Global Zero Liquid Discharge Systems Market by Process, End Use Industry, Region, Competition, Forecast & Opportunities, 2024 | TechSci Research
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Global zero liquid discharge (ZLD) systems market stood at $ 5.5 billion in 2018 and is projected to reach $ 8.2 billion by 2024, growing at a CAGR of 8.4% during 2019-2024. Increasing concerns about the disposal of brine concentrates into water bodies are anticipated to propel the zero liquid discharge systems market, globally. Furthermore, growing demand from end-use industries like power and energy in the North American region is expected to fuel the demand for zero liquid discharge systems during forecast period, owing to rising industrialization along with scarcity of water sources in the region.
The market has been segmented into system, process, end-use industry and region. Based on system, the conventional sub-segment is anticipated to dominate the market for zero liquid discharge systems during the forecast period,?owing to its extensive application across numerous end-use industries. Conventional ZLD systems are standard systems that are used by various end-use industries, owing to their specific designs that involve pre-defined stages like pretreatment, filtration, evaporation and crystallization.
Based on end-use industry, the market has been segmented into chemicals & petrochemicals, food & beverages, energy & power, pharmaceuticals and others. Among these segments, the energy & power sub-segment lead the zero liquid discharge systems market in 2018, backed by regulations preventing the concentrated effluents discharge in water streams. Moreover, demand for fresh water and implementation of stringent environmental regulations, globally, are propeling the demand for zero liquid discharge systems.
Regionally, global zero liquid discharge systems?market has been segmented into North America, South America, Europe, Asia-Pacific (APAC) and the Middle East & Africa (MEA). North America dominated global zero liquid discharge systems market in 2018 and is expected to grow at a high rate during the forecast period, on account of growing demand for these systems from end-user sectors such as energy & power, chemicals & petrochemicals, among others, across the region.
Some of the major companies operating in global zero liquid discharge systems market are GE Water & Process Technologies, Veolia Water Technologies, GEA Group AG, Praj Industries Ltd., Aquatech International LLC, H2o GmbH, U.S. Water Services, Inc., Aquarion AG, Saltworks Technologies Inc. and Doosan Hydro Technology LLC.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Objective of the Study:
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Some of the leading players in global zero liquid discharge systems market are GE Water & Process Technologies, Veolia Water Technologies, GEA Group AG, Praj Industries Ltd., Aquatech International LLC, H2o GmbH, U.S. Water Services, Inc., Aquarion AG, Saltworks Technologies Inc. and Doosan Hydro Technology LLC.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major players operating in global?zero liquid discharge systems market.
TechSci Research calculated global?zero liquid discharge systems market size by?using a top-down approach, where data for various end-user segments was recorded and?forecast?for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, global zero liquid discharge systems market?has been segmented into following categories, in addition to the industry trends which have also been detailed below:
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Competitive Landscape
Company Profiles:?Detailed analysis of the major companies present in global zero liquid discharge systems market.
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