APAC Region Witnessing an Increasing Demand for Wastewater Management Systems
" The global wastewater treatment system market is expected to cross $15 billion by 2025 "
Bangalore, India, August 27, 2019: With its recently published study “Global Wastewater Treatment System Market – Drivers, Restraints, Opportunities, Trends, and Forecast up to 2025”, Infoholic Research forecasts that the global market for wastewater treatment will continue to grow owing to the stringent laws enacted by governments across the world for environment preservation. APAC is one of the fastest growing market in the global wastewater treatment system market mainly due to increasing number of new wastewater treatment plants set up in countries like China, South Korea, Japan, Australia, and India.
MEA is one of the leading revenue generators in the global wastewater treatment system market with a major share of the market contributed by UAE, Israel, and Saudi Arabia. Huge number of desalination plants in the Middle East is one of the major factors driving the market. In Tehran, Iran there is an increase in demand for wastewater treatment and the government officials are planning to expand their production capacity of 50,000 cubic meters per day to reach 80,000 cubic meters per day by the end of 2019.
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The demand for wastewater treatment system is expected to increase in APAC and MEA and this trend is expected to continue during the forecast period 2019–2025, fueling the global wastewater treatment system market growth at a CAGR of more than 5% to cross $15 billion by 2025.
Wastewater treatment differ based on the waste to be cleaned. For instance, industrial wastewater requires different type of treatment compared to municipal wastewater. Municipal waste includes wastes generated from residential sector, institutions, and small businesses. Industrial waste includes waste generated from huge industries including biochemical, food and beverage, petroleum, mining, agriculture, power, and manufacturing plants. Some of the major wastewater treatment methods includes flocculation, sedimentation, coagulation, membranes, and filtration.
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One of the major challenges in the global wastewater treatment system market is the huge cost associated with setting up wastewater treatment systems. Companies are heavily investing on R&D to develop industry-specific solutions for wastewater treatment at an optimal cost. For instance, Aquacycl LLC is a company focused on developing BioElectrochemical Treatment Technology (BETT), mainly for the food and beverage industry. BETT is an onsite wastewater treatment system that eliminates up to 80% of primary sludge and provides more than 50% reduction in the operating expenses.
“More companies with a focus on providing highly efficient wastewater treatment system with lesser operating cost will increase the penetration in developing and under-developing economies,” highlighted Arjun Das, Senior Research Analyst, Infoholic Research
Key segments of the report include:
- By Type of Waste:
- Municipal Waste
- Industrial Waste
- By Region:
- North America
- Latin America
- Industry outlook: Market trends, drivers, restraints, and opportunities