concerns. Such initiatives and significant investments have encouraged the development of wastewater-storing infrastructure that distributes treated water for personal usage. Moreover, the extensive utilization of recycled water in multiple construction applications, concrete mixing, artificial lakes, and paper mills is positively impacting the market growth.
Furthermore, the growing need for groundwater aquifers and surface reservoirs with recycled water and the advent of cost-effective water quality monitoring and contaminants identification technologies are favoring the market growth.
Apart from this, the rising demand for reused water in the agricultural sector and the ongoing sensitization regarding the multiple water recycling methods and their benefits by both the government and non-governmental organizations (NGOs) are creating a positive outlook for the market.
Key Market Segmentation:
The report provides an analysis of the key trends in each segment of the global water recycle and reuse market, along with forecasts at the global, regional, and country level from 2023-2032. The report has categorized the market based on technology and end user.
The report has also provided a detailed breakup and analysis of water recycle and reuse market based on the technology. This includes conventional treatment and recycling, membrane filtration, and chemical treatment and disinfection technologies. According to the report, membrane filtration represented the largest segment.
A detailed breakup and analysis of the water recycle and reuse market based on the end user has also been provided in the report. This includes industrial, agricultural and domestic and commercial. According to the report, domestic and commercial accounted for the largest market share.
North America was the largest market for water recycle and reuse. Some of the factors driving the North America water recycle and reuse market included growing environmental consciousness among individuals and various governmental initiatives toward sustainable development.
Key Questions Answered in This Report:
How has the global water recycle and reuse market performed so far and how will it perform in the coming years? What are the drivers, restraints, and opportunities in the global water recycle and reuse market? What are the key regional markets? Which countries represent the most attractive water recycle and reuse markets? What is the breakup of the market based on the technology? What is the breakup of the market based on the end user? What is the competitive structure of the water recycle and reuse market? Who are the key players/companies in the global water recycle and reuse market?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Water Recycle and Reuse Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Technology
6.1 Conventional Treatment and Recycling Technologies
6.2 Membrane Filtration Technologies
6.3 Chemical Treatment and Disinfection Technologies
7 Market Breakup by End User
7.1 Industrial
7.2 Agricultural
7.3 Domestic and Commercial
8 Market Breakup by Region
9 Drivers, Restraints, and Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
12 Price Analysis
13 Competitive Landscape
Alfa Laval Aquatech International DeLoach Industries Ecolab Inc. Element Solutions Evoqua Water Technologies Fluence Hitachi Zosen Industrial Water Equipment Lenntech Praj Industries Samco Technologies Siemens Veolia Environnement
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