Industrial Wastewater Treatment Market

According to USA-based company Meticulous Research, the market is expected to reach a value of 77.6 billion US-Dollar by 2027 at a compound annual growth rate (CAGR) of 7.2 percent during 2020-2027.

The growth of this market is mainly attributed to rapid population growth & urbanization, rising industrialization, growing emphasis on water quality & public health, and increasing prevalence of waterborne diseases, a press release said. Additionally, the growing demand for energy-efficient and advanced water treatment technologies is projected to have significant growth opportunities for industrial wastewater treatment system providers in the coming years. The market report emphasizes countries like the USA, China, and India to provide opportunities for market players.

However, the high installation, maintenance and operational costs could hinder the growth of this market to a certain extent, the research company underlined. “The aging of existing water infrastructure is also one of the major challenges for the growth of the industrial wastewater treatment market.”

www.meticulousresearch.com/product/industrial-wastewater-treatment-market-5170

(Published in GLOBAL RECYCLING Magazine 2/2021, Page 4, Photo: JayMantri / pixabay.com)