Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 20342.9 Million | USD 36632.4 Million | 10.3% | 2021 |
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% 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.
Report Attributes | Report Details |
---|---|
Report Name | Water Recycle And Reuse Market |
Market Size in 2021 | USD USD 20342.9 Million |
Market Forecast in 2028 | USD USD 36632.4 Million |
Growth Rate | CAGR of 10.3% |
Number of Pages | 155 |
Key Companies Covered | 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., and others |
Segments Covered | By Component, By Technology, By End-Use, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2021 |
Historical Year | 2016 to 2020 |
Forecast Year | 2022 - 2028 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global water recycle and reuse market is segregated based on component, technology, end-user, and region.
Based on component, the water recycling and reuse market is fragmented into Chemical, Coagulants & Flocculants, Disinfectants & General Biocidal Products, Scale & Corrosion Inhibitors, Antifoam Chemicals, pH Conditioners, Equipment, Monitoring & Control Equipment, Aeration Equipment, Membrane Filters, Reactors, Processing Tanks, Others.
Based on technology, the water recycling and reuse market is fragmented into physical treatment technology, chemical treatment technology, and biological treatment technology. The physical treatment technology is generally referred to as the primary treatment. Biological treatment technology is referred to as a secondary treatment. Moreover, additional purification with the chemical treatment is referred to as advanced treatment.
By End-user, 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.
Report Attributes | Report Details |
---|---|
Report Name | Water Recycle And Reuse Market |
Market Size in 2021 | USD 20342.9 Million |
Market Forecast in 2028 | USD 36632.4 Million |
Growth Rate | CAGR of 10.3% |
Number of Pages | 155 |
Key Companies Covered | 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., and others. |
Segments Covered | By Component, By Technology, By End-Use, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2021 |
Historical Year | 2018 to 2021 |
Forecast Year | 2022 - 2028 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
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.
The global water recycle and reuse market is dominated by players like:
The global water recycle and reuse market is segmented as follows:
By Component
By Technology
By End-user
By Region
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 a study, the global water recycle and reuse market size was worth around USD 20342.9 Million in 2021 and is expected to reach USD 36632.4 Million by 2028 at a CAGR of 10.3% during the forecast period.
Asia Pacific is expected to dominate the water recycle and reuse market over the forecast period.
Leading players in 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., among others.
The water recycle and reuse market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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