Sellbyville, DE -- (SBWIRE) -- 01/31/2019 -- Global Wastewater Recovery Systems Market set to beat USD 50 Billion by 2024. Growing initiatives toward minimizing the ecological impact of waste coupled with the introduction of stringent waste generation and discharge standards will augment the wastewater recovery systems market. Growing measures to counter the declining water resources will complement the industry landscape.

Shifting trends toward green industry to utilize waste as an economical & environmental resource will propel the global market growth. The deployment of these systems through industrial symbiosis primarily across the eco-industrial parks is gaining significant prominence. Expanding industrialization coupled with mounting compliance costs will further complement the business outlook.

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Europe wastewater recovery systems market is anticipated to witness a growth of over 6 % by 2024. The industry expansion is characterized by rigorous implementation of environmental & wastewater regulations along with escalating focus toward green industrial ecology. For instance, the EU Water Framework Directive outlines the '3R's' approach of reduce, recycle, and reuse, in addition to the precautionary and polluter pays principles.

The U.S. wastewater recovery systems market is anticipated to expand over 7 % by 2024. Stringent regulatory regime enforcing the adequate discharge of waste will stimulate the market size. For instance, the U.S. EPA has issued Effluent Guidelines as the national regulatory standards for discharged waste to surface waters and municipal sewage treatment plants. The prevalent wastewater regulations along with strengthening global agendas on water resource management will continue to intensify the industry growth. For instance, the EPA Clean Water Act prohibits the discharge of a pollutant into the U.S. waters without a National Pollutant Discharge Elimination System (NPDES) permit.

Saudi Arabia wastewater recovery systems market is set to grow on account of rising investments toward green industrial infrastructure in the country. Expanding eco-industrialization aimed at water reuse, lower power consumption, material recovery, and reduced environmental & health impacts will favor the industry outlook. For instance, the Saudi Arabia Al Kharj industrial eco-park project is proactively demonstrating the efficacy of wastewater recovery solutions.

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Sizeable investments across food processing plants along with growing consumer inclination toward processed food will stimulate the deployment of these systems across food & beverages industry. Tightening operational regulations and rising compliance costs will further favor the industry growth.

Rising health and environmental concerns over inadequately treated waste will stimulate the wastewater recovery systems market. Increasing public awareness supported by the simultaneous manifestation of stringent legislative standards for improved health & environmental protection further complement the business landscape.

Key industry players include Veolia, Pall Corporation, SUEZ - Water Technologies & Solutions, Cabot Corporation, Evoqua Water Technologies, Calgon Carbon Corporation, Koch Membrane Systems, Vinnolit and others.