Global ZLD systems market seen at $10-bn by 2026; Asia to buoy growth
Buoyed by strong growth in India, China, Japan, and South Korea in Asia, the global zero liquid discharge (ZLD) systems market is seen growing at CAGR of 8.57 per cent to reach $10.22 billion by 2026, up from $6.24 billion in 2020.
Zero liquid discharge (ZLD) systems are gaining more traction as they are helpful as wastewater treatment and water management solutions for intricate industrial wastewaters. Implementing stringent regulations on industries and power plants regarding discharges in water bodies are key factors driving zero liquid discharge systems market growth, said a recent industry research report.
The energy & power industry dominates the ZLD systems market share. High priority is given to water management as implanting zero liquid discharge systems eradicates the discharge of wastewater.
The north American market, the largest, is witnessing a drop industrial activities due to the COVID-19 pandemic. But the industrial sector in north America is expected to recover and regain its position on a global level. Therefore, the demand for ZLD systems is anticipated to be high during the forecast period.
In Europe, growing awareness about the harmful effects of polluted water on human health is consequently driving the adoption of advanced zero liquid discharge systems in the industrial sector. Energy-efficient and cost-effective zero liquid discharge systems materials are expected to have a higher demand in the 2020-2026 period.
The impact of COVID-19 in the zero liquid discharge systems industry has been two-fold with the increase in adoption and decrease in supply. Also, a decrease in travel, entertainment spending, and dining out – combined with government inducement programmess has freed up cash for customers to spend on water treatment systems, as well as more home improvements. The demand for industrial zero liquid discharge systems is increasing globally, said the research report.
