Industrial Wastewater Treatment Market to be Worth $77.6 Billion by 2027, Growing at a CAGR of 7.2% From 2020- Exclusive Report by Meticulous Research
REDDING, Calif., May 14, 2021 /PRNewswire/ -- According to a new market research report, "Industrial Wastewater Treatment Market by Treatment Technology (Membrane Separation, Activated Sludge, Clarification, Membrane Bioreactor, Sludge Digestion), and Application (Manufacturing, Power, Energy, Mining) - Global Forecast to 2027", published by Meticulous Research, the market is expected to reach a value of $77.6 billion by 2027, at a CAGR of 7.2% during the forecast period of 2020-2027.
Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5170
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. Additionally, the growing demand for energy-efficient and advanced water treatment technologies is expected to provide significant growth opportunities for industrial wastewater treatment system providers in the coming years.
However, the high installation, maintenance, and operational costs are expected to hinder the growth of this market to a certain extent. The aging of existing water infrastructure is also one of the major challenges for the growth of the industrial wastewater treatment market.
Growing focus on industrial wastewater treatment in countries like the U.S., China, and India to provide opportunities for market players
Wastewater discharges from industrial sources may contain pollutants at levels that could affect the quality of receiving waters or interfere with Publicly Owned Treatment Works (POTWs) that receive those discharges. Water pollution in the U.S. is a growing problem with the development of mechanized agriculture and mining. However, laws and regulations are put in place to improve water quality in many water bodies. For instance, the U.S. Environmental Protection Agency (EPA) issues industrial water pollution control regulations, also called effluent guidelines and standards, for industrial water discharges to surface waters and publicly owned treatment works. These guidelines, issued under the Clean Water Act, prevent more than 700 million pounds of pollutants from discharging into U.S. waters each year.