Global sludge dewatering equipment market will exceed USD4.9 billion by 2024
According to a new research report by Global Market Insights Inc., the sludge dewatering equipment market size will exceed USD4.9 billion by 2024.
Increasing urbanisation along with growing population will drive global sludge dewatering equipment market size by 2024. Growing waste volume in municipal areas coupled with industrial waste owing to rapid industrialization will positively influence the industry outlook.
Stringent government regulations against landfilling, incineration and ocean dumping will augment sludge dewatering equipment market demand. Municipal waste remains a notable application area, Solid Waste Disposal Act, 1965 mandates disposal with the eco-friendliest way and prohibits ocean dumping of waste. Tipping and gate fees provide a positive cashflow to waste disposal units, providing an impetus to effective sludge processing.
Sludge dewatering equipment market share from screw press should witness strong growth by 2024 owing to its easy equipment maintenance, affordable pricing and ease of use are notable features which may favour the industry landscape. Centrifuge segment for 2015 was over USD800 million and is expected to witness robust growth during forecast timeline.
Sludge dewatering equipment market share from rotator disc segment is predicted to witness growth over 5% between 2016 to 2024. Increasing adoption of rotator disc equipment in municipal waste subject to its long operating life will positively influence industry growth.
Belt filter press segment is predicted to surpass USD600 billion by 2024. North America witnessed substantial increase in waste disposal infrastructure, further augmenting the sludge dewatering equipment market size. By 2016, New York State had eight dewatering plants to process municipal sludge generated across the city, favouring industry landscape.
Industrial sludge application, by 2024, is expected to surpass USD2.5 billion owing to rapid industrialization coupled with government norms towards effective disposal of industrial waste. Hazardous & Solid Waste Amendments, 1984, mandates disposal methods and necessitates landfills to install protective layers to restrict leachate from percolating and mixing up with the groundwater tables.
North America sludge dewatering equipment market will see over 3% growth by 2024 on account of increasing environmental awareness along with strict regulations to restrict improper waste disposal will further supplement industry landscape.
For Europe, Germany sludge dewatering equipment market share is set to grow over 4% by 2024. The Hazardous Waste Regulations 2005 regulates waste with hazardous potency which may have a harmful effect on environment or human health and wellbeing.
For Asia Pacific, China sludge dewatering equipment market size is expected to surpass USD400 million by 2024. Solid Waste Amendment 2004 mandates solid waste to be processed breaking down constituents and disposed separately.
South Africa sludge dewatering equipment market share is expected to grow over 6% during the forecast period. Hazardous Substances Act 1973 and the Health Act 1977 govern the solid and liquid waste disposal and regulate municipal and industrial waste to protect health and environment by providing rational measures to curb pollution and environmental degradation.