Market Research Future (MRFR) has published on the “Global Recycling Water Filtration Market”.
The Recycling Water Filtration Market is estimated to register a CAGR of 8.00% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the global Recycling Water Filtration Market— Veolia (France), TORAY INDUSTRIES, INC. (Japan), Xylem (US), DuPont (US), KUBOTA Corporation (Japan), NEWater (China), Hongtek Filtration Co. Ltd. (China), Swati Water Purification (India), REE & Company Engineering Works (India), Filson Filter (China).
Recycling Water Filtration Highlights
The global Recycling Water Filtration Market is accounted to register a CAGR of 8.00% during the forecast period and is estimated to reach USD 5.36 billion by 2032.
Factors such as escalating water scarcity, population expansion, and rapid urbanization are serving as key catalysts for recycling water filtration market expansion, which are expected to drive increased demand for recycling water filtration.
Browse In-depth Details [Table of Contents, List of Figures, List of Tables] of Recycling Water Filtration Market Research Report
Segment Analysis
The global Recycling Water Filtration Market has been segmented based on Product Type, Membrane Type, Maximum Flow Rate, and End-user.
Based on the Product Type, the market is segmented into Sand Filters, Multimedia Filters, Activated Carbon Filters, and Membrane Filters. The Membrane Filters segment was attributed to holding the largest market share in 2023. Due to membrane filters' excellent filtration capability, they can eliminate numerous contaminants, including particles, microorganisms, and dissolved solids. This ensures that high-quality recycled water is produced. In addition, their small size, operation, and limited chemical use make them appealing for use in industrial and municipal water recycling projects. The emphasis on sustainable water management systems and stringent water quality requirements also contribute to the rise of membrane filters as a dependable solution for achieving effective water recycling activities.
Based on the Membrane Type, the Recycling Water Filtration Market has been segmented into Microfiltration (MF) Membranes, Ultrafiltration (UF) Membranes, Nanofiltration (NF) Membranes, Reverse Osmosis (RO) Membrane. The Ultrafiltration (UF) Membranes segment was expected to hold the largest market share in 2023 due to its ability to effectively take away suspended solids, bacteria, viruses, and different contaminants from water, providing notable recycled water output. Ultrafiltration membranes offer a sturdy solution for various programs, including commercial and municipal water recycling tasks, due to their versatility, reliability, and value-effectiveness.
Based on the Maximum Flow Rate, the Recycling Water Filtration Market has been segmented into Up to 30 Cubic Meters/Hour, 30-50 Cubic Meters/Hour, and Above 50 Cubic Meters/Hour. The Above 50 Cubic Meters/Hour segment was expected to hold the largest market share in 2023. Across giant mining operations, they treat water encumbered with heavy metals and suspended solids, facilitating reuse in activities like washing or dirt suppression, thereby minimizing water consumption and environmental effects. Large-scale food processing plants employ these filters to reclaim precious elements and deal with wastewater for reuse in sanitation and cooling processes, optimizing aid performance and reducing waste.
Based on the End-user, the Recycling Water Filtration Market has been segmented into Oil & Gas Plants, Power Generation Plants, Food & Beverage Companies, Water Desalination Plants, and Farm. The Power Generation Plants segment was expected to hold the largest market share in 2023 due to the fact that the ongoing expansion of large thermal power units, observed with the aid of continuous enhancements of their parameters and capability, has caused vast adjustments in the chemical water treatment practices of power plants. Furthermore, this shift is mainly driven by using the disturbing water high-quality requirements of excessive-parameter and big-ability devices, coupled with a growing emphasis on environmental protection. The emergence and application of modern water treatment technologies and materials offer promising prospects for the advancement of electricity plant water treatment.
Regional Analysis
The global Recycling Water Filtration Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Recycling Water Filtration Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Recycling Water Filtration Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Recycling Water Filtration Market comprises the Middle East, Africa, and Latin America.
The largest market share for the Recycling Water Filtration Market was maintained by the North American regional sector. Stringent environmental rules, corporate sustainability endeavors, current regulatory approvals, emphasizing sustainable development, and vast authorities investments showcase a thriving marketplace propelled with the aid of public acceptance of water reuse and ongoing infrastructure initiatives and the marketplace growth is driven by way of collaborative projects among the USA and Mexico in enhancing wastewater remedy infrastructure and joint efforts to cope with cross-border environmental demanding situations. In 2023, USAID will work with Congress to announce a commitment to allocate more than $700 million of these funds to assist its 22 High-Priority Country Plans below the U.S. Global Water Strategy. Technological advancements in filtration structures and value reductions make recycled water more possible and price-aggressive.
Moreover, the Europe market has been persistently growing over the forecast period. With the growing challenge of environmental sustainability, there is a growing emphasis on water conservation and reuse. Recycling water through filtration technologies aligns with these dreams by decreasing the strain on freshwater assets and minimizing wastewater discharge. According to the 2019 assessment of the EU law executed by way of the Commission, the EU's wastewater series and treatment rate is almost 100%, and over 90% of it is handled according to the high requirements envisaged in EU policies.
In the Asia-Pacific region, growing awareness amongst industries, municipalities, and consumers about the importance of sustainable water management drives the demand for recycling water filtration. The UK Govt announced an £18.5 million, five-year program to improve access to safe, dependable, and low-cost water in as many as five countries in Asia and Africa and “seed funding” for a £38 million water security program. As the market demand increase, manufacturers and provider vendors are increasing their services and investing in studies and improvements to meet the diverse needs of customers.
Furthermore, the rest of the world's Recycling Water Filtration Market is divided into the Middle East, Africa, and Latin America. The Recycling Water Filtration Market is thriving in the region due to the urgent requirement for sustainable water management. With rapid urbanization, population growth, and heightened awareness of water scarcity, countries are compelled to make significant investments in advanced water treatment technologies. The Middle East and North Africa (MENA) Region faces the highest water stress globally, with 14 out of the 17 most water-stressed countries located in this area, including the top six, according to 2018 data from the World Resources Institute (WRI). Projections from the WRI suggest that water stress levels are expected to exacerbate for most MENA countries by 2040 under a "business as usual" climate scenario.
Key Findings of the Study
- The global Recycling Water Filtration Market is expected to reach USD 5.36 billion by 2032, at a CAGR of 8.00% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market because of the significant industrial and agricultural sectors that heavily rely on water resources.
- Based on Product Type, the Membrane Filters segment was attributed to holding the largest market in 2023, with an approximate market share of 55–60%.
- Veolia (France), TORAY INDUSTRIES, INC. (Japan), Xylem (US), DuPont (US), KUBOTA Corporation (Japan), NEWater (China), Hongtek Filtration Co. Ltd. (China), Swati Water Purification (India), REE & Company Engineering Works (India), and Filson Filter (China) are the key market players.
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Companies Covered | 15 |
Pages | 128 |
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