Unclean water creates a public health crisis. Episodes like the one in Flint, where the city moved off of treated water to river water, highlighted the value of effective water treatment to the nation. So it is no surprise that wastewater treatment, as an industry, will likely be worth $211 billion by 2025. If you’re interested in the water treatment industry outlook, read on for two factors affecting this growth.
Advances in Technology
Water treatment has improved through new membrane materials that are effective and efficient at filtering water. More importantly, these technologies, like ceramic and polymeric membranes, are more affordable than ever. Because they don’t require extreme heat or additional chemicals, these effective filters keep the cost of water treatment low.
In addition, rain harvesting and stormwater retention have become viable sources of water for communities through technological advances. Cities are rewriting what water infrastructure looks like.
In addition to lower costs, the water treatment industry outlook is positive because of increasing demand. Flint was the perfect reminder of why water treatment is not a negotiable cost. Regulations are becoming more demanding and communities are more concerned about clean water. At the same time, populations continue to grow, requiring new water resources to meet demand.
Coupled with water treatment insurance, innovation and increasing demand means that the water treatment industry outlook is bright.