ADVANCED OXIDATION TECHNOLOGIES MARKET ANALYSIS

Market Challenges And Opportunities

Global Advanced Oxidation Technologies Market- Drivers

• Increasing Water Pollution Concerns: Water pollution is a major global concern and a significant driver for the growth of the decentralized water treatment market. Over 80% of the wastewater produced by society, according to the UN, returns to the environment untreated or repurposed. Water contamination is a result of the dangerous pollutants that are frequently present in this untreated wastewater. This has led to an increased demand for decentralized water treatment systems in India. In China, the government has launched the "Water Ten Plan" to tackle water pollution. The plan aims to treat more than 95% of urban sewage by 2020, providing a significant opportunity for the growth of the decentralized water treatment market.
• Growing Focus on Public Health and Safety: The need to ensure clean and safe drinking water supplies is a significant driver for AOTs in the municipal water treatment sector. AOTs can effectively remove contaminants and disinfect water, providing a reliable solution for improving public health and safety.

Global Advanced Oxidation Technologies Market- Opportunities

• Emerging Contaminant Removal: The process of removing new contaminants that are not often monitored but have the potential to infiltrate the environment and have known or suspected detrimental impacts on human health, the environment, or both is known as emerging contaminant removal. Pharmaceuticals, personal hygiene items, insecticides, industrial chemicals, and other substances are some of these pollutants.Possibilities for New Contaminant Removal. Emerging pollutant removal technologies are in high demand due to global government rules and requirements for water and wastewater treatment. The U.S. Environmental Protection Agency (EPA), for instance, has identified a number of developing pollutants that require oversight and management.
•  Decentralized Water Treatment: Decentralized water treatment refers to the process of treating water at or near its source, rather than relying on large centralized treatment plants. This approach is gaining popularity due to its potential to provide a more sustainable, resilient, and cost-effective solution for water management. Companies like Fluence Corporation and Veolia, leading players in the water and wastewater treatment market, are investing heavily in the development of advanced decentralized water treatment solutions. For instance, Fluence Corporation has developed a range of decentralized water treatment products that are designed to provide fast-to-deploy, cost-effective, and reliable treatment solutions. In 2020, the Asian Development Bank (ADB) approved a $127.8 million loan to support the construction of water supply and sanitation infrastructure in the peri-urban areas of the Yangon Region in Myanmar, which includes the development of decentralized water treatment systems.

Global Advanced Oxidation Technologies Market- Restraints

• Stringent environmental regulations: Stringent environmental regulations are laws and standards implemented by governments and international bodies to protect the environment and control the impact of industries on the environment. The Clean Air Act in the United States, enforced by the Environmental Protection Agency (EPA), sets limits on certain air pollutants, including setting standards for emissions from industrial facilities. Non-compliance can result in heavy fines. According to the EPA, in 2020, they settled cases with 189 entities for Clean Air Act violations, with civil penalties totaling over $25 million. .These stringent environmental regulations have led industries to adopt cleaner technologies and practices, driving the demand for solutions such as advanced oxidation technologies, waste-to-energy technologies, and carbon capture and storage technologies.