The global water recycle and reuse market size was worth around USD 20342.9 million in 2021 and is estimated to grow to about USD 36632.4 million by 2028, with a compound annual growth rate (CAGR) of approximately 10.3 percent over the forecast period.
The global water recycle and reuse market size was worth around USD 20342.9 million in 2021 and is estimated to grow to about USD 36632.4 million by 2028, with a compound annual growth rate (CAGR) of approximately 10.3 percent over the forecast period. The report analyzes the water recycle and reuse market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the water recycling and reuse market.
Water recycling is the process of collecting, treating, and using wastewater that would otherwise have been just dumped. Majorly wastewater from municipal establishments and industries is subject to heavy treatment and recycling because this waste is harmful to dispose of and to save operational costs some industries also deploy reuse systems that create an efficient water use cycle.
Water recycle and reuse have seen a substantial increase in demand over recent years owing to rising water consumption and shortage of water supply. Rising sea levels, changing climatic conditions, rapid urbanization, and industrialization are some of the major factors that are guiding the water recycle and reuse market growth through 2028.
The fact that wastewater can be tailored to meet the requirements of specific applications makes the process of recycling a highly rewarding one and solves a major demand and supply issue in water management cycles where scarcity is observed.
However, the lack of a skilled workforce and the presence of harmful elements in recycled water are expected to have a hindering effect on the water recycle and reuse market growth over the forecast period.
The COVID-19 pandemic had an adverse impact on the global water recycle and reuse market growth and resulted in huge losses. Lockdown restrictions across the world made it nearly impossible to implement water recycling programs and many facilities were shut down to contain the spread of infections. Downtime of these facilities incurred losses for industries and subsequently resulted in a downfall of the water recycle and reuse market potential.
The water recycle and reuse market is expected to see a substantial increase in demand over the post-pandemic era as industrial activities resume and recycling facilities can run at optimal operating capacities to meet the growing demand for water from the increasing population.
Rising Government Initiatives to Conserve Water to Boost Market Potential
Increasing demand for water across the world has put governments in the hot seats and they have been rushing to implement effective water management and water recycling initiatives to meet the rising demand and avoid a crisis in the economy. Rapid urbanization and industrialization are also sharply increasing the demand for water along with the growing world population. Emerging economies like Brazil, India, Indonesia, and China are expected to see a hike in government support for water conservation and water recycling over the forecast period.
Retention of Harmful Residue in Recycled Water
Water recycling could sometimes leave harmful elements in the water that could be dangerous to human health or the environment if not handled with precaution and this is a major factor that is expected to hamper water recycle and reuse market growth over the forecast period. Water recycling and reuse companies can eliminate this threat by implementing effective recycling apparatus that ensures the safety of the recycled water to a consumable or usable extent.
The global water recycle and reuse market is segregated based on component, technology, end-user, and region.
By End-use, the water recycle and reuse market is segmented into municipal, industrial, pulp & paper, textile, chemical, paints & coatings, and others. Increasing industrialization on a global scale is expected to boost industrial segment growth over the forecast period and this segment is expected to exhibit lucrative opportunities for water recycle and reuse companies over the forecast period.
Asia Pacific region is predicted to expand at a notable CAGR and is expected to be one of the most lucrative markets owing to increasing water consumption by the rising population in this region. The region is expected to have dominant demand from emerging populous economies such as India and China which are also seeing robust industrialization and urbanization as well. Hence the water recycle and reuse companies can find highly opportunistic settings in these economies in the Asia Pacific region through 2028
The market for water recycle and reuse in North America is anticipated to maintain its dominant stance through 2028 and is projected to be a highly lucrative market for water recycle and reuse companies. Rapid advancements in water recycling technologies coupled with the low energy utilization in water recycling are two major factors that are influencing the water recycle and reuse market potential in this region. The United States is expected to be the most prominent market in this region owing to the rising demand for water recycling in the nation.
Some of the main competitors dominating the global water recycle and reuse market include – SUEZ, ProcessPro, Industrial Water Equipment Ltd, Evoqua Water Technologies LLC, Samco Technologies, Inc., MECO INCORPORATED, Veolia, Fluence Corporation Limited, Praj Industries, Hitachi Zosen Corporation, ALFA LAVAL, MacDermid Envio Solutions, DeLoach Industries, Inc.
By Component
By Technology
By End-use
FrequentlyAsked Questions
Increasing water consumption, rising demand for water technology and increasing popularity of sustainability trends are some major factors that guide water recycle and reuse market growth.
According to the Zion Market Research report, the global water recycle and reuse market was worth about US$ 20342.9 million in 2021 and is predicted to grow to around US$ 36632.4 million by 2028, with a compound annual growth rate (CAGR) of around 10.3 percent.
The market for water recycle and reuse in North America is anticipated to maintain its dominant stance through 2028 and is projected to be a highly lucrative market for water recycle and reuse companies. Rapid advancements in water recycling technologies to be a prominent trend.
Some of the main competitors dominating the global water recycle and reuse market include -- SUEZ, ProcessPro, Industrial Water Equipment Ltd, Evoqua Water Technologies LLC, Samco Technologies, Inc., MECO INCORPORATED, Veolia, Fluence Corporation Limited, Praj Industries, Hitachi Zosen Corporation, ALFA LAVAL, MacDermid Envio Solutions, DeLoach Industries, Inc.
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