Zero liquid discharge (ZLD) is a water treatment process through which all the wastewater is purified and recycled, hence, leaving zero discharge at the end of the treatment. Zero liquid discharge technology is being used by water treatment facilities across the globe.
New York City, NY -- (SBWIRE) -- 06/22/2017 -- According to the report by Persistence Market Research (PMR), zero liquid discharge projects globally will generate revenue of more than $510 million by the end of 2017. Asia Pacific is anticipated to be the largest market in terms of revenue generation.
The technology is able to decontaminate and recycle wastewater without letting even a single drop waste at the end of the treatment cycle or process.
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Key Factors Driving the Growth of Zero Liquid Discharge Market
Growth in adoption of ZLD technology in the power generation sector
Rising scarcity of freshwater globally
Increase in use of Zero liquid discharge technology in recovering valuable compounds and minerals
Growth in application of ZLD technology for desalination
Among all these factors, limited availability of freshwater is something that is playing the biggest role in the growth of zero liquid discharge market. Growing industrialization have significantly increased the generation of wastewater. Energy and power generation, effluent treatment and municipal wastewater contribute towards the generation of wastewater. Environmental agencies and government authorities have formulated various regulations to deal with the problem of wastewater, however, the wastewater generated from the industries in developing countries is discharged untreated in the public water sources, these activities will result in the development of several new water treatment facilities in the developing countries.
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Moreover, new water management laws in the China, India and Mexico are boosting the application of zero liquid discharge.
APAC to Dominate the Zero Liquid Discharge Market
The report also reveals that APAC will continue to dominate the zero liquid discharge market. It is projected to reach the valuation of $434.4 million, growing at CAGR of 10.8%. Despite its smaller market size, Latin America will adopt ZLD technology on a large scale. In North America, ZLD technology is majorly implemented by power generation plants, the market is estimated to reach $243.9 million by the end of 2025.
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Power Generation Segment to Rule the Global Zero Liquid Discharge Market
Power generation segment will dominate the zero liquid discharge market, expected to grow at CAGR of 9.6%, says the report. Power generation segment is anticipated to remain more attractive compared to other segments as described in the report. However, power generation segment will be followed by chemicals and petrochemicals segment in terms of overall market attractiveness.
Higher operating and capital expenditure restrict the growth of zero liquid discharge market. Space constraint is another factor making it difficult for smaller industries in developing countries to install zero liquid discharge system.