Water Recycle and Reuse Market

Water Recycle and Reuse Market

Water Recycle and Reuse Market is valued at USD 16.1 billion in 2023 and is projected to reach USD 27.0 billion by 2028, growing at a cagr 10.8% from 2023 to 2028. The market is mainly led by the significant usage of water recycle and reuse equipments in various end-use industries. The growing demand from the industrial sector, rising demand for recycle water, and concerns for reducing the environmental impact are driving the market for water recycle and reuse industry.

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Attractive Opportunities in the Water Recycle and Reuse Market

Market Dynamics

Driver: Increasing Water Scarcity

Water scarcity is a growing global concern that is driven by several factors. One of the primary drivers of water scarcity is population growth. As the global population continues to grow, the demand for water resources is increasing, particularly in urban areas where populations are concentrated. Another significant driver of water scarcity is climate change, which is affecting water resources around the world, leading to changes in precipitation patterns, melting of glaciers, and increasing frequency and severity of droughts and floods. Water pollution from industrial, agricultural, and domestic sources is also a significant driver of water scarcity, as pollution can contaminate freshwater resources, making them unsuitable for human consumption or other uses.

Restraint: Health and safety concerns.

The public is cautious when it comes to decisions regarding public water supply, as it directly impacts public health, environmental protection, sustainability, and future development. Thus, people are hesitant to accept new water supply methods and technologies, and closely monitor the methods employed by water management agencies. The use of recycled water for potable reuse is no exception, as the public generally distrusts wastewater treatment technology due to the sociological theory of "contagion." This theory suggests that people view anything deemed "disgusting" as permanently tainted, regardless of any subsequent purification or filtration.

Opportunity: Rising population and rapid urbanization.

The global population is increasing rapidly, and with it, comes the challenge of providing sufficient water resources to meet the growing demand. Additionally, urbanization is happening at an unprecedented rate, with more and more people living in cities and urban areas. This trend creates significant opportunities for water recycling and reuse. It is estimated by the WHO that around 40% of the global population in next few decades will live in countries facing water stress. Currently, around 19 countries can be classified as having water scarcity with total renewable water resources less than 500 m3 per capital   by 2025. The world’s population is expected to grow by 2.3 billion people between 2009 and 2050, of which 80% percent will be living in developing countries. The increase in the world’s population will also have a significant impact on water supply for food production.

Challenge: High cost and infrastructure requirements

Water recycling and reuse can face various technical and operational challenges, including the high cost and plant infrastructure challenges.

The cost of implementing and maintaining a water recycling and reuse system can be high. This is due to the need for advanced treatment technologies and extensive infrastructure, such as pipelines and storage facilities, to transport and store recycled water. Additionally, recycled water may require additional treatment to meet specific quality requirements for its intended use, which can add to the overall cost.

Market Ecosystem

The market ecosystem for water recycle and reuse is composed of a diverse array of entities and stakeholders that collectively contribute to the development, implementation, and advancement of water recycling technologies and solutions. At the core of this ecosystem are technology providers who focus on research, development, and manufacturing of water recycling equipment and systems. They continuously innovate and produce filtration systems, membrane technologies, and chemical dosing equipment to meet the evolving demands of the market.

Veolia Water Technologies(France), SUEZ Water Technologies & Solutions (France), Evoqua Water Technologies(US), Fluence Corporation Limited (US), Dow Chemical Company (US), Hitachi Ltd. (Japan), Kubota Corporation (Japan), Siemens Energy (Germany), Alfa Laval (sweden), Melbourne Water (Australia).

Water Recycle and Reuse Market Ecosystem

Source: Secondary Research, Interviews with Experts, and MarketsandMarkets Analysis

"Filtration type of equipment is the largest type for  Water recycling and reuse in 2023, in terms of value"

 The largest market share is a filtration in the global water recycling and reuse market in term of value in 2023.Additionally, the sector is anticipated to expand at the fastest CAGR.in value in 2022. Filtration stands as one of the largest and most critical types of processes in the realm of water recycle and reuse. With its primary function of removing impurities, contaminants, suspended solids, and microorganisms from water, filtration ensures that recycled water meets the required quality standards for its intended beneficial applications. It serves as a vital step in the treatment and purification process, guaranteeing the safety and reliability of the recycled water.

