Industrial Wastewater Treatment Market Size, Share, Growth Analysis, By Application(boiler feed water, chemical production, cooling towers, closed loop chillers), By Technology(biological treatment, membrane bioreactors, activated sludge, reverse osmosis), By End Use(oil & gas, chemical, mining, power), By Process(ultrafiltration systems, vacuum evaporation and distillation, reverse osmosis systems, paper bed filters), By Region - Industry Forecast 2024-2031

Drivers

Stringent Regulations to Prevent Environmental Hazards will Drive Demand for Industrial Wastewater Treatment

• One of the most significant factors contributing to environmental deterioration is the disposal of industrial effluent. Pathogens, toxic compounds, oil and grease, salts, nutrients, heavy metals, sludge, acids, and bases are just a few of the dangerous elements found in wastewater. The framework for regulating the discharge of pollutants into U.S. waterways is defined by the Clean Water Act (CWA). Other nations, like China, Spain, the Netherlands, and others, have also taken the required actions to clean and manage wastewater. Modern water reclamation systems must incorporate membrane filtering.

• A variety of dissolved contaminants can be effectively removed using micro- and ultra-filtration membranes. Other techniques have been developed, assessed, and put into practice, including Advanced Oxidation Processes (AOP), AVF, and UV radiation. For instance, 70 million automobiles are produced each year generating about 34 trillion liters of wastewater.

Restraints

Heavy Operational Cost might Hinder Market Growth

• 359.4 billion m3 of wastewater are produced globally each year, yet only 52% of that is treated. In China, 70% of aquatic bodies are polluted by wastewater, despite the fact that there were only 10,113 WWTPs as of January 2020. The country's electrical energy is used for the treatment of wastewater on an annual basis to the tune of 3% to 15%. The market for industrial wastewater treatment is significantly impacted by high dependence on power and the accompanying drain on this resource. One of the most important problems preventing the expansion of the market's revenue is a cost-intensive element paired with poor margins.