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U.S. Wastewater Recovery Systems Market to witness phenomenal expansion 2018-2024

Author : Rahul Sankrityayan | Published Date : 2019-08-22 

Global Market Insights added a new report on global wastewater recovery systems marketto its research database. The report focuses on global major leading players with information such as company profiles, growth, product segment, technology segment, end user segment and region.

Wastewater recovery systems market profoundly thriving on the cusp of shifting green energy trends, has indeed registered itself as one of the integral verticals of the energy landscape. Wastewater management is being given increased prevalence to address the water scarcity issue worldwide, in response to which this business sphere is gaining considerable momentum.

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This view is backed by a non-profit organization, the Water Environment Federation (WEF), which considers that the wastewater treatment plants are not waste disposal facilities, but rather water resource recovery facilities that recovers nutrients and produce clean water. WEF further deems such facilities to have the potential to lower the dependence on fossil fuels and reduce water scarcity through the production & use of renewable energy.

Speaking along similar lines, analysts deem that changing consumption patterns, urbanization, and rapid industrialization have led to rising concerns over water scarcity and inadequate water resources. A report by UNESCO bears testament to the aforesaid statement by affirming that more than two-third of the global population currently resides in the regions where they experience water shortages for at least one month a year.

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Wastewater reuse in this regard has been recognized as an encouraging solution to cope with the problem of water scarcity around the globe – a strong driver fueling wastewater recovery systems industry growth. Having recognized the same, wastewater recovery systems industry players have been majorly investing in facility expansion & collaboration strategies to expand their global reach.

U.S. wastewater recovery systems market to emerge as one of the top-notch growth avenues

Stringent governmental norms and comprehensive legislative framework across the region to curb carbon emission and waste handling have encouraged wide scale adoption of wastewater recovery systems. Say for example, the EPA Clean Water Act that prohibits the discharge of pollutants & polluted water into the regional waterbodies without the NPDES (National Pollutant Discharge Elimination System) permit.

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Several other regulatory bodies have been taking measures toward waste handling and have also issued Effluent Guidelines for the licensing & approval of wastewater discharge. This in consequence, has impelled sizable wastewater treatment infrastructures installation in the region, in turn stimulating U.S. wastewater recovery systems industry size, projected to register a CAGR of 7% over 2017-2024.

Given the expanse of this business sphere spanning numerous geographies, analysts deem the global wastewater recovery systems market to tread along a lucrative growth path in the ensuing years. The process further playing a central role in the renewable energy future that can derive clean water, valuable chemicals from sewage, it no longer remains a supposition that the global market will establish itself as one of the most remunerative fraternities in the coming years. The worldwide wastewater recovery systems market share is forecast to surpass USD 50 billion by 2024.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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