According to the Food and Agriculture Organization, industrial water is the fastest growing industry of the global water market and industrial water filtration is a large part of that. It is anticipated to grow by more than 50% in the next five years, from $7 billion in 2015 to $11 billion in 2020.
1. The oil industry is expected to double to $4.5 billion in 2020. As a result, this will create opportunities for desalination technologies (desalination is an important part of enhanced oil recovery). It also presents a need to handle challenging wastewater streams for zero liquid discharge applications.
2. Technology suppliers in the food and beverage industry are developing anaerobic industrial water filtration treatment technologies that are more efficient and easier to operate. Additionally, industrial facility operators can use these industrial water filtration systems to take advantage of biogas production to increase energy efficiency.
3. The mining industry consistently faces competition for water resources. Additionally, they must also find a way to handle the higher volumes of wastewater. There is a large opportunity for improvement in this industry for removing cyanides from wastewater following the processing of gold ore.
4. It is reported that the majority of innovations in treatment technologies occurs in dissolved solids removal; the goal being to improve the efficiency of the reverse osmosis (RO) process by reducing energy usage. Another goal is to deal with the high TDS in RO reject water and produced water from unconventional oil & gas wells.
5. As the industrial water filtration industry grows it continues to become a large factor in other industries as well. Concerns associated with water scarcity are on the rise, and therefore industrial water filtration options become more of a prevalent topic. Industries such as chemical and pharmaceutical have started adopting more sustainable treatment practices and designs. Formerly, water treatment in these industries focused on pre-treatment requirements. Both of these industries have begun to take a different approach towards industrial water filtration within their plants. Developments in these industries are the reasons that the industrial water filtration industry is in a constant state of development and improvement.