PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1250726
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1250726
According to Stratistics MRC, the Global Zero liquid discharge (ZLD) Market is accounted for $1023.16 million in 2022 and is expected to reach $1842.46 million by 2028 growing at a CAGR of 10.3% during the forecast period. In the Zero Liquid Discharge (ZLD) method of water purification, all wastewater is cleaned up and recycled. ZLD is primarily treated using thermal or membrane techniques. Decanters, separators, concentrators, evaporators, and crystallizers, among other equipment, are needed for these processes. The regulatory agencies all over the world have recently tightened their control over the overall wastewater discharge process. They are frequently used in desalination and power plants, textile factories, chemical plants, bulk drug manufacturing facilities, and process plants.
According to the World Steel Association, China is the largest producer of steel in the world. In 2021, the country's annual production capacity of crude steel stood at 1,032.8 metric tons, registering more than 50% of the global production. The strong growth of steel production in the country is estimated to drive the ZLD systems market during the forecast period.
High efficiency in operation of ZLD systems
Water recycling using effective methods has become increasingly important in meeting the growing demand for water. ZLD systems operate effectively and reuse between 70% and 90% of wastewater. Recycled water is more cost-effective than water from traditional sources, according to water economics. Zero liquid discharge can also be a more practical and cost-effective solution when it comes to moving large amounts of waste over long distances. These ZLD benefits will increase demand for ZLDs during the forecasted time frame.
High capital and operational costs
Systems that use zero liquid discharge to recover usable water from wastewater systems rely on thermal processes, including energy-intensive evaporation processes. Such systems are built specifically to meet the needs of a specific organization, which necessitates a sizable financial commitment. The adoption of ZLD systems is further hampered by spatial limitations, particularly in smaller industries from emerging economies. In addition, the cost of ZLD treated water may be three to seven times higher than the cost of groundwater or municipal sources, which is anticipated to impede market expansion.
Growing Urbanization
The world is experiencing an increase in urbanization, which has led to an excess demand for water and energy. This has forced energy producers to both produce more energy and do so more efficiently. Zero liquid discharge systems are installed as a result of the need to control the discharge to water bodies in conjunction with increasing power plant output. The market size for ZLD will grow at a healthy rate if this trend continues throughout the projection period.
Availability of substitutes
In comparison to zero liquid discharge systems, alternative options like minimal liquid discharge (MLD) recover about 95% of the liquid discharge from their effluent treatment plants for less money. Therefore, MLD technology is more affordable than ZLD and aids in compliance with regulatory requirements, municipal corporations and other similar organizations are increasingly implementing it. As a result, it is anticipated that these factors will restrain market growth during the forecast period.
The COVID-19 pandemic has caused the worldwide lockdown, which has caused the production of many products in the zero liquid discharge system industry to cease. This has slowed the market's expansion over the past few months and is probably going to do so in 2021. Sales of zero liquid discharge systems were already impacted by COVID-19 in the first quarter of 2021, and it is anticipated that this will have a negative effect on market growth throughout the year.
The energy & power segment is expected to be the largest during the forecast period
The power and energy segment is estimated to be dominant throughout the forecast period. Global energy consumption has increased as a result of the growing population and the rapid urbanization of areas. More businesses and energy facilities have been built as a result of this. Moreover, Zero liquid discharge is most frequently used in thermal power generation facilities, which is driving the segment's expansion.
The hybrid ZLD systems segment is expected to have the highest cagr during the forecast period
Due to the widespread application across numerous end-use industries, the demand for the hybrid ZLD system segment is anticipated to grow at a faster CAGR during the forecasted period. Energy and power, chemicals and petrochemicals, and pharmaceuticals are some end-use industries that use hybrid ZLD systems, which are anticipated to increase market expansion.
Region with largest share:
Asia Pacific will maintain its largest share during the projection timeframe. Leading investors in China and India will keep supporting the market in the region during the forecast period. Both countries place a high priority on water security, which encourages the construction of zero liquid discharge plants. Although widespread water pollution has been a major issue in developing Asian economies, severe groundwater scarcity will continue to be the primary factor driving demand for efficient wastewater treatment solutions like ZLD. Therefore, the market for zero liquid discharge systems in the area is growing as a result of these factors.
Due to the rising demand for zero liquid discharge from developed nations like the US, Mexico, and Canada, the North American region is anticipated to experience the highest CAGR during the forecast period. The US EPA (Environmental Protection Agency) recently finished its guidelines, updating its preexisting wastewater regulations. Additionally, region's market growth is being fueled by the US, because of its extremely strict regulations regarding wastewater emissions.
Some of the key players profiled in the Zero Liquid Discharge (ZLD) Market include Fluence Corporation Limited, 3V Green Eagle S.p.A., ALFA LAVAL, Aquarion Group, Aquatech International LLC, Arvind Envisol, Condorchem Envitech, ENCON Evaporators, Evoqua Water Technologies LLC, GE Water & Process Technologies, GEA Group Aktiengesellschaft, Hydro Air Research Kelvin Water Technologies Pvt. Ltd., Lenntech, Oasys Water, Praj Industries, SafBon Water Technology., Samco Technologies, Inc., SEUZ, Thermax Global, Toshiba Infrastructure Systems & Solutions Corporation and Veolia Water Technologies Inc.
In February 2022, Veolia announced the completion of the sale of the New Suez to the consortium of investors composed of Meridiam, GIP, CDC Group, and CNP assurances for an unchanged enterprise value.
In December 2021, European Commission approved the acquisition of Suez by Veolia. This was a decisive step in the creation of a global champion of ecological transformation.
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