A proposed water recycling centre at Kemps Creek will provide a water system for more than 1.5 million people expected to call Western Sydney’s new city home. If approved, the Upper South Creek Advanced Water Recycling Centre will be a high-tech plant that helps sustain Western Parkland City’s main waterway, expected to be operational by mid-2025.
The Water, Property and Housing Minister stated that the water recycling facility would be the State Government’s largest investment in water resilience in Western Sydney in more than a decade. The region is looking to the future when it comes to the way they can use water more sustainably, moving from single-use to multi-reuse, the Minister remarked. The facility would use renewable energy to harness industry-leading water recycling technology, making this a significant investment into green infrastructure.
The Minister for Western Sydney said the new plant would help deliver $10 billion in social and economic benefits in Western Sydney, through jobs and investment. He noted that in the long term, well over 1.5 million people will live and work in the new Western Parkland City. Significant investments like this will help support the entire area and bring a greater diversity of jobs closer to where people live in the west.
In 2015, the water treatment technology market size was valued at $145,082 million and is expected to witness a steady growth to reach $192,715 million by 2022, expanding at a CAGR of 4.1% over the forecast period.
Water treatment technology deals with the removal of impurities present in water during its use or storage and converts it into a usable form. The global water treatment industry is expected to witness significant growth in the coming years, owing to the rise in awareness about water scarcity, growth in innovations in water treatment technologies, investments by key market players and government in R&D in this sector.
Water resources are depleting vigorously, which in return provides wide scope for the water treatment technology market to flourish. Stringent government regulations over industrial and municipal wastewater disposal drive the growth of the water treatment technology market in the recycle and reuse procedures.
Although water is the prime necessity, the cost of water also matters which ultimately gives rise to the demand for cost-effective water treatment technologies. However, the growing population has a huge impact on this market. The rise in population and urbanization results in the generation of a massive amount of wastewater, which is recyclable; hence, the water treatment technology can convert the maximum amount of this wastewater into a usable form, thus driving the market growth.
Collectively, the impact of these factors is expected to increase significantly with the increase in awareness about the use of clean water and water recycling to cope with the depleting water resources. Major restraints for the water treatment technology market include the high cost of equipment and lack of expertise in this sector.
However, these restraints are expected to reduce with the technological advancements and vigorous R&D in this sector, thus developing highly efficient and low-cost water treatment technologies in the market.
R&D activities in the water treatment technology sector
R&D in water treatment technology is currently on a rise. An increase in these activities has resulted in the introduction of numerous new technologies in this market. This in turn increases the efficiency of water treatment technology, delivering more quality products in the market.
Growth in demand for recycling and reuse water technologies
The market is growing at a rapid rate owing to depleting water resources and rising wastewater generation. The wastewater generated can be recycled and reused for various purposes. The rise in awareness of the reuse of water results in the introduction of highly efficient technologies to utilise the available wastewater. Furthermore, the current capacity of available water recycling units is lower than the amount of wastewater generated, thus providing ample opportunity for this market.
