Zero Liquid Discharge Systems Market size was valued at USD 6,780.3 million in 2022, growing at 8.3% CAGR from 2023 to 2029. The zero liquid discharge system is an water treatment purifying technique where the waste water discharged from the industry is treated and purified and which makes it reusable. A study says that about 93% of water can be recovered using a good zero liquid discharge system. The advantage of zero liquid discharge system is that this technique can retain the by-products of water like salts. It is a cost-efficient method for the treatment of waste water. The scarcity of fresh water was always an issue all over the globe, the zero liquid discharge system can be used to desalinate the sea water and make it as drinkable water, these acts as a key driver to the market growth of zero liquid discharge market. Many government regulations has been set and implemented strict guidelines and policies for the waste water discharge across the globe in order to control the wastewater discharge into oceans and sea, for instance, European Union water framework directives in European Union and Effluent limitation guidelines in Unites States. These regulatory bodies are set for protecting the environment from harmful waste water discharges from the industries. Increase in population, rapid urbanization, industrial revolutions, are the reason to cause scarcity of water which will lead to adoption of desalination of sea waters for drinking and domestic purpose. These are the reasons anticipated to fuel the growth of zero liquid discharge system market across the globe. The huge investments required in installation of zero liquid discharge system plant and the improper knowledge about the operating the zero liquid discharge system are the reasons anticipated to hinder the growth of the zero liquid discharge system, Asia Pacific region held the major market share in 2022 and is expected to dominate the global zero liquid discharge systems market in the forecasted years.
In June 20221, Aquatech International announced about the joint venture with Upwell Water which is leading among the competitors and is technology-enabled water asset company.
In September 2022, Veolia Water Technologies declared partnership with the Orange Business Services and introduced hubgrade a digital platform where the customers can remotely watch the water treatment plants and equipment.
Fastest Growing Market
The zero liquid discharge system market is growing due to the increasing population, increase in urbanization, and a huge consumption of water by the industries and scarcity of fresh water for personal and domestic use are the key drivers for the growth of zero liquid discharge system market across the globe. Furthermore, The laws and policies implemented by the government bodies in order to save the environment from the waste water discharge into the oceans is also anticipated to fuel the growth of global market. Whereas the cost of setting up new plants and the training of the personnel and the cost of installation are the reasons anticipated to hinder the market growth in the forecasted period.
The Zero Liquid Discharge Systems market size was valued at USD 6780 million in 2022.
The increasing population, increase in urbanization, and a huge consumption of water by the industries and scarcity of fresh water for personal and domestic use are the key drivers for the growth of zero liquid discharge system market across the globe
The leading players in the global Zero Liquid Discharge Systems market are Aquatech internationals, Veolia, GEA Group AG, Alfa Laval AB, Praj Industries, Andritz AG, H20 GmbH, Aquarion AG, Condorchem envitech, Safbon Water Technology, Ion Exchange India Ltd, Toshiba Infrastructure Systems & Solutions, Petro Sep
Historic years considered for the market study are 2018 through 2022, 2022 is considered as the base year for market estimation and Seven years forecast presented from 2023– 2029.