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"Wastewater resource recovery holds the potential to stoke cross-sector collaborations as well, since resources recovered from one sector can be used in another," said TechVision Senior Industry Analyst Jennifer Tan. "Such collaborations reduce risks in any new endeavor and lower the resistance to innovations."
Meanwhile, rising environmental concerns about pollution and depleting water sources as well as the passing of strict regulations are providing considerable impetus to technology development. Regulations regarding wastewater discharge have become more stringent in recent years, especially with regard to effluents from power plants in the United States, and the pharmaceuticals industry, in general. The need to comply with regulations and standards is motivating industries to reduce effluents and reuse their wastewaters.
Despite the cost advantage and tighter laws, lack of resources hinder technology developers in developing countries. In fact, only 8 percent of the wastewater generated in low-income countries is treated.
"Compliance with more stringent regulations often entails higher wastewater treatment costs, and developing countries may not have the resources to meet these higher effluent standards," noted Tan. "Moreover, state-of-the-art technologies too may prove inadequate in terms of cost and energy savings."
With continuous technology development, the industry will eventually be able to roll out affordable and highly efficient wastewater treatment systems. The looming water scarcity due to droughts and precipitation pattern changes due to climate change will accelerate the pace of innovation and acceptance.
Innovations in Wastewater Treatment and Its Impact on Key Sectors, part of the TechVision (Clean & Green Environment) subscription, presents an overview of the emerging and potential technologies that will meet the rising need for customized, modular and comprehensive solutions. The research gives an overview of key industry sectors, challenges and opportunities in each sector, innovation landscape and a technology roadmap until 2020. Details of important patents and industry participants are included.
Frost & Sullivan's global TechVision practice is focused on innovation, disruption and convergence and provides a variety of technology based alerts, newsletters and research services as well as growth consulting services. Its premier offering, the TechVision program, identifies and evaluates the most valuable emerging and disruptive technologies enabling products with near-term potential. A unique feature of the TechVision program is an annual selection of 50 technologies that can generate convergence scenarios, possibly disrupt the innovation landscape, and drive transformational growth. View a summary of our TechVision program by clicking on the following link: http://ifrost.frost.com/TechVision_Demo.
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Innovations in Wastewater Treatment and Its Impact on Key Sectors
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SOURCE Frost & Sullivan