Rapid Industrialization to Drive Global Membrane Element Market till 2024
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, “Global
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.
Browse 19 market data Tables and 144 Figures
spread through 159
Pages and an in-depth TOC on "Global Membrane
Element Market"
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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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