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According to BCC Research in its report titled Water Recycling and Reuse: Technologies and Materials (RGB-331), the total value of the U.S. water recycling and reuse industry was $2.2 billion in 2005. By 2010, total market revenue will reach $3.3 billion at an average annual growth rate of 8.8 percent.
Such a growth rate reflects the fact that significant innovation is still occurring, making technologies more accessible to a greater number of potential buyers, as well as the fact that the underlying market is heading into a replacement phase. While landscape and agricultural irrigation make up the largest share of total water reuse, the industrial market is expected to grow the most quickly, at 14.2 percent.
The report claims that the amount of water reused in the U.S. across all applications will grow at an annual rate of 11.1 percent through 2010. Droughts, stringent EPA regulations on waste and potable water, increased public awareness, and upcoming replacements of current wastewater systems will largely influence the growth of the recycling and reuse industry in the coming years.