Zero-liquid discharge (ZLD), an approach to wastewater treatment that prevents any liquid waste from flowing out of a power plant or factors, will grow at a 12% annual rate into a US$2.7 billion market in 2030. The market will be boosted by technology innovations, rising water cost, and regulations due to growing concerns over surface water contamination, according to Lux Research. "Leading ZLD providers such as GE, Veolia, and Aquatech International have a large chunk of the market, but startups with emerging technologies are addressing cost and energy issues to enable even wider adoption," said Abhirabh Basu, Lux Research Associate and lead author of the report titled, 'Assessing Opportunities in the Fast-Growing Zero Liquid Discharge Market'. "Advanced thermal system providers, innovative membrane distillation systems, and a group of emerging forward-osmosis startups promise to dramatically reduce the overall cost of running ZLD," he added. Lux Research compared water treatment and management technology companies on the Lux Innovation Grid, rating them on technical value, business execution, and maturity. Among their findings: Read the article online at: https://www.hydrocarbonengineering.com/the-environment/02032017/zero-liquid-discharge-market-to-reach-us27-billion/ In this webinar, Dynamics Scientific will discuss their COMPACS System, which allows you to achieve optimal reliability through real-time monitoring of vibration as well as other parameters. Register for free today » GlobalData has reported that the US oil and gas industry saw a drop of 28.2% in deal activity in February 2020. Embed article link: (copy the HTML code below):
The zero-liquid discharge (ZLD) market is set to grow at an annual rate of 12% and be worth $2.7bn by 2030, according to Lux Research. The expansion of ZLD technology, which stops liquid waste issuing from power plants or factories, will be because of greater use in China and India and technical innovation in the sector, as well as increased regulations against ground water contamination and the rising cost of water. The report also highlighted the impact of innovative start-ups that were "addressing cost and energy issues" and disrupting rivals such as Veolia and Aquatech.