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This market research report identifies Evoqua Water Technologies, General Electric, GEA Group, OSMO Membrane systems, and The Dow Chemical Company as the key vendors in the global cross flow membrane market. This report also presents a detailed analysis of the market by technology (reverse osmosis, nanofiltration, microfiltration, and ultrafiltration), by application (water treatment, energy, and manufacturing), and by geography (the Americas, APAC, and EMEA).
Technavio’s market research report predicts that the global cross flow membrane market will grow at a CAGR of nearly 7% during the forecast period. The growing demand for clean water is one of the primary drivers for market growth. The reduction in water resources around the globe and the rising cost of wastewater disposal has led to the high awareness for water purification. Moreover, water treatment also allows the effective use of wastewater released from industries and the treated water can be reused for agriculture and other purposes, which in turn, reduces the usage of groundwater. With the introduction of strict regulations for wastewater treatment, the need for treating contaminants will create the need for water purification systems, in turn, fueling the demand for cross flow membranes.
According to our cross flow membrane market analysis, the rapid evolution in microelectronics has been one of the latest trends that will gain traction in the market. The microelectronics industry is fast growing with a wide range of products such as computer chips or integrated chips, solar cells, and flat panel displays. Silicon-based sectors of the microelectronics industry require a large volume of highly-pure or ultrapure water (UPW). Since devices such as flat panel displays and photovoltaics are manufactured in fabrication plants they require huge volumes of ultrapure water, consequently aiding the growth of the cross flow membranes market.
The global cross flow membrane market is characterized by the presence of numerous large and established vendors and the competition among the market players is quite intense. The market is anticipated to witness a stable growth due to the rise in applications in the end-user industries and growing popularity of the use of industrial process water. Rise in industrialization and the growing demand from the developing countries will significantly contribute to the growth of the market during the forecast period.
Key vendors in the market are:
Other prominent vendors include Alfa Laval, APPLIED MEMBRANES, BOKELA, Graver Technologies, King Filtration Technologies, Koch Membrane Systems, Lenntech, MICRODYN-NADIR, Novasep, Pall , PARKER HANNIFIN, Pentair, Porex, Sartorius, SEPRA, TAMI Industries, and Veolia.
During 2016, the reverse osmosis technology segment dominated the global cross flow membrane market and will continue its dominance over the next four years as well. The increasing demand for cross flow membranes in applications such as desalination and municipal water purification, pharmaceutical industries, power plants, and microelectronic industries will drive the growth of this market segment.
As per Technavio’s market research report, the water treatment application segment led the global cross flow membrane market during 2016. This segment will continue to dominate the market during the forecast period as well and this will mainly attribute to the rising usage of desalination processes and water treatment plants across the globe.
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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.
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