According to the Global Water Recycle and Reuse Market 2015-2019 report, the water reuse market is expected to have considerable growth over the next four years. The report, released this month, anticipates growth in recycled water production and use across all market sectors, including commercial, residential, and municipal, agricultural, and industrial. Across all sectors, the report anticipates recycled water production to grow at a compounding annual growth rate of 22%. [1]
Growing water scarcity is categorized as a key driver to market growth.[1] Pr Newswire was quoted to say that: “Growing population, increasing per capita consumption of water, and urbanization are the main reasons for the growing water scarcity worldwide.”[2] Recent polling suggests that public opinion is also shifting toward a much greater acceptance of water reclamation and reuse. Many water-starved communities are starting to get passed the “yuck factor” and beginning to see water reclamation as a legitimate and safe water management strategy.
The report highlights two main market segments that will benefit from or be affected by this market growth:
- Technology (conventional water treatment techniques, membrane filtration, MBR technologies, and chemical treatment and disinfection technologies); and,
- Application (industrial, agricultural, and domestic and commercial).[1]
Growth in this market will undoubtedly lead to new innovative solutions, and further incent more widespread adoption of water reclamation and reuse across the country. The water chemical treatment market alone is projected to rise nearly 3.2% each year – reaching over $7 billion by 2019. Across all segments, revenue increases are expected at 19% compounding annual growth.[2]
To read more about the Global Water Recycle and Reuse Market 2015-2019, please visit: http://www.reportsnreports.com/reports/407795-global-water-recycle-and-reuse-market-2015-2019.html
Sources
- Research report explores the water recycle and reuse market 2015
- Water Recycle Market and Water Reuse Growth
[1] Danny Max, WhaTech. “Research report explores the water recycle and reuse market 2015.” http://www.whatech.com/market-research/green-technology/81235-research-report-explores-the-water-recycle-and-reuse-market-2015
[2] PR Newswire, PR Newswire. “Water Recycle Market and Water Reuse Growth at 22% CAGR (Volume) and 19% CAGR (Revenue) Forecast to 2019.”http://www.prnewswire.com/news-releases/water-recycle-market-and-water-reuse-growth-at-22-cagr-volume-and-19-cagr-revenue-forecast-to-2019-521062841.html