In water recycle and reuse systems, a wide array of filtration technologies are employed to effectively eliminate particles, sediments, organic matter, and pathogens from the water. Filtration holds the responsibility of producing high-quality recycled water that meets the stringent standards necessary for diverse applications. With its pervasive influence and vital role in the water recycling industry, filtration unquestionably stands as the largest and most significant type of process within this sector.

"Industrial was largest end-use industry for Water recycling and reuse market in 2023, in terms of value"

The industrial sector, by end use, accounted for the largest market share in the global Water recycling and reuse market, in terms of value, in 2023. However, the industrial sector is projected to grow at the highest CAGR in value during the forecast period. The industrial sector plays a significant role in boosting the demand for water recycling due to several key factors: Water Scarcity and Resource Constraints, Resilience and Risk Mitigation and Regulatory Compliance. The industrial sector is driven to adopt water recycling technologies and practices to address water scarcity, comply with regulations, achieve cost savings, align with sustainability objectives, mitigate risks, and meet stakeholder expectations. These factors collectively contribute to the increasing demand for water recycling in industrial operations

"Asia Pacific was the largest market for water recycle and reuse in 2023, in terms of value."

In terms of value, Asia Pacific dominated the worldwide water recycle and reuse industry in 2023. The largest market in the Asia Pacific region is China. Given the sizeable industrial and commercial sectors, rising population, and urbanisation, it is anticipated to experience the largest growth during the projected period. The major players operating in the Asia Pacific region include Veolia Water Technologies, Fluence Corporation Limited among others.

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Water Recycle and Reuse Market Industry Players

The key players in this market  Veolia Water Technologies(France), SUEZ Water Technologies & Solutions (France), Evoqua Water Technologies(US), Fluence Corporation Limited (US), Dow Chemical Company (US), Hitachi Ltd. (Japan), Kubota Corporation (Japan), Siemens Energy (Germany), Alfa Laval (sweden), Melbourne Water (Australia). Continuous developments in the market—including new product launches, mergers & acquisitions, agreements, and expansions—are expected to help the market grow. Leading manufacturers of water recycle and reuse have opted for new product launches to sustain their market position.

Read More: Water Recycle and Reuse Companies

Water Recycle and Reuse Market Report Scope

Segmentation

This report categorizes the global water recycle and reuse market based on equipments, capacity, end use and region.

On the basis of equipments, the market has been segmented as follows:

• Filtration.
• Machinery.
• Tanks.
• Pipes & Drains.
• Others.

On the basis of Capacity, the water recycle and reuse market has been segmented as follows:

• <25,000L,
• 25,001 TO 50,000 L.
• 50,001 L TO 100,000 L.
• > 100,001 L.

On the basis of End use industry, the water recycle and reuse market industry has been segmented as follows:

• Industrial.
• Commercial.
• Residential.

On the basis of region, the water recycle and reuse market has been segmented as follows:

• Asia Pacific
• Europe
• North America
• Middle East & Africa
• South America

Recent Developments

• In 2020 Veolia group acquired 30% shares of Suez's capital from Engie to enhance its water business segment in France.
• SUEZ owns a 50 % stake, signed at the very end of 2022 a new 10-year contract with the newly established voluntary association of municipalities "Spolecná voda". With a cumulative turnover of 200 million euros, this contract covers the treatment and distribution of drinking water and the collection and treatment of wastewaterFluence Corporation Limited announced that it had secured a contract to deliver a seawater desalination plant for the Egyptian General Petroleum Corporation (EGPC) in Egypt. The plant will be designed to produce up to 12,000 cubic meters of potable water per day.
• In 2022, Evoqua water technologies has purchased the remaining equity of San Diego-based Frontier Water Systems, LLC. Evoqua initially announced its majority investment position in Frontier Water SystemsIn July 2022, Veolia Water Technologies announced its partnership with TotalEnergies and will build the largest photo voltaic (PV) system in Oman to power a desalination plant.
• In 2021, Fluence Corporation acquired MABR technology from RWL Water Group. MABR is a wastewater treatment technology that uses less energy and reduces the carbon footprint compared to traditional wastewater treatment methods.

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