Industrial Wastewater Treatment: R&D a Key to Market Growth
Growing industrial waste has compelled industries and governments to take effective steps to reduce contamination in water. Industrial wastewater treatment has gained momentum since the last few decades, due to reducing levels of freshwater. Players dealing with industrial wastewater treatment are innovating and using advanced technologies that enhance water treatment.
Research and development is playing a key role in developing newer technologies, and as such, players are increasing their research and development capabilities to withstand the increasing competition in the market. Containing a comprehensive analysis on the growth of the global industrial wastewater treatment market, Transparency Market Research has published a report by analyzing the key parameters of this market. The report provides the key developments, ongoing trends, and future scope of the growth of industrial wastewater treatment market, along with the major technologies used in wastewater treatment.
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Diminishing Freshwater Levels Increasing the Need for Industrial Wastewater Treatment
Recent statistics revealed by the World Health Organization show that, more than 2 billion people around the world utilize water sources that are contaminated with feces. Around 785 million people lack even basic drinking-water services, and 144 million out of these are dependent on surface water. An increasing number of deaths being caused by the transmission of various diseases through water has necessitated the need for advanced wastewater treatment solutions. This has forced manufacturers and governments to take strong and effective measures to treat wastewater. With increasing emphasis on industrial wastewater treatment across the globe, the global industrial wastewater treatment market is projected cross a valuation of US$ 140 billion by the end of 2027.
New Technologies Backing Growth in the Industrial Wastewater Treatment Market
Manufacturers Focusing on Deploying ZLD Technologies
Industrial wastewater treatment is a complex process, and players in the market are now deploying a combination of two or more technologies for better and effective wastewater treatment. Moreover, they are making constant efforts to reduce the cost of wastewater treatment. The high demand for wastewater treatment has augmented the growth of the water and wastewater treatment industry, with the use of various treatment solutions such as zero liquid discharge (ZLD), effluent treatment plants (ETPs), sewage treatment plants (STPs), and wastewater treatment plants (WTPs) for handling wastewater. Among these, ZLD technology is widely used, as it is capable of recovering 99% of the water from wastewater. The introduction of new technologies such as Forward Osmosis (FO) membranes and electro-separation systems in the field of ZLD has encouraged manufacturers to adopt ZLD.
Bubbleless Aeration – Future of Industrial Wastewater Treatment
A large number of companies around the world are now actively involved in the development of the membrane aerated biofilm reactor (MABR) technology. This process utilizes gas permeable membranes to deliver the oxygen required for aerobic biological treatment; it is also known as bubbleless aeration. A few renowned companies are focusing on MABR technology, and are working with researchers to find out new applications of this technology. A few companies have come up with a new system to speed up the oxygen delivery process with low energy consumption. Start-ups such as OxyMem and Fluence, and established players such as GE and others have introduced some advanced uses of MABR technology. With the growing adoption of this technology, players are likely to come up with more effective uses of MABR in the coming years.
Factors Creating Issues for Market Players
Though a large number of market players are focusing on the deployment advanced technologies regarding wastewater treatment, they are facing certain issues regarding the cost and required space associated with these technologies. Industrial wastewater treatment systems come at a high cost and need a large space to be set up. As such, in order to comply with mandatory government regulations to treat wastewater, these end users are opting for cheaper and minimally-effective technologies for the same. These factors are expected to restrain the market from reaching its full potential.
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Growing Technological Advancements with Increasing Competition
The global industrial wastewater treatment market is an amalgamation of chemicals, technologies, and operations, which makes the market a highly fragmented one. Competition in the global industrial wastewater treatment market is mostly on the base of technology. The use of advanced technologies is rising significantly, and wastewater treatment technology providers are focusing on coming up with new solutions.
Moreover, the presence of a large number of local, regional, and global players is expected to increase the competition in the global industrial wastewater treatment market in the coming years. However, new entrants in the market may face tough competition from big players in terms of brand value and product technology.
Two prominent players in the industrial wastewater treatment technologies are Veolia and Suez, who hold a substantial share in the market. Players in this market are engaged in extensive research and development activities that help them in innovating and introducing new technologies for wastewater treatment.
For example, SUEZ recently opened one of the world’s largest and most advanced analytical laboratory to serve its widening base of clients in Tomball, Texas (the U.S.). This lab undertakes the analysis of oil, water, process fluids, and deposits, as well as microbiological and metallurgical analysis for its clients.