BOSTON — The market for advanced municipal wastewater treatment represents a $27.8 billion market as cities the world over seek to either replace old or add new facilities to process an additional 4.3 billion gallons a day, according to a Lux Research report.
Of the projected capital expenditure in 2012, $22.3 billion is in the developed world and $5.2 billion is in the developing world.
An overwhelming 94 percent of the internationally accessible market is made up of old facilities that need refit or replacement, according to the report, titled "Sizing Up Advanced Municipal Wastewater Treatment."
"Solving the most pressing problems in wastewater treatment will require technologies that are not just effective, but also affordable to the rapidly growing market in the developing world," said Brent Giles, Lux Research Senior Analyst and the author of the report. "With an ever-growing installed base, technologies that don''t make use of existing infrastructure must be truly spectacular to survive -- and some just might fit that bill."