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Growth expected for global water market and wastewater recovery

According to forecasts, Global Water Intelligence projects the global water market to reach $914.9 billion by 2023, and Global Market Insights reports wastewater recovery systems market to exceed $50 billion by 2024.

Europe’s wastewater recovery systems market is anticipated to grow by more than 6% by 2024, also due to increasing regulations. For example, the EU Water Framework Directive focuses on the '3-Rs' approach to reduce, reuse and recycle.

Rising investments towards a green industrial infrastructure will aid the expansion of this market in Saudi Arabia. Innovations in areas such as multimedia filtration will also boost the market by providing high-quality water treatment at a faster rate.