Membrane Filtration Technologies Market to be Worth $22.2 Billion by 2030
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Membrane Filtration Technologies Market to be
Worth $22.2 Billion by 2030
|
Meticulous Research®—a leading global
market research company, published a research report titled, ‘Membrane Filtration Technologies
Market by Type (Reverse Osmosis, Ultrafiltration,
Microfiltration, Nanofiltration), Construction, Membrane Material (Polymeric,
Ceramic), Sector (Municipal, Residential, Industrial) - Global Forecast
to 2030.’
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According to this latest publication from
Meticulous Research®, the membrane filtration technologies market is projected to
reach $22.2 billion by 2030, at a CAGR of 6.9% during the forecast period. The
growth of the membrane filtration technologies market is driven by the growing
need for water reclamation and reuse technologies, the high consumption of
water in the food & beverage processing industry, and the increasing
prevalence of waterborne diseases. However, high installation, maintenance,
and operating costs and a lack of awareness of using water treatment
techniques restrain the growth of this market.
The growing demand for energy-efficient and
advanced water treatment technologies is expected to create growth
opportunities for the players operating in the membrane filtration
technologies market. However, retrofitting membrane filtration technologies in
existing infrastructure poses a major challenge for market growth.
Meticulous Research® has segmented
this market based on type, construction, membrane material, sector, and
geography for efficient analysis. The study also evaluates industry
competitors and analyzes the market at the regional and country levels.
Based on type, in 2023, the
reverse osmosis segment is expected to account for the largest share of the
membrane filtration technologies market. The large market share of this
segment is attributed to the increasing demand for low energy-consuming water
treatment processes and increasing use of alternative water source treatments,
including desalination plants and wastewater recycling.
Based on construction, in 2023, the spiral
wound membrane segment is expected to account for the largest share of the
membrane filtration technologies market. The large market share of this
segment is attributed to the increasing demand for spiral wound membranes as
they are cost-effective solutions available for the filtration process and
rising the demand of spiral wound membranes across various sectors such as
food & beverage, water & wastewater, residential, municipal, and
industrial sectors.
Based on membrane material, in 2023, the
polymeric segment is expected to account for the largest share of the membrane
filtration technologies market. The large market share of this segment is
attributed to the increasing demand for polymeric membranes across various
sectors such as food & beverage, chemical, and water & wastewater
treatment, as they are cost-effective, have high selectivity, and are simple
to prepare and operate.
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Based on sector, in 2023, the
municipal segment is expected to account for the largest share of the membrane
filtration technologies market. The large market share of this segment is
attributed to the growing need for membrane filtration technologies for water
and wastewater treatment across the municipal sector.
Based on geography, in 2023,
Asia-Pacific is expected to account for the largest share of the membrane
filtration technologies market. The large market share of this segment is
attributed to the rapid growth of industrialization, advances in membrane
technology, increased environmental deterioration, and declining availability
of clean water.
Key Players:
The key players operating in the membrane
filtration technologies market are 3M Company (U.S.), GEA Group
Aktiengesellschaft (Germany), Pall Corporation (U.S.), Veolia Water
Technologies, Inc. (France), Koch Separation Solutions (U.S.), Alfa Laval AB
(Sweden), DuPont de Nemours, Inc. (U.S.), Synder Filtration Inc. (U.S.),
ProMinent GmbH (Germany), Pentair plc (U.S.), Porvair Filtration Group (U.K.),
Advantec MFS, Inc. (U.S.), Thermax Limited (India), Suez SA (France), and SPX
Flow, Inc. (U.S.).
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Key questions answered in
the report-
· Which are
the high-growth market segments in terms of type, construction, membrane
material, sector, and geography?
· What is
the historical market for membrane filtration technologies across the globe?
· What are
the market forecasts and estimates for the period 2023–2030?
· What are
the major drivers, restraints, and opportunities in the membrane filtration
technologies market?
· Which are
the major players in the membrane filtration technologies market, and what
market share do they hold?
· How is the
competitive landscape?
· What are
the recent developments in the membrane filtration technologies market?
· What are
the different strategies adopted by the major players in this market?
· What are
the geographic trends and high-growth countries?
· Which are
the local emerging players in the membrane filtration technologies market, and
how do they compete with the other players?
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