Population growth to drive global water recycle and reuse market, says new report
October 21, 2015 By Ground Water Canada
Albany, NY – In the coming decade, as the global population swells further, it is only going to create larger problems related to water shortage, says new research from Transparency Market Research.
Several countries, especially developing ones, are reaching the threshold of water supplies in addition to existing draught conditions, says a report entitled “Water Recycle and Reuse Market: Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2015-2023.” In times like these, the global water recycle and reuse market has been proliferating with its innovative approaches and solutions. This market is significantly driven by the growing need of water in agriculture, industrial and commercial zones, and domestic purposes.
However, environmental and socioeconomic factors are also influencing the expansion of this market, it said. Recycling and reusing water protects the environment and enhances public health.
Recycling and reusing suffers from certain technical barriers along with a bottleneck due to the poor financial support systems for it, and the negative perception it comes with, the report says. Recycled water is majorly reclaimed for applications such as industrial, agriculture, urban, environmental, and recreational uses. Currently, major regions in the world such as Asia Pacific, Latin America, North America, and the Middle East and Africa are taking up the task of installing systems for water recycling.
The report predicts commercial and industrial users will remain major consumers of recycled water. Companies offering installation or sale of membrane filtration systems are expected to change the scenario of the global water recycle and reuse market, it says.
It forecasts that water recycling and reusing will improve ground water supplies and recycling of water will help restore ecosystems.
Water recycling and reuse offers tremendous advantages not only as a dependable source of water for non-potable use, but also because it can be sourced locally through these systems.
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