Global Membrane Element Market is Expected to Register a Significant CAGR during the coming Years 2024-2028F
Growing
awareness about safe & pure drinking water and stringent government
regulations are likely to propel the global membrane element market during
2024-2028F
According to
TechSci Research report, “Membrane Element Market – Global Industry
Size, Share, Trends, Opportunity, and Forecast, 2028F”, the
global membrane element market is predicted to proliferate during the forecast
period 2024-2028F owing to increasing investments in the water & wastewater
treatment industry and strict government policies regarding water treatment
among others across the globe.
An element of a
water treatment facility is called a membrane which helps to remove solid or
dissolved matter from water. Membrane element can be used to filter out
particles with a diameter as small as 0.1 micrometers. They are often used in
combination with different types of water treatment machinery, including
sedimentation tanks and sand filters.
The existence
of human life depends on having access to freshwater for drinking. Additionally,
with rapid growth of population, water situation is anticipated to become worse
in the coming years. Technology developments have eased the stress on the
globe's freshwater resources. Using this technique, it is now possible to
transform seawater into drinking water. These technology-based
desalination facilities are now a blessing for individuals and nations with
scarce water supplies. For instance, in regions such as the Middle East and
Africa, desalination facilities are heavily relied upon by people for various
purposes, including farming, industry, and daily needs. Additionally, a growing
number of household water purifiers based on this technology have a
considerable impact on consumption.
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The
global membrane element market is segmented into configuration, membrane type,
and application. Based on the configuration, the market is segmented into spiral
wound, plate & frame, and others. Based on membrane type, the market is
segmented into reverse osmosis, ultrafiltration, microfiltration, and nanofiltration.
Based on application, the market is segmented into residential, industrial, and
commercial. The market analysis also studies the regional segmentation to devise
regional market segmentation, divided among North America, Europe,
Asia-Pacific, South America, and Middle East & Africa.
Based on membrane type, the
global membrane element market is segmented into reverse osmosis,
ultrafiltration, microfiltration and nanofiltration. The reverse osmosis membrane-type segment is
expected to rise in the coming years. The reverse osmosis membrane is widely
used because it is a cost-effective membrane as compared to others. As a
result, it is highly adopted in water & wastewater treatment. Additionally,
the main goal of membrane elements is to shield people from infections and
illnesses that are transmitted by water. Additionally, the best way to get rid
of harmful chemicals such as chlorine, disinfection byproducts, and heavy
metals from water is by using a membrane element.
Based on application, the global membrane element
market is segmented into residential, industrial, municipal, and commercial. The
municipal application segment is expected to rise in the coming years due of
the stringent guidelines that regulatory authorities have established for the
disposal of wastewater, municipal segment is utilizing membrane element more
frequently. Membrane elements are being adopted by the municipal sector in
emerging economies as a result of the countries' growing population and
declining freshwater resources. The
increased need for the municipal segment to remove suspended particles, organic
waste, pathogenic bacteria, and micropollutants from municipal wastewater has
led to an increase in the use of membrane elements in the coming years.
Therefore, the global membrane element market is likely to propel during the
2024-2028F.
Key market players in the global membrane element
market include:
·
Dow Water and Process
Solutions Inc
·
Toray Industries Inc
·
Veolia USA Inc
·
Nitto Denko Corporation
·
Danaher Corporation
·
Alfa Laval Corporate AB
·
Applied Membrane Inc
·
Koch Membrane Systems
Inc
·
Toyobo Co. Ltd
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“The global membrane element market
is expected to boost in the coming years owing to rising concerns about fresh
& clean water, increasing investments in the water & wastewater
treatment industry, growing demand from the chemical industry, and strict
government policies regarding water treatment across the globe. Various mergers
and acquisitions between the major market players help to drive the global
membrane element market. For instance, the reverse osmosis (RO) membrane product
line from LANXESS was successfully acquired by SUEZ SA. With this acquisition,
SUEZ expanded its offering with new RO membrane technology. As a result, the
Water Technologies & Solutions division will be better able to serve
clients and be able to provide them with additional assistance with water
treatment. Furthermore, various major market players have launched new products.
In order to effectively handle industrial waste streams, KOCH Separation
Solutions recently introduced a new technology to their tubular membrane lineup
called INDU-COR HD (High Density). Crossflow filtration is more space- and cost-efficient
because of INDU-COR HD's 300% higher packing density than normal INDU-COR. The
new product configuration increases operating effectiveness and sustainability
while decreasing customer expenses for waste treatment. Therefore, the global membrane element market is expected
to grow in the coming years as well,” said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based global management consulting firm.
“Membrane Element Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast, 2018-2028FSegmented By Configuration
(Spiral Wound, Plate & Frame & Others), By Membrane Type (Reverse
Osmosis, Ultrafiltration, Microfiltration, & Nanofiltration), By
Application (Residential, Industrial, Municipal & Commercial), By Region, Competition”, has
evaluated the future growth potential of membrane element and provides
statistics and information on market structure, size, share, and future growth.
The report intends to provide cutting-edge market intelligence and help decision-makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the global membrane element market.
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