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Nutrient Recovery System Market Size

  • Report ID: GMI8341
  • Published Date: Feb 2024
  • Report Format: PDF

Nutrient Recovery System Market Size

Nutrient Recovery System Market was valued at USD 4 billion in 2023 and is estimated to register a CAGR of over 12% between 2024 and 2032. Rising concerns about water quality play a significant role in driving market expansion. Equipped with excess nutrients, such as nitrogen and phosphorus, agricultural runoff endangers aquatic bodies, resulting in eutrophication. By removing these nutrients from water sources through recycling and capture, nutrient recovery systems offer a sustainable solution. The growing public awareness of environmental issues is boosting the demand for these systems to address and mitigate the harmful effects of fertilizer runoff on water quality.

 

Growing populations result in a spike in the demand for food, which intensifies agricultural methods. More intensive farming practices frequently lead to the overuse of fertilizers, leading to nutrient runoff. Nutrient recovery systems efficiently capture and recycle excess nutrients to successfully address this situation. The adoption of these systems is facilitated by the urgent necessity to manage nutrients sustainably with the increasing population and the need for improved agricultural yield.
 

Technical challenges and complexity are the major commercial barriers for nutrient recovery systems. Potential users are discouraged by the complex structure of these systems as well as the challenges associated with their installation, use, and upkeep. The major obstacles include high upfront expenses, challenges in integrating with the existing agricultural processes, and the requirement for specialized knowledge. Despite the environmental benefits of nutrient recovery systems, overcoming these hurdles prevents their broad adoption. This limits the market's ability to grow, particularly considering the need for sustainable agriculture.

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The market size of nutrient recovery system was crossed USD 4 billion in 2023 and is estimated to witness over 12% CAGR between 2024 and 2032, due to the rising concerns about water quality worldwide.

Nutrient recovery system market from the industrial end use systems segment is expected to register over 13.5% CAGR from 2024 to 2032, driven by the growing pressure on industries to adopt environmentally friendly practices.

North America accounted for over 30% share of the global nutrient recovery system industry in 2023, attributed to the growing focus on sustainable agriculture methods due to strict rules and environmental concerns.

Some of the leading nutrient recovery system providers include Clearas Water Recovery, Inc., CNP - Technology Water and Biosolids (Centrifuge-Systems, LLC), NuReSys NV, Veolia Water Technologies, Ostara Nutrient Recovery Technologies Inc., Paques BV, and Trident Processes LLC, among others.

Nutrient Recovery System Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 237
  • Countries covered: 19
  • Pages: 200
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