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Technavio’s market research analyst predicts the global liquid macrofiltration market to grow steadily at a CAGR of around 5% by 2021. One of the primary drivers for this market is the exponential growth of the nuclear power sector in China. Nuclear power plants play a vital role, especially in areas that are far away from coalfields and in areas that are experiencing rapid economic development. In 2030, it is expected that the installed nuclear capacity in China will be able to fulfill a major share of the electricity requirement across the country. In nuclear power plants, pressure relief valves are widely used to protect the super-heaters, turbines, and boilers, in order to enable the nuclear power station to run at the optimal high temperature and pressure. Consequently, an increase in the capacity expansion of nuclear power stations in China is expected to drive the demand for liquid microfiltration, which in turn, is expected to propel growth in the global liquid microfilteration market during the forecast period.
In terms of geography, APAC accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. China plays a major role in the growth of the liquid macrofiltration market in APAC. Also, the rapid growth of urbanization and industrialization is another major reason responsible for the growth of this market in the region. Moreover, increasing government investments in water treatment applications in an effort to conserve the environment, will also propel the growth of the global liquid macrofilteration market in the coming years.
The global liquid macrofiltration market is highly fragmented with an increasing number of established international vendors holding significant shares in the global market. There is no single market leader with a dominant share; many vendors have comparable market shares, thereby, triggering intense competition. Furthermore, several vendors offering fluid treatment products also provide liquid filtration equipment. This, in turn, increases rivalry among specialized vendors in the global liquid macrofiltration market.
Leading vendors in the market are –
Other prominent vendors in the liquid macrofiltration market include Filtration Group, GE Water & Process Technologies, Lenntech, Lydall, MANN+HUMMEL, Nexom, and Siemens.
During 2016, the granular micro-filter dominated the liquid macrofiltration market and accounted for a major part of the overall market share. The necessity of granular micro filter in the municipal sector to provide clean drinking water for residential and commercial users is the key contributing factor to the growth of this segment in the global market.
In this market study, analysts have estimated the water and wastewater segment to dominate the liquid macrofiltration market during the forecast period. High economic development, as well as rapid urbanization in emerging economies such as China and India, are the key to the growth of the water and wastewater segment in the global liquid macrofilteration market.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market segmentation by end-user
PART 08: Geographical segmentation
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Tags: micron filter, mesh filter, measuring tools, machine tools, heavy industry business segment, test and measurement top companies,
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