The Membrane Filtration Systems Market is experiencing significant growth as industries and communities recognize the vital role of efficient water treatment and purification processes. Membrane filtration, a cutting-edge technology, has emerged as a reliable solution for removing impurities and contaminants from water and other liquids.
The market for membrane filtration systems is anticipated to reach a value of USD 24.6 billion by 2032, at a CAGR of 6.4% from 2022 to 2032, from an estimated USD 16.8 billion in 2022.
According to the report, the rapidly growing dairy industry, stringent regulations for water safety & filtration, and rising demand for premium alcoholic drinks products are some factors driving the growth in the membrane filtration systems market. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.
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Key Research Findings
- Asia Pacific is a crucial market. The market is empowered mainly by increasing use of membrane filtration systems at water treatment plants across this region
- Membrane filtration systems market will gain in response to the expansion of the bio-based pharmaceutical market
- Membrane filtration systems are commonly used for wastewater purification and for sterilization, concentration processes and separation in food & beverage sectors
- China accounts for the largest share in the Asia Pacific market
- Population growth in China has spurred the need for purification technologies to ensure the availability of healthy drinking water and hygienic food and dairy products
It includes in-depth insights into the membrane filtration systems market. Some of these are:
- The estimated value of the market was at US$ 14.5 Bn in 2020. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
- By application, the water & wastewater segment is projected to account for the largest share in the market.
- During the forecast period, the segment of tubular systems in the membrane filtration systems market for food and beverages is projected to show faster growth.
- Asia Pacific is estimated to dominate the market.
- Increasing strict government regulations for water safety and filtration are major factors expected to drive growth of the global membrane filtration systems market.
- However, the high flow rates used in cross-flow feed can damage shear sensitive materials is expected to restrain growth of the global membrane filtration systems market. In addition, high equipment cost may hamper the market growth to a certain extent.
- In terms of membrane material, polymeric and ceramic are two key segments in the market.
“The increase in demand for dairy products, government support for membrane filtration systems technology in water purification, the growth in the purchasing power of the middle-class community for quality goods and the increase in the consumption of functional food are some of the important factors that are projected to drive demand for membrane filtration systems technology in Asia Pacific,”said a lead analyst at FMI.
Despite Focus on Healthy Diet, Changes in Consumption Pattern Due to COVID-19 Outbreak will Impact Growth
The coronavirus outbreak had a considerable impact on the consumption pattern of buyers. The focus on health and hygiene products and the rise in demand for healthy organic food are indicative of key shifts in consumer behavior. This will invariably impact growth forecasts for the market. However, top companies in the membrane filtration systems market expect supply chain and cash flow disruptions to remain the biggest hurdles even in the post-lockdown situation. Following the coronavirus outbreak, companies operating in this market are under pressure to deliver products to the market in time. These developments could have a significant impact on the market.
Who is Winning?
The leading players in the membrane filtration systems market include Porvair Filtration Group, Pentair Plc., Prominent GmbH, SPX Flow, Inc., Veolia, Koch Membrane Systems Inc, 3M Company, Pall Corporation, GEA Group AG, Alfa Laval AB, Suez Water Technologies and Solutions and DowDuPont. These players are expanding their presence across various geographies and entering new markets in developing regions to expand their customer base and strengthen their presence in the market. The companies are also introducing new innovative products in the market to cater to the growing consumer demands.
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MEMBRANE FILTRATION SYSTEMS MARKET SEGMENTATION
Application
- Water & Wastewater
- Food & Beverages
Module Design
- Spiral Wound
- Tubular Systems
- Plate & Frame
- Hollow Fiber
Membrane material
- Polymeric
- Ceramic
Technique
- Reverse Osmosis(RO)
- Ultra filtration (UF)
- Microfiltration(MF)
- Nano filtration(NF)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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