Global Membrane Waste Water Treatment Market - Segmentation by Technology, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)
The membrane waste water treatment market is expected to grow at a healthy rate during the forecast period, 2018-2023. The membrane waste water treatment technology was introduced 50 years ago and is witnessing a great advancement, owing to lack of fresh water resources, globally. The market growth is driven due to the growing demand for low-pressure membrane technologies, stringent government laws regarding disposal limits, and the lack of freshwater resources.
Rising Demand for Low-Pressure Membrane Technology
Low-pressure membrane process is being adopted in the waste water treatment process, as a large number of applications cannot be performed through conventional processes. The demand for the low-pressure membrane in the market is growing, owing to the high level of pollution by the industrial, commercial, and residential waste. There are numerous technical innovations under progress in the low-pressure membrane processes, aimed at minimizing the energy usage and reducing the overall cost. The increase in demand for membrane waste water technology is further expected to rise due to the increasing pollutants and effluents ejected in the water by the industries. However, the growth of the market is hindered by the high cost of production and maintenance involved in membrane filtration techniques.
Municipal Sector is the Highest Growing Segment based on Usage
Due to the rising population, the increase in new diseases, awareness of health-related issues, and the increase in income are the driving factors for the growth of membrane waste water treatment market. The United States Environmental Protection Agency (USEPA) emphasizes on the improvement of water and sewage services, especially in the municipal wastewater treatment area and it also estimated a capital investment of about USD 600 billion towards its improvement for the coming two decades. Apart from the funds, the US government is also encouraging private investments in the water and wastewater treatment technology area.
Asia-Pacific to Lead the Market
China has witnessed a tremendous growth in waste water treatment, which is expected to continue to grow at very high rates. There is substantial progress in the country with respect to the treatment of the sewage water and industrial water, which are the major factors boosting the membrane waste water treatment market in the region. Other regions which are driving the waste water treatment market is North America, followed by Europe.
Key Developments in Market
October 2017: SUEZ acquired GE Water & Process Technologies and became established as the world leader on the industrial water market.
Major Players: Suez Environment, BASF SE, Veolia Water Technologies, Koch Membrane Systems Inc., and Evoqua Water Technologies LLC, among others.
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