Market Research Report
Zero Liquid Discharge (ZLD) - Global Market Outlook (2020-2028)
|Zero Liquid Discharge (ZLD) - Global Market Outlook (2020-2028)|
Published: May 5, 2021
Stratistics Market Research Consulting
Content info: 150+ Pages
Delivery time: 2-3 business days
According to Stratistics MRC, the Global Zero Liquid Discharge (ZLD) Market is accounted for $0.83 billion in 2020 and is expected to reach $2.27 billion by 2028 growing at a CAGR of 13.4% during the forecast period. Increased energy demand coupled with stringent regulations regarding wastewater discharge and growing global crisis of freshwater are the major factors propelling the market growth. However, high initial investment and requirement of custom design along with problematic handling of complex streams are hampering the market growth.
The zero liquid discharge is a wastewater treatment process and it's a combination of multiple processes including fractional electrode ionization, reverse osmosis, ultra-filtration, and evaporation & crystallization. Using zero liquid discharge process, recycling and purification of waste water is performed to significant extent. Approximately over 95% of water is reusable in nature when it is purified using zero liquid discharge method. Also, due evolution in the wastewater treatment process from past few years, this system has witnessed significant advancements in its functionalities and this has ultimately resulted into the availability of more reliable and efficient water treatment systems for different end user industries.
Based on technology, the membrane based segment is going to have a lucrative growth during the forecast period owing to the better efficiency in operation and preference given by the industry for their installation over thermal-based installations. The various techniques used in membrane-based installations are reverse osmosis, nano-filtration, electro dialysis, and natural evaporation.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the rapid industrialisations and urbanization in the developing economies such as India, China, and others present in this region. Also, increasing population in this region is creating issues such as scarcity of water and such parameters are expected boost the demand for Zero Liquid Discharge in the Asia Pacific region.
Some of the key players profiled in the Zero Liquid Discharge (ZLD) Market include Aquarion Group, Aquatech, Austro Chemicals & Bio Technologies, Bionics Advanced Filtration Systems, Condorchem Envitech, Fluence Corporation Limited, GE Water & Process Technologies, GEA, Hydro Air Research, Lenntech, SafBon Water Technology, Samco Technologies, Inc, SUEZ, Toshiba Infrastructure Systems & Solutions Corporation, and Veolia Water Technologies.
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