PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1398861
PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1398861
Water Security Concerns, Stringent Legislation, and Attractive Resource Recovery Revenue Streams Drive Market Growth
The water crisis necessitates technology developments that safeguard water availability and quality, supporting sustainable industrial practices and avoiding pollution of land and water bodies.
The Zero Liquid Discharge (ZLD) market advances novel technologies that tackle the challenges of cost and energy consumption focused on improving membrane-based systems that can replace thermal-powered products with heightened environmental impact and CAPEX and OPEX. Innovative pretreatments and membrane processes, including FO, EDR, and MD, are expected to displace thermal brine concentrators over the 2024 to 2030 forecast period, while developments in evaporation and crystallization technologies are set to improve these products' economic and environmental viability.
Stringent water protection and effluent limitation regulations, water scarcity, growing public awareness and concern over environmental issues, socioeconomic trends such as urbanization and industrialization, as well as material recovery opportunities will likely drive the demand for ZLD solutions. Frost & Sullivan estimates the global ZLD market at $851.5 million in 2023. The market is expected to grow at a 14.1% CAGR, reaching $2,146.6 million by 2030.
The report analyzes the global ZLD industry trends and factors impacting market growth and technology development. Other important information includes: