Increasing demand for water purification systems due to deteriorating water quality, growing awareness about waterborne diseases, and rising urbanization and industrialization in developing regions to drive global membrane element market through 2024
According to TechSci Research report, “Membrane Element Market By Configuration, By Membrane Type, By Application, By Region, Competition, Forecast & Opportunities, 2014 – 2024’’, membrane element market, globally, is projected to reach $ 6.82 billion by 2024, on the back of hasty population growth, increasing disposable income and rising urbanization. Rapid industrialization in developing regions is resulting in the contamination of water bodies and deterioration of the quality of surface and ground water. Moreover, increasing incidences of waterborne diseases and rising consumer awareness about the benefits of water purification systems are expected to fuel global membrane element market during the forecast period. Additionally, growing implementation of water-related standards & regulations by governments across the globe is expected to bolster the demand for membrane elements.
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Based on membrane type, global membrane element market has been segmented into reverse osmosis, ultrafiltration, microfiltration and nanofiltration segments. Reverse osmosis segment accounts for the largest market share, owing to its characteristics of removing germs and harmful bacteria, unwanted metals salts and other dissolved impurities from drinking water. Based on configuration, global membrane element market has been classified under spiral wound, plate & frame and others. Spiral wound configuration is widely used and is expected to hold the majority market share in coming years, on the back of its high packaging density, which filters out all the sulfates.
Europe and North America are relatively matured markets for membrane elements when compared to other regions, backed by strict pollution norms and strong research & development on water filtration technology in the regions. Water treatment plants are being established across the world. However, factors like rising population, urbanization and increasing consumer disposal income in Asia-Pacific are anticipated to catalyze the demand for quality water from various end use industries in the region. Additionally, infrastructure growth in the Asia-Pacific region is significantly high, which is resulting in huge demand for water in the region. Consequently, the region is anticipated to witness surge in the number of wastewater and water treatment facilities, which would further fuel demand for membrane elements in Asia-Pacific during forecast period.
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“Globally, use of purified water in food & beverages sector is enhancing the demand for industrial water purification units. Moreover, demand for membranes as a component in medical applications such as medical devices and implants, drug delivery systems, diagnostic assays and in processes such as removal of toxins from blood is growing across the globe. Leading companies such as Dow Water and Process Solutions, along with regional companies such as Axeon Water Technologies, have launched membrane elements that are used in the medical sector.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Membrane Element Market By Configuration, By Membrane Type, By Application, By Region, Competition, Forecast & Opportunities, 2014 – 2024” has evaluated the future growth potential of membrane element market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers to take sound investment decisions. Besides, the report also identifies and analyses the emerging trends along with essential drivers, challenges and opportunities in global membrane element market.
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