Asia Pacific power industry more willing to invest in water treatment, report finds
KUALA LUMPUR, Malaysia — Rapid urbanization, growth in industrialization and rising standards of living in the Asia Pacific have spawned a higher need for electricity, particularly in emerging countries such as Thailand and Indonesia. This growing need for power translates to investments in water and wastewater treatment (WWWT) solutions for the installation of new power plants and retrofitting of new technologies in existing plants, according to a new report from Frost & Sullivan.
The report states that the market earned revenues of $363.3 million in 2011 and estimates this to reach $477.1 million in 2016.
Water reuse and minimization in power plants are gaining currency as a viable approach to address the issue of industrial water shortage, as well as the climbing costs of water.
"The power industry is always looking for the most cost-effective technology for treating its process water and wastewater," said Frost & Sullivan Senior Consultant David Lee. "With technological advancements, the power industry, as a whole, is becoming more willing to invest in WWWT solutions."