31 Aug 2016 02:08:10
Rising Government Support Crucial for Wastewater Recovery Systems Industry, says TMR
The global wastewater recovery systems market is driven by the increasing number of applications of wastewater as well as the sustained technological development in recovery systems, according to a new Transparency Market Research report. The report, titled ‘Wastewater Recovery Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024,’ provides a detailed analysis of the market’s historical and present figures. The comprehensive database about the market’s development to its current stage is then used to derive actionable insights into the market’s future.
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Wastewater recovery has become a major research avenue in recent years as falling water levels have sparked global concern and outrage. Wastewater recovery systems not only allow water to be reused, but also reduce the volume of wastewater and isolate the pollutants in it. This makes their disposal much more convenient. Wastewater recovery systems thus act as filtration and redistribution units for waste water.
The rising incorporation of wastewater recovery systems in the industrial sector is a prime driver for the global wastewater recovery systems market. Due to the high costs of purchasing fresh water as well as of disposing wastewater in accordance with strict government regulations, wastewater recovery and recycling has emerged as a viable cost-cutting option in several industries.
Government regulations supporting the installation of wastewater recovery systems, through either economic incentives or making installation mandatory, have also helped the wastewater recovery systems market massively. Improper wastewater disposal can become a public health hazard, as wastewater can contain several toxic chemicals, in addition to threatening the wildlife in the disposal site.
Though filtered wastewater is not safe for human consumption, it can be used for agriculture. The rising demand for food across the world has caused a growing strain on the global agriculture sector in recent years, compounded by the growing water scarcity concerns. Treated industrial as well as residential wastewater can thus become a steady source of water for the agriculture sector, since agriculture doesn’t necessarily require fresh water.
The steady technological development of wastewater recovery systems has also helped the market gain sustained demand. Advanced membrane-based filtration and reverse osmosis systems enable the recovery of as much as 90% of the water from wastewater, which has driven their demand in the global market. These two technologies are likely to remain the dominant product segments of the global wastewater recovery systems market in the coming years.
The report also profiled the competitive landscape of the global wastewater recovery systems market in order to present useful insights into the competitive dynamics of the market. Key players such as GE Water & Process Technologies, Koch Membrane Systems Inc., Calgon Carbon Corporation, and Siemens Water Technologies Corp. have been profiled in the report in order to provide readers information on how the wastewater recovery systems market’s competitive landscape is expected to pan out in the coming years.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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