There is a rapidly rising need for the services of water solutions firms in treating and managing water. This is due to rising populations and the tightening of environmental regulations across the world. Not just does the world need more drinking water for consumption, but it takes lots of water to manage all the livestock and crops needed to feed populations too. Aside from these issues, mining consumes huge water amounts and ends in wastewater that needs filtration to become less harmful and valuable.
What do water filtration firms have to do to grow in this type of market? Global Water Intelligence published a report that reviewed the current trends and explored, in detail, the technology gaps that are opening opportunities up for fresh solutions in every water filtration market.
- Industrial water
The industrial water market is the fastest growing aspect of the world’s water market, says the UN’s Food and Agricultural Organization. The industrial water treatment technology market alone is set to grow by over 50% through the next few years. It is estimated to expand from about 7 billion dollars to more than 11 billion dollars by the end of this year.
This industrial sector is viewed as a group that is much more dynamic than the conservative utility market. The global water technology firms will discover key opportunities within the market if, they can solve the problems that industrial water users have with quality water solutions in Australia and around the whole world. They could accomplish this via coming up with solutions that are innovative and cost-effective which, will effectively boost efficiency.
- Oil and food industries
The UN’s report also discovered that upstream gas/oil and beverage/food industries will lead the way as regards capital spending on water and wastewater treatment technologies. These three key industries will be responsible for over half the total water treatment spending. The oil industry’s market is set to double and reach 4.5 billion dollars by the end of the year, depending on the recovery of oil prices. This helps in creating opportunities for desalination technologies due to the need for enhanced oil recovery strategies. Also, it will help in handling challenging wastewater streams to obtain zero fluid discharge. In the beverage/food industry, researchers are presently developing anaerobic treatment technologies that are easier to operate yet much more efficient. This is one technology that industrial facility operators could utilize in taking advantage of gas production and decreasing energy costs.
- Water treatment technology innovations
Much of these treatment technologies’ innovation is happening in the dissolved solids elimination area. This happens to be in an attempt to enhance the reverse osmosis process’ efficiency. These technologies will try to decrease energy usage and handle the high total dissolved solids (TDS) in water or RO waste that comes from unconventional gas and oil wells. Also, there will be powerful growth in technologies which enable industrial users to utilize marginal water sources like reused wastewater. This benefits firms faced by tough discharge regulations, like miners.
Though some among these water solutions technological advancements might take a bit longer than others, they’re all certain to make the water flowing into your business or home the cleanest possible.
