The global Membrane Filtration Systems Market is valued at USD 16.8 billion in 2022 and is projected to reach USD 24.6 billion by 2032, at a CAGR of 6.4% between the projected period.
Membrane filtration systems are commonly employed for concentration processes, wastewater purification and for sterilization, and separation in the food & beverage sectors. Due to the rising consciousness among consumers about safety and filtration processes, the demand for membrane filtration systems is proliferating.
Additionally, advances in membrane filtration systems technologies, growth in the bio-based pharmaceutical market, high growth in the dairy-oriented industry, and rapid development in generic food production are the key factors that are moving the membrane filtration systems market.
The future prospects for market growth are expected to be the purification of wastewater, recycling of used water, and separation of initial ingredients in pharmaceutical synthesis. The Membrane Filtration Systems manufacturers will profit significantly in response to the expansion of the bio-based pharmaceutical market. Expensive setup costs for membrane filtration systems are, however, a restraining growth factor.
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“Manufacturers of membrane filtration systems would gain significant profits by targeting the food & beverage industry. Rising transparency in the food industry would serve as a driving force for sales of membrane filtration systems, technological advancement, new product developments, and production capacity expansion must be adopted by market players,”-Nandini Roy Choudhury, Client Partner at Future Market Insights
Key Takeaways from Market Report
- The major functions of membrane technology in the food industry include standardization, fractionation, desalination, concentration, and clarification or separation.
- Cost reduction characteristics of membrane filtration and rising demand for good quality membrane-filtered food are the latest trends boosting the Membrane Filtration Systems Market.
- Within the Membrane Filtration Systems Market, the Asia Pacific region holds more than 30% of the market share dominated by China and India.
- India is envisaged to be the fastest-growing region for Membrane Filtration Systems Market for the food & beverage industry during the forecast period.
- Reverse osmosis (RO) technology is experiencing remarkably high demand among techniques available in the market for water purification purposes. RO held 43% of membrane filtration systems industry in 2021. Reverse Osmosis accounted for the largest market share and is expected to grow at a CAGR of 6.8% during the assessment period.
- The other application of membrane filtration systems is Water & Wastewater, which accounted for the larger market share and is projected to grow at a CAGR of 7.4% during the forecast period. Water and wastewater treatment have a wide range of engagements in both industrial and municipal sectors.
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Competitive Outlook
Key players operating in the global Membrane Filtration Systems Market are Koch Membrane Systems, 3M Co., GEA Group, The Wabag Group, Dow Co., Cytiva, Porvair, and Veolia Water Technologies.
These companies follow a range of approaches like joint research and development, product launches, event collaborations, and acquisitions to the dominant global realm of the Membrane Filtration Systems Market.
The membrane filtration systems market is consolidated as the majority of the membrane filtration technologies are being produced by the global key players in and around developed regions. Moreover, Asia-pacific has some emerging small players due to the rise of awareness, making the overall membrane filtrations market expand.
The global membrane filtration systems market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
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)
Region:
- North America
- Latin America
- Europe
- Asia
- Oceania
- MEA
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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